Story of resignation of CEO Punjab Agriculture & Meat Company (PAMCO) (Outsourcing Operations & Management of Lahore Meat Processing Complex)

----- Original Message -----
From: Muhammad Zahid Inam

From: DR KHALID SHOUQ pakissan2002@yahoo.com


Story of resignation of CEO Punjab Agriculture & Meat Company (PAMCO)
(Outsourcing Operations & Management of Lahore Meat Processing Complex)

Punjab Agriculture & Meat Company (formerly known as Lahore Meat Company) is Govt of the Punjab owned not for Profit Organization registered under Section 42, Company Ordinance 1984.

Lahore Meat Processing Complex (modernized slaughtering & processing facility) is one of the projects of PAMCO. This is a joint venture project in collaboration with Mashhad Meat Industrial Complex Iran. Salient features of this project are as under;

History

• 1999 Lahore Metropolitan Corporation acquired 717 Kanal land at Shahpur Kanjra 18 KM Multan Road Lahore
• May 2010, Agreements were signed by Govt of Punjab for technical consultancy & 80:20 % JV with MMIC Iran.
• Lahore Meat Company was formed under Section 42, Company Ordinance 1984 in May 2010. The position of MD/CEO was internationally advertised &Dr. Hamid Jalil was selected as CEO in July 2010.

Construction process

Planned gestation period ~                                     18 months
Completion ~                                                         12 month
Designing, BOQs, top supervision etc.~                   MMIC Iran
Equity of MMIC Iran
Mechanical slaughtering equipment cost ~              Rs.300/-million

Equity of PAMCO Govt. of Punjab

Civil & mechanical works, etc. ~                             Rs.1200 million
Total approx. project cost~                                    Rs.1500 million

Lahore Meat Processing Complex ~ Features

• Mechanical slaughtering lines & processing system for beef & mutton
• Value addition through allied products
• Blood Rendering Plant, Meat & Bone Meal Rendering Plant
• Waste Water Filtration Plant
• Refrigeration & cooling system( Chilling, Blast freezing & Cold storage)
• Compliance of standards at all tiers of value chain
• Meat technology institute in collaboration with UVAS
• Contracted Internationally recognized Certification Body (Bureau Veritas Group)
• Contracted internationally recognized firm (CABROP) for e-tagging & traceability at all level

Operations

• Capacity: 500 beef & 6000 mutton animals/8hr shift
• Two shifts: One municipal & one commercial
• Local & export meat supply
• More than 2200 fattening farms registered with e-tagging system to ensure traceability system for supply of quality animals
• A meat brand, “ TAYBISH” registered
• Local Quarantine Certificate issued
• NOC awarded by Environment Protection Agency
• HACCP, ISO & Halal certification achieved
• Saudi Food & Drug Authority inspected ~ approval awaited
• Malaysian inspection for approval ~  due in May, 2012
• Mauritius approval in process
• Approval for Iran awarded
• Received demand from five Indian Ocean Islands ~ detailed finalized in consultation with Pak Ambassador & local businessmen
• Americana Company (supplier of Hardees Patties to 13 countries) visited & finalized business proposal with LMPC
• Malaysian Ambassador together with group of businessmen visited LMPC
• Received demand of by-products from Spain, Romania, China, India, etc

