Federal Minister for Industries, Production and Special Initiatives, Jahangir Khan Tareen has directed the board of Heavy Engineering Complex (HEC) to come up with further comprehensive plan for restructuring of the HEC in order to make this unit sustainable and profitable. He observed these observations while presiding over a high-level meeting on the performance and restructuring of Heavy Engineering Complex (HEC) here on Monday.

The minister decided to reconstitute HEC board by giving more representation to the private sector to further empower the board.

He also assured members that he would meet Wapda chairman not only to raise their concerns but also for resolving these concerns.

Moreover, he urged the board to make this strategic unit more competitive and market-oriented in order to compete in international market.

Earlier, HEC board gave a detailed presentation to the minister about the "work plan" for the restructuring of the HEC. The meeting was also attended by senior officers of the ministry.-PR

Copyright Business Recorder, 2005