Propaganda in favour of PTI - ExxonMobile, Suzuki, JW Forland falsely being attributed to PTI

[adeel.zafar]

Hi Friends,

I have noticed that some of us have been posting the news from past (or the things that have been set into motion in past) as the achievements of PTI.

I am sure PTI in next 5 years will do wonders for Pakistan but for the time being, lets stop lying to ourselves please. Lets not falsely claim stuff.

Let me point out the issues one by one:

ExxonMobil
ExxonMobile re-enterance to Pakistani market is being attributed to Imran Khan. But even ExxonMobil CEO (from asia region I believe) admitted in his letter that they have been trying to enter Pakistan for a while and in this regard they have already acquiring a 25% stake in offshore drilling in May 2018. See news links below.

"Chief Executive Officer (CEO) Irtiza Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years.

ExxonMobil has made major strides to re-enter the Pakistani market which included acquiring a 25% stake in offshore drilling in May this year."

References:
https://tribune.com.pk/story/1721191/2-exxonmobil-acquires-25-stake-offshore-drilling-pakistan/
https://profit.pakistantoday.com.pk...n-pakistan-after-nearly-three-decades-report/

JW Fordland

JW Fordland works was done in previous government too. See links below.

JW Forland Automotive Plant inaugurated in Lahore
Last Updated On 05 June,2018 09:51 pm
https://dunyanews.tv/en/Business/442575-JW-Forland-Automotive-Plant-inaugurated-in-Lahore

Suzuki investment

Suzuki said in 2016 that they are planning to invest $460 million in Pakistan to setup another car plant in Pakistan.

Pak Suzuki to set up $460m car plant
The Newspaper's Staff ReporterDecember 16, 2016
ISLAMABAD: Pak Suzuki is planning to invest about $460 million to set up another car plant in Pakistan and is lobbying to avail tax breaks available to new entrants.

https://www.dawn.com/news/1302571

I am hopeful that PTI will have things of their own to showcase within a year or so. But in the mean time - lets keep it real :)

Thank you .

 

[desan]

ExxonMobil returns to Pakistan after 27 years
US oil and gas company ExxonMobil will resume operation in Pakistan after 27 years.

A delegation from the ExxonMobil led by LNG Market Development Chairperson Emma Cochrane called on Prime Minister Imran Khan on Wednesday at the PM House and informed him of projects.

The prime minister welcomed the resumption of ExxonMobil operations in Pakistan and assured of free and safe business operations in Pakistan.

PepsiCo delegation calls on PM
A delegation from PepsiCo also called on the prime minister and briefed him on ongoing projects and investments in the country.

The delegation led by PepsiCo CEO for Asia, Middle East and North Africa Mike Spanos informed the prime minister that PepsiCo will make an investment of $1.2 billion in Pakistan.

Prime Minister Imran Khan said that the government would facilitate traders and investors.

https://www.geo.tv/latest/219989-exxonmobil-returns-to-pakistan-after-27-years

 

[concern_paki]

ALL CREDIT GOES TO IMRAN KHAN ONLY

 

[desan]

Pak Suzuki Ready to Set Up Its Second Manufacturing Plant In Pakistan

Pak Suzuki has ramped up its efforts to increase the production of its cars in Pakistan by setting up its second manufacturing plant in the country.

According to reports, Pak Suzuki has procured 80 acres of land for the establishment of the new plant, which will cost around $460 million. The location of the new piece of land is next to Pak Suzuki’s existing site.

With the help of this new plant, Pak Suzuki will be able to manufacture additional 100,000 vehicles a year.

In recent times, Suzuki’s brand value has suffered in Pakistan due to their poor quality and high prices. Despite an additional manufacturing plant, it remains to be seen if there will be any emphasis on quality.

The AIDC committee is holding a meeting on Wednesday to deliberate upon the enactment status of the auto development policy. The sources claim that the meeting will focus on whether to grant the Greenfield status to Suzuki’s new plant or not.


As of now, Suzuki is planning on introducing four new cars in Pakistan. On top of that, Suzuki Mehran will also be replaced by Suzuki Alto (660cc).