OUTSOURCING OPERATION & MANAGEMENT OF LMPC

• Ready for Project (RFP) package was vetted by the Finance & P&D Department Govt of Punjab.
• RFP package was also endorsed by the third party transaction advisor (M/S Ernst & Young).
• EOI was advertised in September 2011. Only one applicant was technically pre-qualified in response of 1st advertisement on 15 Oct 2011, which was not accepted on the basis of direct conflict of interest (M/S Polyline Pvt ltd a company owned by a powerful family of Punjab, was part of the bidder consortium).Dispute started from this event.
• EOI was re-advertised. In response to 2nd advertisement, four parties submitted their bids; three parties were prequalified.
• The RFP Package, agreement and bid documents were finalized by the eight members committee including three Board members.
• Out of four bidders one party M/S CoCo Traders & other partners (M/S Dogus Makina Turkish, and MS Martha German) emerged as the final candidatewho submitted financial bid.
• The evaluation of bid was carried out by the third party transaction advisor (M/S Ernst & Young).
• The bid evaluation report and the process of O&M was thoroughly perused by the Executive Committee, chaired by Secretary Livestock in its first meeting, the committee unanimously endorsed the process and recommended M/S CoCo trader (Pvt) Ltd as a successful bidder for formal approval of Board of Directors.
• The same was discussed in the Board on 28th Dec 2011 in its 13th meeting chaired by the Chief Minister Punjab and the, “house endorsed the process of O&M of LMPC and approved the recommendations of Executive Committee to award the contract to M/S CoCo Trader at 16% ROE for 15 years, the house also authorized the CEO/Management to sign the agreement”, thereby the finality of the transaction was achieved.
• Offer letter was issued, and contract was signed with M/S CoCo Traders Pvt Ltd (on behalf of three partners, M/S Dogus Turkey, M/S Martha German & M/S COCO Traders Pakistan) on 28th February 2012 after receiving the security amount of Rs.20 million.
• To hand over the charge of LMPC to M/S CoCo traders as Licensee before the last prescribed date (1st April 2012), the M/S CoCo Traders was liable to deposit performance security bond for three months revenue (Rs.60m) and to form Special Purpose Vehicle (SPV) of the other Bid partners that is M/S Dogus and M/S Martha German.
• Accordingly, M/S CoCo Traders submitted performance bond on March 31, that was proved invalid, furthermore SPV documents were also submitted indicating SPV name ‘Lahore Industrial Meat Complex (Pvt) Limited’ with certificate of incorporation and Form 29.
• It was astonishing to note that the said SPV which was supposed to be having composition of successful bidder M/S CoCo Trader and other partners (M/S Dogus and M/S Martha German), instead, a stranger Company, M/S Polyline Pvt ltd (owned by powerful family of Punjab) was present in SPV rather than the original partners (Form 29 of M/S Lahore Industrial Meat Complex Pvt ltd).
• This was a gross violation on the part of successful bidder M/S CoCo Traders who was originally pre-qualified on the basis of strength of other partners, M/S Dogus and M/S Martha German;
• The PAMCO management decided to take legal action & emergent meeting of executive committee was called on 4th April 2012 to get the approval of cancellation process.
• It is worth mentioning here that the same stranger company (M/S Polyline Pvt ltd -owned by the powerful family which is a subsidiary of HY Corporation holding company of Sharif Family----Form A& 29 can be verified from SECP) who emerged as a part of SPV formed by the M/S CoCo Traders was rejected by the PAMCO Management in response to 1st advertisement on the basis of direct clash of interest. The PAMCO management with the support of Executive Committee of BOD issued legal notices to cancel the agreement process of handing over O& M of LMPC to M/S CoCo traders &partner’s consortium.
• Consequent upon the legal action completed on April 18th, taken against the COCO Traders/Polyline, the CM Punjab called an emergent meeting of PAMCO BOD on 20th April 9 am, without any formal notice. Only public sector members participate. There was extremely aggressive & hostile attitude against the CEO, however CEO defended the management decisions & rendered his resignation.
• The above mentioned sequence of facts is self-explanatory to understand the background of resignation of CEO-PAMCO, who faced tremendous pressure for more than three months to accommodate a company, owned by the powerful family, but ultimately responded to his conscious. Now he is facing serious consequences. His name is placed on ECL & a malicious campaign is launched against him to cover up the facts. He is put under pressure to keep restrain from revealing the truth
• --
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Are you controlling them or vice-versa ?

Are you controlling them or vice-versa ?

