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Govt working on new railway tracks under CPEC: report
By News Desk
Published: December 20, 2015
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PHOTO: Radio Pakistan
The government has planned major installation and upgradation of railway tracks under the China-Pakistan Economic Corridor, Radio Pakistan reported on Sunday.
Under the plan, new railway tracks will be laid from Gwadar to Quetta and Jacobabad via Besima.
Five hundred and sixty kilometres of track will be laid from Bostan to Kotla Jam on Main Line-II via Zhob and Dera Islamil Khan, while 682km of track will be laid from Havelian to Khunjrab, the state-run broadcaster’s website said.
ECNEC says yes to Neelum-Jhelum, CPEC road projects
Upgradation of 1,872km of railway track from Karachi to Peshawar via Kotri, Multan, Lahore, and Rawalpindi (including Taxila-Havelian) – along with dualisation of track from Shahdara to Peshawar – will also be carried out.
Some 1,254 kilometres of railway track from Kotri to Attock City via Dadu, Larkana, Jacobabad, DG Khan, Bhakkar, Kundian will also be upgraded.
Further, the government on Saturday gave its final go-ahead to four mega projects, including two road construction schemes under the China-Pakistan Economic Corridor (CPEC) at a revised cost of Rs862 billion – Rs214 billion or one-third higher than original estimates.
Govt green-lights three CPEC projects at 23% higher cost
The Executive Committee of National Economic Council (Ecnec) approved the 969-megawatt Neelum Jhelum Hydropower project as well as CPEC’s 118-kilometre long Havelian-Thakot and 392-km Sukkur-Multan section roads. It also approved the National Highway N-70 East-West Road Improvement Project.
Suzuki links plan to replace Cultus, Mehran with incentives
By Zafar Bhutta / Creative: Asad Saleem
Published: December 20, 2015
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Suggests curbs on used car imports, hefty cut in duties on auto parts. DESIGN: ASAD SALEEM
ISLAMABAD:
Suzuki Motor Corporation, which is shaping a plan to introduce two new car models in the Pakistan market and replacing the Mehran and Cultus variants, has pressed the case for incentives for existing industry players in the proposed new auto policy including a restriction on import of used cars and a major cut in import duties.
In a letter sent to the Ministry of Industries and Production, Suzuki Motor Corporation said it planned to introduce four new vehicle models including the replacements of Mehran and Cultus in the next five years with an investment of $110 million.
Suzuki considering two new models for Pakistan
The company, which produces cars in Pakistan under the joint venture Pak Suzuki Motor Company (PSMC), has acquired 77 acres of land for a new plant, which will require an investment of around $350 million.
However, the capital injection has been linked with the offer of some incentives in the new auto policy.
Suzuki suggested that there should be 10% import duty on auto parts and components including Amax quality parts and on parts for cars of over 1,000cc engine capacity 25% duty should be applicable.
It said the government should restrict the import of all used cars in a bid to stop misuse by traders of the facility provided to overseas Pakistanis. This, the company believes, will help promote and increase the production and sale of vehicles, particularly new models, as well as encourage auto part manufacturers to come to Pakistan.
Suzuki was of the view that the current 32.5% import duty on normal parts and 50% on Amax parts inflated the cost of purchase compared to other countries. “Unnecessarily higher import duties result in a rise in cost and prices of locally produced cars; it also results in lower sale of cars in the country.”
“Also it is difficult to localise Amax parts as new technology is required which is not available in Pakistan,” Kinji Saito, Managing Officer of Suzuki Motor Corporation and chairman of PSMC, said in the letter addressed to Industries and Production Minister Ghulam Murtaza Khan Jatoi.
Pak Suzuki posts whopping increase in profit
Saito suggested preferential incentives for manufacturing small cars as these made a vital contribution to saving energy, creating a better environment and restricting foreign currency outflow.
“In relation to human resource, we will continue training courses for employees of Pak Suzuki in Japan and development of mechanics for the dealership tied up with the Aman Institute of Vocational Training,” he said.
“We are also going to cooperate with the Small and Medium Enterprises Development Authority in enhancing the level of vending industry in Pakistan through a four-year technical transfer project,” which will be implemented by the Japanese International Cooperation Agency (Jica).
Published in The Express Tribune, December 20th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
By News Desk
Published: December 20, 2015
13SHARES
SHARE TWEET EMAIL
PHOTO: Radio Pakistan
The government has planned major installation and upgradation of railway tracks under the China-Pakistan Economic Corridor, Radio Pakistan reported on Sunday.
Under the plan, new railway tracks will be laid from Gwadar to Quetta and Jacobabad via Besima.
Five hundred and sixty kilometres of track will be laid from Bostan to Kotla Jam on Main Line-II via Zhob and Dera Islamil Khan, while 682km of track will be laid from Havelian to Khunjrab, the state-run broadcaster’s website said.
ECNEC says yes to Neelum-Jhelum, CPEC road projects
Upgradation of 1,872km of railway track from Karachi to Peshawar via Kotri, Multan, Lahore, and Rawalpindi (including Taxila-Havelian) – along with dualisation of track from Shahdara to Peshawar – will also be carried out.
Some 1,254 kilometres of railway track from Kotri to Attock City via Dadu, Larkana, Jacobabad, DG Khan, Bhakkar, Kundian will also be upgraded.
Further, the government on Saturday gave its final go-ahead to four mega projects, including two road construction schemes under the China-Pakistan Economic Corridor (CPEC) at a revised cost of Rs862 billion – Rs214 billion or one-third higher than original estimates.
Govt green-lights three CPEC projects at 23% higher cost
The Executive Committee of National Economic Council (Ecnec) approved the 969-megawatt Neelum Jhelum Hydropower project as well as CPEC’s 118-kilometre long Havelian-Thakot and 392-km Sukkur-Multan section roads. It also approved the National Highway N-70 East-West Road Improvement Project.
Suzuki links plan to replace Cultus, Mehran with incentives
By Zafar Bhutta / Creative: Asad Saleem
Published: December 20, 2015
36SHARES
SHARE TWEET EMAIL
Suggests curbs on used car imports, hefty cut in duties on auto parts. DESIGN: ASAD SALEEM
ISLAMABAD:
Suzuki Motor Corporation, which is shaping a plan to introduce two new car models in the Pakistan market and replacing the Mehran and Cultus variants, has pressed the case for incentives for existing industry players in the proposed new auto policy including a restriction on import of used cars and a major cut in import duties.
In a letter sent to the Ministry of Industries and Production, Suzuki Motor Corporation said it planned to introduce four new vehicle models including the replacements of Mehran and Cultus in the next five years with an investment of $110 million.
Suzuki considering two new models for Pakistan
The company, which produces cars in Pakistan under the joint venture Pak Suzuki Motor Company (PSMC), has acquired 77 acres of land for a new plant, which will require an investment of around $350 million.
However, the capital injection has been linked with the offer of some incentives in the new auto policy.
Suzuki suggested that there should be 10% import duty on auto parts and components including Amax quality parts and on parts for cars of over 1,000cc engine capacity 25% duty should be applicable.
It said the government should restrict the import of all used cars in a bid to stop misuse by traders of the facility provided to overseas Pakistanis. This, the company believes, will help promote and increase the production and sale of vehicles, particularly new models, as well as encourage auto part manufacturers to come to Pakistan.
Suzuki was of the view that the current 32.5% import duty on normal parts and 50% on Amax parts inflated the cost of purchase compared to other countries. “Unnecessarily higher import duties result in a rise in cost and prices of locally produced cars; it also results in lower sale of cars in the country.”
“Also it is difficult to localise Amax parts as new technology is required which is not available in Pakistan,” Kinji Saito, Managing Officer of Suzuki Motor Corporation and chairman of PSMC, said in the letter addressed to Industries and Production Minister Ghulam Murtaza Khan Jatoi.
Pak Suzuki posts whopping increase in profit
Saito suggested preferential incentives for manufacturing small cars as these made a vital contribution to saving energy, creating a better environment and restricting foreign currency outflow.
“In relation to human resource, we will continue training courses for employees of Pak Suzuki in Japan and development of mechanics for the dealership tied up with the Aman Institute of Vocational Training,” he said.
“We are also going to cooperate with the Small and Medium Enterprises Development Authority in enhancing the level of vending industry in Pakistan through a four-year technical transfer project,” which will be implemented by the Japanese International Cooperation Agency (Jica).
Published in The Express Tribune, December 20th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
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