Lahore Chamber of Commerce and Industry opposes closure of Engineering Development Board

Lahore, June 23, 2017 (PPI-OT):The Lahore Chamber of Commerce and 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, especially 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.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

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