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PQA receives EoIs for $2 billion projects

IQBAL MIRZA

KARACHI (May 12 2006): Port Qasim Authority (PQA) has received Expressions of Interest (EoIs) from more than 12 foreign investors for various projects costing around two billion dollars following floatation of tenders on its website and in foreign newspapers.

Incredible indeed, within a span of four months, January to April 2006, 11 foreign investors visited Port Qasim and desired to be involved in various projects launched by PQA.

Sources involved in ports and shipping business say that the turnaround is the result of the fast-track policy initiated by Federal Minister for Ports and Shipping, Babar Khan Ghouri and the vision envisaged by the new Chairman, PQA, Vice-Admiral, Asad Qureshi. The dynamism showed by the duo has generated a lot of interest among the foreign investors.

Mitsui and Co Ltd of Japan alone has shown interest in setting up a LNG terminal at a cost of One billion dollars. Among the other important projects include LNG terminal now being developed by Malaysian firm PROGAS on BOT basis at a cost of 25 million dollars. The terminal with handling capacity of 0.5 million tonnes per annum, will accommodate 30,000 DWT class vessels.

Setting up of a dedicated Liquid Cargo Terminal at an estimated cost of 11.4 million dollars by FQA Enterprises (Pvt) Ltd, a joint venture of Felda Malaysia and Westbury Pakistan. Since Qasim International Container Terminal (QICT) has reached the capacity mark of 0.5 million tonnes, second terminal at a cost of 211 million dollars with handling capacity of one million TEUs is planned in private sector on BOT basis to handle increased volume of container traffic.

To avoid huge recurrent maintenance and capital dredging, PQA plans to purchase a 6000 cum Suction Hopper Dredger. The project has approval of the Government of Pakistan. PQA is currently seeking soft loan through financial institutions for purchase of the dredger at an estimated cost of around Rs 2500 million.

Grain/Fertiliser Terminal with handling capacity of four million tonnes, on BOT basis, is planned to be developed at the Port at a cost of $50 million.

Two desalination plants at a cost of $160 million each with a capacity of 25 MGD are planned to be completed by the end of 2007. An agreement was signed in August 2005 with California Enviro-Management Inc, USA for allotment of 2x2 acres for the establishment of proposed plants.

The Textile City to be established in Eastern Zone of PQA will provide all infrastructure facilities necessary for optimal operations of textile companies. The expected project cost is Rs 3.6 billion excluding power plant & wastewater treatment plant that would cost Rs 5.1 billion.

The projects in the pipeline are: establishment of 2nd iron, ore and coal berth at an estimated cost of $50 million, 2nd oil jetty at an estimated cost of $20 million, Clinker/cement terminal at an estimated cost of $30 million, marine workshop and dry dock facilities at an estimated cost of $10 million. All these projects will be developed on BOT basis.

Some of the major establishments at the port are: Industries: ICI-PTA plant, Indus Motors, FJFC fertiliser plant, LPG & storage facilities, Engro Asahi, and BOC gases.

Terminals: FACTO, QICT, EVTL, IOCB, and MPT. Refinery: Awam Palm Oil Refinery. Container freight station: Shaheen freight station, Qasin Container Freight Station. Warehouses: Marine Pride, International House Limited, Fazal Sons, Transpak, Mansoor Jamal, etc Power plant: KESC thermal power plant, and University: National Textile University.

So far 91 units are operational while 49 units are under completion phase. PQA's mission statement is- to develop Port Qasim into premier port of Pakistan with integrated industrial and commercial facilities by being customer service oriented and financially healthy organisation operating under landlord concept.


Copyright Business Recorder, 2006

thats awsome...its just great. I believe by 2020 we will be fully developed country...

i wish i could share your optimism but with our social indicators eg spending on health and education i don't think thats possible.

Fully developed means having GDP per capita of $25,000 and having a GDP of $3 trillion for Pakistan size countrys. Pakistans GDP is $135 billion we need to do alot more and will take long time before we reach even 10% of that.

Countrys like Taiwan, Singapore, South Korea, Hong Kong and soon Malaysia are in the "fully developed" league

but i thought being developed means that people of a country are not classified as poor or below poverty line..
And just a question! in 13 years cant we achieve 2500$ per capita. I mean i think in 3 years our per capita income rose from 500 to 800$..
Plz correct me if i am wrong..

South korea and taiwan are not fully developed also add US,germany,france,UK,and Canada to the list.Pakistan could as well be super power by 2050 but by 2020 seems far fechted

if the economy grows at a minimum rate of 6% a year for 13 years ie till the year 2020, then our per capita income should be around $1700. however, that is a very basic calculation keeping all things equal and using $800 as a base figure and 6% compounded for 13 years.

at 6% over 13 years per capita will be $1700

at 7% over 13 years per capita will be $1900

at 8% over 13 years per capita will be $2175

WTF are you talking about do you know what developed means, on how on earth is UK not developed

i dont think south korea and malaysia have per capita GDPs of $25K. all of these countries are classified as medium developed. pakistan can become a medium developed country in 15 years. it will take consistent economic policy and prudent governance to do so. i believe its totally possible. by the way, none of the above mentioned countries is truly democratic. something to think about.

i think its about $12000 for Malaysia.




so true, who said onlt western style democracy is essential for development? You can add China to that list, no democracy but what an economy!

The West stole/looted the riches of Africa and Asia, used countless slaves and their success today came at the price of many civiliaztions; was it democracy that made them successful?

Touche! exactly what i was thinking. the foundation stone for the wealth that has been generated by the west was lasi centuries ago through the looting of the entire world and the employment of cheap labour. They sustained it through investment in education and human resourse. Democracy flowed from that and not the other way round.

