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Thread: Yamaha to invest $150million in Pakistan

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    Thumbs up Yamaha to invest $150million in Pakistan

    This is the latest and confirmed news. I heard the news on GEO and also came across this LINK

    I see it as a prologue to an entirely new era in "motor biking" in Pakistan. For the first time Yamaha will locally manufacture bike from 125 to 150cc range, plus the bikes will be featured with EFi technology.

    Lets hope they bring something according to the desires of the biker's community.

    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    I think that if Yamaha gets go ahead in Pakistan , then it will not only create jobs with the start of manufacturing but in the long term more investors from around the world will invest and then there will be more jobs for hard working, skill full Pakistani's. Industry evolves itself and competition is always good for the economy. See the examples of other countries you twill get the idea. Pakistan is blessed with natural resources, manpower , talent , then why we should be lagging behind like poor countries...

    One more thing... fans of 70 cc bikes don't have to worry , because Yamaha is only targeting 100 cc and above segment.

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    Daily Times - Leading News Resource of Pakistan

    SEZ Bill likely to become law by Sept 3
    Staff Report

    ISLAMABAD: President Asif Ali Zardai is set to accord his assent on September 3, 2012 to Special Economic Zone (SEZ) Bill and with the presidential approval the SEZ Bill will become Special Economic Zone (SEZ) Act 2012, official sources at the Board of Investment informed here on Monday.

    The incentives announced through the SEZ Bill, exemption from customs duties and taxes for all capital goods imported into Pakistan for the development, operations and maintenance of a SEZ; exemption from all taxes on income accruable in relation to the development and operations of the SEZ for a period of 10 years, starting from the date of signing of the development agreement will become affective for the investors.

    The National Assembly had approved the SEZ Bill 2012 on July 13, 2012. The bill took more than three years for its processing as it involved large consultative process with the provinces stakeholders. The incentive package was approved in 2008 by the Economic Coordination Committee of the Cabinet (ECC) but it remained under discussion. The cabinet accorded approval in principle for initiation of legislation in 2010. The Council of Common Interests (CCI) also considered this bill due to introduction of 18th Amendment. After hectic efforts, CCI approved the bill in August 2011. The bill has further undergone the microscopic examination by the Standing Committee on Law, Justice, Human Rights and Parliamentary Affairs. The Upper House (Senate) approved this bill in January 2012 and National Assembly accorded its approval on July 13, 2012. The law has been made to meet the global challenges of competitiveness to attract foreign direct investment. The law or bill will allow creation of industrial cluster with liberal incentives, infrastructure, investor facilitation services to enhance productivity and reduce cost of doing business for economic development and poverty reduction. The law further envisages to reduce processes through SEZ in Pakistan. The law will ensure consistency and transparency in economic policies beyond political divide and restore investor confidence. The bill will provide guaranty that incentive once granted would not be withdrawn due to conflict of interests.

    Salient features of the draft SEZ Act 2012 include, extending to the whole of Pakistan and override other laws, all SEZ whether public, public-private or private-private to be governed under this act; the Board of Approval (BoA) headed by the prime minister with the minister for finance as the vice chairman shall meet as frequently as required but not less than twice a year and decisions shall be taken by a majority of the total membership present and voting; SEZs will have exemption from customs duties and taxes for all capital goods imported into Pakistan for the development, operations and maintenance of a SEZ; exemption from all taxes on income accruable in relation to the development and operations of the SEZ for a period of 10 years, starting from the date of signing of the development agreement.

    Zone enterprises have exemption from custom duties, etc, on imports of capital goods; exemption from taxes on income for a period of 10 years starting from the date the development certifies that the zone enterprise has commenced commercial operations in the relevant SEZ. BoI with the approval of the BoA and after consultations with the provincial governments and concerned SEZ authorities shall frame rules and regulations necessary for implementation of this act.

    The establishment of SEZs will attract both domestic as well as international investors. Some of the investor countries like Korea, China and Japan are expecting to benefit from this scheme as soon as it becomes operational. The provincial governments would be requested to start the process as soon as rules are framed.




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    Very Nice Article NabilM, this raises our hopes more

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    Thanks amjad635 :

    As per competitive environment is concerned please read the below pasted article... I hope we will see more in near future. This is what competition does.




