Chinese firm to invest $600 mln in Pakistan’s transportation sector

This photo taken on July 17, 2018 shows Pakistani commuters driving along a street in Karachi. (AFP)
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Updated 06 February 2020
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Chinese firm to invest $600 mln in Pakistan’s transportation sector

  • The company will launch services in Karachi by the end of the month
  • Big Chinese auto manufacturers seek clear vision before investing in Pakistan

ISLAMABAD: A Chinese technology company, Timesaco, plans to invest more than $600 million in Pakistan’s ailing public transportation sector, hoping to restructure and digitize it by imitating the Chinese model.

“Our company is trying to restore and restructure Pakistan’s public transportation system by replicating the Chinese model that will enable the relevant authorities to track the movement of vehicles and ensure their punctuality,” Media Manager of Timesaco Asad Ullah told Arab News on Thursday.

“The company intends to invest $600 million and this amount will increase with the scope of the business,” he added.

After launching “Tatu Mobility,” a transportation infrastructure network to promote the e-transportation sector business, in Rawalpindi and Islamabad, Timesaco is now set to move to the country’s southern port city of Karachi.

“In the second week of February, we will go to Karachi to meet with officials of Sindh government, including the chief minister,” he informed. “We are planning to launch the service in the third or fourth week of February 2020 in Karachi.”

The company provides wide-ranging mobility services, such as taxi-hailing facility, pick and drop, bus booking, vehicle rental, and other related technological solutions.

By launching mass transportation services in Pakistan’s megacity, Karachi, Timesaco will become the second international player in the transportation sector after Egypt’s SWVL. Foreign ride-hailing services, such as Uber and Careem, are already providing taxi services in the country’s seaside metropolis.

Tatu Mobility will provide an IoT (Internet of Things) based transportation network in which all existing private and public transportation networks will be restored, restructured and modified into IoT technology, he continued.

Currently, Timesaco is perusing two modes of investment: Under the first one, the company will invest itself while, under the second, it will persuade other companies to invest in the country’s transportation sector.

The company also plans to streamline the existing yellow cabs and traditional taxi services in Pakistan which were largely affected by the launch of ride-hailing services.

“Negotiations with big Chinese companies have already been held, and many big players have agreed to invest in Pakistan. A plan is being considered where people will get yellow cabs and traditional taxi services with the involvement of government and banks,” Asad Ullah noted.

On the materialization of the plan, the traditional cab services will be digitized and brought on par with online services that will enable them to double their revenue.

“Vehicles will be imported from China for this purpose initially. It will also create an opportunity for the Chinese auto manufacturers to enter the Pakistani market which will offer people more choice,” he said.

Asad Ullah maintained that the Chinese companies had been informed about the existing opportunities and were likely to come to Pakistan if they saw the potential to get enough return on investment.

“In the longer run, they may get convinced to start manufacturing in Pakistan. Our aim is also to bring such players into the Pakistani market,” he said.


Pakistan downs drones near Kohat after Kabul accuses Islamabad of deadly airstrikes

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Pakistan downs drones near Kohat after Kabul accuses Islamabad of deadly airstrikes

  • The exchange marks a sharp escalation in a conflict that began last month when Islamabad launched aerial campaign inside Afghanistan
  • Pakistani official says there is just one consistent demand from the Afghan side: ‘stop supporting terrorists, harboring their leadership’

ISLAMABAD: Pakistan on Friday said it had conducted “precision strikes” against militant camps and support infrastructure inside Afghanistan, with the Taliban authorities saying the strikes had hit civilians and damaged infrastructure in capital Kabul and other border provinces. 

The latest exchange marks a sharp escalation in a conflict that began last month when Islamabad launched a sustained aerial campaign inside Afghanistan, saying it was targeting sanctuaries of the Tehreek-e-Taliban Pakistan (TTP), a militant group responsible for a surge in attacks within Pakistan. The Afghan government denies the allegations.

A Pakistani security official confirmed on Friday that the strikes were carried out last night, destroying “four key locations,” including infrastructure of a corps headquarters and an ammunition dump in Kabul, a militant training camp in Kandahar, an oil storage facility in Kandahar, and a militant camp in Paktia. 

“The message is clear: no let-up, no negotiations, and no delegation sent by Pakistan,” the official, who requested anonymity, told Arab News. “There is just one consistent demand from the Afghan Taliban regime: stop supporting terrorists and harboring terrorist leadership or face the consequences.” 

However, the Taliban government said the strikes had hit non-military targets, with Taliban spokesman Zabihullah Mujahid stating on X that the bombardment hit Kabul, Kandahar, Paktia, and Paktika provinces. 

“With the continued airstrikes and crimes, once again the Pakistani military regime has bombed Kabul, Kandahar, Paktia, Paktika, and some other areas, destroying civilian homes in some places, which martyred women and children,” Mujahid said, adding that in some instances, the strikes hit “empty deserts and vacant spots.” 

In Kabul, police spokesman Khalil Zadran told AFP that the strikes killed four people and wounded 15 others, noting that residential homes were among the buildings hit. 

The Taliban further alleged that a strategic fuel depot in the southern city of Kandahar was destroyed.

“The Pakistani military regime’s aircraft set fire to the fuel storage of Kam Air, a private airline company, near Kandahar International Airport. This company supplies fuel to civilian airlines and United Nations aircraft,” Mujahid stated, adding that the “oppression will not go unanswered.” 

In response, the Afghan Ministry of National Defense claimed its Air Force targeted strategic Pakistani military centers in the Kohat area of Khyber Pakhtunkhwa on Friday morning. 

“During the strikes, the Kohat military fort was hit. Additionally, the command center for Durand Line combat operations and the office of the fort’s commander were precisely targeted,” the Afghan Ministry of National Defense said, adding that the strikes caused “heavy human casualties.” 

However, Pakistani security officials disputed the Taliban’s account of a successful strike, stating that the attack involved “rudimentary drones” that were effectively intercepted. 

“Afghan Taliban-backed FAK (TTP) terrorists tried to use three rudimentary drones in Kohat; however, the drones were effectively brought down,” said one official. “Due to falling debris, two civilians were injured.” 

Afghan and Pakistani forces have also clashed repeatedly at the border in recent weeks, hampering trade and forcing nearby residents to leave their homes. Casualty claims from both sides are difficult to verify independently.