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Project Description
Activities involved
Storage
Fumigation
Cleaning & Washing
Drying
Heat Treatment
Sorting & Grading
Pitting / Paste Making
Packing
Location
D.I. Khan (NWFP)
Land Area
2 Acres provided by Government of NWFP
Project Cost (approved)
Rs. 24.127 million
Date of Approval
07-05-2004
EDF Approved Funds
Rs. 20.400 million
Current Cost Estimate
Rs. 48.000 million
Management Set-up
A private limited had been registered with Securities
& Exchange Commission of Pakistan to implement and
operate the project. The Board of Directors of the company
consists of the representatives from PHDEB, Agriculture
Department NWFP, TDAP, Sarhad Development Authority
and the private sector people/growers. The day to day
affairs of the project will be run by staff to be hired
from the market.
Project Capacity
Processing of 2000 tons of raw dates based on 120 days
operation in a year i.e. one ton per hour
Current Status
The implementation of the project has been
delayed due to various reasons, including frequent changes
in the project location. Tenders for civil works are
being floated and tender opening is expected in last
week of March 2008.
The delay in project execution has resulted in exorbitant
increase in its capital cost. Therefore, private sector
investors are invited to join the Board on mutually
acceptable terms.
Projected Financial Results*
(Rs.in million)
Description |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
| Revenue |
20.960 |
32.081 |
42.688 |
44.099 |
45.151 |
| Gross Profit |
3.012 |
5.274 |
6.889 |
6.442 |
6.016 |
| Pre-Tax Profit |
2.026 |
4.279 |
6.089 |
5.814 |
5.560 |
| Net Profit |
1.603 |
2.569 |
3.534 |
3.317 |
3.119 |
IFRR = 24.9%
BEP = 38%
Payback Period = 3.1 Years
Benefit Cost Ratio = 1.08
* Theses are based on the study prepared in 2004
Expected Project Benefits
• Employment Opportunities : The development
and operation of the project will create direct as well
as indirect jobs, resulting in improved per capita income
and ultimately a better living standard for people of
the area.
• Increased and Extended Product Availability
: Reduction of produce losses/waste, thus resulting
in better supplies during and relatively stable prices.
• Improvement of Quality of Foodstuffs : Cleaning
/ Processing of dates will help in preserving their
quality and improvement of shelf life.
• Industrial Development : The establishment
of the project will also induce other people to make
investment in such activities which may result in development
of allied industries i.e. engineering and packing.
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