bhai i had lancer 1990 , its very nice car.
i think it shoud be a diesal one. because most of the them were with diesal engine. diesal was very cheap in those days. 6 or 7 rupees per liter. very good days were they...
i think you should contract spectra bhai and have a trip to peshawar with him when ever he is free for that. ....as he has recently made a trip to peshawar. you can get each and every thing of that car from peshawar. (kabli one) . you can change the whole interior , suspension ,seats dash board and engine too . renovation should cost you around 30k to 50k. if you want each and every thing replaced.
i dont know the outlook engine and suspension of the car. but as you have described it should be around 220-230 k . but i know prices in isl are always higher then rest of the pakistan