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Pakistan rejects $2 billion investment in Thar coal

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INDIA HEAR THIS LOUD AND CLEAR WE DO NOT NEED YOUR LAXMI MITTALS WE HAVE OUR OWN LAXMI MITTALS

shahid-khan-pak-ap-670.jpg


Lahore-born entrepreneur among US richest people


LAHORE, Sept 21: Born into a middle class family of Lahore in 1950, today Shahid Khan, now a US national, stands among Forbes’ 2012 list of America’s billionaires. Now he lives in Southwest Florida’s posh beach town of Naples.

Mr Khan owns auto parts supplier Flex-N-Gate and the Jacksonville Jaguars. He ranks 179th on the 2012 Forbes 400 with an estimated net worth of $2.5 billion.

Microsoft Corp co-founder Bill Gates remains the richest man in the US by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.

Though not much information is available about Mr Khan’s life and education in Lahore, according to Forbes magazine his family was in construction business in Lahore when he moved to the United States at the age of 16 to study at the University of Illinois at Urbana–Champaign.

About his early days in the US, the magazine quoted Mr khan as saying that he spent his first night in a $2 per night room at the Champaign YMCA. His first job in the US was washing dishes for $1.20 an hour. He graduated from the UIUC School of Mechanical and Industrial Engineering with a BSc in 1971.

He proved to be a successful entrepreneur when after his university education, Mr Khan invented a new truck bumper design that shaved weight off for fuel efficiency considerations. He never looked back and soon built his company with his $16,000 saving and a bank loan. Soon he developed the company into a $3.4 billion manufacturing juggernaut that supplied the biggest automakers in the world.

Nine months ago, he bought the Jaguars, fulfilling a longtime dream to own an NFL franchise.

Now, Mr Khan is focusing on giving back to his adopted country. He donated $10 million in 2011 to the University of Illinois at Urbana-Champaign.

Back in Lahore, a very few people are aware of Mr Khan’s place on the Forbes list of the 400 billionaires.

“I only know that he is a Pakistani and he has purchased a football team in the US,” said Fawad Asghar, a sports journalist.

According to Muhammad Imran, a business graduate, Mr Khan is a perfect example of brain drain for Pakistanis, and a proof of American dream. He said Mr Khan was giving back to the Americans since the US gave him a lot.

“Pakistan offers opportunities to a few; scores of intelligent people with potential entrepreneur skills on Lahore streets can make to the Forbes list if they are given a chance,” he said.

“Well done, Shahid Khan,” said Shahid Bhatti, also an auto parts dealer on Guru Mangat Road.

He said though he too wanted to manufacture fuel efficient bumpers, the big companies and his financial constraints would never let him fulfill his dream.

“That’s why I am just called Sheeda. I need a chance to be Shahid Khan,” he said.






[URL="http://http://dawn.com/2012/09/08/pak-origin-man-on-forbes-cover/"]http://http://dawn.com/2012/09/08/pak-origin-man-on-forbes-cover/


AND

Sir-Anwar-Pervez1.jpg

Sir Anwar Pervez OBE, HI (Urdu: سر انور پرویز), is a businessman in the United Kingdom. He is the founder and Chairman of Bestway Group.
Contents [hide]
1 Career
2 Awards
3 References
4 External links
[edit]Career

Sir Anwar was born in 1935 and he moved to the UK at the age of 21. In 1963 he established his first convenience store in London’s Earls Court. By the early seventies he had ten well-provided convenience stores in and around West London.
In 1976 Sir Anwar Pervez, opened Bestway’s first wholesale warehouse in Acton, West London. As of 2010 Bestway Cash & Carry is the largest independent wholesale group and 2nd largest wholesaler with 61 Warehouses spread all over the UK.
In 1992, Sir Anwar was made an Officer of the Order of the British Empire O.B.E. and a Knight Bachelor in 1999 in the Queen’s Birthday Honours List for services to business and charity. In 2000, he was awarded the Hilal-e-Pakistan by the Pakistan government for his services to the country.
At the heart of Bestway Group’s philosophy is the desire to help those less fortunate than others by supporting charities and contributing to help the local community. This is manifested in the charter of the Bestway Foundation established by Sir Anwar himself 1987.
In October 2002 Sir Anwar Pervez’s Bestway Group along with High Highness Shaikh Nahyan Bin Mubarak Al-Nahyan’s Abu Dhabi Group successfully bid for a controlling share in United Bank Limited (UBL). Sir Anwar is the Deputy Chairman of United Bank Limited, the Chairman of the Board of Trustees of Bestway Foundation UK and the Patron-in-Chief of Bestway Foundation Pakistan. Sir Anwar is also a Trustee of the Memorial Gates Trust, Crimestoppers and a supporter of UK Charity The Duke of Edinburgh's Award.
Sir Anwar describes himself politically as a Thatcherite. He is a supporter and regular donor to the Conservative party.
[edit]Awards

