Corporate News

LAHORE: Mr. Mike Nithavrianakis, British Deputy High Commissioner along with Ms. Sumera Naveed, Senior Trade Manager, visited NESPAK House, Lahore. Dr. Tahir Masood, Managing Director NESPAK, welcomed the honourable guests. On this occasion, MD NESPAK gave a corporate presentation to the British High Commissioner. He highlighted NESPAK achievements with special emphasis on projects in hand. The MD also explained the working of NESPAK, human resources, projects and financial status as well as its expertise regarding various engineering fields. NESPAK senior professionals also attended the meeting.
During the meeting, discussion was held on future collaboration between UK’s Engineering Companies and NESPAK. Public Private Partnership projects as well as future investment by UK companies in Pakistan was also discussed. The British envoy lauded NESPAK services in the field of Engineering consultancy. With the cooperation of British High Commission, NESPAK can target the UK market by developing links with UK companies. This mutual arrangement is likely to herald new business opportunities for NESPAK in Pakistan and the European market.
ISLAMABAD, Nov 11 (APP): Senate Standing Committee on Energy was told on Monday that National Engineering Services Pakistan, Limited (NESPAK), since its inception in 1973, had completed 3,578 development projects at national and International levels.
"NESPAK undertakes total 3,944 local and foreign projects, out of which some 3,055 development projects have been wrapped up within the country while 523 abroad," the officials of NESPAK told the committee which met here with Senator Fida Muhammad in the chair. Some 331 national and 35 foreign development projects were underway, they added.
Sharing details of the ongoing projects in the country, the officials said the company was working on 35 development schemes in the federal capital, 79 Punjab, 22 Sindh, 42 Khyber Pakhtunkhwa and others.
NESPAK was also carrying out development schemes in other countries including 12 in Qatar, 9 in Saudi Arabia, 8 in Oman and others, they added.
The officials apprised the committee that NESPAK was undertaking maximum projects of the public sector including Water and Power Development Authority, National Transmission and Dispatch Company, National Highway Authority, Frontier Works Organization, Civil Aviation Authority, Railways and others.
They said the organization had generated some Rs. 97.2 billion and spent Rs. 80.14 billion during the last 45 years in addition to the payment of Rs. 4.2 billion taxes.
The official told the committee that last year’s revenue generation of NESPAK was around Rs. 8.2 billion.
Senator Numan Wazir Khattak stressed the need for hiring local consultants instead of foreigner.
The Managing Director NESPAK said the company preferred to hire consultants from the country but foreign consultants had to be hired on the request of the project’s donor.
Senator Siraj ul Huq underlined the need for evolving a mechanism that would ensure timely completion of development projects, besides blacklisting the companies which caused inordinate delay in execution of development schemes.
He said timely completion of development projects helped avoid extra burden on national exchequer and public inconvenience.
Senator Nauman Wazir Khattak, who was heading a sub-committee on energy formed recently to investigate “high tariff, capacity charges, heat rates and calculation of pay back periods of Independent Power Producers (IPPs), submitted its detailed report over the matter.
The committee meeting was also attended by Senators Pervaiz Khattak, Dilawar Khan, Maulvi Faiz Muhammad, Minister for Power and Petroleum Omar Ayub and officials of NESPAK and the ministry.
Dr. Tahir Masood, Managing Director NESPAK, conducted a business appraisal visit to Qatar from August 25 to 28, 2019 and met Heads of top companies in Doha. During his visit, MD NESPAK held meetings with Mr. Saad Ahmed Ibrahim Al Mohannadi, President of Ashghal, Mr. Khalid Saif F. S. Al-Khayareen, Manager of Drainage Networks, Public Works Authority (Ashghal), Mr. Youssef Ali Al-Obaidan, Chief Executive Officer, Al Meera Consumer Goods Co., Dr. Engr. Zayed Mansoor Saif Al Khayarin, Chairman, KG-Group and Mr. Jeffrey Chen, Managing Director of Huawei Gulf North Region. The meeting with President of Ashghal was arranged by Embassy of the Islamic Republic of Pakistan. Mr. Salman Ali, Commercial Secretary also joined the meeting.