    Joint venture: New motorcycle parts manufacturer being set up – The Express Tribune

    Joint venture: New motorcycle parts manufacturer being set up

    set up

    By Our Correspondent
    Published: September 1, 2012
    The company, with an initial combined equity investment of $7.2 million, will be established in September.
    LAHORE:
    The Atlas Group and Japan’s Denso Corporation have reached an agreement on establishing a new joint venture company named Atlas Hitec (Private) Limited, which will manufacture quality and competitive motorcycle parts in Pakistan.
    The company, with an initial combined equity investment of $7.2 million, will be established in September while commercial production will start in October next year.
    “The agreement will strengthen the already close cooperation between the Atlas Group and Denso,” a press release said.
    With the motorcycle industry expecting a strong growth, the new company will utilise the Atlas Group’s wide business expertise and Denso’s technologies for manufacturing such motorcycle parts that can meet market needs.
    Published in The Express Tribune, September 1st, 2012.




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    I think AHL smelling the competition heat very early, Seems like they are preparing
    bro kindly keep sharing these articles with us

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    That's great news.

    PPP or koi acha kaam nahi karna to kam uz kam yehi ek acha kaam karte jao and Riders ki duwaien lete jao
    31.5497 N, 74.3436 E

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    President to sign Special Economic Zone Bill on 10th | The Nation



    President to sign Special Economic Zone Bill on 10th

    By: Online | September 03, 2012 | <fb:comments-count href="http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/03-Sep-2012/president-to-sign-special-economic-zone-bill-on-10th" class=" " style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">1</fb:comments-count>





    ISLAMABAD – President Asif Ali Zardari is set to accord his assent on September 10 this month to Special Economic Zone (SEZ) Bill and with the presidential approval the SEZ Bill will become Special Economic Zone (SEZ) Act 2012.
    The incentives announced through the SEZ Bill, exemption from customs duties and taxes for all capital goods imported into Pakistan for the development, operations and maintenance of a SEZ; exemption from all taxes on income accruable in relation to the development and operations of the SEZ for a period of 10 years, starting from the date of signing of the development agreement will become affective for the investors.
    The National Assembly had approved the SEZ Bill 2012 on July 13, 2012. The bill took more than three years for its processing as it involved large consultative process with the provinces stakeholders. The incentive package was approved in 2008 by the ECC but it remained under discussion. The cabinet accorded approval in principle for initiation of legislation in 2010. The Council of Common Interests (CCI) also considered this bill due to introduction of 18th Amendment. After hectic efforts, CCI approved the bill in August 2011. The bill has further undergone the microscopic examination by the Standing Committee on Law, Justice, Human Rights and Parliamentary Affairs.
    The Upper House (Senate) approved this bill in January 2012 and National Assembly accorded its approval on July 13, 2012. The law has been made to meet the global challenges of competitiveness to attract foreign direct investment. The law or bill will allow creation of industrial cluster with liberal incentives, infrastructure, investor facilitation services to enhance productivity and reduce cost of doing business for economic development and poverty reduction.
    Salient features of the draft SEZ Act 2012 include, extending to the whole of Pakistan and override other laws, all SEZ whether public, public-private or private-private to be governed under this act; the Board of Approval (BoA) headed by the prime minister with the minister for finance as the vice chairman shall meet as frequently as required but not less than twice a year and decisions shall be taken by a majority of the total membership present and voting; SEZs will have exemption from customs duties and taxes for all capital goods imported into Pakistan for the development, operations and maintenance of a SEZ; exemption from all taxes on income accruable in relation to the development and operations of the SEZ for a period of 10 years, starting from the date of signing of the development agreement.
    Zone enterprises have exemption from custom duties, etc, on imports of capital goods; exemption from taxes on income for a period of 10 years starting from the date the development certifies that the zone enterprise has commenced commercial operations in the relevant SEZ. BoI with the approval of the BoA and after consultations with the provincial governments and concerned SEZ authorities shall frame rules and regulations necessary for implementation of this act.

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    Economic Coordination Committee meeting was held today , but there is no word if " Motorcycle Industry" issue was discussed in it or not until now... I was able to find this article related to Yamaha investment and it is pasted below. Some real tough resistance is being offered to Yamaha... Best of Luck to Yamaha and Pakistan.



    Industry not consulted on policy initiatives: PAMA | Business Recorder



    Industry not consulted on policy initiatives: PAMA



    September 04, 2012
    RECORDER REPORT0 Comments






    <saqib></saqib>




    Pakistan Automotive Manufacturers Association (PAMA) has protested that Finance Minister Dr Hafeez Sheikh has not consulted local motorcycle manufacturers prior to finalising recommendations for the Economic Co-ordination Committee (ECC) of the Cabinet.

