Neo

ADB launches Pakistan Poverty Database

ISLAMABAD (December 06 2005): The Pakistan Resident Mission's (PRM) Poverty Group has compiled a user-friendly Pakistan-specific Poverty Database. The main purpose of the database is to assist in the production of timely and accurate poverty and socio-economic data for policy making and monitoring progress on government of Pakistan's development targets and commitments.

ADB's Country Director, Peter Fedon, in a statement here on Monday emphasised that the database will provide easily-accessible information on measuring progress on poverty reduction in Pakistan that will be a valuable resource for development practitioners, researchers, students, donors, the media and government of Pakistan.

This quantitative database is set up to monitor poverty specific matrices that have already been formalised and for which the targets, indicators, methodologies and data sources have been identified and agreed upon by the relevant stakeholders involved.


The database monitors progress in the Poverty Reduction Partnership Agreement Matrix, the Millennium Development Goals and the Poverty Reduction Strategy Paper Matrix.

Data is also provided on the same indicators from different sources wherever applicable for ease of comparison data from all the latest household surveys and will be regularly updated on a biannual basis.

ADB Pakistan Poverty Database was released on the ADB PRM external web site on December 2, and can be accessed through the following link:

http:/www.adb.org/prm/PovertyDB/default.asp

__________________
Administrator @ Defence.pk

Neo

December 06, 2005
Mobile phone adoption goes crazy in Pakistan

Incredible things are happening in Pakistan. Mobile phone subscribers grew from 2.4M in 12/2003 to 5M in 12/2004. That’s impressive, but going from 5M to 18M subscribers in the first 10 months of 2005 is incredible! Since telecom has a strong positive impact on productivity (exceeding that of roads, electricity and even education), I wanted to understand what had triggered this growth. The answer appears to be three things: increased competition, reduced restrictions on foreign direct investment (FDI) and reduced taxes, especially on service activation.

Here’s the story. In mid-November I stumbled on an article about the incredible growth of mobile phone service in Pakistan. Then just a few days later a good friend, Imran Qidwai, returned to Boston after visiting his family in Pakistan, so I quizzed him about what was going on. Imran’s account was fascinating, but based on snapshots at times he’d visited his family. I looked up the readily available statistics and found these: Mobile_phones_in_pakistan.pdf. I also found and printed some other articles. Then I got busy and dropped the subject for a few weeks. Three days ago I caught up on my reading while on the plane to Bangkok and I’ve done some more research on the web at strange hours here in my hotel. Finally, I realized I had another possible source of information, Usman Latif, who blogs as Techuser and lives in Sialkot, Pakistan. Sure enough, Usman filled in the missing details.


Here's Imran’s timeline as I scribbled it down a few weeks ago (apologies to Imran if I've mistaken something). Mobile phone service was introduced in 1990, with two operators but heavily regulated and taxed. (Usman recalls an activation fee of Rs. 20,000 as late as 1996, which I calculate as several times the average annual income at that time). What's more, service was blocked completely in some cities at some times to prevent terrorists from using cell phones. Things gradually began to change after a new telecom act in late 1996. As a result, when Imran visited in 1998, service was back on everywhere, but his brother didn't feel he could afford a mobile phone.

By 2001 there were four operators in the market (with the PTT entering the mobile market at the beginning of the year under the brand name UFONE) and the activation tax was down to Rs. 5000 (~US $85) . Things started to accelerate. By the end of 2002 there were 1.2M mobile subscribers and Imran's brother was now one of them.

It appears the real changes happened in 2004. First, in April the government granted two more licenses. Telenor won one of those licenses, built a network and launched services in February 2005. Warid won the other, launching services in April 2005. Second, in June 2004 the government abolished the remaining restrictions on foreign direct investment permitting foreign investors to retain 100% equity in their investments. And third, they dropped the activation tax to Rs. 500 (~ $ 8). Clearly, the two new operators coming on line in early 2005 have caused a lot of market activity, but their network build out was helped by the largest annual foreign direct investment that Pakistan has ever seen.

Finally, the cost of acquiring service has fallen below a critical breakpoint, in part by the reduction in activation fees and in part by the ever declining costs for mobile phones and mobile phone infrastructure. Usman has the best summary of where things are today:

“<a> critical factor in the rise of the mobile subscriber base in Pakistan has been the reduction in activation fees. <…>


“Also, I have noticed lots of poorer folk using used mobile handsets here. I don't have an accurate estimate of how much a barely functional used handset costs, but I believe the cost to be around Rs. 600 ($10) or less. This means a new subscriber only needs to spend a very nominal sum on a mobile connection these days, and pretty much everyone can afford to have a mobile connection.



