Pakistan's Infrastructure & Development- Updates & Discussions.

[fatman17]

Thursday, February 28, 2013



NESPAK wins $500m Afghan dam project


LAHORE: NESPAK a state organisation of consulting engineers has achieved a breakthrough by securing a dam project in Afghanistan. According to a press release on Wednesday, NESPAK is the first Pakistani firm, which would design the dam on the Farah River in Bakhshabad. The representatives of the Ministry of Water and Energy government of Afghanistan and NESPAK signed the contract agreement of the project. The $500 million Bakhshabad (Farah Rud) Dam Project consists of a dam, a powerhouse, appurtenant structures, a barrage 60 kilometers downstream of the Dam, left and right main irrigation canals and irrigation command area. NESPAK will provide services for detailed design, tender drawings and preparation of bidding documents. The Ministry of Water and Energy Afghanistan has termed the project as the first of its kind by a Pakistani company in Afghanistan. The dam will be financed by the Afghan government funds, once completed the project is expected to meet all the irrigation and energy needs of Farah province. The Dam’s storage capacity will be more than one billion cubic meters. At the same time, it can irrigate more than 68,000 acres of agricultural land and produce about 27 megawatts of electricity, which can meet the electricity needs of Farah province, said Muhammad Ismail Khan Minister of Energy and Water Afghanistan. It is a great honour for Pakistan NESPAK has won this mega project through an international open competition, which shows Company’s recognition as a world-class consultant, not only in Pakistan but abroad as well. About 545 large, medium and small dams will be built or refurbished across Afghanistan. About 111 of these dams are a priority for the Ministry. staff report


WoW!

 

[fatman17]

Indus Motors to manufacture Fortuner locally

28 February, 2013



KARACHI: The Indus Motor Company (IMC) has announced that the company's new locally assembled Fortuner will be launched on March 8, 2013 in Pakistan.

KARACHI: The Indus Motor Company (IMC) has announced that the company's new locally assembled Fortuner will be launched on March 8, 2013 in Pakistan. The new sport utility vehicle (SUV) price would be around Rs 5.2 million, this was revealed in Toyota's briefing with analysts.

Although imported Fortuner is already available in Pakistan as IMC started importing the Fortuner in 2009 but for the first time Toyota assembled it locally and it would be available in the first week of March 2013, according to an analyst.

The locally-assembled SUV will be 37 percent cheaper than the imported Fortuner as the local one costs Rs 5.2 million while the imported one is for Rs 8.2 million.

The specifications of new Pakistani Fortuner 2013 are 2.7 Vvtipower seats, leather seats, alloy rims, DVD, NAV, BVC, wooden panels, fog lamps and multimedia steering. IMC has started booking for the new SUV.

It is pertinent to mention here that Toyota has already launched a five-speed automatic version of the Fortuner SUV in India for around 2.2 million rupees this January. In Thailand where it is most popular, the Fortuner SUV is offered with two diesel engines, a 3.0-liter unit producing 163HP and a 2.5-litre delivering 144-horses, and a 2.7-litre gasoline unit rated at 160-horsepower.

Moreover, IMC anticipated sales of 2,000 units of Fortuner in the year, management has planned capital expenditure of Rs 6 billion in fiscal year 2013-14 with the yearly ratio of 30-70 percent, respectively. The planned capital expenditure is mainly on account of Toyota Corolla's new model launch, said an analyst.

IMC will not expand their production capacity in near future as company is meeting demand and supply of Corolla car in manufactured in Pakistan, current capacity remains 100 percent, analyst further said.

Management of IMC told analysts that automakers in Pakistan are willing to have two way trades with India and in this regard government of Pakistan and automakers of Pakistan jointly have put into words to government of Japan to enforce the two way trade with India.

IMC management continued to pose influx of imported car as a threat. In this regard, as of December 2012, approximately 80,000 units of cars were imported in first half of fiscal year 2012-13.Given that, and along with the current inventory situation of used cars (approximately 20,000-25,000), the magnified impact of the Economic Coordination Committee's (ECC) decision of reduction in the age limit to three years would be evident in FY14, IMC told the analysts.

The IMC's other income declined significantly by 48 percent on yearly basis. This decline was mainly due to lower interest income on cash deposits, along with the lower advances from customers due to depressed sales by the company during first half of FY13, the analyst added.

Highlight :

Imported Rs 8.2m

Local Rs 5.2m

Difference 37%

 

[Argus Panoptes]

Indus Motors to manufacture Fortuner locally

28 February, 2013



KARACHI: The Indus Motor Company (IMC) has announced that the company's new locally assembled Fortuner will be launched on March 8, 2013 in Pakistan.

KARACHI: The Indus Motor Company (IMC) has announced that the company's new locally assembled Fortuner will be launched on March 8, 2013 in Pakistan. The new sport utility vehicle (SUV) price would be around Rs 5.2 million, this was revealed in Toyota's briefing with analysts...........................