    "It is a matter of highest concern and great distress that the local manufacturers have never been consulted at this very important stage when the future of industry is being decided by the ECC," said, Director General PAMA, Abdul Waheed Khan, in a letter to the Finance Minister, who is also the chairman of the ECC.

    He requested the Finance Minister to take notice of the fact that despite his clear instructions as Chairman Economic Co-ordination Committee, the industry has not been consulted on policy initiatives taken on the issue of "protection of motorcycle industry".

    According to the letter, DG PAMA said that in ECC's meeting on August 16, it was decided to consult the local industry before finalising the proposal for ECC, but nothing in this regard had been communicated to PAMA the only recognised representative body of auto manufacturers in the country and that includes the motorcycle manufacturers.

    The number of OEMs approved by EDB in Pakistan is 100; out of these 84 are active in production and marketing. The total installed capacity (2011-12) was 2,500,000 while the volume of sales in the same year was 1,600,000. The capacity utilisation in 2011-12 was 64 percent. The two-wheeler penetration in Pakistan is 12/1000 persons. Pakistan is among the top 20 motorcycle manufacturing countries in the world producing quality two wheelers of international standards based on modern technology ranging between 70cc to 150cc.

    All the local motorcycle manufacturing companies in Pakistan are making motorcycles with carburetor based engines as they are easier and cheaper to maintain as compared to EFI-based engines. Another technology namely EFI, being used in some countries is not a new technology. It is nearly 20 years' old.

    The EFI has slightly better emissions but not only will it have a higher initial cost, it will be more costly to maintain, thus making it expensive for the local buyers'. It is pertinent to mention here that even EURO III emission standards, the highest emissions for motorcycles, are being met by carburetor-based motorcycles. All major motorcycle manufacturers in the world, ie, Honda, Yamaha and Suzuki, have models with carburetors. They have their own niche market and are especially popular in huge motorcycle markets such as India and Brazil.

    There is another misperception that Pakistan is not making 100cc and 125cc bikes. In FY2011-12 around 300,000 bikes with 100cc and 125cc engines were manufactured in Pakistan with a 30% to 35% increase as compared to previous year. Around 32 motorcycle manufacturers are making above 70cc models.

    The local bike makers are producing quality motorcycles on affordable prices to meet local demand. The locally-manufactured motorcycles are also being exported to different countries to earn more foreign exchange for the country. The existing industry has experienced tremendous growth despite a number of challenges including power shortage, deteriorating law and order situation, rising inflation and increasing cost of doing business in Pakistan. They said the inconsistent government policies are another challenge that has badly affected local industry.

    The recent government policy shift to offer hefty duty concessions on import of CBU is a great concern for the local industry. Any move in this regard will completely destroy the entire existing local industry. The government should make concrete efforts towards attracting foreign investment but it should not ignore the fundamental concept of a level playing field for all existing and new players.

    "We are not against any foreign investment but without endangering the existing industry. We request the government not to offer any duty concession to a single player. We believe this policy would make the country a trading state instead of becoming a manufacturing hub in the region," said DG PAMA.

    The large-scale manufacturing is a long term business and the government should formulate long-term policies in consultation with market players to boost industrialisation in the country. The recent U-turn of government to allow huge duty incentives on CBU import would destroy the existing motor bike manufacturing industry.

    It is a discriminatory step as the decision is being taken to appease only one blue-eyed putting the entire industry on stake. The government, on the one hand, is trying to attract new entrants to manufacture bikes in Pakistan and on the other it is decreasing the already lowest duty in the region of 65% on CBU import to 35%, which will effectively prohibit the existing and new investors to invest in manufacturing.

    All the 100 new players have entered the market on existing terms and they were not given any such incentives. The existing industry had done tremendous job and healthy growth was witnessed despite various challenges. Apart from these challenges, the inconsistent government policies are severely affecting investor confidence and industry performance.

    Many countries including China and India, have imposed heavy duties on CBU import to protect their local industry. On the contrary, Pakistan is considering offering huge duty concessions to new entrants, putting the existing industry at stake.

    Any such concession to a single market player would create a serious imbalance in the industry and existing industry would be affected severely. The export quality motorcycles/engines up to 125cc are being produced in the country and Pak Suzuki is producing 150cc motorcycles in Pakistan.

