Board of Governors appreciated one and a half year performance of EDB. Currently 1500 foundries are operating in the country – CEO addressed the International Foundry Conference. During the International Foundry Conference CEO emphasized on the importance of internships/trainings for students.Five years tariff plan given in AIDP will help the Industry to make long term investment – CEO addressed the workshop on AIDP. EDB to take delegation to metal working show – EMO 2007 to Hannover in September 2007. Minister Jahangir Khan Tareen formed committee of OVMs & EDB officials to solve differences on tariff given in AIDP. JICA advised Pakistan to focus on high value manufacturing. Pak Industrial sector grows at 10.9 percent during the first quarter of current financial year. MIDEST 2006 and Euromold 2006, the leading international trade shows opened new avenues for Pakistan’s engineering sector  Youth Business International Mentor’s Program of Prince Charles started its operations in Pakistan.