A Memorandum of Understanding (MoU) has been signed between Pakistan Business Council (PBC) and the Engineering Development Board (EDB) with the keen focus to boost the engineering sector and SEM. Almas Hyder, the former President of the Lahore Chamber of Commerce & Industry cherished this productive step for supporting the indigenous engineering sector to tap the potential of international trade in engineering goods and services. As the global engineering sector presents a huge potential, this workout will create wealth for the country and increase our per capita income. Albeit, the Engineering Development Board wants to evolve a policy framework in collaboration with the PBC, Chambers of Commerce & Associations and the MoU is an initiative that will pave ways for future stereograph developments. Saquib Shirazi, Chairman PBC, remarked this working relationship will simultaneously boost the image of Pakistan while contributing towards the improvement of the domestic market. The two domains have agreed to work jointly on Power & Energy, Capital Goods, Pumps & Motors, Surgical & Medical Devices, Cutlery & Kitchenware, Sanitary Fittings, Domestic Appliances, Fans (domestic & industrial), Construction and Building Materials. The productive step will boost the SEM field and collaboration will expand in the future to other sectors, segments and activities.
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