“Another factor for the growth of the mobile subscriber base has been the rise of prepaid mobile access. The way prepaid service works is that a subscriber signs up for a mobile connection and periodically prepays for mobile service she is planning to use by buying fixed denomination scratch cards. There are no monthly connection charges in this system (although the prepaid credits, if not used, expire after a certain time) and the scratch cards are available in almost all retail locations. Additionally, the scratch cards are very affordable and start as low as low Rs. 250 (a little more than $4).”

Today, Imran’s brother’s family has four mobile phones. Only the youngest child is without and that's about to change. What’s more, he’s gotten prepaid phones for the cook and driver, so they’re always reachable. As Usman concluded his email “in Pakistan one can have very basic mobile service for less than a dollar a month, and there is absolutely no reason for anyone in Pakistan to be without a mobile number.”

All and all it’s a wonderful example for the rest of the developing world.

http://blogs.nmss.com/communications..._phone_ad.html

Neo

KARACHI, Dec 5: Consul General of Germany Verena Grafin Von Roedern on Monday termed the Pakistani economy safe for investment offering attractive returns because of higher population growth rate. She was speaking to members of the Karachi Chamber of Commerce and Industry and the visiting 17-member delegation of the German Near and Middle East Business Association. The delegation led by Andreas Hielscher is in Karachi to hold a seminar on “business information” for the KCCI members and explore two-way business opportunities.

The consul general said the high population growth rate enabled investors to be cost effective due to economy of size and get higher returns with minimum capital inputs.

She said every country in the world had its own weak points, therefore Pakistan instead of bothering about negative points should focus on its strong points that could attract foreign investment.

Counting the plus points, Verena Grafin said the price range of Pakistani products was comparable with other countries in the region and similarly, she added that Pakistan was offering similar incentives and concessions which other countries were offering to attract the foreign investment.

The consul general without giving any cut-out date said that the European Union was about to give the GSP Plus status to Pakistan under which local exporters would have more concessions. This would offer new opportunities for foreign investors in Pakistan, she added.

Talking about bilateral trade and direct foreign investment, she pointed out that German stakes were comparatively small but hoped that the present efforts would help spice this segment, resulting in more investment and economic activities between the two countries.

Andreas Hielscher, leader of the delegation and managing director of Hermos International GmbH, while appreciating the Pakistani business environment said that it was easy to do business in Pakistan as compared to Dubai. He also elaborated the comparison between the two places and said that his interaction with the KCCI would help understand the local business environment.

Christian Glosauer from the German Federal Office for Foreign Trade said that Pakistan was the third largest country in regard to use of compressed natural gas (CNG) for vehicles. He said his country had huge research and working experience in alternative energy, especially in CNG, solar and wind energy.

He said that these fields were quite attractive for countries like Pakistan and joint ventures or other modes of transactions that could help transfer of technology and bring about a revolution in the cost of production. He added that the present seminar would be a big breakthrough in this regard.

Dr Ashfaq H. Khan, director general, debt office, and economic adviser to the ministry of finance, made a presentation to the German team on the economic future of Pakistan, highlighting challenges and opportunities.—APP

http://www.dawn.com/2005/12/06/ebr13.htm

Endangered

Norwegian PM calls for more world aid

Pak-India talks to help resolve all outstanding disputes: Shaukat

Islamabad—Norwegian Prime Minister Stoltenberg Tuesday praised Pakistan’s impressive economic growth after meeting Prime Minister Shaukat Aziz here and said this would encourage companies from Norway to invest more in the country.

After 90 minutes of formal talks that included one-on-one meeting, the two Prime Ministers witnessed signing of agreements on cultural cooperation and on family problems arising out migration between the two states.

“You (Prime Minister Aziz) have been brave and shown willingness to implement the economic reforms and we are now seeing the results,” he said while referring to 8.4 per cent growth last year achieved by Pakistan.

Prime Minister Stoltenberg said the strong economic growth encouraged Norwegian telecom giant Telenor to invest in Pakistan which could not have been possible without these reforms.

