Pakistan Industrial Development Corporation (PIDC) () is a

state corporation A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

working under

Ministry of Industries and Production The Ministry of Industries and Production () is headed by the Minister for Industries and Production and Pakistan Secretary of Industries and Production. National Fertilizer Corporation of Pakistan National Fertilizer Corporation of Pakistan (NF ...

History

Pakistan Industrial Development Corporation (PIDC) was founded as a state corporation under Pakistan's Ministry of Industries and Production in April 1951. It began operations in 1952. The PIDC

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

included members of industrial families such as Naseer A. Sheikh of the Colony Group,

Adamjee Group Adamjee Group ( ) is a group of companies headquartered in Karachi, Pakistan. The group was previously headed by Sir Adamjee Haji Dawood. As of 2007, it is unofficially estimated that the owners of Adamjee Group are among the top 40 wealthiest ...

, and

Syed Amjad Ali Syed Amjad Ali (; 5 July 1907 – 5 March 1997) was a Pakistani politician and a civil servant during the British Raj era, who served as the 3rd Minister of Finance (Pakistan) from 1956 to 1958 and as Pakistan Ambassador to the United States ...

of the Wazir Ali Group. Its constitution articulated a primary objective of promoting industry rather than state ownership, with a policy to engage private capital and gradually transition its share capital to private investors.

Muhammad Ayub Khan Mohammad Ayub Khan (14 May 1907 – 19 April 1974) was a Pakistani military dictator who served as the second president of Pakistan from 1958 until his resignation on 1969. He was the first native Commander-in-Chief of the Pakistan Army, comm ...

invigorated PIDC which initiated new industries using government capital and sold them to private businessmen once they became profitable. Its strategic

disinvestment Disinvestment refers to the use of a concerted economic boycott to pressure a government, industry, or company towards a change in policy, or in the case of governments, even regime change. The term was first used in the 1980s, most commonly in ...

policies significantly influenced the growth of major industrial conglomerates, particularly in

East Pakistan East Pakistan was the eastern province of Pakistan between 1955 and 1971, restructured and renamed from the province of East Bengal and covering the territory of the modern country of Bangladesh. Its land borders were with India and Burma, wit ...

, where groups such as Adamjee, Dawood, Amin, Crescent, Isphani, and Karim benefited from these policies by establishing large-scale industrial operations. In

West Pakistan West Pakistan was the western province of Pakistan between One Unit, 1955 and Legal Framework Order, 1970, 1970, covering the territory of present-day Pakistan. Its land borders were with Afghanistan, India and Iran, with a maritime border wit ...

, notable projects included the

Saigol Group The Saigol Group ( ) is a group of companies headquartered in Lahore. It was founded by Ameen Saigol in the 1930s with a small shop that eventually developed into the Kohinoor Rubber Works. Ameen Saigol had four sons: Yousaf, Sayeed, Gull and Ba ...

's acquisition of the Jauharabad Sugar Mill and the

Dawood Group The Dawood Group () is a group of companies headquartered in Karachi. It is active in diverse businesses and industries of the Dawood family-business and is owned by Dawood family. History Dawood Group was founded by Ahmed Dawood. Ahmed Dawoo ...

's takeover of

Burewala Textile Mills The Dawood Group () is a group of companies headquartered in Karachi. It is active in diverse businesses and industries of the Dawood family-business and is owned by Dawood family. History Dawood Group was founded by Ahmed Dawood. Ahmed Dawoo ...

. PIDC facilitated the expansion and dominance of these industrial houses in Pakistan's economy, particularly in the

jute Jute ( ) is a long, rough, shiny bast fibre that can be Spinning (textiles), spun into coarse, strong threads. It is produced from flowering plants in the genus ''Corchorus'', of the mallow family Malvaceae. The primary source of the fiber is ...

and

textile Textile is an Hyponymy and hypernymy, umbrella term that includes various Fiber, fiber-based materials, including fibers, yarns, Staple (textiles)#Filament fiber, filaments, Thread (yarn), threads, and different types of #Fabric, fabric. ...

industries. PIDC was created to set up industries in such fields where large

capital Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Econom ...

was required and was difficult for the

private sector The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workfo ...

and to set up industries in such backward areas to creating employment opportunities.

Subsidiaries

National Industrial Parks Development and Management Company

National Industrial Parks Development & Management Company (NIP) was created in 2006. NIP is a public-private partnership established to develop focused industrial growth in Pakistan by developing world-class industrial parks all over the country. The company was envisioned as a public-private hybrid. While it is a subsidiary of the PIDC, about 75% of its board members are from the private sector.

Technology Up-Gradation and Skills Development Company

Technology Up-Gradation & Skill Development Company (TUSDEC) has been incorporated in 2005 as a not for profit, guarantee limited company, a wholly owned subsidiary of Pakistan Industrial Development Corporation. Its functions include: * Promote and establish Technology Upgradation and Skill Development Centres by establishing common facility, design, support and maintenance, applied research and dissemination centres. * To up-grade and transfer technology in targeted industrial sectors to enhance their productivity and competitiveness in the local as well as global sphere.

Karachi Tools, Dies And Moulds Centre

KTDMC was incorporated as a "non-profit" organisation in 2006 under the Government's

Public Private Partnership In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichke ...

program. KTDMC is being managed by an independent board of directors a majority of whom are techno-preneurs from the private sector. KTDMC train professionals in field of designing, engineering and manufacturing of

tools A tool is an object that can extend an individual's ability to modify features of the surrounding environment or help them accomplish a particular task. Although many animals use simple tools, only human beings, whose use of stone tools dates ...

