Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here inaugurated Common Facility and Training Centre (CFTC) established under the auspices of Pakistan Hunting and Sporting Arms Development Company (PHSADC) for uplifting of the quality of locally manufactured small arms.
Besides, Special Assistant to Khyber Pakhtunkhwa Chief Minister on Industries, Abdul Karim Khan, Senator Ilyas Ahmad Bilour, president, Sarhad Chamber of Commerce and Industry (SCCI), Haji Mohammad Afzal, Provincial Chief, SMEDA, Javed Iqbal Khattak, Chairman, PHSADC, Zahidullah Shinwari and CEO PHSADC, Tahir Nawaz Khattak were present on the occasion.
Addressing the inauguration ceremony, Ghulam Murtaza Khan Jatoi expressed happiness over the operationalizing of the center, and termed the manufacturing of small arms a potential sector of the province and its adjacent tribal region. He said that the resolution of the problems of the sector would help increase exports of the country.
He said that the problems of the company were given priority in resolution. However, he said that nine other such public sector companies established with the financial assistance of Rs four billion working under the supervision of Pakistan Industrial Development Company were running in deficit and they are also required to stand on their own feet like PHSADC.
The federal minister said that the management of the company has given commitment that the operationalizing of the CFTC will make it self-sufficient and sustainable. He said that machinery has been arrived and installed and now they should have to on its own feet.
He said that hunting and sporting, furniture and gemstone sectors are potential sectors and after assuming the charge of the ministry, he had pledged support of potential sectors companies and merging of the deficit one.
Ghulam Murtaza Jatoi was of the view that the manufacturing of hunting and sporting arms is the oldest industry and the installation of the machinery will bring improvement. He said that instead of copying they should now concentrate on the manufacturing of quality products.
Speaking about China Pakistan Economic Corridor, he said its fruits will be ushered in the whole country. He said that after the establishment of economic zones it will bring sufficient industries as duties on the import machineries have been waived off to usher industrial revolution in the country.