Prime Minister Aziz told the Norwegian side about the wide- ranging reform process in almost every sector and the steps to ensure good governance and ensure transparency.

On the regional issues, he reiterated Pakistan’s strong desire for peace in the region and have good relations with all its neighbours.

He informed the Norwegian Prime Minister about the ongoing composite dialogue process with India to resolve all outstanding disputes between the two countries.

Prime Minister Aziz emphasised the centrality of resolving the long-standing Kashmir dispute in accordance with the aspirations of the Kashmiri people for ensuring lasting peace in the region.

Later talking to reporters with Prime Minister Aziz, Stoltenberg said Norway fully supports Pakistan-India dialogue.

He noted progress in the peace process while referring to Kashmir bus service and opening of crossing points on the Line of Control (LoC) in the wake of the earthquake. “We think that it (progress) is very important... it is much better that we have dialogue and we have progress,” he added.

He said Norway was trying to support the dialogue and promote the peace process between Pakistan and India. Prime Minister Shaukat Aziz expressed satisfaction over the formal talks that covered a host of bilateral and regional issues.

He thanked the King and Queen and the government of Norway for supporting Pakistan in the difficult time arising out of the October 8 earthquake. Norway on Tuesday announced to extend its financial assistance to 78 million dollars for the earthquake victims, after Prime Minister Stoltenberg visited the devastated areas in NWFP.

The Norwegian Prime Minister appreciated the response of the Pakistan government in meeting the challenges of the devastation. He particuarly praised the Pakistan army for their tremendous job in helping the quake-hit people, besides lauding the efforts of the international community.

The Norwegian Prime Minister appealed to the world community to mobilize more resources to help the families devastated by the tragedy. “ I appeal to the world to join Norway in increasing support before winter creates more problems in the quake-affected areas,” he added.

Meanwhile, Prime Minister Shaukat Aziz described a just settlement of the Jammu and Kashmir dispute as a fundamental aspect of the ongoing peace process with India to resolve all outstanding issues between the two South Asian countries. “Progress has been made in our Composite Dialogue Process (with India) and we hope it will help in promoting peace and cooperation in South Asia,” he said at a banquet he hosted in honour of the visiting Norwegian Prime Minister Stoltenberg.

Reiterating desire for peace and stability in the region, he said, Pakistan was seeking to resolve all differences with India.

__________________
Wild Wild Web

bull

Cars from India!!! why not try China???,for the first time ever they had more exports than imports.

They have better range on offer and also the product built quality is definitly better than the indian ones.

__________________
What's the difference between people who pray in church and those who pray in casinos?
The ones in the casinos are serious.

Neo

Pakistani market is big enough for India, China and the rest of the world.
China already has access to Pak automobile market.

Neo

KARACHI, Dec 7 Asia Pulse - Prime Minister Shaukat Aziz expects the inflow of direct and portfolio foreign investment with privatization proceeds will range between US$2 and $3 billion in the current fiscal year and expresses the confidence that the investment will up to constitute 25 per cent of the GDP by 2007.

"We are soon announcing a package for investment in the electric power generation sector," he announced on December 2 while inaugurating the First Pakistan Industry Conference organized by Mediators, a private consultancy, with the support of the Site Industry of Association and the Board of Investment.

ADVERTISEMENT


The industrial growth, Mr Aziz stressed, relied heavily on electric power supply and there was immense potential of investment in this sector. He expressed the hope that there would be an aggressive investment in electric power generation projects.

He said a 22 per cent growth in exports and a 20 per cent rise in revenue collection in the first four months of the current fiscal year was an ample manifestation of sound economic policies of the present government.

http://sg.biz.yahoo.com/051207/16/3x33b.html

Neo

WASHINGTON (December 07 2005): Over the next five years, the United States "will provide" to Pakistan more than three billion dollars in security, economic, and development assistance "to enhance counter-terrorism capacity and promote continued reform, including of the education system."

This was stated in a fact sheet, issued by the White House on Monday, showing progress on the 9/11 Commission recommendations. In respect of increasing co-operation and reform among international partners at the front lines of the war on terror, the fact sheet says, in Pakistan over the next five years, "we will provide more than three billion dollars in security, economic, and development assistance to enhance counter-terrorism capacity and promote continued reform, including of the education system."

"In the last three years, the United States provided more than 4.5 billion dollars in reconstruction, economic, and security assistance programmes to Afghanistan." The fact sheet says, President Bush's top priority is the safety and security of the American people.