1992 – Order of the British Empire (O.B.E.)
1999 – Knighthood
1999 – EMMA Business Personality of the Year.
2000 – Hilal-i-Pakistan (H Pk) by the Government of Pakistan.
2001 – Asian Businessman of the Year.
2003 – Barclays Business & Commerce Excellence Award.
2003 – Retail Industry - Life Time Achievement Award.
2004 – Asian Achievers Award.
2005 – Grocer Cup for Outstanding Business Achievement.
2006 – Honoured by the Duke of Edinburgh’s Award Scheme.
2006 – Honoured by HM the Queen for his significant contribution to national life in UK.
2006 – Ernst & Young Master Entrepreneur London Region.
2006 – Siatra-e-Eisaar by the Government of Pakistan.
2006 – GG2 Entrepreneur of the Year.
2006 – Ernst & Young Master Entrepreneur UK.
2012 - University of Bradford, UK - Honorary Graduate


http://http://en.wikipedia.org/wiki/Sir_Anwar_Pervez

and


http://http://www.bluechipmag.com/bc/content_detail.php?content=388
 
.
INDIA HEAR THIS LOUD AND CLEAR WE DO NOT NEED YOUR LAXMI MITTALS WE HAVE OUR OWN LAXMI MITTALS

shahid-khan-pak-ap-670.jpg


Lahore-born entrepreneur among US richest people


LAHORE, Sept 21: Born into a middle class family of Lahore in 1950, today Shahid Khan, now a US national, stands among Forbes’ 2012 list of America’s billionaires. Now he lives in Southwest Florida’s posh beach town of Naples.

Mr Khan owns auto parts supplier Flex-N-Gate and the Jacksonville Jaguars. He ranks 179th on the 2012 Forbes 400 with an estimated net worth of $2.5 billion.

Microsoft Corp co-founder Bill Gates remains the richest man in the US by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.

Though not much information is available about Mr Khan’s life and education in Lahore, according to Forbes magazine his family was in construction business in Lahore when he moved to the United States at the age of 16 to study at the University of Illinois at Urbana–Champaign.

About his early days in the US, the magazine quoted Mr khan as saying that he spent his first night in a $2 per night room at the Champaign YMCA. His first job in the US was washing dishes for $1.20 an hour. He graduated from the UIUC School of Mechanical and Industrial Engineering with a BSc in 1971.

He proved to be a successful entrepreneur when after his university education, Mr Khan invented a new truck bumper design that shaved weight off for fuel efficiency considerations. He never looked back and soon built his company with his $16,000 saving and a bank loan. Soon he developed the company into a $3.4 billion manufacturing juggernaut that supplied the biggest automakers in the world.

Nine months ago, he bought the Jaguars, fulfilling a longtime dream to own an NFL franchise.

Now, Mr Khan is focusing on giving back to his adopted country. He donated $10 million in 2011 to the University of Illinois at Urbana-Champaign.

Back in Lahore, a very few people are aware of Mr Khan’s place on the Forbes list of the 400 billionaires.

“I only know that he is a Pakistani and he has purchased a football team in the US,” said Fawad Asghar, a sports journalist.

According to Muhammad Imran, a business graduate, Mr Khan is a perfect example of brain drain for Pakistanis, and a proof of American dream. He said Mr Khan was giving back to the Americans since the US gave him a lot.

“Pakistan offers opportunities to a few; scores of intelligent people with potential entrepreneur skills on Lahore streets can make to the Forbes list if they are given a chance,” he said.

“Well done, Shahid Khan,” said Shahid Bhatti, also an auto parts dealer on Guru Mangat Road.

He said though he too wanted to manufacture fuel efficient bumpers, the big companies and his financial constraints would never let him fulfill his dream.

