LAHORE: The Founders Group of Lahore Chamber of Commerce & Industry (FG-LCCI) on Monday demanded the government appoint a competent professional head to Engineering Development Board (EDB), instead of shutting it down as it would discourage investors.
The demand was raised at an urgent meeting of Founders Group that was attended by FG leaders Syed Mohsin Raza Bukhari, Mian Muhammad Ashraf, Ijaz Butt, Iftikhar Ali Malik, Tariq Hameed, Sheikh Mohammad Asif, Mian Misbahur Rehman, Shahid Hassan Sheikh, Mian Muzaffar Ali, Farooq Iftikhar, Ijaz A Mumtaz, Abdul Basit, Khawaja Khawar Rasheed, Zeshan Khalil members of the group.
They said that closure of Engineering Development Board would also hamper the growth of country’s engineering industry, besides reducing government’s ability to regulate the industry due to the resulting lack of expertise, leading to shortage of investments especially the vending sector.
Founders Group leaders said that Engineering Development Board (EDB) was established to oversee multiple areas related to engineering sector. An important area where EDB had contributed the most was the automobile sector. It oversaw the implementation of Auto Policy, based on predefined policy document guidelines.
They said that it supported the vendor industry by handling various Statutory Regulatory Orders by assuring local content enhancement and curtailment of rollback, based on the government’s policy guidelines.
In order to improve the circumstances, they suggested, a professional Chief Executive Office should be appointed on the EDB, based on capability to handle such an organization, adding that the closure of an institution was not a solution to the problems.
