I recently returned from a reporting trip to Pakistan, one of the most fascinating countries I’ve ever visited. My first story, “Into the Fray,” ran in the July 20 issue of Forbes. It’s a profile of Monis Rahman, an entrepreneur who was born in Lahore and educated in the U.S., where he started a tech company during the height of the dot-com bubble. After running out of money in 11 months— and unable to raise more— Monis realized that if he started another venture, he would need to be hyper-vigilant about managing expenses. To do so, he took a drastic step, selling everything he owned and moving back to Lahore. Read below to find out how he did it, and whether his bet paid off.
Read more at Forbes
LOL, read the entire article here
How Pakistani bikes will compete against Indian bikes, if given the opportunity to get imported. Interesting read!!
Analysis of Pakistan and India bike industry
Irrespective of merits and demerits to our local industry, stake of jobs of thousands of people and future of our huge vendor base after more liberal trade with India – one thing looks certain that consumers may be able to see arrival of used new design bikes of higher engine capacity from India. However, much will depend of the prices of Indian bikes to lure the buyers.
Many consumers have set their eyes on the bright prospects of running high engine capacity Indian made bikes hopefully from next year as the government looks firm to phase out negative list of items between the two countries by December 2012 thus paving way for more entry of Indian goods.
It is not clear what government has planned about the future of our local bike industry which has been showing tremendous growth after the entry of low priced bikes introduced by Chinese bike assemblers.
How the local industry (Japanese and Chinese bike assemblers) will face the influx of Indian bikes as the government has clearly indicated of eliminating negative list by December 31, 2012.
It is a real fact that the auto vending industry of Pakistan during the last 15 years has come a long way in terms of acquiring technologies to manufacture a wide range of hi-tech products not only for domestic market but also catering for export market to some extent.
The localization levels achieved so far by the vending industry are over 90 per cent for motorcycles but surprisingly the price of Japanese CD70cc is Rs 66,000 as its producer continues to increase prices on rising cost of production and appreciating value of Yen against the Rupee.
However, local vendors claim that the high local content in case of motorcycles has made Pakistan, as one of the cheapest manufacturers of this mode of transport worldwide because the cost of parts produced by PAAPAM members is substantially lower than cost of imported parts.
ISLAMABAD – National Highway Authority (NHA) on Tuesday informed the Public Accounts Committee (PAC) that the NATO supply route to Afghanistan via Pakistan has damaged the road infrastructure worth Rs 100 billion in the country during last 10 years.
They further informed the PAC that Pakistan has not received anything in this regard from NATO containers during last 10 years but now the Ministry of Communications had proposed levying charges from NATO trucks and containers passing through Pakistan to Afghanistan in future.
Meanwhile, the PAC also summoned Frontier Works Organisation (FWO) and National Logistics Cell (NLC) for illegally occupying 38 toll plazas of National Highway Authority (NHA) even after expiry of contracts.
PAC under the Chairmanship of Nadeem Afzal Chan directed NHA either to pay Rs 3.8 billion to Motorway Police or settle the issue within three months.
Chairman Public Accounts Committee also discussed audit observation about Ministry of Communications for the audit years 2004-05 and 2006-07.
‘Both the national organisations FWO and NLC are of the viewpoint that they were collecting toll from plazas as an ‘imperative to State security’, Secretary Ministry of Communications Anwar Ahmad Khan told the PAC ,adding, that total receivables from FWO had accumulated to Rs 6.5 billion.
While responding to audit paras Secretary Communications Anwar Ahmad Khan and Chairman NHA Muhammad Ali Gardezi told PAC that litigation between two housing societies had been hurdle in making Kot Abdul Malik interchange functional on M-2 and now both parties have agreed and project would be made operational in two months. To observations about NHA’s disputes with Daewoo, FWO and NLC, both the officials were of the viewpoint that there was rift over time of commencement of service areas on M-2, and Daewoo had moved to International Court of Justice Singapore.
‘We have also moved to the court with forceful stand and court had allowed us to issue tenders of both the service areas at Bhera to enable us to charge the amount in case judgment is issued in our favour’, said Gardezi saying that similarly, FWO occupying 38 toll plazas on different highways even expiry of contracts and total receivable amount of Rs 6.5 billion had accumulated with FWO.
He further said that M-2 had completed its life and it required to be overlaid and Rs 35 billion were required for the project.
Inspector General Motorway Police told PAC that Motorway Police had no headquarters of its own land and all the offices had been set up in rented buildings.
He said that NHA had to pay Rs 3.8 billion to Motorway Police which NHA Chairman refused paying saying that his organisation could not pay such a big amount.
PAC directed both the NHA either to pay payable amount or settle the issue in next three months.
To a question, Chairman NHA told PAC that unavailability of funds and worst security situation had hindered the construction of Rato Dero-Gwadar highway, however, now provincial government of Balochistan had promised to provide funds on the condition that they would not be used outside the province.
PAC was further told that Sindh High Court had acquitted all the accused in Sher Shah Bridge collapse after payment of compensation money to the victim families. PAC sought details of contractors who were also members of Board of Governors of NESPAK.
Later, talking to media regarding reference against Mian Nawaz Sharif being send to Committee by Interior Minister Rehman Malik , Chairman PAC said that he has received some letters from Interior Minister ,however, he has not yet studied these letters.
There are 103 parts changed in it, includes changed meter, black silencer, EURO II hence delivering good mileage (53km/litre as the company says). Price is currently Rs 95,000 PKR