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

[Abu Zarrar]

During the last week of August, the Senate passed legislation to support the transformation of the state’s defense enterprise, Heavy Industries Taxila (HIT), into a corporate entity.

The legislation – the Heavy Industries Taxila Board (Amendment) Bill 2019 – will result in HIT expanding its commercial activities. It will be made a limited company and will be registered with the Securities and Exchange Commission of Pakistan (SECP).




The Senate’s Standing Committee on Defence Production said in a report that the move to corporatize HIT will enable the enterprise to more easily enter joint ventures (JVs) with national and foreign firms.

The bill was approved earlier this year by Pakistan’s National Assembly and was referred to the Senate for consideration in May.

The move is in line with Pakistan’s efforts to spur capability developments in its national defense industry according to Jane’s 360.

The Senate passed the Heavy Industries Taxila Board (Amendment) Bill 2019 this Thursday. The legislation has already been adopted early this year by the National Assembly. Senate Standing Committee on Defense Production Chairman Senator Lt-Gen (R) Abdul Qayyum tabled a related report in the House on August 29.

Federal Minister for Defence Production Zubaida Jalal moved the bill for adoption.

HIT will now be able to enter into joint ventures with national and international partners for indigenous manufacturing of commercial products such as automobiles, tanks, prime movers, and railway wagons. This will result in more revenue, investments, and technologies which would benefit HIT’s defense production activities.

However, the committee said that surplus commercial potential of all defense production establishments should be utilized and enhanced to earn sufficient revenue for supporting the defense production industry.

According to the committee, other objectives for corporatizing HIT include enabling the enterprise to earn revenues to fund Pakistan’s defense budget; support national efforts to “move incrementally towards self-sustenance” in the defense sector; support private-sector defence industrial expansion in Pakistan; and “help bring in the latest technologies” into the country to benefit defense.

Being a national asset, it has saved billions of dollars over the years through indigenization of defense hardware.

HIT is one of Pakistan’s most important defense enterprises. The organization specializes in upgrades and manufacturing a range of military vehicles including main battle tanks (MBTs), armored personnel carriers, and artillery, as well as military vehicle engines and related components and associated equipment.

https://propakistani.pk/author/jehangir/
Source:https://propakistani.pk/2019/09/03/...ndustries-taxila-to-become-a-limited-company/

@Horus @Quwa

 

[war&peace]

Good initiative towards commercialisation and vendor development.

 

[fitpOsitive]

Good initiative towards commercialisation and vendor development.

You know that, as well. Have you any knowledge what happened with the projects already privatised in Pakistan?
Just go away. We don't need your knowledge.

 

[war&peace]

You know that, as well. Have you any knowledge what happened with the projects already privatised in Pakistan?
Just go away. We don't need your knowledge.

Hey, I have an idea.. you should dress up like a squirrel and climb the trees..

 

[Army research]

You know that, as well. Have you any knowledge what happened with the projects already privatised in Pakistan?
Just go away. We don't need your knowledge.

Defence firms should be privatized for advancement, basic logic followed by every single advanced defence industry in the world, even in China there's a special kind of privatization ( with strong government control still in place) for defence industries like cac sac norinco etc

 

[fitpOsitive]

Hey, I have an idea.. you should dress up like a squirrel and climb the trees..

So, you were doing that too? Now I got it, why your ideas are unique.

 

[bananarepublic]

Will the management be transferred to civilians or will it remain in Fauji hands?

 

[war&peace]

So, you were doing that too? Now I got it, why your ideas are unique.

I think it will make you happy and reduce your sadness.. you will get fresh and some fun for you and for the onlookers.. you may upload the video to youtube later on if you wish so and tag us

 

[fitpOsitive]

Defence firms should be privatized for advancement, basic logic followed by every single advanced defence industry in the world, even in China there's a special kind of privatization ( with strong government control still in place) for defence industries like cac sac norinco etc

For advancement of industry, you don't need privatisation, rather reforms. I mean, business is business, and requires a better environment at home. Currently, the business environment in Pakistan is so miserable that even a freelancer who is not earning from Pakistan is not comfortable in Pakistan.
But monkeys like Hafeeze shaikh can't do much.

 

[Army research]

For advancement of industry, you don't need privatisation, rather reforms. I mean, business is business, and requires a better environment at home. Currently, the business environment in Pakistan is so miserable that even a freelancer who is not earning from Pakistan is not comfortable in Pakistan.
But monkeys like Hafeeze shaikh can't do much.

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

 

[A.Muqeet khan]

For advancement of industry, you don't need privatisation, rather reforms. I mean, business is business, and requires a better environment at home. Currently, the business environment in Pakistan is so miserable that even a freelancer who is not earning from Pakistan is not comfortable in Pakistan.
But monkeys like Hafeeze shaikh can't do much.

this is a reform as well atleast for this company

 

[fitpOsitive]

I think it will make you happy and reduce your sadness.. you will get fresh and some fun for you and for the onlookers.. you may upload the video to youtube later on if you wish so and tag us

So that was the treatment doctor suggested to you? No medicine? Or you were taking self treatment?

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

Well the point is, in Pakistan govt orgs are crawling, and private industry is dead. Better crawling.

 

[Army research]

So that was the treatment doctor suggested to you? No medicine? Or you were taking self treatment?


Well the point is, in Pakistan govt orgs are crawling, and private industry is dead. Better crawling.

Not really, daud sons arms heck even darra industry seems to so more innovation than pof, it's a philosophical practice of business models , privatized have more freedom and investors look for profit and thus innovate and develop more where as Gov industries only order is to make needs and fullfill needs while working on the same salaries,

 

[war&peace]

So that was the treatment doctor suggested to you? No medicine? Or you were taking self treatment?

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

 

[Code_Geass]

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