www.thefinancialdaily.com  Wah weapon mill may go bankrupt Pakistan Ordnance Factory needs Rs21bn ISLAMABAD: Pakistan Ordinance Factory (POF) Wah is bordering on a financial crisis and needs immediate assistance to continue operations without a hitch. According to details the POF administration has told the government it urgently needs Rs245 million to run the works smoothly. Chairman POF, Lt Gen Shujaat Zamir Dar gave voice to his above concerns while briefing National Assembly (NA) Defence Production Committee in a meeting held. "Our utility bill for the current fiscal year stands at Rs2.2 billion while we have been provided with only Rs1.7 billion owing to this underpayment POF will become a defaulter, Dar said. He also proposed that POF should be permitted to generate electricity and trade it with Wapda to raise funds. POF Wah had demanded Rs15.56 billion this year but got only Rs9.16 billion, he said, adding, Army helped us from its pocket as it was getting difficult for us to keep up with the demand. "We have to supply enormous ammunition and equipment to Army due to war on terrorism. Moreover financial problems forced us to cancel export orders valuing $500 million as well", said he. He said POF needs over Rs21 billion to complete its 8 important projects. Dar also said that Prime Minister Syed Yousuf Raza Gilani had banned foreign tours for export promotion and seeking prior permission takes time resulting in a fewer foreign orders.-Online