The decision to manufacture a new production plant is largely based on the decline of sales Pak Suzuki has witnessed. During the first 4 months of the current fiscal year, the decline of sales comes in at 8.3 percent.

https://propakistani.pk/2018/11/26/...p-its-second-manufacturing-plant-in-pakistan/

 

[adeel.zafar]

ALL CREDIT GOES TO IMRAN KHAN ONLY

Yeah, sure :)

 

[adeel.zafar]

Pak Suzuki Ready to Set Up Its Second Manufacturing Plant In Pakistan

Yes, news from 2016

Pak Suzuki to set up $460m car plant
The Newspaper's Staff ReporterDecember 16, 2016
ISLAMABAD: Pak Suzuki is planning to invest about $460 million to set up another car plant in Pakistan and is lobbying to avail tax breaks available to new entrants.

https://www.dawn.com/news/1302571

 

[desan]

JW Forland to start producing vehicles in Pakistan

 

[desan]

Yes, news from 2016

Pak Suzuki to set up $460m car plant
The Newspaper's Staff ReporterDecember 16, 2016
ISLAMABAD: Pak Suzuki is planning to invest about $460 million to set up another car plant in Pakistan and is lobbying to avail tax breaks available to new entrants.

https://www.dawn.com/news/1302571

Link is included in my post...

 

[desan]

JW Forland to start producing vehicles in Pakistan
The launch event was held on Friday. The $150 million project has been launched with the ultimate goal to make Pakistan a regional hub for manufacturing auto parts and automobiles, said Finance Minister Asad Umar in a tweet on Thursday.

With the launch of the project, there will be technology transfer from China to Pakistan. “Progress only starts after the technology is transferred,” said Prime Minister Khan. He said that schools will be formed, where the technicians will be able to acquire skills. “We will produce cars which can eventually be exported,” Khan remarked.

This is not the first time vehicles will be produced in Pakistan, but it is the first time vehicles will be produced for commercial use. Adam Group Company had produced and assembled the first car in Pakistan, Revo. The production has been discontinued now. The United Group produces rickshaws and has announced a plan to start assembling cats too.

Earlier in the day, the dollar saw a Rs9.5 rise jumping to Rs143.5 in the interbank market. This is the highest ever level the dollar has reached and the highest intraday gain in its history.

Khan said that the people don’t need to worry about it. “We didn’t have enough dollars before but we are working on bringing more dollars into the economy,” he said, adding that such investments will benefit Pakistan in the long term.

The biggest problem facing our government is the current account deficit. “This means that there is a Rs18.5 billion deficit between the things we are selling and the things we are buying,” Khan said.

Prime Minister Imran Khan said that the people need to change their mindset. “We need to ease the hurdles for the people who wish to invest.” He remarked that investment creates more jobs and brings in dollars.

https://www.samaa.tv/news/2018/11/jw-forland-to-start-producing-vehicles-in-pakistan/

 

[adeel.zafar]

Link is included in my post...

Yes I know - this news happened twice - once 2016 and then again in 2018 :)

 

[adeel.zafar]

JW Forland to start producing vehicles in Pakistan
The launch event was held on Friday. The $150 million project has been launched with the ultimate goal to make Pakistan a regional hub for manufacturing auto parts and automobiles, said Finance Minister Asad Umar in a tweet on Thursday.

With the launch of the project, there will be technology transfer from China to Pakistan. “Progress only starts after the technology is transferred,” said Prime Minister Khan. He said that schools will be formed, where the technicians will be able to acquire skills. “We will produce cars which can eventually be exported,” Khan remarked.

This is not the first time vehicles will be produced in Pakistan, but it is the first time vehicles will be produced for commercial use. Adam Group Company had produced and assembled the first car in Pakistan, Revo. The production has been discontinued now. The United Group produces rickshaws and has announced a plan to start assembling cats too.

Earlier in the day, the dollar saw a Rs9.5 rise jumping to Rs143.5 in the interbank market. This is the highest ever level the dollar has reached and the highest intraday gain in its history.

Khan said that the people don’t need to worry about it. “We didn’t have enough dollars before but we are working on bringing more dollars into the economy,” he said, adding that such investments will benefit Pakistan in the long term.

The biggest problem facing our government is the current account deficit. “This means that there is a Rs18.5 billion deficit between the things we are selling and the things we are buying,” Khan said.

Prime Minister Imran Khan said that the people need to change their mindset. “We need to ease the hurdles for the people who wish to invest.” He remarked that investment creates more jobs and brings in dollars.

https://www.samaa.tv/news/2018/11/jw-forland-to-start-producing-vehicles-in-pakistan/

JW Forland to start producing vehicles in Pakistan
The launch event was held on Friday. The $150 million project has been launched with the ultimate goal to make Pakistan a regional hub for manufacturing auto parts and automobiles, said Finance Minister Asad Umar in a tweet on Thursday.

