The project will initially have installed capacity to produce Tablets, capsules & powder suspensions of Antibiotics and General Group medicines. Detail of the project cost is as follows:

Description	Rs. In Million
Land (already acquired)	5.760
Building and Civil Works	14.702
Plant and Machinery	9.473
Generators	1.500
Air-Conditioners	0.820
Furniture & Fixtures	0.528
Shelving and Equipment	0.700
Signage	0.200
Electric Installation	0.800
Contingencies	3.736
Pre-Operating, Unallocated Expenses	3.036
Total Fixed Cost	41.250
Working Capital	13.745
Total Project Cost	55.000

Project Justification / Profitability Projections:

The population of Pakistan is growing at the rate of 2.2% annually. The medicine requirements of the country are accelerating, placing a great demand for new investments in the area of establishing pharmaceutical manufacturing units. The local private sector is being encouraged to become a more active participant to establish the needed facilities

There are competitors from national and multinational companies producing similar medicines. A comprehensive market launch and promotional plan has been proposed for the marketing of the products of the company to justify demand of the products keeping in view the competitors sales promotion plans.

The porject will operate on 55% capacity utilization in the 1st year of its operation and gradually achieve over 90% capacity utilization in the 5th year based on single shift assumption. The five years projected operating result of the company offer reasonable return to shareholders, which are summarized here.

Project Sponsor:

The most of the sponsors of the project belongs to Medical and Business field. They possess ample Experience in their respective fields. The Management team of the Proposed Project shall comprise of Experienced Professionals in their respective fields.

Directors / Sponsors of the Company:

Chief Executive & Chairman Board of Directors
Dr. Muhammad Tahir Azam, (Lahore)

Project Financing:

The total capital cost of the project is proposed to be financed through equity investment and it is expected to offer (Insha Allah) reasonable return to the investors, which will be fully an Islamic mode i.e. Return on equity investment based on distribution out of income of the Company.

Achievements:

Registration as Public Limited Company Under The Companies Ordinance, 1984.
Preparation of feasibility report of the project.
Acquiring of 27 Kanals of land situated at main Raiwind Road, Lahore (maximum 15 minutes drive from Lahore).
Soil test and water check fround satisfactory.
NOC from Ministry of Industries and site verfication from Ministry of Health along with the approval of plan has been obtained.
Appointment of Sidat Hyder Qamar & Co. Chartered Accountants as auditors and consultants.
Appointment of Progressive Consultants (Pvt.) Ltd, a Engineering Consultants of the Project.
Awarding of the construction contract to Izhar (Pvt.) Ltd, a nationally renowned construction company.
70% of construction work has been completed. Target date for the completion is December 15, 2002.
Installation of Machinery and Equipment to be completed by the end of January 2003.
Issuance / approval of manufacturing license from Ministry of Health is expected by February 2003.
Production shall, Insha Allah, be commenced by March 2003.

For further information, please contact:

Dr. Muhammad Tahir Azam
Tel: 042-5169571, 5169009, 5152338-40
Fax: 042-5116111 Mobile No: 0303-7315464
E-mail: tahirazam@hotmail.com

Legal Status:

Project Cost: