Lahore – Times have changed all over the world and it has become impossible to cope with the time with out hard work and knowledge. Pakistan is also passing through a great typical times of economic crunch. Due to shortage of finance it is impossible to invest in Trade and industry. The cost of infrastructure has increased thousands time more due to expensive dollar whereas existing industry was established when dollar was a Rupee worth. It is most important to save the existing industry and those who are near to shut their doors must be supported to remain alive and keep working & producing goods for enhancing exports to pay off our Forex debits. Once the existing industry if closed it will be next to impossible to revive them for production. We need to upgrade the technologies with trained & educated work force to become skillful force to produce more quality goods with benchmark of branding. Branding of products and goods are produced with quality & sell more but branding & IPO issues are not supporting to crush the fake manufacturers and sellers. IPO laws must support genuine producers. China has been a great source of getting cheap products without making and product names. Most of the non business people did import many items and sold them with fake names hurting the local industry without any interruption & fear.It takes four to five generations by industry to establish their products. Under invoice and over invoice has also been disturbing the market price structure and damaging the real businessmen and their investments. Government facilitated to foreign vehicle manufacturers with a special packages of cascading but this facility has been exploited mostly by all these manufacturers by doing no localisation. Cascading was ignored and no localisation was promoted except a few in tractor industry. Cascading money earn by these units if calculated will come into billions which must be recovered from them with some surcharge. Research is
also the only answer for Development it may be in any sector like engineering,construction or agriculture sector. Research is off course expensive but brings you prosperity. Concerned agencies like Engineering Development Board and Export Development Board are sleeping and enjoying being government servants. Agri yield in Pakistan is very low keeping in view of other countries in the region we must pay full attention to produce more rice,grain and sugar for self reliance in food sector. SME is a great industrial sector of our economy contributing a great numbers in exports but neglected by all governments. We have completely failed to establish economic zones. KPK never made any investment to promote industry and their industrial zones & these are waiting some one to come, invest & generate employment similarly Blouchistan industrial zones are empty and not a singe investor in industry doing trade for quick money.Gawadar is also being delayed for several issues by ignoring CPEC which will be a great loss to Pakistan. Delay in Privatisation is continuously killing the hard earned money of pakistani industry it is required at once that these government run white elephant projects must be privatised at any cost at once.
By : Rehmatullah Javed.
