Samlee
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Looking Back At 2009 The Then Zardari Government Had The Chance Of A Lifetime To Forever Free Pakistan From The Clutches of US and IMF.Owing To My Links I Had The Chance To Look At Some Really Important Documents.I Felt Like Banging My Head On A Wall.What Iran Was Offering Was Practically A $10 Billion Facility.This Was More Than All US Aid Combined.Here Is Just A Small List
1.Iran Offered Electricity at Rs. 6-8 At A Time When Our Thermal Power Power Plants Were Costing Rs.22 per Unit.Not Only This Iran Said You Could Pay This In Rupees and Let Us Use This Money To Purchase Food Products.This Had Many Benefits For Pakistan
a)From 2009 to 2013 Pakistan Was Importing $10 to $15 Billion in Furnace Oil.If We Replaced Our Oil Fired Power Plants With Iranian Power.We Would Have Saved This Bill.This Would Have Easily Converted Our Current Account Deficit Into Surplus.Meaning No Need for IMF
b)Inspite of Importing Billions of Dollars Of Furnace Oil,We Were Still Enduring Load Shedding of Upto 8 to 20 Hours Severely Impacting Our Growth.Energy Is Bottleneck In Our Economy.If 24 Hour Electricity Was Made Available From Iran This Would Have Neutralised The Bottleneck
Our Growth Which Was 2-3% Would Have Become 6-7% Easily.
c)24 Hour Electricity Supply Would Have Meant Massive Increase in Exports
2.Because Of Sanctions Marine Insurance Companies Refused To Insure Ships Docking At Iranian Ports.Iran Requested That Ships Bound For Iran Would Stop At Gwadar And The Goods Be Then Transported To Iran(1.5 Hours Drive).This Would Have Started Up Gwadar Which Was Dormant At The Time
3.Due To Sanctions Iranian Banking System Was Cut Off From SWIFT.China Had To Pay Iran $25 to 30 Billion But Could Not Transfer Funds.So China Made Two Offers to Iran
a)China Will Make Payments On Iran's Behalf and Iran Could Purchase Food Products From Pakistan
b)Pakistan Banking System Was Linked To SWIFT.China Said That Iran Could Open Up An Account Through A Front Man.Pakistan Government Will Give Sovereign Guarantee on That Account.Iran Could Make Purchases and Settle Accounts Shipping Goods Via Gwadar.$25-30
Dollars In Pakistan's Banking System Would Mean $25 to 30 Billion Counted As Our Forex Reserves
4.Now This Is Where It Gets Exciting.
Iran Is Major Crude Oil Exporter.But Due To Obsolete Refineries They Have To Import Gasoline Diesel Petrochemicals etc.
What China Offered Iran Was To Set Up A Gigantic State of The Art Refinery.Iran Could Then Send It's Crude Via Pipeline and Take Back All The Gasoline and Other Products It Needs.In Lieu Of Payments Iran Would Agree To Give The Furnace Oil Produced.So Gwadar Would Get
Free of Cost Fuel Oil Which Would Be Offered at Deep Discount to Shipping Lines.Considering That Fuel Accounts For The Majority of Operational Cost of Ships.Just Imagine Shipping Industry of The World Would Relocate To Gwadar.
