LAHORE: The Lahore Chamber of Commerce & Industry has expressed grave concern on the news of closure Engineering Development Board (EDB) and termed it a bad proposal. Government should shelve the idea for the sake of engineering sector of Pakistan.
In a statement issued here Friday, the LCCI Acting President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan said that reportedly this decision has been taken without taking the stakeholders on board. They said that Engineering Development Board is playing a fundamental role in promotion of engineering sector.
“EDB was established to oversee multiple areas related to the engineering sector. An important area where EDB has contributed the most is the Automobile Sector. It oversees the implementation of the Auto Policy, based on predefined policy document guidelines.
It supports the vendor industry by handling various SRO’s, by assuring local content enhancement and curtailment of rollback, based on the government’s policy guidelines”, they said.
They said that closure and shifting the responsibility of EDB, will derail the engineering industry, specially the auto sector, will lead to inefficiency in the government, and lack of expertise would further complicate the situation, leading to stoppage of investments in Auto Sector, especially the Vending Sector.
They recommended that proposal of disbandment of EDB should be taken back immediately as it would give a bad message to the foreign investors. To improve the circumstances, a professional CEO EDB should be appointed, based on capability to handle such an organization. They said that closure of an institution is not a solution to the problems. Government should take corrective to overcome the loopholes.
Meanwhile, the Lahore Chamber of Commerce & Industry has expressed deep grief sorrow over demise of the LCCI former President Sheikh Muhammad Arshad.
In a condolence message, the LCCI President Abdul Basit, Acting President Amjad Ali Jawa, Vice President Muhammad Nasir Hameed Khan and Executive Committee Members said that demise of Sheikh Muhammad Arshad is a big blow and irreparable loss.
They said that as Vice President, Senior Vice President and President of the Lahore Chamber of Commerce & Industry, Sheikh Muhammad Arshad rendered matchless services for the cause of business community.
The LCCI office-bearers prayed to the Almighty Allah to keep the departed soul in peace and let the family bear this irreparable loss with fortitude.
