Tag Archives: MNC’s

Musharraf Era: Ushers in Multi-National Corporations

Compiled By: Mirza Rohail B

 

The right Manager manages his company with whatever resources he has, and manages to set it towards an unprecedented growth and prosperity, utilizing all internal and external factors. Musharraf proved to be the right Manager for Pakistan! MNC’s also provide excellent job opportunities; and with them bring in the required Capital, latest Technology, developed Human resources, management, quality & safety standards.

 

1.     Dubai Ports World announced on 1 June 2006, that it will spend $10 billion to develop Real estate, infrastructure and transport in Pakistan.

2.     Emaar Properties announced 31 May 2006, three Real estates developments in the cities of Islamabad and Karachi. The projects with a total investment of $2.4 billion will include developing commercial and residential property.

3.     Emaar Properties also signed a unprecedented $43 billion deal to develop two Island resorts – Bundal Island and Buddo Island – over the decade.

4.     International Petroleum Investment Co, owned by the government of Abu Dhabi in the United Arab Emirates; has received approval from Pakistan’s government to build a $5 billion Oil refinery at Hub in Baluchistan. The refinery, which will be Pakistan’s biggest, have the capacity to process 300,000 barrels of oil a day.

5.     2006: The government is all set to establish an ‘Oil city‘ with an investment of $40 billion at Gwadar Port to make it the biggest crude and refined oil storage base in the region. The government has allotted 12,500 acres of land in Gwadar. The Chinese Petroleum Chamber would come up with $12.5 billion investment plan for the project.

6.     Kuwait will establish an Oil refinery at Port Qasim, 50 km southeast of Karachi, at expected cost of $1.2 billion. Refinery would have the capacity to refine 100,000 barrels of oil a day.

7.     The Canadian conglomerate Cathy Oil and Gas signed a memorandum of understanding in late 2006 to invest $5 billion in oil and gas exploration, development, production and commercialization in Pakistan.

8.     Canadian Oil & Gas Company signed with Pakistan a $ 200 million project that would generate 50,000 direct jobs in Sindh. It will explore, develop, produce and commercialize of Coal Bed Methane (CBM) in Pakistan up-to 70,000 barrels a day for about 20 years.

9.     July 2006: The Government awarded three blocks in the country’s offshore Indus Delta to British Petroleum Pakistan. BP Pakistan (formerly known as Union Texas Pakistan) will Explore gas blocks U, V and W, covering an area of 21,000 square km, for oil and gas reserves.

10.  Dubai’s Foreign investment in Pakistan’s capital markets recorded significant growth in 2006 and more than doubled to Dh1.278 billion ($351.5 million) by June 30 this year. It stood at Dh554.9 million last year.

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Filed under Industrial sector, Investment, Musharraf Era, Pakistan Economy, Statistics & Indicators