“That’s why I am just called Sheeda. I need a chance to be Shahid Khan,” he said.






[URL="http://http://dawn.com/2012/09/08/pak-origin-man-on-forbes-cover/"]http://http://dawn.com/2012/09/08/pak-origin-man-on-forbes-cover/


AND

Sir-Anwar-Pervez1.jpg

Sir Anwar Pervez OBE, HI (Urdu: سر انور پرویز), is a businessman in the United Kingdom. He is the founder and Chairman of Bestway Group.
Contents [hide]
1 Career
2 Awards
3 References
4 External links
[edit]Career

Sir Anwar was born in 1935 and he moved to the UK at the age of 21. In 1963 he established his first convenience store in London’s Earls Court. By the early seventies he had ten well-provided convenience stores in and around West London.
In 1976 Sir Anwar Pervez, opened Bestway’s first wholesale warehouse in Acton, West London. As of 2010 Bestway Cash & Carry is the largest independent wholesale group and 2nd largest wholesaler with 61 Warehouses spread all over the UK.
In 1992, Sir Anwar was made an Officer of the Order of the British Empire O.B.E. and a Knight Bachelor in 1999 in the Queen’s Birthday Honours List for services to business and charity. In 2000, he was awarded the Hilal-e-Pakistan by the Pakistan government for his services to the country.
At the heart of Bestway Group’s philosophy is the desire to help those less fortunate than others by supporting charities and contributing to help the local community. This is manifested in the charter of the Bestway Foundation established by Sir Anwar himself 1987.
In October 2002 Sir Anwar Pervez’s Bestway Group along with High Highness Shaikh Nahyan Bin Mubarak Al-Nahyan’s Abu Dhabi Group successfully bid for a controlling share in United Bank Limited (UBL). Sir Anwar is the Deputy Chairman of United Bank Limited, the Chairman of the Board of Trustees of Bestway Foundation UK and the Patron-in-Chief of Bestway Foundation Pakistan. Sir Anwar is also a Trustee of the Memorial Gates Trust, Crimestoppers and a supporter of UK Charity The Duke of Edinburgh's Award.
Sir Anwar describes himself politically as a Thatcherite. He is a supporter and regular donor to the Conservative party.
[edit]Awards

1992 – Order of the British Empire (O.B.E.)
1999 – Knighthood
1999 – EMMA Business Personality of the Year.
2000 – Hilal-i-Pakistan (H Pk) by the Government of Pakistan.
2001 – Asian Businessman of the Year.
2003 – Barclays Business & Commerce Excellence Award.
2003 – Retail Industry - Life Time Achievement Award.
2004 – Asian Achievers Award.
2005 – Grocer Cup for Outstanding Business Achievement.
2006 – Honoured by the Duke of Edinburgh’s Award Scheme.
2006 – Honoured by HM the Queen for his significant contribution to national life in UK.
2006 – Ernst & Young Master Entrepreneur London Region.
2006 – Siatra-e-Eisaar by the Government of Pakistan.
2006 – GG2 Entrepreneur of the Year.
2006 – Ernst & Young Master Entrepreneur UK.
2012 - University of Bradford, UK - Honorary Graduate


http://http://en.wikipedia.org/wiki/Sir_Anwar_Pervez

and


http://http://www.bluechipmag.com/bc/content_detail.php?content=388

Congratulations :lol:
 
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I would better die before using electricity made by Indians whos goals will be to promote terrorism in Pakistan by secretly funding the bla sla and ttp and spread violence in Pakistan.
 
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It is safer to work with China than to trust Indians in the long run. We have too many issues with India.
 
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India goes around the world begging for investments. Where as 2 bill came to Pakistani doors and they rejected it with pride and people here are justifying it. If Mr. Shahid Khan comes to India tomorrow to manufacture his auto parts here we will accept him with open hands. It is simply unthinkable that India will ever reject investment in any sector unless it is not allowed by policy. We will not make any exceptions for anyone whether he is from Pak or USA or Somalia.

Its a shame that Pakistanis keep proving to the world that they don't need enemies like India. They have idiots who are fully capable to ruin their country.

It is safer to work with China than to trust Indians in the long run. We have too many issues with India.

Hmmm seriously??? Have we even started doing business yet??? World believe opposite..:)
When you do business with India you deal with businessmen not RAW or Army agents. That is a different game don't mix the two.

