National Logistic Cell to invest in auto sector with German collaboration

[ghazi52]

National Logistic Cell to invest in auto sector with German collaboration


The National Logistic Cell (NLC) has decided to invest in auto sector in collaboration with a German company in order to cater the rising demand of heavy commercial vehicles following the commencement of China-Pakistan Economic Corridor (CPEC), DawnNews reported on Friday.

"National Logistic Cell has planned to install production plants [in Pakistan] with German Company to produce prime movers," said Engineering Development Board (EDB) chief Tariq Chuadhry.

The NLC will initially be investing Rs500 million to Rs700 million to install a production plant in Pakistan in a bid to manufacture heavy commercial vehicles in collaboration with German MAN Truck and Bus Company, the official further said.

In the first phase, trucks will be produced to meet the requirements of Pakistan Army while in the second phase — keeping in view the rising demand under CEPC — heavy commercial vehicles will be produced as well, it has been learnt.

Around 700 to 1,000 heavy vehicles will be produced annually and later on the production capacity will be enhanced accordingly, the official said.

MAN Truck and Bus, with headquarters in Munich, is one of the leading international suppliers of commercial vehicles and transport solutions in Europe, with production plants in three European countries as well as in Russia, South Africa, India and Turkey.

 

[volatile]

I do hope there can be a private partner doing this rather than strategic unit. In the past NLC involvement in commercial activities were subject to frauds/inefficiencies/lack of understanding of the business in corporate level but regardless its a good and welcoming move .

http://www.dawn.com/news/731123

THE financial scandal at the army-run National Logistics Cell which caused a loss of nearly Rs1.8bn through illegal investments between 2004 and 2008 was back in the news on Saturday. Chairman NAB Fasih Bokhari told a press conference that the three generals implicated in the scam could be court-martialled by the army — if the army’s separate investigation produced evidence of serious wrongdoing. This is simply not good enough. The army’s investigation was announced in November 2010 at a time when it was believed that the parliamentary Public Accounts Committee under the chairmanship of Chaudhry Nisar was about to announce its own findings. November 2010 to July 2012 is long enough to have determined who in the army-run NLC was responsible for the losses suffered by the organisation and what criminal prosecution they should face — there being virtually no doubt that some financial malfeasance was involved.

Are the high-profile targets — now retired generals — the reason for the slow pace of the investigation? Very likely, yes. But it’s not just the army that may be trying to shield several of its own. NAB too seems to drag its feet when it comes to investigating corruption and misdeeds committed by men in uniform — leading to a suspicion that the many men who once served in uniform and now serve at NAB may be protecting their own kind. But then, what of the PAC, which gave the army time to follow through on its own investigation but has not pressed for a quick resolution of the affair (the PAC, though, is admittedly a rudderless committee since the exit of Chaudhry Nisar).

In matters of corruption, the debate can often break down to mindless partisanship. Talk about corruption in the armed forces or the judiciary, and supporters will hit back with endless stories of corruption in the political class. But perhaps therein lies a story worth exploring: while politicians have been given a bad name and hanged — literally in some cases — there is still a lack of genuine public understanding about the extent of corruption and malfeasance in other institutions. What that does is lead to a false choice: corrupt politicians out to squeeze every last drop they can from the system vs noble and patriotic men in other institutions who may be occasionally misguided but have Pakistan’s best interests at heart. So there’s a very real and urgent need to pull back the veil and take on whatever skeletons come tumbling out of hitherto closed closets. The NLC case, then, is a test case: a test for whether or not Pakistan is genuinely moving towards a more level playing field.

 

[The Accountant]

I do hope there can be a private partner doing this rather than strategic unit. In the past NLC involvement in commercial activities were subject to frauds/inefficiencies/lack of understanding of the business in corporate level but regardless its a good and welcoming move .

http://www.dawn.com/news/731123

THE financial scandal at the army-run National Logistics Cell which caused a loss of nearly Rs1.8bn through illegal investments between 2004 and 2008 was back in the news on Saturday. Chairman NAB Fasih Bokhari told a press conference that the three generals implicated in the scam could be court-martialled by the army — if the army’s separate investigation produced evidence of serious wrongdoing. This is simply not good enough. The army’s investigation was announced in November 2010 at a time when it was believed that the parliamentary Public Accounts Committee under the chairmanship of Chaudhry Nisar was about to announce its own findings. November 2010 to July 2012 is long enough to have determined who in the army-run NLC was responsible for the losses suffered by the organisation and what criminal prosecution they should face — there being virtually no doubt that some financial malfeasance was involved.

Are the high-profile targets — now retired generals — the reason for the slow pace of the investigation? Very likely, yes. But it’s not just the army that may be trying to shield several of its own. NAB too seems to drag its feet when it comes to investigating corruption and misdeeds committed by men in uniform — leading to a suspicion that the many men who once served in uniform and now serve at NAB may be protecting their own kind. But then, what of the PAC, which gave the army time to follow through on its own investigation but has not pressed for a quick resolution of the affair (the PAC, though, is admittedly a rudderless committee since the exit of Chaudhry Nisar).

In matters of corruption, the debate can often break down to mindless partisanship. Talk about corruption in the armed forces or the judiciary, and supporters will hit back with endless stories of corruption in the political class. But perhaps therein lies a story worth exploring: while politicians have been given a bad name and hanged — literally in some cases — there is still a lack of genuine public understanding about the extent of corruption and malfeasance in other institutions. What that does is lead to a false choice: corrupt politicians out to squeeze every last drop they can from the system vs noble and patriotic men in other institutions who may be occasionally misguided but have Pakistan’s best interests at heart. So there’s a very real and urgent need to pull back the veil and take on whatever skeletons come tumbling out of hitherto closed closets. The NLC case, then, is a test case: a test for whether or not Pakistan is genuinely moving towards a more level playing field.

In the economy like pakistan such a huge investment risk can be taken by government only as private sector will be reluctant ... we have already witnessed bankruptcy of dewan farooq vroup when the installed hundai plant ...

The way forward is to establish the plant and make it running through government requirement first to achieve the breakeven ... make it mandatory for all gov agencies to purchase from this gov manufacturer only and when breakeven achieved sell the controlling interest to prvate sector ...

Similar strategy was used by israel ... however in case of israel initial risk takers wee few patriotic business giants which are no where in pakistan ...

 

[volatile]

In the economy like pakistan such a huge investment risk can be taken by government only as private sector will be reluctant ... we have already witnessed bankruptcy of dewan farooq vroup when the installed hundai plant ...

The way forward is to establish the plant and make it running through government requirement first to achieve the breakeven ... make it mandatory for all gov agencies to purchase from this gov manufacturer only and when breakeven achieved sell the controlling interest to prvate sector ...

Similar strategy was used by israel ... however in case of israel initial risk takers wee few patriotic business giants which are no where in pakistan ...

I beg to differ ,All over the world States dont run the show like Metro`s ,Air services and latest manufacturing ,to answer you just make investment friendly environment you will see Pak real sector has over 7 Trillion Rupees alone . All over the world private segment leads with higher efficiencies and effectiveness