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Old 05-12-2006, 11:37 AM   #1 (permalink)
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Tareen wants training centres in marble sector

KARACHI: Jehangir Khan Tareen, Minister of Industries and production, has stressed the need to establish Common Facility and Training Centre (CFTC) in the area from where the marble and granite being excavated.

Presiding over the first meeting of Pakistan Stone Development Company (PASDEC) on Thursday he said there was more need of establishment of CFTC in Balochistan and NWFP. He said it would also help generate job opportunities for the people living in these two provinces.

He directed rehabilitation of the quarries damaged in October 8 devastate earthquake which hit Manshera and Balakot areas and said that assistance can be sought in this regard from the donor agencies.

The Board also approved the proposed Pakistan Stone Development Company (PASDEC) as private sector led-non-profit entity to be incorporated under section 42 of companies ordinance 1984 and a subsidiary of PIDC.

Mr Tareen directed that for the smooth functioning of PASDEC, management Gurus should be included in the board of directors with the chief executive officer from PIDC. The meeting also approved the Capital Cost of the company. Presiding the Gems and Jewelry Pakistan meeting, the minister set a target for of $500 million for 2010 and $ 2billion for 2015, which at present it is just $ 30 million.

Referring to the neighboring India, he told APP that its export of Gem and Jewelry for the current year is $ 17 billion. He said this company would work with the coordination of Export Promotion Bureau. The minister said that the company would incorporate within fifteen days, after which it will open its bank account and would be fully functional within a month. APP
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