The Korangi Association of Trade and Industry (KATI) has expressed grave concern over the news of the closure the Engineering Development Board (EDB). Its president, Masood Naqi, has demanded that the government should reject any proposal for the sack of the engineering and auto sector.
He said that reportedly this decision has been taken without taking the stakeholders on board. He said that EDB is playing a fundamental role in promotion of engineering sector. He said that this board was established to oversee numerous areas related to the engineering sector and has supported the automobile sector in particular.
Naqi said that any such decision would prove counterproductive for the sector. The senior vice president of KATI and head of its standing committee on Automotive, Ghazanfar Ali Khan, said that the closure and shifting the responsibility of EDB will derail the engineering industry, especially the auto sector, and this 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 send a bad message to foreign investors. To improve the circumstances, a professional CEO should be appointed, based on his capability to handle such an organization. They said that closure of an institution is not a solution to the problems. The government should take corrective measures to overcome the flaws.