With the launch of the project, there will be technology transfer from China to Pakistan. “Progress only starts after the technology is transferred,” said Prime Minister Khan. He said that schools will be formed, where the technicians will be able to acquire skills. “We will produce cars which can eventually be exported,” Khan remarked.

This is not the first time vehicles will be produced in Pakistan, but it is the first time vehicles will be produced for commercial use. Adam Group Company had produced and assembled the first car in Pakistan, Revo. The production has been discontinued now. The United Group produces rickshaws and has announced a plan to start assembling cats too.

Earlier in the day, the dollar saw a Rs9.5 rise jumping to Rs143.5 in the interbank market. This is the highest ever level the dollar has reached and the highest intraday gain in its history.

Khan said that the people don’t need to worry about it. “We didn’t have enough dollars before but we are working on bringing more dollars into the economy,” he said, adding that such investments will benefit Pakistan in the long term.

The biggest problem facing our government is the current account deficit. “This means that there is a Rs18.5 billion deficit between the things we are selling and the things we are buying,” Khan said.

Prime Minister Imran Khan said that the people need to change their mindset. “We need to ease the hurdles for the people who wish to invest.” He remarked that investment creates more jobs and brings in dollars.

https://www.samaa.tv/news/2018/11/jw-forland-to-start-producing-vehicles-in-pakistan/

JW Forland Automotive Plant was inaugurated in June 2018 in Lahore.

See news below

JW Forland Automotive Plant inaugurated in Lahore

Last Updated On 05 June,2018 09:51 pm
The ceremonial inauguration at JW Forland Automotive, Pakistan’s. We aim to build better, safer, more comfortable and – most importantly - greener cars.

The new state-of-the-art automotive line will strengthen to supply commercial vehicles in the demanding atmosphere of the country to boost jobs creation & key suppliers, R&D networks & internal stakeholders.

https://dunyanews.tv/en/Business/442575-JW-Forland-Automotive-Plant-inaugurated-in-Lahore

 

[desan]

Yes I know - this news happened twice - once 2016 and then again in 2018 :)

So, whatever happened to that promise made by Suzuki???

 

[adeel.zafar]

So, whatever happened to that promise made by Suzuki???

That I don't know :ROFLMAO:

But the news from 2016 says:

The new project will be completed within two years and may start production by the end 2018, he said.

 

[profiler]

Hi Friends,

I have noticed that some of us have been posting the news from past (or the things that have been set into motion in past) as the achievements of PTI.

I am sure PTI in next 5 years will do wonders for Pakistan but for the time being, lets stop lying to ourselves please. Lets not falsely claim stuff.

Let me point out the issues one by one:

ExxonMobil
ExxonMobile re-enterance to Pakistani market is being attributed to Imran Khan. But even ExxonMobil CEO (from asia region I believe) admitted in his letter that they have been trying to enter Pakistan for a while and in this regard they have already acquiring a 25% stake in offshore drilling in May 2018. See news links below.

"Chief Executive Officer (CEO) Irtiza Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years.

ExxonMobil has made major strides to re-enter the Pakistani market which included acquiring a 25% stake in offshore drilling in May this year."

References:
https://tribune.com.pk/story/1721191/2-exxonmobil-acquires-25-stake-offshore-drilling-pakistan/
https://profit.pakistantoday.com.pk...n-pakistan-after-nearly-three-decades-report/

JW Fordland

JW Fordland works was done in previous government too. See links below.

JW Forland Automotive Plant inaugurated in Lahore
Last Updated On 05 June,2018 09:51 pm
https://dunyanews.tv/en/Business/442575-JW-Forland-Automotive-Plant-inaugurated-in-Lahore

Suzuki investment

Suzuki said in 2016 that they are planning to invest $460 million in Pakistan to setup another car plant in Pakistan.

Pak Suzuki to set up $460m car plant
The Newspaper's Staff ReporterDecember 16, 2016
ISLAMABAD: Pak Suzuki is planning to invest about $460 million to set up another car plant in Pakistan and is lobbying to avail tax breaks available to new entrants.

https://www.dawn.com/news/1302571

I am hopeful that PTI will have things of their own to showcase within a year or so. But in the mean time - lets keep it real :)

Thank you .

Thanks for setting the record straight. In my opinion, the initiation of plans is used normally for political point scoring, as a member of the public we should not take pride in which political party was responsible for the planning. The important thing is whether we got the fruition of the plans or not. For decades politicians are playing this game of lip service and cosmetic changes. The public should only acknowledge their efforts when they get the results.

 

[desan]

That I don't know :ROFLMAO:

May be govt was toppled before the promise could be fulfilled - who knows what happened.

