Thursday, March 4, 2010

Steps suggested for POF’s economic revival

ISLAMABAD, Kurrent News: The Senate Standing Committee on Defence on Wednesday highlighted the need for adoption of measures aimed at economic revival of the Pakistan Ordnance Factory.

The committee, headed by Lt-Gen (retd) Javed Ashraf Qazi, was given detailed briefing by the POF Board Chairman Lt-Gen Shujaat Zamir Dar during its daylong visit to the defence production complex.

The committee chairman stated that multi-pronged strategy was need of the hour to keep POF’s ball rolling at a pace. Elaborating, he said the POF may be accorded autonomous status as envisaged in the 1961 ordinance. He said the POF complex comprises 24 factories, including 14 of commercial nature with the remaining 10 for defence purpose. He said the complex needs to be given autonomy at individual level and each of its segments should be made bound to run independently and earn profits accordingly.

The committee was unanimous of the view that any political pressure for further appointments in the organization be resisted with the recommendation to the government to immediately impose ban on fresh appointments other than essential posts and for the technical sector. The committee also recommended that a body be formed for rationalization of the existing strength of staff with the aim to decrease financial burden.

The committee viewed that Prime Minister Syed Yousuf Raza Gilani may undertake a visit of this important defence unit and take on-the-spot decisions for remedy of various challenges confronting it.

Earlier, the POF chairman said the complex needs $ 250 million injection for the overhaul of the existing machinery at various factories. “In some of the cases the working age of various machines, installed in factories, has been over 30 years,” he said.

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