The sources said that over 90 per cent of industrial
units in Kotri have installed their own power plants to ensure
uninterrupted power supply.
Whereas industries in Hyderabad have totally gone out
of Wapda's grid system and have installed their own captive power
In Nooriabad about 30 industries have got gas
connections for their units. The power generated by captive power plants
is not only cheaper than the power supplied by utility companies but one
could ensure its continuous flow to keep the industry running.
There is a boom in industrial activity in Nooriabad,
which can be gauged from the fact that not a single industrial plot
there is presently available for sale.
The power supplied by utility company was not only
costly but it also resulted in heavy losses to the industry, the
chairman All Pakistan Textile Mills Association (Sindh-Balochistan Zone)
Mushtaq Ahmed Vohra told.
He said the frequent shut-down in power supply to the
industry from utility companies does not only result in loss of working
hours but also badly effects the quality of products.
Vohra said many industrial units had to withdraw
their products from export market because they could not maintain their
quality of products as sought by buyers in the world market.
However, he asked the WAPDA authorities to let the
people know that where this surrendered power by the industry has gone.
There is hardly any change and the load-shedding is still going on.
PROVINCES ASKED TO ATTRACT INVESTMENT
Commerce Minister Abdul Razak Dawood has said that
provinces must play their role in attracting investment and putting the
country on industrial high roads.
He was presiding over a review meeting of Provincial
Committees on Investment (PCOI) in the office of Board of Investment (BoI),
He stressed the need for making all endeavours for
increasing investment and industrialization as without these steps the
country will not bear fruit till the provinces are made the launching
pad for this activity.
The meeting took stock of various matters relating to
establishment of Export Processing Zones (EPZ)/Industrial Estates in
various cities, privatization of provincial assets, functioning of
rail/road transport and introducing the culture of cluster parks.
LSM GREW BY 4.34PC IN 2001-02
The Large Scale Manufacturing (LSM) has registered a
growth of 4.34 per cent in its production during the financial year
2001-02 against 2000-01. According to the revised figures of Federal
Bureau of Statistics (FBS), released, the production of around 16 items
showed growth in 2001-02. LCV by 21.91 per cent; flakes & detergents
by 20.93 per cent; trucks by 19.85 per cent; petroleum products by 14
per cent; cotton cloth by 13.35 per cent; motor cycles by 13.13 per
cent; storage batteries by 10.31 per cent; sugar by 9.5 per cent; toilet
soaps by 7.19 per cent; nitrogenous fert by 4.55 per cent; cotton yarn
by 4.24 per cent; caustic soda by 3.85 per cent; paper & board by
3.13 per cent; motor tyres by 3.05 per cent; jeeps & cars by 2.85
per cent; cement by 2.70 per cent; phos. fertilizers by 51.90 per cent;
tractors by 25.26 per cent; glass plates & sheets by 20.50 per cent;
buses by 17.80 per cent; paints & varnishes by (L) by 17.65 per
cent; C.R.Coll/plate/ sheets by 14.59 per cent; H.R Sheets/stripe by
13.39 per cent; jute goods by 8.66 per cent; cosmetic by 5.56 per cent;
paints & varnishes (S) by 5.32 per cent; cigarettes by 5.05 per
cent; coke by 3.16 per cent; pig iron by 2.65 per cent; beverages by
1.96 per cent and soda ash by 1.23 per cent, respectively.
The Islamic Development Bank (IDB) is likely to help
Pakistan in vaccines production with a financial assistance of $12 to 15
million. This was stated by the executive director of National Institute
of Health (NIH) , Dr Athar Saeed Dil, while speaking at a two-day
workshop to create awareness among people about rabies, on Tuesday.
The workshop was inaugurated by the health minister,
Dr Abdul Malik Kasi.
Polyron Limited — the troubled polyester filament
yarn producing company — announced that the company had suspended
production "temporarily" and laid off "such number of
workers", as were not immediately in demand.
The company cited "huge accumulation of finished
stocks" as the reason for bringing production to a grinding halt,
and added that plant would restart just as soon as the stock reached
"a manageable level".
'PAKISTAN-MADE' OBSESSION NOT WORKABLE: RAZAK
The federal commerce and industries minister Abdul
Razak Dawood on Wednesday urged the people to get rid of "made in
Pakistan" obsession, and said that everything could not be produced
"We can produce certain parts and equipments and
would have to import others for assembling television sets or other
goods," the minister said at the National Bank of Pakistan.
PAKISTAN CLAIMS TECHNOLOGY PROGRESS
A virtual university has been set up to promote
computer courses Pakistan has long been eager to develop an information
technology industry, much like neighbouring India has done.
Rising costs in developed countries have
significantly increased software development outsourcing in recent
years, enabling other countries, especially those in Asia, to tap into
the offshore market.
So far Pakistan has not been able to secure any
significant share of the global software business.
But Pakistan's Information Minister, Nisar Memon,
told the BBC's World Business Report building up the sector has been one
of the government's priorities and progress is now being made.