Arms Manufacturer for Pak Army, Heavy Industries Taxila to Become a Limited Company

[war&peace]

Sir with respect, tell me one good reputable defence industry that isn't privatized ? There's tremendous reasoning and explaining them would require a magnitude of writing that I am unwilling to write at this time

Most of the successful industries in the west and USA are private. LM, Boeing, HoneyWell, Raytheon. And still I think the govt will keep control since it can own 51% shares to own it but the company will have to work like a commercial enterprise and look for business proactively in addition to the orders from the armed forces.

 

[sparten]

Here is the Act
http://senate.gov.pk/uploads/documents/1556772402_265.pdf

Long bloody overdue. We can enter into ToT and JV with other industry now and outsource as much of the manufacture of a hell of a lot of stuff.

 

[jamal18]

Not a good idea.

 

[war&peace]

i dont think it being privatized, it will never be its a strategic co, its nature of ownership being changed to enhance its cooperation with private sector and foreign companies

I think so too.. Govt will keep minimum of 51% of the shares.

 

[Samlee]

Whose Next POF???

 

[war&peace]

Whose Next POF???

POF may not be privatised any time soon until we devise some foolproof mechanisms to keep track of the everything produced in POF. While HIT products are heavy and only can be sold to the governments.

 

[Zulfiqar]

POF may not be privatised any time soon until we devise some foolproof mechanisms to keep track of the everything produced in POF. While HIT products are heavy and only can be sold to the governments.

Already being done in bits and pieces by carving out separate entities out of individual factories.

Process will be expedited once the initial corporatization projects become successful.

 

[fitpOsitive]

Hey I want to see you happy.. I thought these myself.. Yeah I had these ideas since childhood but could not implement but you seem to be the perfect subject cheer up

So, you use tale as well? I mean perfect squirrel or what?

 

[Darth Vader]

Bad Idea.

What Ever Worked in West or China it wont work.
Defence sector controls the people who can make any laws in States
While in China
Goverment holds these companies directly or indirectly
in Pakistan neither will be the cause and all the industries which were controlled by politicans were mostly destroyed and Unless Army controls it directly People who will purchase are already involved with these politicans not that army doesnt know of it.

 

[fatman17]

Industry
Pakistan to corporatise Heavy Industries Taxila
Jon Grevatt, Bangkok - Jane's Defence Weekly
03 September 2019


Pakistan's Senate passed legislation in late August to support the transformation of state defence enterprise Heavy Industries Taxila (HIT) into a corporate entity. The move is in line with Pakistan's efforts to spur capability developments in its national defence industry.

The legislation - the Heavy Industries Taxila Board (Amendment) Bill 2019 - will result in HIT, a specialist in military land systems, becoming a limited company. The bill was approved earlier this year by Pakistan's National Assembly and was referred to the Senate for consideration in May.

Pakistan's HIT, manufacturer of the Al-Khalid MBT (pictured), is to become a limited company under newly approved national legislation. (HIT)

In approving the bill, the Senate's Standing Committee on Defence Production said in a report that the move to corporatise HIT will enable the enterprise to more easily enter joint ventures (JVs) with national and foreign firms.

The committee said these JVs would be in commercial sectors - including the production of automobiles, trucks, and wagons - and that resulting revenues, investments, and technologies would benefit HIT's defence production activities. However, the committee also warned that such commercial activities should not be to the detriment of defence production.

According to the committee, other objectives of the move to corporatise HIT include enabling the enterprise to earn revenues to subsidise Pakistan's defence budget; support national efforts to "move incrementally towards self-sustenance" in the defence sector; support private-sector defence industrial expansion in Pakistan; and "help bring in the latest technologies" into the country to benefit defence.

HIT is one of Pakistan's most important defence enterprises. The organisation specialises in upgrades and manufacturing a range of military vehicles including main battle tanks (MBTs), armoured personnel carriers, and artillery, as well as military vehicle engines and related components and associated equipment.

Its most important programmes include the production of Al-Khalid-I MBTs and the development of Al-Khalid-II MBTs, both for the Pakistan Army.

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