<P> Pakistan Industrial Development Corporation (PIDC) is a state corporation of Pakistan working under Ministry of Industries and Production . It was established in 1952 . PIDC was created to set up industries in such fields where large capital was required and was difficult for the private sector and to set up industries in such backward areas to creating employment opportunities . </P> <P> National Industrial Parks Development & Management Company (NIP) was created in 2006, as an initiative of then - Industries Minister Jehangir Khan Tareen, himself an industrialist . 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 . </P>

In which year industrial development board was formed in pakistan pak301