Wednesday, 10 June 2009
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Tuesday said the Ministry of Industries and Production has a key role to play in creating an environment for industrial growth in the country.
Pakistan, with a consumer market of 170 million people, abundance of raw material, cheap labour and entrepreneurship is endowed with all the requisites to climb the ladder of industrialisation, he said.
Gilani expressed these views at the Ministry of Industries and Production. He also stressed for an early formulation of an industrial policy. He called upon the need for and up-gradation of industry while ensuring transparency to make it competitive.
Gilani while expressing concern over the output of Pakistan Steel directed the ministry to come up with a business plan to make it a productive unit that is financially sound and economically sustainable. He said industrialisation in the country is not only necessary to generate jobs and economic activities for the poor and meet industrial needs of 170 million people but also to claim Pakistan’s rightful share in the global market.
The Prime Minister directed the ministry to achieve the target of setting up utility stores in each union council. Regarding complaints about supply and sale of sub-standard consumer items at utility stores, he directed the corporation to professionalise its working and ensure both quality and quantity of consumer supplies available.
During the meeting, it was observed that in order to reinvigorate the functioning of PIDC, private sector involvement is a must besides linking of various small technological institutions with some major institutions while focusing on Research and Development.
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