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51st MEETING OF EDB BOARD OF MANAGEMENT

51st Meeting of EDB Board of Management was held on 20th June, 2022 at NFC Lahore under the chairmanship of Mr. Almas Hyder and attended by majority of the Board Members.

CEO-EDB briefed the Board on progress on assignments discussed in the previous Board meeting. He briefed on the development activities in respect of AIDEP (2021-26), Mobile Device Manufacturing Policy, Solar Panel and Allied Equipment Manufacturing Policy and Agriculture Implements Manufacturing Policy.

The Board was apprised that AIDEP encompassed promotion of small cars, promoting localization, incentivizing introduction of new products in tractors and motorcycles segments, consumer protection, promotion of new technologies i.e. EVs and Hybrids, export targets for OEMs etc. Major achievements include issuing EV manufacturing license issued to (10)ten 2/3 wheeler companies, updation of SRO 693(1)2006, implementation of WP-29 Safety Regulations through legislation w.e.f. July 01, 2022, payment of late delivery charges by OEMs to customers @ KIBOR + 3 percent. It was further informed that EDB has taken up the unimplemented recommendations of AIDEP with FBR.

The Board appreciated the success of Mobile Manufacturing Policy under which in the very first year, i.e. 2021, 70% handsets were manufactured locally whereas in the first four months of current year, i.e. Jan-Apr 2022, local manufacturing of mobile phones has reached 92% of total handsets sold in the country. He informed that the mobile manufacturing companies are facing problems in import of CKD/SKD due to recent restrictions by State Bank of Pakistan for establishing letter of credit which may result in halting of operation and even shut downs. The Board directed to take up the matter with concerned quarters on priority basis.

The Board was also informed that EDB has initiated the work on formulation of Policy to promote local manufacturing of “Solar Panels and Allied Equipment Manufacturing” and “Agricultural Machinery and Implements Manufacturing”. Several meetings, in this regard, have been held with the concerned stake-holders at federal and provinces levels to get suggestions for the proposed policies. Accordingly, based on the inputs / comments Policy documents are being finalized. The Board advised to hold consultative workshops on these policies in order to benefit from collective wisdom of concerned stakeholders.

 

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