    No new entrant should be allowed on concessionary rates below 150cc category. Scooters in the category of 100cc and above may be allowed on concessionary rates. Concession for all OEMs on specific components only, used for new technology like EFI, EURO II emissions and Auto Transmissions, etc, may be allowed on concessionary rates. Decreasing CBU rates will shift the industry from manufacturing to importing economy.

    There is no barrier for the New Entrant in Pakistan. The entry of 80-odd new entrants is proof of that. Presently more than 100 players are in this sector. Existing players like Ravi have technical collaboration with Piaggio of Italy, Plum Qingqi entered with 100 percent foreign equity in this market under the existing policy. Both Honda and Suzuki have given new models without any additional incentives.

    Import figures of motorcycles were copied from Economic Survey of Pakistan in NTC report, according to the letter. "Import of parts and CKD when recorded in the main HS Code 87.11 (for motorcycles) instead of the heading for import of CKD that is 8711.2010 or respective heading for import of parts, erroneously gets recorded into import of CBU. Hence, the erroneous import figure of CBU. Hence, no need to import as there is no demand/ supply issues in motorcycle industry," commented one of the stakeholders.

    The DG pointed out that the government recent policy shift to offer hefty duty concessions on import of CBU is a great concern for local industry. Any move in this regard will completely destroy the entire existing local industry, he added. The government should make all its efforts to attract foreign investment but it should not ignore the fundamental concept of a level playing field for all existing and new players, he said and added PAMA is not against any foreign investment but without endangering the existing industry, it requests the government not to offer any duty concession to a single player.

    <center style="color: rgb(0, 0, 0); font-family: Arial, 'MS Trebuchet', sans-serif; line-height: 18px; ">Copyright Business Recorder, 2012




    </center>

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    To above Post writer (not poster). Please go and first learn what local manufacturers are doing to this nation and what kind of international new technology products they are providing us. Then write something.
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    well it is not going to be easy for Yamaha,They are not going to be welcomed with open arms
    But i hope they surpass all barriers and successfully built their plant here
    and provide us some quality standard motorcycle's


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    Quote Originally Posted by Juste View Post
    To above Post writer (not poster). Please go and first learn what local manufacturers are doing to this nation and what kind of international new technology products they are providing us. Then write something.
    after reading that article, its sure that the pocket of writer been loaded in advance......isnt it?
    ***SPEED+ACCURACY+AGGRESSION=YAMAHA RX115***

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    You will find a lot of news articles which are totally biased and do not show the other side of the picture. After reading these articles one is forced into a false sense of satisfaction " Sab acha ha " . Thanks to Yamaha that due to their efforts a lot of hidden stories about this Mafia run Industry have come out. Otherwise if you rely on these articles you will never get the complete picture. How many articles/columns/reports have taken the issue of quality seriously. Every day people are getting killed in road accidents, nobody cares. Counterfeit/substandard parts, low quality manufacturing lack of Quality Control are the major cause of this. Local manufacturers, they have earned billions and billions in profits, but have they ever thought about giving this nation some quality products ... answer is NO. These people are in profit because Pakistani people are being forced to buy cheep quality products at not so affordable prices.

    During these days papers are filled with PAAPAM, PAMA, etc etc protests... but my question is that have they ever perused Govt. before this Yamaha Investment issue about facilitating them to introduce some international standard quality in their products... I don't think so. I am hopeful that this cycle will break sooner or later because Pakistani people cannot be fooled for longer now, and days of introducing " STICKER CHANGED " new bikes will end ...

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    As far as the latest ECC meeting held on Tuesday 4 September is concerned ...

    ECC okays export of sugar to Tajikistan | DAWN.COM


    The meeting, presided over by Finance Minister Dr Abdul Hafeez Shaikh, did not take up a new incentive package for Japanese Yamaha company and deferred it after discussing a decision on allowing import of parts used in CNG kits manufactured in Pakistan for export
    purposes.



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    7gear, please dont give us a heart attack... it will be a blast in PK market!! when it is expected, the link has limited info about the meting with Mr 10%


    Quote Originally Posted by 7thgear View Post
    This is the latest and confirmed news. I heard the news on GEO and also came across this LINK

    I see it as a prologue to an entirely new era in "motor biking" in Pakistan. For the first time Yamaha will locally manufacture bike from 125 to 150cc range, plus the bikes will be featured with EFi technology.