I would better die before using electricity made by Indians whos goals will be to promote terrorism in Pakistan by secretly funding the bla sla and ttp and spread violence in Pakistan.

You will soon use Indian cars and electricity and Indian Oil. Just wait till our companies enter your market. And there is nothing wrong about it. Competition will promote Pakistani companies to develop.
 
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wtf

why the hell they rejected?

i mean we seriously need investment in thar coal.

the reserve are fcking 185billions tonnes.even 1 trillion dollars investment is nt enough to extract them out completely

it was good for pakistan and thar coal future
 
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can someone go to SC to challenge this decision, on grounds of inviting FDI to the country?

of Course Najam Sethi and Asma Jahangir Will Be More Than Happy To Do This For You
 
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wtf

why the hell they rejected?

i mean we seriously need investment in thar coal.

the reserve are fcking 185billions tonnes.even 1 trillion dollars investment is nt enough to extract them out completely

it was good for pakistan and thar coal future


Do Not Worry Yar Investments Are Coming From Everywhere

China and UK

http://www.google.com/url?sa=t&rct=...vkIHmgxQMvjE5tOR0FNNg&bvm=bv.1355325884,d.Yms

Australia

http://pakistan.onepakistan.com.pk/news/city/karachi/155875-high-powered-chinese-delegation-briefed-on-thar-coal-projects.html

http://http://dawn.com/2012/07/15/chinese-firm-plans-thar-coal-mining-in-october/


Australia

http://www.google.com/url?sa=t&rct=...-TDmECGwFbAVgWh8vL6eg&bvm=bv.1355325884,d.Yms

Even United States

http://www.google.com/url?sa=t&rct=...kw2hyX-_DG-2ZvysIyKYQ&bvm=bv.1355325884,d.Yms

Even Our Own Engro

http://www.google.com/url?sa=t&rct=...ehwsAsLkG13PnBLn7C25w&bvm=bv.1355325884,d.Yms


You Know When Indian SAIL led Consortium Won The rights to Hajigak Iron Ore Reserves In Afghanistan They Sweetened The Deal By Offering To Set Up A Steel Mill There Perhaps That Is What We Should Negotiate With Laxmi Mittal You Know To Make It Worthwhile

http://www.google.com/url?sa=t&rct=...gnmAc361PGYBPVqe6hs1Q&bvm=bv.1355325884,d.Yms
 
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WTH? who rejected this offer? I mean, again we are planning to go to IMF, isn't it good if we get dollars from investors? Seriously not a good decision... Talk to them, discuss your concerns, make them accept few conditions and let them work.
 
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WTH? who rejected this offer? I mean, again we are planning to go to IMF, isn't it good if we get dollars from investors? Seriously not a good decision... Talk to them, discuss your concerns, make them accept few conditions and let them work.

We Should Not Become Just Another Third World Raw Material Exporter.We Should Use This To Energize Our Own Industry and Export Value Added Products
 
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We Should Not Become Just Another Third World Raw Material Exporter.We Should Use This To Energize Our Own Industry and Export Value Added Products

Sir 170-180 billion ton, they are not taking all, are they? That is a big site, you do your own work and let others do what they get from PK govt. As I said you have the coal you can put some conditions. Get the money and start Dimer Bhasha or at least same money can be invested in Power generation....
 
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We Should Not Become Just Another Third World Raw Material Exporter.We Should Use This To Energize Our Own Industry and Export Value Added Products

EXACTLY - PK just needs to take an initiative.
 
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WTH? who rejected this offer? I mean, again we are planning to go to IMF, isn't it good if we get dollars from investors? Seriously not a good decision... Talk to them, discuss your concerns, make them accept few conditions and let them work.

IMF is the International lender of last resort.No one goes to them unless all other options are exhausted.Basically its like going to an international loan shark!!

Pakistan desperately needs FDI to pick up the economic growth,I think this was a bad decision.
 
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Sir 170-180 billion ton, they are not taking all, are they? That is a big site, you do your own work and let others do what they get from PK govt. As I said you have the coal you can put some conditions. Get the money and start Dimer Bhasha or at least same money can be invested in Power generation....

Good Point read the last part of post#144 we should make the deal worth our while and considering that investment offers are coming from everywhere we can. But We Have Issues With That Country and Old Feelings Die Hard
 
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