What is even more disgusting is that organizations like IMF which represent countries that looted Africa are putting African nations into continuous debt by giving them loans. How the hell do you give loans to a country you stole from? This is the glorious West folks!

more cynical than that is the fact that they lend to countries who they know haven't got a hope in hell of paying it back and also knowing full well the money will be squandered.

The Western world was much more of a dictatorship than the Muslim world was during the Industrial Revolution and Colonial Era; even today those Arab Peninsula countries are in a sence dictatorships/aristocracies. Democracy in a poor country with an uneducated population only ensures morons or corrupt would-be dictators take power.

Speaking of human and women rights, how did the Americans treat Aboriginals/Natives, Blacks and even Jews? Who started the intercontential slave trade? Weren't women just baby machines in England when Muslim women were studying philosophy and mathematics in Baghdad?

However one thing we Muslims and Easterners need to realize is that our problems were in essence caused by our own bad deeds; and could be prevented if we stood up for our morals and values.

GDP - per capita (PPP) :


Rank Country GDP - per capita (PPP) Date of Information
1 Bermuda $ 69,900 2004 est.
2 Luxembourg $ 55,600 2005 est.
3 Equatorial Guinea $ 50,200 2005 est.
4 Norway $ 42,400 2005 est.
5 United States $ 42,000 2005 est.
6 Guernsey $ 40,000 2003 est.
7 Jersey $ 40,000 2003 est.
8 British Virgin Islands $ 38,500 2004 est.
9 Hong Kong $ 37,400 2005 est.
10 Switzerland $ 35,300 2005 est.
11 Iceland $ 34,900 2005 est.
12 San Marino $ 34,600 2001 est.
13 Ireland $ 34,100 2005 est.
14 Denmark $ 33,400 2005 est.
15 Austria $ 32,900 2005 est.
16 Canada $ 32,900 2005 est.
17 Cayman Islands $ 32,300 2004 est.
18 Australia $ 32,000 2005 est.
19 Belgium $ 31,900 2005 est.
20 United Kingdom $ 30,900 2005 est.
21 Japan $ 30,700 2005 est.
22 Finland $ 30,600 2005 est.
23 Netherlands $ 30,600 2005 est.
24 France $ 30,000 2005 est.
25 Singapore $ 29,900 2005 est.
26 Germany $ 29,800 2005 est.
27 Sweden $ 29,800 2005 est.
28 United Arab Emirates $ 29,100 2005 est.
29 Isle of Man $ 28,500 2003 est.
30 Italy $ 28,400 2005 est.
31 European Union $ 28,100 2005 est.
32 Gibraltar $ 27,900 2000 est.
33 Monaco $ 27,000 2000 est.
34 Taiwan $ 26,700 2005 est.
35 Qatar $ 26,100 2005 est.
36 Spain $ 25,200 2005 est.
37 Falkland Islands (Islas Malvinas) $ 25,000 2002 est.
38 Liechtenstein $ 25,000 1999 est.
39 New Zealand $ 24,200 2005 est.
40 Andorra $ 24,000 2004
41 Brunei $ 23,600 2003 est.
42 Greece $ 22,800 2005 est.
43 Kuwait $ 22,800 2005 est.
44 Israel $ 22,300 2005 est.
45 Faroe Islands $ 22,000 2001 est.
46 Macau $ 22,000 2004
47 Aruba $ 21,800 2004 est.
48 Cyprus $ 21,600 NA
49 Slovenia $ 21,000 2005 est.
50 Bahrain $ 20,500 2005 est.
51 Korea, South $ 20,400 2005 est.
52 Greenland $ 20,000 2001 est.
53 Malta $ 19,000 2005 est.
54 Bahamas, The $ 18,900 2005 est.
55 Portugal $ 18,600 2005 est.
56 Puerto Rico $ 18,500 2005 est.
57 Czech Republic $ 18,100 2005 est.
58 French Polynesia $ 17,500 2003 est.
59 Barbados $ 17,400 2005 est.
60 Virgin Islands $ 17,200 2002 est.
61 Estonia $ 16,400 2005 est.
62 Hungary $ 16,100 2005 est.
63 Netherlands Antilles $ 16,000 2004 est.
64 Uruguay $ 16,000 2005 est.
65 Slovakia $ 15,800 2005 est.
66 Guam $ 15,000 2005 est.
67 New Caledonia $ 15,000 2003 est.
68 Martinique $ 14,400 2003 est.
69 Lithuania $ 13,900 2005 est.
70 Argentina $ 13,700 2005 est.
71 Oman $ 13,400 2005 est.
72 Mauritius $ 13,200 2005 est.
73 Latvia $ 13,000 2005 est.
74 Saudi Arabia $ 12,900 2005 est.
75 Trinidad and Tobago $ 12,900 2005 est.
76 Poland $ 12,700 2005 est.
77 Northern Mariana Islands $ 12,500 2000 est.
78 South Africa $ 12,100 2005 est.
79 Croatia $ 11,600 2005 est.
80 Turks and Caicos Islands $ 11,500 2002 est.
81 Chile $ 11,300 2005 est.
82 Antigua and Barbuda $ 11,000 2002 est.
83 Russia $ 10,700 2005 est.
84 Malaysia $ 10,400 2005 est.

http://www.cia.gov/cia/publications/factbo...r/2004rank.html

finally someone who shares my thoughts! lets be clear about one thing though, when we say 'armerican' what we mean is white settlers and same goes for the settlers of Australia. The fact is they were white anglo saxon and 'christian' and they were and are responsible for the greatest carnage seen in human history.

Never heard of these countries before.


What. Greenland has 20 grand per Capita. How the heck is it possible when no one lives there except for few scientists and geographers.

Its says Per Capita (PPP). Is it refering to Purchasing Power Parity because then Pakistan's per Capita is not $ 800 but more like $ 4,000.