    Lets hope they bring something according to the desires of the biker's community.
    https://www.pakwheels.com/forums/motorcycle-travel-diaries/277725-sober-riders-visit-khunjerab-adventurous-way-via-nori-pass

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    Quote Originally Posted by RX115 View Post
    after reading that article, its sure that the pocket of writer been loaded in advance......isnt it?
    I guess he is not into bikes and have no idea about what's happening in bike industry. He is like a man who will always say May tay honda ee laysan.
    31.5497 N, 74.3436 E

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    its a tough situation.. some of yama demands ar way too much .. they want to eat with bailcha rather then spoon ..

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    Quote Originally Posted by asjdsm View Post
    its a tough situation.. some of yama demands ar way too much .. they want to eat with bailcha rather then spoon ..
    no doubt, chan boora belchay k istemal se hi uthaya ja sakta ha
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    ^^ there is one stubmling block in yamas investment ..
    first there were some 65 % taxes/duty on imported parts that was reduced drastacly to 5 or 10 % .. now yama weants even this to be removed .. so yama pays zero duty..

    read about it in detail on Automark magazine .. my figures are and specific words are not accurate but the scale iis like that ..

    now the prolem is that the govts main source f income is taxes and duties etc .. if govt allows it to yama y not others if to others then govt pehlas hi bikari ha agay jo bacha ha us ko bhi aag laga do..

    yama shoul not do business on its terms .. it should follow govt terms .. if they are biased they have right to ask for fairness but there denmands are childish

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    This is IMPORTANT development....

    Read the following articles and you will get the idea.

    Japan asks Pakistan to resolve CNG, auto sector problems - thenews.com.pk



    Japan asks Pakistan to resolve CNG, auto sector problems


    Mehtab Haider
    Saturday, September 08, 2012
    From Print Edition



    101 4 1 0


    ISLAMABAD: Identifying inconsistent policies as the major stumbling block in the way of boosting foreign investment in Pakistan, Japan has asked Islamabad to resolve the existing problems of compressed natural gas (CNG) supply to vehicles, senior officials of the Japanese embassy told reporters here on Friday.

    It has further asked the federal capital to put in place appropriate auto policies and ensure macroeconomic stability and electricity supply for attracting investment in this part of the world, they said.

    In order to ensure networking between the business tycoons of both the countries, Japan’s business mission is scheduled to visit Pakistan from October 6 to 11, 2012 for finding opportunities to boost avenues of partnership.

    The government of Japan is organising this upcoming visit of the business mission to Pakistan and it will coincide with the Expo Pakistan in Karachi. The upcoming mission will be comprised of those Japanese companies which are interesting to invest in Pakistan. The mission will visit Karachi, Islamabad, Lahore and Sialkot.

    Senior officials said that they were discussing possibilities for assisting Pakistan in different areas of the economy but funding for Diamer Basha dam was not yet finalised. “We have not decided whether we will fund Diamer Basha dam or not,” they added.

    They said that they were conveying the message of vast opportunities that exist in Pakistan to potential investors.

    There are currently approximately 60 to 70 Japanese companies working in Pakistan in different sectors of the economy, especially in areas of auto sector. However, they said: “The inconsistent policies are hurting Japanese companies to invest in Pakistan.” Pakistan is currently out of the scope for Japanese companies mainly because of security concerns, lack of infrastructure, inconsistent economic policies and lack of marketing, resulting into creating a ‘perception gap’ about the country, they said.

    Citing an example of the inconsistent economic policies, a Japanese official said that the previous government had promoted the CNG industry by giving incentives to convert vehicles on this fuel but the existing government was discouraging the CNG sector.

    They also cited the example of the auto sector and said that those companies which had invested in Pakistan would not like to see changes in the import policy of the auto sector. There might be different point of view from the prospective of customers but as private investors, there should be consistent policies for giving a long-term view to potential investors.

    When asked whether Japan had used its aid as a leverageto get incentives for its auto sector companies, the embassy official said that there had been a linkage between the two issues. “We always want to use better utilisation of aid money,” he said.

    In regards to the number of Japanese companies investing in Pakistan, he said it was on a rise but the speed for increasing investment was quite slow. To another query about finding opportunities for investment in Federally Administered Tribal Areas, the embassy officials said that Japan could not depute its staff in any volatile area of the country.




    Another Article .........................




    Bhasha dam, KCR project may be affected: Japan no longer considering investing: diplomat | Business Recorder


    Bhasha dam, KCR project may be affected: Japan no longer considering investing: diplomat



    September 08, 2012
    WASIM IQBAL0 Comments
    Yamaha to invest $150million in Pakistan - emailButtonYamaha to invest $150million in Pakistan - printButtonYamaha to invest $150million in Pakistan - pdf button


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    The government of Japan is no longer considering investment in major hydroelectric projects such as Diamer-Bhasha dam and revival of Karachi Circular Railway (KCR) because of financial constraints, a Japanese diplomat said on Friday. The KCR project, costing Rs 140.2 billion, was recently approved by the Executive Committee of National Economic Council (Ecnec).