The purpose of the visit was to explore new business prospects for NESPAK. During the meetings, MD gave a detailed introduction of overall set-up of NESPAK and its office in Doha and emphasised on NESPAK's professional capabilities in the energy, infrastructure and other development sectors. He explained details of projects designed and supervised by NESPAK in Qatar and other parts of the world. He also presented the NESPAK portfolio and urged companies like Huawei to collaborate with NESPAK in future projects in the Gulf Region. Meanwhile, the Executive Finance Director Shahzada Khurrum of Sama Global Investment Group showed keen interest to collaborate with NESPAK for its upcoming investment programs in Eastern Europe and South America. The Managing Director NESPAK also attended a meeting with Mr. Ahmad Ali Al Mannai, Vice Chairman (GSSG) Holdings. He discussed the prospects of NESPAK's services in the upcoming GSSG educational project.
In the wake of an earthquake in Mirpur (AJK) on September 24, 2019, Pakistan Water and Power Development Authority (WAPDA) Chairman Lt. Gen. Muzammil Hussain (R) along with Dr. Tahir M. Hayat, Executive Vice President NESPAK, visited the Mangla Dam and its components comprising of the main dam, spill way, and power house. The Mangla Dam and Power House were safe and had not suffered any damage after the recent quake.
Mr. Wolfgang Gotsch, Regional Group Director ILF Germany along with Mr. M. Inam, Managing Director IFL Pakistan (Pvt.) Limited and Mr. Adil Mahmood Khan, MD Operations ILF, visited NESPAK House, Lahore, on July 24, 2019. Dr. Tahir Masood, Managing Director NESPAK, welcomed the honourable guests and gave them an introduction of NESPAK. The officials were very impressed by the NESPAK set-up besides Mr. Gotsch negated the general perception about working in Pakistan and showed interest in promoting relationship with NESPAK while identifying opportunities across major business lines. He also offered the Management of NESPAK to jointly work on upcoming projects in various development sectors in Pakistan, Middle East and African countries.
MD NESPAK briefed them about NESPAK's working in the Middle East, Nigeria and Saudi Arabia. Mr. Gotsch told the hosts that he had recently joined ILF, which has been working in Pakistan for the last 20 years. He also explained his vision and appreciated NESPAK for offering a helping hand.
Mrs. Iffat Jameel, former Principal Staff Officer to Managing Director NESPAK, passed away on October 28, 2019 in Lahore due to cardiac arrest. It was a shocking news for everyone at NESPAK. Mrs. Jameel was soft spoken, hardworking and a very punctual member of NESPAK fraternity. She inspired respect, trust, loyalty and affection of colleagues. Her services for NESPAK will always be remembered with reverence. She is survived by a son and a daughter.
May Allah Almighty rest the departed soul in eternal peace and grant patience and strength to the bereaved family to bear this loss, Amen!
NESPAK celebrated the 72nd Independence Day by arranging ceremonies at NESPAK House, Lahore, Karachi, Islamabad, Peshawar and other offices on August 14, 2019. The ceremonies were started with recitation from the Holy Quran and prayers were made for the national unity and progress of the country.
At Lahore Head Office, Dr. Tahir Masood, Managing Director NESPAK, hoisted the national flag amid Independence Day drill performed by NESPAK security guards and national anthem was played. Speaking on the occasion, MD NESPAK expressed one's love for the country and its importance. He said that all employees at NESPAK are just like a family and everyone should make their contribution by working hard for the Company. On this occasion, MD gave away shields to those employees who demonstrated good performance during the year. In the end, MD NESPAK cut a cake along with former MDs and senior officials to mark the celebration. At Islamabad Office, Mr. Abdul Qadeer, GM/Head, addressed the participants with a motivational speech. A ceremony was also held, in which “Employee of the Year Award” was given to the most hardworking and deserving Professionals, Paraprofessionals and support staff of Islamabad office and DM&R Division.