The operational strategy was to set up projects on a continuous basis and transfer them to the private sector after successful operation, thus promoting the development of the private sector. The primary aim of establishment of PIDC was to set up industries in such fields where the private sector was shy and where large amount of capital outlay with long gestation period was required. Secondly, the object was to set up industries in such areas, which were backward with a view to creating employment opportunities and removal of regional disparities. The role of PIDC was redefined during 2004-05 with a view to facilitate the pace of industrialization in the country and in line with Government of Pakistan’s initiative for strategic development & competitiveness and to develop non-traditional sectors to contribute effectively towards accelerated growth in exports from Pakistan. Then the Board of Directors of PIDC was also reconstituted with total 15 members, including 10 members from private sector and the Minister of Industries & Production as its Chairman.
Mr. Muhammad Hammad Azhar
Federal Minister for Industries &
Mr. Afzal Latif
Federal Secretary for Industries & Production
Mr. Rizwan Ahmed Bhatti
Chief Executive Officer
Pakistan Industrial Development Corporation (PIDC) is continuously working hard to revolutionize the industrial development of Pakistan by executing some historical projects. Following are some projects executing under the supervision of PIDC: