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Infrastructure Development in Pakistan

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Hardees in Islamabad:

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United States Ambassador to Pakistan Cameron Munter having a meal with his wife and colleagues at Hardees on Saturday.




Hardees in Lahore:
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British high street brand arrives in Karachi at Park Towers. PHOTOS: PUBLICITY


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KARACHI: The ‘Next’ big thing to hit Karachi is the Next store in town. The British high street fashion brand, that has been operating in the UK since 1982, first stepped into the Pakistani market in Lahore in 2007. Today, the brand has three outlets in the same city.

The fourth store has now been launched in Karachi. The opening ceremony took place on March 12, at Park Towers. The shop features a collection of men, women and children’s apparel. It also stocks shoes among other accessories.

Sharing the details of the project, the managing director of Next, Pakistan, Yasin Paracha said: “We have our presence the world over. As far as Pakistan is concerned, we first launched an outlet in Lahore and today there are as many as three stores of the brand present in the same city. This is our fourth operation in the country, though the first to be based here in Karachi. We plan to open more stores in this city in the future.”

Spotted at the launch event was British Deputy High Commissioner Robert Gibson who has less than three weeks left to complete his tenure in Pakistan. Throughout his stay, Gibson has encouraged several British investments in Pakistan, starting from Toni&Guy and their diffusion brand Essensuals.

Talking to The Express Tribune, Gibson said: “This is a high street brand, which is classic, young and trendy.” He still wants more UK-based companies to set their mark in Pakistan. “I want to see more British companies investing in Pakistan,” he said.

Among the guests was Farahnaz Sheikh with her two kids. As a loyal Next customer, Sheikh feels happy to have the brand’s outlet in town. Talking about the brand, she said: “I like this brand a lot, it offers high street fashion at an affordable price for small kids and ladies alike. Before, I use to travel all the way to Lahore to get stuff but now that will not be the case.”

The event was attended by celebrities like Saeeda Mandviwalla of Essensuals Pakistan and Fareshteh Aslam, brand and external communications manager, Unilever, Pakistan.

The brand has started off in Karachi with the collaboration of Pakistan’s brand retailer TeamAVentures, that had been the sole franchiser for Next since 2007.

Up Next – The Express Tribune
 
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Pakistani restaurant BundooKhan to expand in UAE
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The CEO of Global Hotels Management has announced expansion plans for the traditional Pakistani restaurant, BundooKhan, with an AED 25 million (US $6.8 million) investment over two years.

Masood Hashim has revealed that, among others, sites have been planned for Ras Al Khaimah in February, folowed by one in Global Village, Dubai, one in Abu Dhabi and another in Juba, South Sudan.

Khan told Caterer: “The first outlet we opened in Dubai cost us AED 3 million (US $817000) because it was our first one and we learnt a lot from it. On the next ones we are spending AED 2.5 million (US $680000) each, and opening 10 in two years.

“In five years we have ambitious plans to expand outside of the GCC, into Europe and the US. We already have interest from a major UK supermarket who wants to stock our products too. There are a lot of people coming here from overseas and making enquiries about the restaurant.

“It’s an interesting restaurant platform. BundooKhan has been going in Pakistan for more than 60 years. I remember it from my childhood, and so does my father.

“I think there’s definitely a gap in the UAE market for fine dining Pakistani food. There’s a lot of Pakistani food around here, but not fine dining.

“BundooKhan is not expensive for people to come and eat here. It started as street food.”

Masood Hashim set up Global Hotels Management with the vision to diversify into products and services. The original Dubai BundooKhan is situated in Clover Creek Hotel Apartment, Deira.

Pakistani restaurant BundooKhan to expand in UAE | HotelierMiddleEast.com
 
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Rs9bn WB funds for KPT


Minister for Ports and Shipping Senator Babar Khan Ghauri said at ground breaking ceremony that the World Bank funding of Rs9 billion for reconstruction of six berths at the Karachi Port is a strong indicator that vibrant institutions, such as KPT, are not on the negative list of world financial institutions.

He said most of the institutions, run by the Ministry of Ports and Shipping, including Pakistan Shipping Corporation (PNSC), KPT and Port Qasim, are making huge profits and are actively contributing to economic growth.

Speaking at the ground-breaking ceremony for the project of reconstruction of berths 15 to 17A, including ship repair berths, 1 and 2, where the prime minister was the chief guest, the minister said that these institutions have made huge profit of Rs18 billion in the last financial year.

He further said that if people work hard, all growth targets could be achieved.

Such achievements, the minister said, are a ray of hope for the nation, particularly when huge national institutions, like Pakistan International Airlines, Pakistan Steel and Railways, etc., are not only incurring huge losses but are also on the verge of collapse.

He disclosed that the Ministry of Ports and Shipping had constructed a civic centre at Gwadar port and hoped that Prime Minister Yousuf Raza Gilani would inaugurate it next month.


The secretary of ports and shipping, Agha Syed Raza Qazilbash, said that 922-meter long berths having 16-meter depth would provide berthing to post Panamax container vessels having 70,000dwt weight, 280 meters length and 13.8 meters draft.

Similarly, he said bulk carriers having 100,000dwt weight, 255 meters length and 15.3 meters draft would also be berthed.

KPT chairman Mohammad Aslam Hayat said that the KPT attracted $1 billion direct foreign investment (***) during the last four years.

Such mega projects, including deep water container port, attracted *** to the tune of $457 million and $105 million for Karachi International Container Terminal.

The KPT also received $75 million in respect of Pakistan International Container Terminal and Rs1 billion for development of KPT food street.

He further said that in order to improve operational capability of the port, KPT recently acquired two shipping tugs worth Euro 16.20 million, one dismountable dredger costing Euros 2.23 million and also added two pusher tugs, costing Rs369.09 million to its fleet.

Aslam Hayat said that the KPT is well aware of its social obligation towards city and recently purchased two passenger boats for commuters between Karachi and Manora at a cost of $2.345 million each.

Similarly, he said KPT plans to construct Karachi Harbour Crossing bridge, which will ease traffic congestion in the city by providing connectivity with Northern Bypass and Lyari Expressway via Manora and a cargo village is also being constructed at an estimated cost of $600 million for which financing has been sought from Asian Development Bank.

The KPT, he said, also plans to develop recreational facilities at Oyster Rock breakwater for citizens of Karachi.


Rs9bn WB funds for KPT berths reconstruction | Business | DAWN.COM
 
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