Here is the answer.
Feel free to delete this thread.

The Pakistan Tehreek-e-Insaf (PTI) government’s desire to get the $450-million investment by Pak Suzuki Motor Company remains a distant dream, as the Japanese car assembler has once again linked its investment with tax benefits that are available only to new entrants.

To secure the $450-million investment, the government will have to amend the Automobile Policy 2016 that clearly bars extending Greenfield investment project status to the existing three Japanese car assemblers including Suzuki Motors. If the government still decides to accept the $450-million investment offer, it will be seen as a favour to the company.

Under the existing policy, the company’s investment will fall in the category of Brownfield project – the existing ones – but it is seeking benefits of the Greenfield project, said officials in the Ministry of Industry.

The Pakistan Muslim League-Nawaz (PML-N) government had stood its ground two years ago and refused to give these tax benefits to the three assemblers, as it wanted to break their monopoly by bringing in at least one European and other Asian brands.

Pak Suzuki senior executives on Tuesday met with Prime Minister Imran Khan and vowed to invest $450 million to expand its operations in Pakistan. After the meeting, Finance Minister Asad Umar had said that it was an “excellent day from a foreign investment perspective, as Global Chairman Suzuki Motors visited and expressed interest in investing $450 million to expand car production in Pakistan”.

There would not be a party-specific decision and any amendment in the automobile policy will be done in consultation with all stakeholders, including the new entrants, said Ministry of Industries Secretary Azhar Chaudhry.

After introduction of the new policy, French automobile manufacturer, Renault and South Korean players, Kia Motors and Hyundai, have decided to start assembling cars in Pakistan. This month, Volkswagen also signed an agreement with a dealer of luxury cars to assemble vehicles in Pakistan.

All this would help break the monopoly of existing industry players, besides providing a chance to consumers to buy better-quality vehicles at comparatively lower prices.

Investors should take the country risks and it should provide a level-playing field for all players, said Board of Investment (BOI) Chairman Haroon Sharif, while responding to a question regarding the Pak Suzuki Motors’ demand.

Pak Suzuki eyes benefits
A major incentive for the new investors is the reduced 10% customs duty on non-localised parts for five years, which is only one-third of rates available to the existing players. Similarly, localised parts can be imported by new entrants at 25% duty for five years, also nearly half of the rates being available to the existing players.

The government has allowed one-off duty-free import of plant and machinery for setting up an assembly and manufacturing facility. It has also permitted import of 100 vehicles of the same variants in the form of completely built units (CBUs) at 50% of the prevailing duty for test marketing after the ground-breaking of the project.

Without getting these preferential treatments, no new foreign manufacturer can establish footprints in Pakistan due to a strong network of the three existing assemblers.

What policy says?
The Greenfield project is defined as “installation of new and independent automotive assembly and manufacturing facilities by an investor for the production of vehicles of make not already being manufactured in Pakistan”. ‘Make’ is defined as any vehicle of whatever variant produced by the same manufacturer.

The three existing players badly failed to localise their production despite availing all types of benefits during the last three decades. Today, prices of their vehicles are highly sensitive to exchange rate fluctuations.

Pakistan welcomes Pak Suzuki Motors’ decision to invest but now the company should get into a new range and improve quality of its parts so that it can be exported to the rest of the world, said the BOI chairman. He emphasised that competition should be encouraged to reduce prices for consumers and provide them more options. Pak Suzuki is the largest vehicle assembler and specialises in small and medium-sized cars.

https://tribune.com.pk/story/1856324/2-suzuki-links-450m-investment-greenfield-status/

 

[adeel.zafar]

Here is the answer.
Feel free to delete this thread.

The Pakistan Tehreek-e-Insaf (PTI) government’s desire to get the $450-million investment by Pak Suzuki Motor Company remains a distant dream, as the Japanese car assembler has once again linked its investment with tax benefits that are available only to new entrants.

To secure the $450-million investment, the government will have to amend the Automobile Policy 2016 that clearly bars extending Greenfield investment project status to the existing three Japanese car assemblers including Suzuki Motors. If the government still decides to accept the $450-million investment offer, it will be seen as a favour to the company.

Under the existing policy, the company’s investment will fall in the category of Brownfield project – the existing ones – but it is seeking benefits of the Greenfield project, said officials in the Ministry of Industry.

The Pakistan Muslim League-Nawaz (PML-N) government had stood its ground two years ago and refused to give these tax benefits to the three assemblers, as it wanted to break their monopoly by bringing in at least one European and other Asian brands.

