{{Short description|Pakistan professional tool manufacturer}} {{Use Pakistani English|date=December 2023}} {{Use dmy dates|date=December 2023}} {{Infobox company | name = Pakistan Machine Tool Factory | logo = | logo_caption = | logo_upright = <!-- default: 1 --> | logo_alt = | type = [[State-owned enterprise]] | industry = Manufacturing | predecessor = <!-- or: predecessors = --> | founded = {{Start year|1968}} in [[Karachi]], Sindh, Pakistan | founder = | defunct = <!-- {{End date|YYYY|MM|DD}} --> | fate = | successor = <!-- or: successors = --> | hq_location_city = Karachi | hq_location_country = Pakistan | area_served = Pakistan-only | key_people =Zaheer a ghangro<br>{{small|([[Managing Director|Managing-Director]])}} | products = [[Machine tool]] | owner = Government of Pakistan | num_employees = 850 | num_employees_year = <!-- Year of num_employees data (if known) --> | parent = | website = {{URL|https://pmtfl.com/}} }}
The '''Pakistan Machine Tool Factory''' ('''PMTF''') is a Pakistani manufacturer of power and machine tools based in Karachi, Sindh, Pakistan. It was established in [[Karachi]] in 1968, the facility was built for the local manufacture of machine tools under technical cooperation and technology transfer agreements with [[Oerlikon-Bührle]] of [[Switzerland]].<ref name="auto">{{Cite news|url=https://www.thenews.com.pk/magazine/money-matters/427289-reviving-sick-pmtf|title=Reviving sick PMTF|first=Hussain Ahmad|last=Siddiqui|newspaper=The News International newspaper|date=February 2019|access-date=21 December 2023}}</ref>
==History and challenges== Established in [[Karachi]] in 1968, PMTF has faced many challenges over the years.<ref>{{Cite news|url=https://www.thenews.com.pk/magazine/money-matters/1126167-engine-of-growth|title=Engine of growth|first=Hussain Ahmad|last=Siddiqui|newspaper=The News International newspaper|date=November 2023|access-date=21 December 2023}}</ref> Despite completing contracts worth Rs 7.5 billion in 2019, over 700 PMTF employees have gone without salaries for four months.<ref>{{Cite web|url=https://tribune.com.pk/story/2168906/1-pmtf-employees-unpaid-four-months|title=PMTF employees unpaid for four months|date=March 3, 2020|website=The Express Tribune}}</ref> The factory is on the brink of collapse due to financial constraints.<ref>{{Cite web|url=https://tribune.com.pk/story/2397843/pakistan-economy-is-on-the-verge-of-collapse-financial-times|title=Pakistan economy on verge of collapse: Financial Times|date=January 25, 2023|website=The Express Tribune}}</ref> Short-sighted government policies and a long and failed privatization process over decades have adversely affected the company's performance and turned it into an ailing unit.<ref name="auto"/>
===Revival plan=== In February 2019, the government approved a recovery plan for the PMTF and decided to rehabilitate and restructure the collapsing PMTF, excluding it from the privatization process for [[state-owned enterprises]] (SOEs).<ref name="auto"/> The government approved handing over the PMTF to the Strategic Plans Division to replace the ailing government tools manufacturing unit.<ref>{{Cite web|url=https://tribune.com.pk/story/1927554/2-govt-approves-machine-tool-factorys-revival-plan|title=Govt approves machine tool factory's revival plan|date=March 11, 2019|website=The Express Tribune}}</ref><ref>{{Cite news|url=https://tribune.com.pk/story/909223/govt-may-hand-over-defence-parts-manufacturer-to-pof|title=Govt may hand over defence parts manufacturer to POF (Pakistan Ordnance Factories)|date=24 June 2015|newspaper=The Express Tribune|access-date=21 December 2023}}</ref>
===Collaboration with SSGC-AE=== PMTF and [[Sui Southern Gas Company]] Alternate Energy Limited (SSGC-AE) have signed a Memorandum of Understanding (MoU) to unlock "Green Molecules" renewable natural gas potential. As a result, PMTF will supply [[biogas]]/[[biomethane]], a renewable [[natural gas]], to SSGC-AE.<ref>{{Cite news|url=https://pakobserver.net/ssgc-pmtf-ink-mou-to-promote-renewable-natural-gas/|title=SSGC, PMTF ink MoU to promote renewable natural gas|newspaper=Pakistan Observer newspaper|date=20 October 2023|access-date=21 December 2023}}</ref><ref>{{Cite news|url=https://www.thenews.com.pk/print/1121606-mou-signed-to-promote-renewable-natural-gas|title=MoU signed to promote renewable natural gas|newspaper=The News International newspaper|access-date=21 December 2023}}</ref><ref>{{Cite news|url=https://www.brecorder.com/news/40269217|title=SSGC-AE, PMTF ink memo to promote renewable natural gas|date=21 October 2023|newspaper=Business Recorder newspaper|access-date=21 December 2023}}</ref>
==References== {{reflist}}
==External links== * {{url|https://pmtfl.com/}} - official website
[[Category:Engineering companies of Pakistan]] [[Category:Machine tool builders]] [[Category:Manufacturing companies based in Karachi]] [[Category:Manufacturing companies established in 1968]] [[Category:Power tool manufacturers]]