PR wah cantt - A meeting of Senate Standing Committee on Defence Production, presided over by Lt Gen (R) Abdul Qayyum, Chairman Senate, was held in Islamabad where matters regarding POF were discussed at length. Secretary Defence Production Lt Gen (R) Ijaz Choudhry and Lt Gen Umar Farooq Durrani, and HI(M) Chairman POF Board briefed the committee. Senator Hafiz Hamd Ullah, Nuzat Sadiq, Gian Chand, Brig (R) William, Sehr Kamran and Attiq Sheikh also attended the meeting.

Senate Standing Committee on Defence Production was told that POF exported arms valuing $31.16 million to various countries around the globe in the fiscal year 2016-17. POF products valuing Rs. 3230 million were provided to Law Enforcement Agencies of the country and subsidiaries of POF sold their products valuing Rs.8603 millions in the local market. Therefore, the commercial sale at local market touched the total figure of Rs.11833 million. Law Enforcement Agencies placed the orders for weapons and ammunition valuing Rs.3932 million out of which products valuing Rs.3230 million were handed over to them. During the current fiscal year, LEAs placed 25% more orders as compared to last year. In the meantime, export orders of 36.57 million dollars are in hand.

The profit earned by POF subsidiaries during financial year 2016-17 is appended below:

Wah Nobel Group of Companies gained profit of Rs1264 million, Wah Industries Ltd Rs.609 million, Wah Brass Mills Rs404 million and Hi-Tech Plastics Rs22 million hence the total profit earned by POF subsidiaries during the fiscal year remained Rs2299 million.

Senate Standing Committee was further informed that PC-1 for Safe City Project for POF Wah, Sanjwal and Havelian is being prepared which is expected to be completed by November’2017. After completion of PC-1 the case will be referred to Government of Pakistan for allocation of funds.

Senate Standing Committee was further told that Prime Minister during his visit to POF on 6th February’2017 announced a Welfare Package for POF employees that include 25 percent of the basic pay as Special Allowance, 02 Advance Increments & a Housing Scheme for POF employees. Notification for special allowance and advance increments have been issued by the government of Pakistan and payment in this regard is being made to the employees while the Housing Scheme announced by the Prime Minister of Pakistan is yet to be implemented.

Senate Standing Committee was requested to extend help for approval of Housing Scheme for POF employees. The Committee also expressed its satisfaction over the performance of POF.

Chairman Sanding Committee Senator Lt Gen (R) Abdul Qayyum, asserted that POF is the mother defence production complex which has been committed to ensuring Pakistan’s national security. Chairman Standing Committee appreciated the efforts of Chairman POF Board and his team for the steps being taken for the progress of POF. The committee strongly recommended to the govt. to expedite action for the release of funds for modernization of POF plants and machinery, formal approval of package announced by the Ex-Prime Minister on 6th February’2017 for welfare of employees and formal approval and notification for establishment of housing colony in Wah Cantt for POF employees.

Senate Standing Committee expressed satisfaction over the capabilities of POF.