    An official of the embassy of Japan told media persons that these projects required huge funding and the government of Japan was not in a position to finance these projects. Responding to a question regarding Bhasha dam, he said that Japan was not interested in investing in the construction phase of the dam. "It may invest in the power generation phase in future, depending on the situation," he added. The official also said that Japan International Co-operation Agency (Jica) has held a comprehensive study regarding the viability of Karachi Circular Railway, but had not yet reached any final conclusion, because it "also requires huge funding".

    Pointing out inconsistencies in policies of Pakistani government, he said: "This takes Pakistan out of the scope of Japanese companies." He said Japanese firms working in Pakistan were facing a "lot of problems" According to him, the Board of Investment (BOI), which should act as a facilitator for foreign investors, "has no action plan".

    The government of Japan, he said, had deputed a Japanese expert in the BOI who was working on capacity-building of staff so that they could attract foreign investment. He said that companies were unable to benefit from Port Qasim as there "is no road network to access the port...absence of infrastructure is another reason".

    The embassy, he said, was receiving complaints from Japanese companies working in Pakistan regarding "absence of any appropriate auto policy, macroeconomic instability, power shortages and recent ban on CNG kits. This has deeper impact on the economic health of companies".

    Despite difficulties, he believed, there was a huge potential to attract foreign investment. "High-skill labour force and growing market is a favourable factor. Similarly, Pakistan has geographical advantage, as it is located on crossroads to India, Afghanistan, Central Asia and the Gulf." He said that the government of Japan will soon send business mission to visit Pakistan from October 6-11, to coincide with Expo Pakistan in Karachi. "This Business Mission will include (representatives of) Japanese companies interested in investing in Pakistan. The objective is to address concerns of companies regarding security, infrastructure, economic policy consistency and lack of marketing."

    <center style="color: rgb(0, 0, 0); font-family: Arial, 'MS Trebuchet', sans-serif; line-height: 18px; ">Copyright Business Recorder, 2012</center>

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    Entry of new player: Two out of 100 bike makers invited for consultation


    By Our Correspondent
    Published: September 9, 2012

    Almost 1.6 million motorcycles were sold in fiscal 2011-12. PHOTO: FILE
    KARACHI:
    Perturbed by the possible entry of a new motorcycle manufacturer with ‘unfair’ incentives, the automobile industry has asked the government to take them on board and hold meaningful dialogue before drawing up new policies.
    Speaking to select journalists here on Saturday, Pakistan Automotive Manufacturers Association (Pama) Director General Abdul Waheed stressed that the government should not allow any new two-wheeler manufacturing company into the local market with relaxation in import duty. “This will be unfair as it will hurt existing players of the industry,” he said.
    Waheed said the Economic Coordination Committee (ECC) of the cabinet did not follow directives of finance minister, who called for consulting the motorcycle industry on the proposal to grant extraordinary concessions to an upcoming Japanese company. The ECC only met the formality and ignored the directives, he commented.
    He, however, praised the finance minister for asking the committee as well as officials to address concerns of the domestic industry. Waheed termed it unfair to invite only two bike manufacturers for negotiations out of the entire industry, which comprises around 100 manufacturers. “It is certainly not possible to invite 100 manufacturers, but their representative body should be consulted.”
    So far, the consultation process had been eyewash and was apparently meant to justify what had already been decided behind closed doors, he remarked.
    Waheed said the motorcycle industry had flourished and qualified to become an integral part of the economy with thousands of skilled workers. The ECC should involve stakeholders of this billion-dollar industry for consistent development instead of taking unilateral decisions that will lead nowhere, he suggested.
    He acknowledged that efforts should be made to attract foreign investment, but said the fundamental concept of level-playing field for existing and new players should not be ignored. “Pama just requests the government not to offer any duty concession to a single player.”
    Pakistan is among 20 top motorcycle manufacturing countries, producing two-wheelers of international standards from 70cc to 150cc engine capacity. The industry’s installed capacity was 2.5 million bikes in 2011-12 and sales stood at 1.6 million in the same period, with capacity utilisation at 64%.
    Published in The Express Tribune, September 9th, 2012.

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