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EDITORIAL |
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Please adopt a
National Agenda |
Pakistan, at present, is
passing through the most difficult economic situation
of its history. Political and economic instability has
adversely affected its currency as well as the
exchange rate since 2007 which has a multiplier effect
on economic development in the country consequently
adding to Poverty and unemployment numbers. According
to an estimate poverty level sharply increased from
37.5 percent to 41.4 in 2008-09 these figures sending
a bad message about the image of the country.
Pakistan has not only lost precious lives and
infrastructure but suffered huge economic cost of the
war on Terrorism. The rapid increase in international
oil and food prices in 2008-09 and the world financial
crisis not only affected Pakistan but also increased
the number of poor and vulnerable.
Looking at the factors behind economic plight of the
country one comes to the conclusion that the most
damaging factor was energy chaos and its
mismanagement. Energy which is the driver for growth
had a widespread impact on all socio-economic fronts
of the country while excessive politicization of the
agriculture is another factor for creating engineered
shortage of food items and price inflation behind the
reach of the common man. There is no second opinion
that the US sponsored war on Terror was the mother of
all economic ills in Pakistan. Being a crucial member
in war against Terrorism Pakistan has paid much more
than actual. Its participation in the war on terror
has affected Pakistan defense, strategic concern and
economic condition. According to estimates during this
decade in the name of War on Terror Pakistan suffered
loss of 2080 billion dollars......................more |
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NEW
COMER |
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The Revolution
begins |
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it was a
challenging project for N.J. Auto Industries
who decided to give
a prime product to local market as per
international standards and now soon after the
launch of new Super Power DELUXE SP-70 cc it
was noticed that customers taking a lot of
interest into this new motorcycle. That's why
keeping in mind the demand & supply factor the
company has to re-adjust its production
schedule and trying to meet the ever rising
demand in appropriate time |
 N.J
Auto Industries (Pvt) Ltd, is a Pirani Group
Company that started its journey in 2005 with the
aim to offer high quality Super Power auto
products with sound service backup at a very
reasonable prices to Pakistan Auto market.
As the time passes, progress of Pirani Group in
general and Super Power Products in particular,
looks that with passion, determination and ability
to maintain a high level of customer confidence.
Super Power products have attained a very high
degree of likeliness in the hearts & minds of
whole motorcycle, rickshaw and spare parts market.
Business History reveals that success becomes fate
of those enterprises that believe in maintaining
quality at every end, inspire its stakeholders
with best services of all kinds and makes right
decisions at appropriate timing and thus takes
lead in offering uniqueness, style and comfort to
its customers.
Boosted with a high level of confidence by the
success of all models of SUPER POWER Motorcycle,
N. J. Auto Industries (Pvt) Limited has launched a
very stylish, powerful & newly designed Super
Power Deluxe motorcycle in 70 cc displacement in
Pakistan market recently.........................more |
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INTERVIEW |
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EPZA earns Rs 300
million |
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Exclusive
Interview with Aftab Ahmed Memon
Chairman, Export Processing Zones Authority by
Nasir Mahmood
 Aftab
Ahmed Memon, Chairman, Export Processing Zones
Authority (EPZA) in his exclusive interview
disclosed that Federal Government had a one time
investment of Rs365 million in 1982 when EPZA was
formed. After that initial investment this had
become self sustained authority. Our annual budget
is ranging between Rs300 million incomes and Rs220
million expenditures. Hence, we are saving 60 to
80 million rupees per annum. Our investment
portfolio is now over a billion rupees. In this
year we have crossed the billion marks.
In addition to phase I, we have created our second
assets of phase II with investment of 650 million
rupees without demanding a single rupee from
government. In Presidential package we have
contributed Rs360 million from EPZA account. Today
our reserve fund is about Rs1.21 billion. During
last financial year we had saved Rs70 million
while in current fiscal year we will save about
120 to 140 million rupees due to better financial
discipline. Our major source of income is ground
rent, and we collect 0.5 percent of the FOB value
of total exports from our zone as service charges.
Replying to various queries he said; I am totally
against the culture of painting rosy picture of my
organization. During last ten months of my tenure
in EPZA all the parameters are encouraging. In my
vision we are the only public sector organization
which has placed its budget on its website we are
also placing our income & expenditure account at
the website for the sake of transparency. Though
it was very difficult decision and I faced strong
opposition but I decided at my own. I want to be
clean-handed and with open policy for all
visitors...........................more |
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TRUCKS & BUSES |
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World Environment
Day Celebration at Hinopak |
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 Hinopak
Motors Limited together with Total Atlas
Lubricants Pakistan (Pvt) Ltd. celebrated World
Environment Day with great zeal and enthusiasm.
Dr. Moazzam Ali Khan, Director Institute of
Environmental Studies of Karachi University was
the Guest of Honor.
Dr. Moazzam Ali Khan appreciated efforts made by
Hinopak in promoting environmental preservation
and admired the student projects inculcating
awareness on various environmental aspects of
daily life. The Deputy Managing Director, Hinopak,
Takeshi Ito, highlighted the importance of clean
and safe environment and added that Hino Motors,
Japan is totally committed for environmental
preservations and is continuously striving to
produce environmental friendly vehicles.
Mohammad Irfan Shaikh, Director Sales & Marketing,
Hinopak emphasized that as per the mission of
company, Hinopak Motors Limited is committed to
provide the society with safe, economical,
comfortable and environment friendly means of
transportation by manufacturing and supplying
commercial vehicles and services.
Syed Arshad Ali, General Manager, Product Support
Division said that Hinopak is doing its best to
help its customers in maintaining their vehicles
in best tuned conditions to mitigate air
pollution. In the end, awards were distributed to
school children of PECHS Girls school. Milestone
school and S.I.T.E Model school who
enthusiastically participated in the POSTER
COMPETITION. |
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TRUCKS & BUSES |
Hinopak
Parts & Service Dealers’ Conference-2010 |
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 Hinopak
Parts & Service Dealers' Conference 2010 held at
Hinopak recently. Main objective of the conference
was to analyze the strategies for providing the
best after sales support services to Hino
customers. The conference was attended by senior
management of Hinopak, all authorized 3S, 3S LCV
and 2S dealers and representatives of Hinopak Area
Offices.
H. lijima, Managing Director & CEO, Hinopak
inaugurated the conference and assured the dealers
of full support of Hinopak and also requested all
dealers for their suggestions and regular
feedback.
T. Ito, Deputy Managing Director highlighted that
during current financial crisis both Hinopak and
Dealers should work jointly to improve customer
satisfaction. He assured all the dealers of
Hinopak's fullest support to achieve customers'
satisfaction.
Muhammad Irfan Shaikh, Director Sales & Marketing,
said that in this intensive competitive
environment and bad economic situation we should
strive to take care of our valuable customers
aiming that our customers are able to use their
Hino products without interruption.
S. Arshad Ali, General Manager, Product Support
Division advised for enhancement of Hino Brand
value by providing customer support services with
promptness and courtesy that would give customers
peace of mind for many years to come. Number of
presentations was made by Dealers & Product
Support Division on various topics in which they
highlighted "How to promote the dealership
activity and make the Hino Customer Satisfied". |
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AVIATION |
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PIA extends services
in health care |
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 PIA-
The National Flag Carrier signed an Mou with The
Association of Physicians of Pakistani Descent in
North America, Chicago (APPNA) for facilitation of
Heath Care Services in Pakistan.
The Mou was signed by Managing Director PIA,
Captain Muhammad Aijaz Haroon and Dr. Mushtaq
Sharif, Chairman -Office Management Committee of
APPNA at a ceremony held at Chicago, USA.
Under the agreement, PIA and APPNA agreed upon
mobilizing their resources to offer better and
quality medical care in Pakistan.
PIA will facilitate transportation of medical
supplies including medicines, medical equipments
and books from North American Destinations to
Pakistan.
Whereas APPNA will offer their services in the
form of volunteer physicians, technical and
consultation support to various charitable
projects in Pakistan including designated health
care projects of PIA. |
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PIA was awarded ISO
9001:2008 certificate. Deputy Managing Director PIA,
Saleem Sayani is seen receiving the certificate from
the Chief Executive of Bure Verites, Abdul Kalam
Siddiqi at a ceremony held at PIA Training Centre (PTC).
Also seen the Senior General Manager PTC, Khalid
Ifitikhar and Principal PTC, Younus M. Khan. Bureau
Veritas provides ISO9001:2008 certification through a
very intesive proces of quality management and audits.
This Certification is recognized by more than 40
accreditation bodies worldwide. The certificate
project for PTC was initiated in March 2009. This
certificate is an International Standard related to
quality management, applicable to any organization
from all types of business sectors and activities. |
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AVIATION |
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PIA award
Certificates to Ariana Afghan Airways |
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Pakistan International Airlines (PIA) and the PIA
Training Centre (PTC) awarded certificates and
souvenirs to Ariana Afghan Airways Cargo Personnel
on the successful completion of training conducted
by PTC about cargo handling.
During this training course the participants were
trained to handle the basic cargo goods,
perishable goods, dangerous goods and live stock
transportation. The first batch attended the
course from 6th April 2010 till 29th April 2010.
PIA will continue conducting advance training of
cargo handling for Ariana Afghan Airways.
Speaking on the occasion, Director Training and
Development PIA, Dilawar Fareed Beg said that PIA
had signed a MOU with Ariana Airways to provide
any technical and operational training required by
the airline. PIA will conduct A-310 type technical
training to the Afghan airlines on their request.
The next training plans for Ariana also includes
e-ticketing and IT information based courses in
order to bring the airline according to the
international requirements. He explained that PIA
is also negotiating with Nepal Airline and Budha
Airline, based in Nepal, for different training
courses. PIA is providing training to Airlines of
the region at 50% discounted rates which is lowest
in the region. Participants of the course
expressed their gratitude and satisfaction on
completion of the course. |
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Karachi Port Trust
Deprived of Rs 8.2 billion |
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The Income Tax
Department forcibly transferred Rs 8.2 billion
from Habib Bank KPT Branch on the evening of 9th
June 2010. This was the worst ever financial
terrorism by the Income Tax Department against a
federal government organization and just to show
their so called income tax recovery efficiency,
sources said.
The sources told that KPT management had decided
to file a reference in the High Court of Sindh for
recovery of the amount forcibly taken by FBR on
09-06-2010 and for obtaining a restraining order
that no coercive action would be taken against KPT
for the recovery of any other amount till further
decision. It may be mentioned that KPT is already
in execution of major development projects costing
billions of rupees for economic development of
country and bringing direct foreign investment.
Such type of harassment of imposing income Tax on
a federal Govt. organization may hamper the
investment process.
It is also the breach of contract by a reputable
bank like Habib Bank as far as drawing cash and
encashment of TDRs are concerned which the bank
has done without consent of KPT or even informing
the organization. A notice No.OIR-10/Inland
Revenue/D-IV/2010/523 dated 09-06-2010 was issued
to the Branch Manager of Habib Bank Limited (HBL),
KPT Branch, by an officer of Federal Board of
Revenue. In this notice the branch manager was
directed to attach bank accounts of KPT and remit
an amount of Rs 8,224,772,750/- under Section 140
of the Income Tax Ordinance 2001 through pay order
to the Government Treasury under the head of
Income Tax..........................more |
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NEWS |
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J. Pereira
elected by CILT |
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 The
Chartered Institute of Logistics and Transport (CILT)
Pakistan, whose head quarter is based at London,
UK held its 19th Annual General Meeting (AGM) at
the KPT Staff College Auditorium in Lalazar on
Thursday, May 27, 2010 at 4.00 PM.
J. Pereira, Deputy General Manager, Customer
Services and Training of the Product Support
Division of Hinopak Motors Limited was elected
unopposed Member of the Council Executive
Committee of the Chartered Institute of Logistics
and Transport, Pakistan (Road Transport Sector)
for the year 2010-2011...........................more |
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For
more news, reports, local & imported vehicle market
prices......Click here |
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