, dies and moulds through computer aided design and manufacturing

Computer-aided design Computer-aided design (CAD) is the use of computers (or ) to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer, improve the quality of design, improve c ...

(CAD),

Computer-aided manufacturing Computer-aided manufacturing (CAM) also known as computer-aided modeling or computer-aided machining is the use of software to control machine tools in the manufacturing of work pieces. This is not the only definition for CAM, but it is the most ...

(CAM) and

computer aided engineering Computer-aided engineering (CAE) is the general usage of technology to aid in tasks related to engineering analysis. Any use of technology to solve or assist engineering issues falls under this umbrella. Overview Following alongside the cons ...

(CAE).This is particularly important for the small and medium businesses which cannot otherwise afford large investments to set up such facilities for themselves.

Pakistan Stone Development Company

Pakistan Stone Development Company (PASDEC) is a public limited company functioning on

not for profit A not-for-profit or non-for-profit organization (NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. While not-for-profit organizations and non-profit organizations (NP ...

as a subsidiary of Pakistan Industrial Development Corporation (Pvt.) Ltd. under the Ministry of Industries & Production. PASDEC is mandated for the development, promotion and up-gradation of dimensional Stone sector in Pakistan and promote value addition and develop domestic and international markets by introducing modern know-how and equipment.

Pakistan Gems and Jewellery Development Company

Pakistan Gems and Jewellery Development Company (PGJDC) is a subsidiary of Pakistan Industrial Development Corporation, Ministry of Industries & Production. The charter of the Company is to enhance the

value chain A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of Value (economics), value to an end customer. The concept comes from the field of business management and was first described ...

productivity of gems and jewellery industry of Pakistan from Mine to Market. The Company aims to enhance exports through facilitation, technology up-gradation, skill development and marketing/branding initiatives.

Pakistan Hunting and Sporting Arms Development Company

Pakistan Hunting & Sporting Arms Development Company (PHSADC) is a sector development company, a subsidiary of Pakistan Industrial Development Corporation (PIDC), Ministry of Industries & Production for promoting Gunsmith sector in the country. PHSADC has undertaken the tasks of up-gradation and standardisation of locally produced hunting & sporting arms to internationally acceptable standards.

Furniture Pakistan Company

Furniture Pakistan Company is a subsidiary company of PFID established in 2007 to upgrade the

furniture industry Furniture refers to objects intended to support various human activities such as seating (e.g., stools, chairs, and sofas), eating ( tables), storing items, working, and sleeping (e.g., beds and hammocks). Furniture is also used to hold objects ...

of Pakistan ultimately to enhance its export.

Southern Punjab Embroidery Industry

Southern Punjab Embroidery Industries is a joint venture project of private Sector and Pakistan Industrial Development Corporation. The company was established to promote and facilitate the continuous growth of the Hand & Machine made embroidery industry to enhance the export of such products. The company supports the Embroidery Sector at large in upgrading-skill, development/diversification of Hand and Machine made Embroidery products, technical advice etc.

Aik Hunar Aik Nagar

Aik Hunar Aik Nagar (AHAN) is operating as a

not-for-profit A not-for-profit or non-for-profit organization (NFPO) is a Legal Entity, legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. While not-for-profit organizations and Nonprofit organ ...

Company since 2007. IT is a subsidiary of Pakistan Industrial Development Corporation (PIDC), under administrative control of Ministry of Industries & Production. AHAN aim to generate non-traditional employment opportunities in rural areas by adopting and indigenising the One Village One Product (OVOP) concept of Japan and

One Tambon One Product One Tambon One Product (OTOP) is a local entrepreneurship stimulus program designed by Thailand's former Prime Minister Thaksin Shinawatra during his 2001–2006 Thai Rak Thai government. The program aimed to support locally made and marketed pro ...

(OTOP) of

Thailand Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...

. The primary objective is to alleviate poverty in rural and semi urban areas of Pakistan by supporting rural based micro and small enterprises engaged in the production of non-farm goods.

Pakistan Chemical And Energy Sector Skills Development

Pakistan Chemical and Energy Sector Skills Development Company (PCESSDC) was incorporated as a non-profit public-private partnership in 2009. The purpose of the company is to promote, facilitate and provide education and training to a young and growing rural population in various disciplines of the chemical and energy sector in Pakistan. Its aim is to provide employment and invest in the productivity of locals for industrial development by establishing vocational education and training colleges (VETCs), technical training colleges (TTCs) and management schools.

Liquidated projects

Some of the projects established by the PIDC were not successful, so they were liquidated upon

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the deb ...

. The details are given below:

Former subsidiaries

East Pakistan Industrial Development Corporation

Adamjee Jute Mills Adamjee Jute Mills was a jute mill in Bangladesh. It was established in Narayanganj in 1950 by the Adamjee Group. It was the second jute mill in East Pakistan (present-day Bangladesh) after Bawa Jute Mill, which was the first Jute Mill in East ...

, divested to

* Amin Jute Mills, divested to Amin Group * Chittagong Jute Manufacturing, divested to Ispahani Group *

Karnaphuli Paper Mills Karnaphuli Paper Mills, located in Chandraghona, Chittagong Division, Bangladesh, is a state-owned pulp and paper manufacturer established in 1951 by Pakistan Industrial Development Corporation (PIDC). The Dawoods took over from PIDC 1959. Foll ...