It says, since September 11, President Bush has restructured and reformed the Federal government to focus resources on counter-terrorism and to ensure the security of our homeland.

The administration has worked with Congress to implement the 9/11 commission's recommendations. Since the Commission issued its final report, the administration has taken action on 37 of the Commission's 39 recommendations that apply to the Executive Branch and is working with Congress to continue to improve intelligence and homeland security.

http://www.brecorder.com/index.php?i...term=&supDate=

Endangered

Pakistan and India agree to open ports

KARACHI: Shipping experts from Pakistan and India have agreed to allow shipping companies under flags of these two countries to transport cargo to any third country using each other’s port facilities.

They also endorsed that seafarers from either side should be employed in each other’s shipping lines. This is expected to mainly benefit Pakistan, which has more than 20,000 seafarers searching for jobs. Head of the Pakistani negotiating team and Shipping Ministry Joint Secretary Hassan Zaidi told reporters that Indian experts welcomed their proposals which would become part of an accord soon. “Now our seafarers can sign in and off in each other’s country,” he said. Susheel Kumar, the Indian Ministry of Shipping joint secretary, who is leading his team, said that the meeting had decided to repeal articles of the Pak-India Shipping Protocol-1975 to match the current needs of regional and international markets. “We want to open ourselves for 3rd flag carriers,” he said, adding this would bring more business to both countries. He said an experts’ meeting would finalise the contents of the revised protocol which would be formally signed by the two governments after approval by their cabinets. Mr Kumar said that there had been no viable plan yet to start a ferry service between both countries.

Other members of the Indian delegation were Shipping Senior Deputy Director General Naresh Salecha, Ministry of External Affairs Under Secretary Pramita Tripathi, First Secretary to the Indian Embassy in Islamabad Sibi George, Representative of the Indian Shipowners Association Anil Devli and Deputy Secretary Danesh Kumar.

Neo

Pakistan, India allow third country ships to lift goods

ISLAMABAD: Pakistan and India agreed on Saturday to allow third-country ships to transport goods between ports in either nation.

The two countries, ending three days of talks on beginning a ferry service, also agreed to lift restrictions on their ships from carrying cargo for other nations from their ports, a ministry statement said.

After a two-day of extensive deliberations that ended on Saturday in Karachi.

Both sides agreed to delete paras 3 and 5 of the 1975 Protocol which were restricting lifting of cargo between the two countries by third country vessels as well as lifting of third country cargo by Indian and Pakistani flag vessels from each others’ ports.

The revised protocol on shipping would be signed after completion of necessary formalities by the respective governments.

The agreement on revised protocol "is expected to enhance tonnage under both the flags and also result in competitive shipping rates," said a joint statement issued here at the end of technical level talks between shipping officials of the two countries.

The Pakistani delegation was led by S M Hasan Zaidi, Joint Secretary, Ministry of Ports and Shipping while Susheel Kumar, Joint Secretary (Shipping), Ministry of Shipping, Road Transport and Highways headed the Indian side.

"The talks were held in a frank and cordial atmosphere. The two sides held detailed discussions aimed at reviewing the Shipping Protocol of 1975 with a view to improving the provisions of the Protocol," the statement said.

During the talks, the difficulties being faced by seafarers of both countries were addressed.

The two sides also initiated discussions to enter into a bilateral Maritime Shipping Agreement.

The Indian side handed over a draft Maritime Shipping Agreement for consideration by the Pakistani side. Both sides agreed to continue discussions for early finalization of a bilateral Maritime Shipping Agreement.

Meanwhile, Pakistan’s Maritime Security Agency arrested 40 Indian fishermen and seized their seven boats for fishing in Pakistani waters in the Arabian Sea, police said.

Neo

From Our Correspondent

FAISALABAD: Pakistan has improved its international trade performance in recent year owing to positive economic reforms in the last five years that have boosted merchandise trade/GDP ratio of the country, said Professor Dr Bashir Ahmad while addressing a seminar on "EU Agricultural Trade Performances for Developing Countries" on Saturday.

He added the primary commodities exports grew by 23.4 per cent to $ 919.3 million and a significant rise was witnessed in the export of rice (30.4 per cent) and raw cotton (171.4 per cent), which added $ 200 million to the overall export revenue.

The seminar was organised by the EU-Asia Link Programme in the old senate hall of University of Agriculture, Faisalabad (UAF).

He also said Pakistan’s exports are concentrated to cotton, leather, rice, synthetic textiles and sports goods and these account for 79.3 per cent of the total export during last year with cotton alone contributing 62.3 per cent, leather 5.4 per cent, rice 5.2 per cent and synthetic textiles 3.8 per cent.

Such a high degree of concentration of export in a few items was a major cause of instability in our export earnings, expressed Professor Bashir.

Earlier HEC advisor Dr Riaz Hussain Qureshi said that Pakistan was trading with a large number of countries but its export were highly concentrated in few countries. About one-half of Pakistan’s exports were with USA, Germany, Japan, UK, Hong Kong, Dubai and Saudi Arabia, he added.

HEC advisor also said among these countries the maximum export proceeds came from USA making up one-fourth of the total. Negotiations would start soon at Hong Kong, Dr Riaz also added and said it is expected that rich countries would press for more opening of markets in the developing countries by lowering tariff. International on the occasion, Humboldt University of Berlin Agriculture Trade and Development assistant professor Dr Herald Grethe pointed out the problems and objectives of EU agriculture trade for developing countries. He spoke about the increasing relevance of complex system of agricultural trade preferences being applied by the EU, conflicts in many cases with the WTO’s most favourite nation principle that would ensure equal and non-discriminatory treatment of WTO members.

UAF Faculty of Agriculture Economics and Rural Sociology Dean Prof Dr Muhammad Asghar Cheema also stated the government was trying to reform and build an atmosphere conducive for enhancing competitiveness by introducing measures for strengthening economic, social and physical infrastructure.

Prof Dr HJ Schwartz from the Humboldt University and Dr Philip Hollington, EU-NCO Project Coordinator from Germany also attended the seminar.

Neo

Pakistan and China to take identical position on issues
BEIJING (December 11 2005): Commerce Minister Humayun Akhtar met his Chinese counterpart Bo Xilai here and decided to take identical position on issues relating to World Trade Organisation (WTO).

"We are agreed to make joint efforts to develop consensus on the core issues to be discussed at WTO ministerial meeting scheduled in Hong Kong from December 13, Humayun said in an interview here on Saturday.

He said they were committed to protect the interests of the developing countries and ensure access of their products in the international market.

The talks that covered wide-ranging matters of bilateral interests were attended by other officials including Pakistan's Ambassador Salman Bashir, Joint Secretary Ministry of Commerce Shahid Bashir and Commercial Counsellor Shahid Mahmood.

Humayun termed his talks with his Chinese counterpart as highly productive for giving boost to their comprehensive economic partnership.

They agreed to initiate a joint feasibility study on further strengthening their economic ties, both at the macro and the micro levels, he said, adding that the terms of reference for the study would be finalised soon.

He said there was strong political desire on both sides to open new avenues of co-operation at bilateral and regional levels to improve socio-economic life of their peoples.

Humayun said the implementation of 'Early Harvest' programme from January would be a major step forward to attract the businessmen play their role in bringing the bilateral trade volume in conformity with the outstanding diplomatic ties. He noted that the two sides completed EHP in a short span of time and made considerable progress towards free trade arrangement.

"Our negotiations on Free Trade Agreement (FTA) have been marked by sentiments of respect, reciprocity and a profound desire to further deepen and broaden our trade relations," he remarked.

These negotiations will be completed by the end of next year. He expressed confidence that with the operationalisation of EHP, the bilateral trade would receive a quantitative jump. China will give zero-tariff treatment to 769 categories of goods imported from Pakistan, mainly involving vegetables, fruits, stone materials, cotton fabrics and man-made fabrics.

The economic initiatives taken during the last two to three years proved very effective and there was about 40 percent increase in overall volume of trade, whereas Pakistan's exports to China also showed an upward trend.

Humayun said: "We are looking forward to see maximum Chinese investment in the country and would encourage Chinese manufacturing units to relocate and shift operation to Pakistan."

The Commerce Minister said that Pakistan "is deeply interested" in promoting regional economic co-operation. "We have reached out to East Asia and are in the process of concluding FTAs and comprehensive economic partnerships with Asean members. We wish to develop interaction with Central Asian States through Shanghai Co-operation Organisation (SCO)," he added.

