CEO EDB suspended by MOI&P

Chief Executive Officer (CEO) Engineering Development Board (EDB) Raza Abbas Shah has been suspended by the Ministry of Industries and Production (MOI&P). The reason is said to be the annoyance of GoP due to the controversial policies of the EDB CEO with the industrial sector, especially new entrants under Auto Development Policy 2016-21 which created competition in the market.

It was further known that the signed contacts between the new investors and the government were not being honored. He was also said to have hired six advisors for six million rupees per month. A contract was also awarded with an IT firm for digitization but the project was delayed inordinately.