Pak Suzuki senior executives on Tuesday met with Prime Minister Imran Khan and vowed to invest $450 million to expand its operations in Pakistan. After the meeting, Finance Minister Asad Umar had said that it was an “excellent day from a foreign investment perspective, as Global Chairman Suzuki Motors visited and expressed interest in investing $450 million to expand car production in Pakistan”.

There would not be a party-specific decision and any amendment in the automobile policy will be done in consultation with all stakeholders, including the new entrants, said Ministry of Industries Secretary Azhar Chaudhry.

After introduction of the new policy, French automobile manufacturer, Renault and South Korean players, Kia Motors and Hyundai, have decided to start assembling cars in Pakistan. This month, Volkswagen also signed an agreement with a dealer of luxury cars to assemble vehicles in Pakistan.

All this would help break the monopoly of existing industry players, besides providing a chance to consumers to buy better-quality vehicles at comparatively lower prices.

Investors should take the country risks and it should provide a level-playing field for all players, said Board of Investment (BOI) Chairman Haroon Sharif, while responding to a question regarding the Pak Suzuki Motors’ demand.

Pak Suzuki eyes benefits
A major incentive for the new investors is the reduced 10% customs duty on non-localised parts for five years, which is only one-third of rates available to the existing players. Similarly, localised parts can be imported by new entrants at 25% duty for five years, also nearly half of the rates being available to the existing players.

The government has allowed one-off duty-free import of plant and machinery for setting up an assembly and manufacturing facility. It has also permitted import of 100 vehicles of the same variants in the form of completely built units (CBUs) at 50% of the prevailing duty for test marketing after the ground-breaking of the project.

Without getting these preferential treatments, no new foreign manufacturer can establish footprints in Pakistan due to a strong network of the three existing assemblers.

What policy says?
The Greenfield project is defined as “installation of new and independent automotive assembly and manufacturing facilities by an investor for the production of vehicles of make not already being manufactured in Pakistan”. ‘Make’ is defined as any vehicle of whatever variant produced by the same manufacturer.

The three existing players badly failed to localise their production despite availing all types of benefits during the last three decades. Today, prices of their vehicles are highly sensitive to exchange rate fluctuations.

Pakistan welcomes Pak Suzuki Motors’ decision to invest but now the company should get into a new range and improve quality of its parts so that it can be exported to the rest of the world, said the BOI chairman. He emphasised that competition should be encouraged to reduce prices for consumers and provide them more options. Pak Suzuki is the largest vehicle assembler and specialises in small and medium-sized cars.

https://tribune.com.pk/story/1856324/2-suzuki-links-450m-investment-greenfield-status/

Thanks for posting this news:

The Pakistan Tehreek-e-Insaf (PTI) government’s desire to get the $450-million investment by Pak Suzuki Motor Company remains a distant dream, as the Japanese car assembler has once again linked its investment with tax benefits that are available only to new entrants.

So does this mean it will again linger on and not implemented?

 

[adeel.zafar]

Thanks for setting the record straight. In my opinion, the initiation of plans is used normally for political point scoring, as a member of the public we should not take pride in which political party was responsible for the planning. The important thing is whether we got the fruition of the plans or not. For decades politicians are playing this game of lip service and cosmetic changes. The public should only acknowledge their efforts when they get the results.

100% agreed. We need concrete work now. Enough talking.

 

[Galaxy]

These companies needs to transfer the technology to pakistan not only assembly plant for local consumption.Pakistan needs to produce its own vehicles from A to Z with its own name and export world wide. Then and then only it is beneficial to pakistan.

 

[desan]

Thanks for posting this news:



So does this mean it will again linger on and not implemented?

Suspect commission was the main issue during last tenure.

"Today, prices of their vehicles are highly sensitive to exchange rate fluctuations."

Now, PTI government wants them to assemble their cars here.
This will provide,

# Price stability
# Create Jobs
# Result in technology transfer
# Healthy compitition

It will be a loss for Suzuki as other competitors appear to be salivating to come to this emerging economy of more the 200 million.

 

[adeel.zafar]

Suspect commission was the main issue during last tenure.

"Today, prices of their vehicles are highly sensitive to exchange rate fluctuations."

Now, PTI government wants them to assemble their cars here.
This will provide,

# Price stability
# Create Jobs
# Result in technology transfer
# Healthy compitition

It will be a loss for Suzuki as other competitors appear to be salivating to come to this emerging economy of more the 200 million.

Thanks but the news says that they want tax benefits that are available only to new entrants. Lets see what government decides after comparing pros and cons.

Lets hope for the best for our country.