About Sino-Pak friendship, he said their all-weather time-tested friendship would remain evergreen. "Our strategic partnership and multilateral co-operative relationship will continue to receive strength in the years to come. This beneficial friendship is in the fundamental interests of our people and is indispensable for promoting regional peace and prosperity," he added.

Neo

'Solar energy excellent alternative to fuel, energy'
RECORDER REPORT
LAHORE (December 11 2005): The Lahore Chamber of Commerce and Industry President, Mian Shafqat Ali, has said that solar energy is an excellent alternative to fuel and energy, particularly for developing countries, like Pakistan, that receive high levels of solar radiation.

He was speaking at a one-day seminar on 'Solar Energy', arranged by the Lahore Chamber of Commerce and Industry to discuss the energy needs of Pakistan and solar energy as an alternative to satisfy these requirements.

It was also addressed by Mian Tajammul Hussain, honorary consul general of Turkey; Professor Dr Aftab Sohail Qureshi of Electrical Department UET Lahore and Dr Irshad Ahmad, senior project developer, Alternative Energy Development Board.

A German solar energy expert, Jurgen Grosser, made a presentation on solar energy. Former president of LCCI Mian Misbahur Rehman and Convener LCCI Standing Committee on Energy Farooq Iftikhar were also present on the occasion.

Mian Shafqat stated that energy was one of the most important burning issues of the country today. While the rapidly growing economy of Pakistan was placing additional demands on the power sector of the country, the prices of energy were increasing at an alarming rate as the major part of our energy come from thermal source using furnace oil mostly imported from abroad at higher rates.

He said that the demand for power was projected to increase from the present supply of 15,500 mw to 21,500 mw in 2010 growing at the rate of 7.9 percent per annum. "The major constraint in bridging the gap between supply and demand has been the reason that we have long waited for development of a consensus on the construction of big dams, which have been debated more on political considerations and less on technical consideration."

The LCCI chief was appreciative of the government effort exploring the option of increasing hydel power by building big dams at proper locations and to develop alternative sources of energy other than the thermal and hydel sources.

Speaking on the occasion, Farooq Iftikhar said that the business community was deeply concerned with ever-increasing cost of energy in Pakistan and its consequent adverse effects on the price structure of goods, which is rendering Pakistani goods uncompetitive in international market. He also expressed his concern over the utilisation of costly resources of generating power in the presence of cheaper alternative.

Endangered

Tata Daewoo to assemble trucks in Pakistan

By Aamir Shafaat Khan

KARACHI, Dec 13: Tata Daewoo Commercial Vehicle Company (TDCV) of Korea here on Monday signed a technical assistance agreement (TAA) with a local company for assembling Korean trucks in Pakistan.

The agreement was signed by Chae Kwang, president of TDCV, and Muhammad Ghufran, chief executive of Afzal Motors Private Limited. The ceremony was also attended by Chandra Vir Singh, vice-president, and M.S. Jung, director, Overseas Business Division of TDCV.

A senior executive at Afzal Motors told Dawn that the company would launch 4X2 and 6X4 truck tractor initially in completely built up (CBU) and start local assembly of the vehicle by the end of 2006.

He said the company aimed at producing 800 vehicles in the first year of its operation at its National Highway plant where it had invested Rs500 million and was currently rolling out Daewoo buses in collaboration with Daewoo Bus Corporation.

The executive said that the assembly plant had the capacity to produce 3,000 trucks on a single shift basis and added that it would apply to the Engineering Development Board (EDB) for the approval of deletion programme.

Prior to the entry of the Korean company in the country, Hinopak, Nissan, Dong Feng, Master and Isuzu are the old and new players. The production of trucks in July-June 2004-05 went up by 58.46 per cent to 3,204 units from 2,022 units in 2003-04. During July-October 2005, truck production stood at 263 units as compared to 160 units in the same period of 2004.

The production of trucks has been on the rise owing to positive economic indicators and rising activities of cargo movement both for import and export in the country.

Daewoo truck manufacturing company was started in Korea in 1973 and during the last 30 years, it remained a major player in the Korean heavy-duty truck market. In early 2004, Tata Motors Ltd of India took over Daewoo Truck Company and now it is a 100 per cent subsidiary of Tata Motors and renamed as TDCV.

http://www.dawn.com/2005/12/14/ebr10.htm

ajaybhutani

tata's have finally found a way to enter paksitani market ..