We humans spend much of our time trying to control every aspect of our lives. Unfortunately, too often we try and control things that are simply beyond our control. The list of what we can control is quite short, but once you know these 10 things you will be able to take control of your own life.

1. What you do: Your actions are yours alone. You choose to make them or not make them and you are responsible for the effects of those actions.

2. What you say: Likewise, the words you speak (or write) are also consciously chosen. Like actions, they have an impact on your life and the lives of those you contact.

3. What you think:  Yes, there are some subconscious thoughts that you can't control. But the things that you really think about, your beliefs, your ideals, etc. are concepts you have chosen to accept and believe in.

4. Your work: Many people like to overlook this one, it being much easier to say, "Oh, I'm! trapped in my job because I don't have a degree, experience, etc." That's simple a way of denying one's responsibility in having chosen the job in the first place.

It's your job and you chose it. If you stay (or go), that's a choice as well.

5. The people you associate with:  There's a famous T-shirt that states: "It's hard to soar like an eagle when you're surrounded by turkeys." Colloquial is very often correct! Your friends can either lift you up or bring you down. You make the decision which type of friends you wish to have.

6. Your basic physical health.  Much about our health is a factor of genetics, environment, and exposure. Much more of our health is simply a matter of the decisions we make about our health, such as: diet, exercise, drugs, sleep, routine physicals, check-ups, etc.

7. The environment you live in:  Your house, the condition of your home, the town you live in, the amenities available to you are all things you can control, although some to a lesser degree (i.e., you decide to tolerate them or move someplace else).

8. Your fiscal situation: Having or not having enough money is a factor of what you make versus what you spend.

9. Your time: You choose how to "spend" your time and how much of your time to give to various activities.  You'll never get more time than the 24 hours your given each day.

10. Your legacy: All your actions, words, and knowledge that you share while you are living become the gift that you leave when you are gone

How To Be Strong In Hard Moments

When I was studying in my 12 grade, a teacher, sent me a post card having these lines. "Don't be afraid of problems. Meet them, greet them, treat them and you will surely defeat them"

 

So I dedicate this article to my teacher for teaching a wonderful lesson of life; the life which is tougher than a teacher. Because the teacher teaches first and then takes the test whereas life puts us in test and then teach a lesson.

 

These lessons come in different tastes (mostly bitter) because of the unavoidable circumstances such as Financial Issues, Marital issues, Clash due to difference of opinion, Accidents and Mistakes done by us. In such situations following points can be considered in order to cope up:

1-    Confess that you have a situation which you need to face in order to fix. Yes, this is very important factor. I know a lot of people, trying to convince themselves that nothing is wrong, though stress keeps building at the back of their heads. Consequently, the stress explodes all of a sudden resulting in extreme outcomes. So the foremost thing is to tell yourself that you have to address the issue, instead of ignoring it.

2-   Consider if the problem is something you should be really bothering about? Ask yourself whether it is not going to impact you if not addressed? If not, simply disregard it and be happy. However, if your brain think about the problem again and again then consider point-1

3-   Chose your attitude … Consider the wow approach.

 

4-   Consider if there are other people having same problem. If yes, check what they are doing to handle the situation. Search on internet, visit online answering services such as yahoo or wikihow.

5-   Consider if you can breakdown the problem in smaller problems and fix each problem one by one.

6-   Remember, if we cannot laugh again and again on the same joke, you shouldn't be worrying on the same issue again and again. Control your thoughts.

 

7-   Don't allow people to make your life miserable. No one is in-charge of your happiness except you so ignore negative comments and suggestions.

Conclusion: A wise man is the one who learns from other's mistake. If you really want to be strong, you need to develop strong observation skills. You need to closely study people on how they behave at stressful situations. So keep observing and keep learning new horizons of inner power at the cost of others' experiences.

Finally, don't give up. The successful and optimist people find solutions in nearly all kind of circumstances. So it's your choice either to be successful or to be a loser !