Unigel Capsules (Pvt) Limited, Karachi are in the process of establishing a basic manufacturing pharmaceutical unit for the manufacture of hard gelatin capsules. Their project has already been approved by the Ministry of Health. For this plant imported machinery and equipment with the understanding that they shall be allowed incentives as available under SRO 506(I)/94 dated 9.9.1994. However, the benefit of a lower customs duty on import of machinery and equipment for a basic manufacturing plant, available under the above said SRO is tied up with the condition of having the product included in the SRO 349(I)/85 dated 15.4.1985.
Hard Gelatin Capsules were deleted from this SRO in September, 1993 for granting tariff protection to an earlier project of Gelcaps Pakistan Ltd. in Hub, Balochistan. Consequently, for reasons stated above, Unigel Capsules are debarred from the benefits of SRO 506 and their imported machinery and equipment against two invoices PU1147-94 dated 12.7.1994 and No.6187 dated 18.4.1996 have been held up at Customs for clearance.
The matter was referred to the CBR but they have advised that approval be obtained by the ECC. The Board of Investment in May 1995 announced a package of incentives which included 10 per cent customs duty on the import of machinery and equipment for basic manufacture. The Ministry of Health has proposed the ECC to allow import of machinery and equipment to Unigel Capsules (Pvt) Ltd. for manufacturing (Hard Gelatin Capsules) with customs duty at the rate of 10 per cent.
Tin Plate Plant
Mitsubishi Corporation concluded a joint venture in Pakistan with a French steel group. Usinor and local firms to build a plant with an annual capacity of 120,000 tonnes of tin plate. The plant located about 80 km northwest of Karachi, is expected to be completed by the summer of 1999.
The joint venture, called Siddiqsons Tin Plate Limited will imports steel mainly Japan and France, and will make tin plate and sell it to local firms making cans for edible oil. Demand for tin plate in Pakistan is about 200,000 tonnes per year. The joint venture was capitalised at $14.10 million, with Mitsubishi taking a stake of about seven per cent.
Green Earth Recycling Plant
This plant inaugurated on March 13, 1998. The plant will recycle Tetra Pak's post consumer cartons into useful sheets of chip board which is a cheaper, durable and environmental friendly substitute of wood. TP has been developing methods to recycle post consumer cartons into number of useful finished products which include pressed board, furniture, shoe soles, synthetic lumber, car mats and film roll cores.
In a comprehensive so called life-cycle analysis (LFC) made by a third independent party in Europe, it was found out that TP cartons produce as low as or lower environmental impacts than refillable glass bottles. TP cartons are so light in weight and compact in shape that filled TP cartons use totally up to 35 per cent less energy than glass bottles during transport and distribution, reducing fuel consumption and emissions into atmosphere.
PQA to Build Jetty
Port Qasim Authority (PQA) has intentions to construct a small jetty for small vessels that are considering to shift their operations from the Karachi Port. These small vessels take goods and things to Dubai and nearby ports. At present they are operating from Manora Ghas Bunder, Karachi Port.
The PQA would invite private sector to construct the jetty on build, operate and transfer basis within one month's time. Sources in the KPT say a study on the project had been completed. The jetty would house a minimum of four to six vessels at a time and the private sector would charge wharfage and port dues from the firms which would use the berth.
The port authorities have earmarked an area of 300 metres in the eastern zone adjacent to the berth No. 1 of the marginal wharf where the traffic coming from Karachi Port would easily be accommodated. The PQA sources said the establishment of the jetty would help in generating extra revenue to the Port Qasim which has vast potential for development and so far its potential were not fully exploited. The location of the small jetty for the marine craft would be ideal for having direct access to waterfront for industries and commercial enterprises relying on imports as inputs and sale of output in the regional markets.
Oil Refinery: PERAC plans to set up a project for oil refinery in Badin area in collaboration with a Korean group. The cost of project is $90 million which is aimed at refining 35,000 to 40,000 barrels of locally produced crude oil. Pre-Investment feasibilities have been conducted which will be sent to the government for approval.
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|Title Annotation:||Unigel Capsules Ltd. in Karachi to put up manufacturing pharmaceutical unit; Mitsubishi Corp. undergoes joint venture with Usinor|
|Date:||Feb 1, 1998|
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