Pakistan Industrial Development Corporation

Pakistan Industrial Development Corporation (PIDC) is a state corporation of Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. It was created to set up industries in Pakistan and then resell them to private enterprise

Capitalism

Capitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...

. The Pakistan Industrial Development Corporation was established in the early 1952 [Ref: Ford & Harvard (1965), Design for Pakistan: A Report on Assistance to the Pakistan Planning Commission by Ford Foundation and Harvard University, Ford Foundation

Ford Foundation

The Ford Foundation is a private foundation incorporated in Michigan and based in New York City created to fund programs that were chartered in 1936 by Edsel Ford and Henry Ford....

, New York] with IDA credit, developed industrial estates

Industrial park

An industrial park is an area zoned and planned for the purpose of industrial development...

for small- and medium-scale industries, assisting their occupants in obtaining credit

Credit (finance)

Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately , but instead arranges either to repay or return those resources at a later date. The resources provided may be financial Credit is the trust...

, raw material

Raw material

A raw material or feedstock is the basic material from which a product is manufactured or made, frequently used with an extended meaning. For example, the term is used to denote material that came from nature and is in an unprocessed or minimally processed state. Latex, iron ore, logs, and crude...

s, technical and managerial assistance, access to production facilities, as well as marketing

Marketing

Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...

support. Despite steady overall industrial growth during the 1980s, the Pakistan's industrial sector remains concentrated in cotton

Cotton

Cotton is a soft, fluffy staple fiber that grows in a boll, or protective capsule, around the seeds of cotton plants of the genus Gossypium. The fiber is almost pure cellulose. The botanical purpose of cotton fiber is to aid in seed dispersal....

processing, textiles, food processing

Food processing

Food processing is the set of methods and techniques used to transform raw ingredients into food or to transform food into other forms for consumption by humans or animals either in the home or by the food processing industry...

and petroleum refining

Oil refinery

An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas...

. The corporation has been headed by famous personalities of Pakistan such as Ghulam Faruque

Ghulam Faruque

Khan Bahadur Ghulam Faruque Khan was a politician and industrialist of Pakistan. He belonged to the village Shaidu in Nowshera District. Nowshera is the home of the famous Pashtun Tribe the Khattaks of the Khyber-Pakhtunkhwa province in Pakistan...

, Nawab Amir Mohammad Khan of Kalabagh, Lt-Gen Iftikhar Ahmed, A M K Mazari, Mukhtar Masood

Mukhtar Masood

Mukhtar Masood, SI, is a Pakistani writer and bureaucrat. He has been awarded Sitara-i-Imtiaz, one of the highest civil awards by the Government of Pakistan.-Aligarh years:...

, A R Faridi, Ahmed Hussain A Kazi, Air Marshal Azim Daudpota

Azim Daudpota

Air Marshal Mohammed Azim Daudpota, commonly known as Azim Daudpota, was a three-star officer in the Pakistan Air Force who went on to briefly serve as Governor of Sindh.-Air force career:...

, A.B.Khan Abdul Bari Khan and Mr. Gul Muhammad Rind

See also