Highlight :

Imported Rs 8.2m

Local Rs 5.2m

Difference 37%

The title says the Fortuner will be "manufactured". The report says it will be "assembled". That is an important difference. Which one is true?

 

[RazorMC]

The title says the Fortuner will be "manufactured". The report says it will be "assembled". That is an important difference. Which one is true?

Assembly is the right word. True manufacturing is out of the question as long as our administration keeps it eyes shut to the rest of the world's progress.

 

[Argus Panoptes]

Assembly is the right word. True manufacturing is out of the question as long as our administration keeps it eyes shut to the rest of the world's progress.

So the headline is misleadingly incorrect. Why do we claim to manufacture something we clearly do not?

 

[RazorMC]

So the headline is misleadingly incorrect. Why do we claim to manufacture something we clearly do not?

"Manufacturing" sells a lot more news than another "assembled" car.
Blame the media

On a serious note though, our manufacturing industry is still poorly developed despite 6 decades of independence.
Shifting our attention away from agriculture/textile towards manufactured goods/electronics will have a much better effect on the economy IMO.

 

[darkinsky]

assembly is no big deal...........

 

[Edevelop]

Thursday, February 28, 2013



NESPAK wins $500m Afghan dam project


LAHORE: NESPAK a state organisation of consulting engineers has achieved a breakthrough by securing a dam project in Afghanistan. According to a press release on Wednesday, NESPAK is the first Pakistani firm, which would design the dam on the Farah River in Bakhshabad. The representatives of the Ministry of Water and Energy government of Afghanistan and NESPAK signed the contract agreement of the project. The $500 million Bakhshabad (Farah Rud) Dam Project consists of a dam, a powerhouse, appurtenant structures, a barrage 60 kilometers downstream of the Dam, left and right main irrigation canals and irrigation command area. NESPAK will provide services for detailed design, tender drawings and preparation of bidding documents. The Ministry of Water and Energy Afghanistan has termed the project as the first of its kind by a Pakistani company in Afghanistan. The dam will be financed by the Afghan government funds, once completed the project is expected to meet all the irrigation and energy needs of Farah province. The Dam’s storage capacity will be more than one billion cubic meters. At the same time, it can irrigate more than 68,000 acres of agricultural land and produce about 27 megawatts of electricity, which can meet the electricity needs of Farah province, said Muhammad Ismail Khan Minister of Energy and Water Afghanistan. It is a great honour for Pakistan NESPAK has won this mega project through an international open competition, which shows Company’s recognition as a world-class consultant, not only in Pakistan but abroad as well. About 545 large, medium and small dams will be built or refurbished across Afghanistan. About 111 of these dams are a priority for the Ministry. staff report


WoW!

Great to hear !

 

[Jango]

Everybody, quick see Geo news....press conference of Malik Riaz and a US investor coming live...Bahria Town and the US company will construct a offshore island 3 km away from the shore of Karachi...to be named as Buddha Island city. Kind of like the Dubai Palm Jumeirah.

Let's see what becomes of this project. Let's hope it doesn't turn out to be like the Karachi tower!

It certainly has credibility since a press conference is live.

 

[Sugarcane]

Everybody, quick see Geo news....press conference of Malik Riaz and a US investor coming live...Bahria Town and the US company will construct a offshore island 3 km away from the shore of Karachi...to be named as Buddha Island city. Kind of like the Dubai Palm Jumeirah.

Let's see what becomes of this project. Let's hope it doesn't turn out to be like the Karachi tower!

It certainly has credibility since a press conference is live.

Bhai - Malik Riaz ki koi credibility bachi hai????

 

[Jango]

Geo News Live | Geo Tv Live | Watch Geo News | Live Geo Streaming

Bhai - Malik Riaz ki koi credibility bachi hai????

It's a live press conference...the US investor is present there and all. THe contract is being signed now...let me get some more info on the investor.

As for the tallest tower thing with the UAE company...that was definitely hijacked by politicians.

Other than politics, I am a fan of Malik Riaz. He has brought some pretty fantastic developments in the country and made some good projects. There ain't no place like Bahria town in Pakistan at the moment IMO.

 

[Jango]

Thomas Kramer - Wikipedia, the free encyclopedia

This is the guy who was there.

TBH, his portfolio doesn't look too promising.

 

[Sugarcane]

@nuclearpak - bro that's MoU not contract, even you can sign a MoU of this kind if you have some links.

 

[Jango]

@nuclearpak - bro that's MoU not contract, even you can sign a MoU of this kind if you have some links.

Atleast this shows that Bahria Town is after something.

 

[Sugarcane]

Atleast this shows that Bahria Town is after something.

IMHO - Bahria Town is not after something, apparently Malik Riaz want to jump into international waters and play roles in bigger dramas like memo case.