AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 No Change 0 (0%)
BR30 31,226 No Change 0 (0%)
KSE100 98,080 No Change 0 (0%)
KSE30 30,559 No Change 0 (0%)

The Ministry of Industries and production has directed the Engineering Development Board (EDB) to stop payment to Shamrock-a private consultant it hired to project Pakistan at an international exhibition recently held in Germany-for its poor performance.
The EDB had hired Shamrock Communication, Karachi as event management company for a period of one-year and was tasked to coverage, reporting, transmission and other arrangements for Hannover exhibition, 2006.
Federal Minister for Industries and Production, Jahangir Khan Tareen has observed that the performance of Shamrock was very poor and directed that no amount should be released to the consultant without the approval of the Minister's office.
Sources confided to Business Recorder that the Shamrock was being penalised for releasing a news item to media mentioning exact number of delegates (220-member).
The revelation by the consultant disturbed the concerned as such a huge delegation has never gone to a fair before. Many said this had allowed a joy ride to many participants from ministry and EDB.
The EDB, despite the fact that last year's participation brought no significant orders of engineering goods, decided to spend twice public money as compared to last year's Rs 35 million. Prior to last year participation, the private sector itself bore the expenses.
EDB have spent over Rs 60 million in Germany and Rs 11.3 million in Pakistan. Of the total expenditure abroad, they paid Rs 25 million on acquiring 1100 sq mtr space for private companies, Rs 3 million for pavilion utilities and Rs 2.4 million to be paid to 22 translators/assistant and hostesses hired for the fair.
Besides, Rs 20 million were spent on the construction of stands and decore and contingencies and Rs 2.5 million on entertainment of the delegation during its stay at Hannover.
An amount of Rs 11.3 million was spent on delegates bags and batches, up-gradation of website, directory of exhibition and delegates, printing material, lapel pins, and 10,000 footballs, multimedia, invitation cards, freight and shipment including handling and delivery, consultancy charges, out-of-pocket expenses, bank charges, custom clearance, inland freight charges and CBI support programme-cost sharing.

Copyright Business Recorder, 2006

Comments

Comments are closed.