Secondly Due To Sanctions Iran Was Having Severe Oil Storage Problems.Sanctions Meant That There Was No One To Buy Oil and The Ones That Were(China and India) Did On Their Terms.China Offered Massive Oil Storage Facility in Gwadar.In Lieu of Rent,A Portion Of The Oil Would Be Given To Pakistan Free of Cost(I Can Explain This Last Point If Requested)I
This Meant We Would Have Enjoyed The Benefits of OPEC Country Without The Oil.It Would Have Helped Iran Neutralize Sanctions.Win Win For All
@Shotgunner51 @AndrewJin @Sinopakfriend
@AZADPAKISTAN2009 @django @LadyFinger @Tipu7
@Viper0011. @LA se Karachi @mr42O @Akheilos @Kaptaan @Azlan Haider @fawad Masīd@waz@AsianUnion @Major Sam @Mentee @ito @Valkyrie @User @Hiptullha @Cornered Tiger@LeGenD @ISI. @MystryMan @New World @Meengla @ziaulislam @Rahil khan @HAKIKAT @RAMPAGE@Muhammad Omar @haviZsultan @dexter @Areesh @Zibago @Moonlight @The Sandman
@django @Zibago @The Sandman @Hell hound @The Eagle
1.Iran Offered Electricity at Rs. 6-8 At A Time When Our Thermal Power Power Plants Were Costing Rs.22 per Unit.Not Only This Iran Said You Could Pay This In Rupees and Let Us Use This Money To Purchase Food Products.This Had Many Benefits For Pakistan
a)From 2009 to 2013 Pakistan Was Importing $10 to $15 Billion in Furnace Oil.If We Replaced Our Oil Fired Power Plants With Iranian Power.We Would Have Saved This Bill.This Would Have Easily Converted Our Current Account Deficit Into Surplus.Meaning No Need for IMF
b)Inspite of Importing Billions of Dollars Of Furnace Oil,We Were Still Enduring Load Shedding of Upto 8 to 20 Hours Severely Impacting Our Growth.Energy Is Bottleneck In Our Economy.If 24 Hour Electricity Was Made Available From Iran This Would Have Neutralised The Bottleneck
Our Growth Which Was 2-3% Would Have Become 6-7% Easily.
c)24 Hour Electricity Supply Would Have Meant Massive Increase in Exports
2.Because Of Sanctions Marine Insurance Companies Refused To Insure Ships Docking At Iranian Ports.Iran Requested That Ships Bound For Iran Would Stop At Gwadar And The Goods Be Then Transported To Iran(1.5 Hours Drive).This Would Have Started Up Gwadar Which Was Dormant At The Time
3.Due To Sanctions Iranian Banking System Was Cut Off From SWIFT.China Had To Pay Iran $25 to 30 Billion But Could Not Transfer Funds.So China Made Two Offers to Iran
a)China Will Make Payments On Iran's Behalf and Iran Could Purchase Food Products From Pakistan
b)Pakistan Banking System Was Linked To SWIFT.China Said That Iran Could Open Up An Account Through A Front Man.Pakistan Government Will Give Sovereign Guarantee on That Account.Iran Could Make Purchases and Settle Accounts Shipping Goods Via Gwadar.$25-30
Dollars In Pakistan's Banking System Would Mean $25 to 30 Billion Counted As Our Forex Reserves
4.Now This Is Where It Gets Exciting.
Iran Is Major Crude Oil Exporter.But Due To Obsolete Refineries They Have To Import Gasoline Diesel Petrochemicals etc.
What China Offered Iran Was To Set Up A Gigantic State of The Art Refinery.Iran Could Then Send It's Crude Via Pipeline and Take Back All The Gasoline and Other Products It Needs.In Lieu Of Payments Iran Would Agree To Give The Furnace Oil Produced.So Gwadar Would Get
Free of Cost Fuel Oil Which Would Be Offered at Deep Discount to Shipping Lines.Considering That Fuel Accounts For The Majority of Operational Cost of Ships.Just Imagine Shipping Industry of The World Would Relocate To Gwadar.
Secondly Due To Sanctions Iran Was Having Severe Oil Storage Problems.Sanctions Meant That There Was No One To Buy Oil and The Ones That Were(China and India) Did On Their Terms.China Offered Massive Oil Storage Facility in Gwadar.In Lieu of Rent,A Portion Of The Oil Would Be Given To Pakistan Free of Cost(I Can Explain This Last Point If Requested)I
This Meant We Would Have Enjoyed The Benefits of OPEC Country Without The Oil.It Would Have Helped Iran Neutralize Sanctions.Win Win For All
@Shotgunner51 @AndrewJin @Sinopakfriend
@AZADPAKISTAN2009 @django @LadyFinger @Tipu7
@Viper0011. @LA se Karachi @mr42O @Akheilos @Kaptaan @Azlan Haider @fawad Masīd@waz@AsianUnion @Major Sam @Mentee @ito @Valkyrie @User @Hiptullha @Cornered Tiger@LeGenD @ISI. @MystryMan @New World @Meengla @ziaulislam @Rahil khan @HAKIKAT @RAMPAGE@Muhammad Omar @haviZsultan @dexter @Areesh @Zibago @Moonlight @The Sandman
@django @Zibago @The Sandman @Hell hound @The Eagle