Govt. is facing loss of Rs. 2.63 on every single unit of electricity | Information Minister Fawad Ch

[war&peace]

What are your views here, my dear sir? I assume this is the new standard of acceptance at PDF now?

View attachment 505646

Observe how the OP has been very honest in posting the news ....

Let us wager how many negative ratings will be given, shall we?

https://defence.pk/pdf/threads/sorry-state-of-indian-soldiers-when-confronting-pla.581963/

I don't see much difference in the gist of the thread title and the news heading..
But sir, you are free to report as per the rules of the forum. My concern is Pakistan and any disinformation spread against it, will be noted and brought to notice of the mods. I'm not responsible for rest of the forum.

 

[maithil]

Watch from 8 Mins onwards.

No where he utters CPEC..

 

[SunilM]

No where he utters CPEC..

Umm. You realize what CPEC is till date right? Listen to the power projects and orange line metro he is talking about. That is CPEC. He has ordered a NAB inquiry on literally all CPEC projects of any real worth. What was required from him was to seek renegotiation of those contracts which he seeks to term as 'corruption' by the previous government. But I guess you knew this before replying. Looking to come out as 'fair' arent we.

 

[war&peace]

Umm. You realize what CPEC is till date right? Listen to the power projects and orange line metro he is talking about. That is CPEC. He has ordered a NAB inquiry on literally all CPEC projects of any real worth. What was required from his to seek renegotiation of those contracts which he seeks to term as 'corruption' by the previous government. But I guess you knew this before replying. Looking to come out as 'fair' arent we.

Sir @HRK the troll continues..despite your attention.

 

[Fireurimagination]

Wasn't CPEC suppose to give the Pak economy a big boost? And now here we have Pakistan knocking on the doors of the IMF and they in-turn predicting the economy to grow by 3% whereas the inflation to grow by more than 10%. I guess they were talking about the Chinese economy

 

[pragmatic_dude]

So when nothing can be said on merit of the issue, launch personal attacks and go off topic. And you wonder why it is the 13th time there is a need to approach the IMF. Glossing over issues and not taking corrective action is one major reason.

Correction : 22nd time. I wonder if this is the highest for any nation.

Wasn't CPEC suppose to give the Pak economy a big boost? And now here we have Pakistan knocking on the doors of the IMF and they in-turn predicting the economy to grow by 3% whereas the inflation to grow by more than 10%. I guess they were talking about the Chinese economy

Literally anyone saying that this exact thing will happen was branded jealous (indians) anti national ( pakistani). Ab lolwa ho gaya.

 

[Tom M]

The negative rating is given so as to highlight it for the mods so they can take further action. Trolling and spreading disinformation is not allowed.

The the following I guess ????

Sorry state of Indian soldiers when confronting PLA

 

[SunilM]

Wasn't CPEC suppose to give the Pak economy a big boost? And now here we have Pakistan knocking on the doors of the IMF and they in-turn predicting the economy to grow by 3% whereas the inflation to grow by more than 10%. I guess they were talking about the Chinese economy

They jumped on the word 'game changer'. Now if anyone can explain whether the word 'game changer' means first going to IMF before becoming an economic super power? Can anyone explain why the information minister has ordered a NAB in inquiry in all the Big Projects projects built under the 'game changer' CPEC? Why are the details of this 'Game Changer Project being kept hidden from the Public? PTI's manifesto said they willl make public all CPEC agreement,What happened to that? Where the Chinese so naive as to allow corruption in their premiere belt and road project and turn a blind eye? All the CPEC projects are being executed by Chinese companies and their workforce, where they therefore also not involved in corruption? Is this corruption or political witch hunting? Surely the Chinese will be very uncomfortable with the turn of events today!!

 

[Lincoln]

I don't think it is corruption. No body was ready to invest in Pakistan except the Chinese and therefore they had an upper hand while negotiating the contracts. Hence they got what they asked for i.e higher tariffs which results in higher returns on their investment. This is the exact reason the deal between shanghai electric and Karachi power company is still stuck. Now there were calls for renegotiation of these contracts when IK came to power, but the Chinese were not happy. Now after the By election results they order a NAB inquiry into all CPEC power plants and OLMT. Things are very clear. Btw, the chinese were singing praises for Shahbaz calling it Shabhaz speed. Lets call a spade a spade. Its time.

If they are ordering a NAB inquiry, then it means they suspect their is corruption in the projects. NAB is not an energy-related Government Organization, it is the National Accountability Bureau, it looks for corrupt and mishandles. Them placing in a NAB inquiry only furthers the narrative that they believe there is some form of corruption.

Furthermore, if the previous Government, the current Government and the Military alongside economic observers in Pakistan believe that CPEC will bring good and it is good, and they feel it is not a burden and not one sided, then for me that is reliable enough.

What you also didn't consider is that the Power Plants he quoted were not Government-based Projects but was a project to be undertaken by private consortia, so the Government of PMLN is at fault if it didn't do the correct biddings and price negotiation, and there may have been corruption, therefore the NAB inquiry. Approximately out of the $30 billion or around that invested in Energy sector, $15 billion is under private consortia.

@war&peace @Retired Troll @Pakistan Army ' @Path-Finder @django @War Thunder @Windjammer @Oscar

The post has a misleading title, the basis on which it is misleading is that the video posted, with the specific time stamp, has no mention of CPEC and doesn't put the blame on CPEC but rather corruption of the previous Government which is why there's a NAB inquiry and not some committee or inquiry by some Government-Energy or Development Related Organization. The OP fails to provide any text at all in his thread, with the video post, which links this information with CPEC and conclusively backs his title which implies that CPEC is meant to be a debt trap and a rip off.

 

[randomradio]

Wasn't CPEC suppose to give the Pak economy a big boost? And now here we have Pakistan knocking on the doors of the IMF and they in-turn predicting the economy to grow by 3% whereas the inflation to grow by more than 10%. I guess they were talking about the Chinese economy

I have already pointed it out before, Pakistan is expected to grow at 3% because of CPEC. If it wasn't for CPEC, Pakistan would have entered recession by now.

 

[Lincoln]

Well, hopefully the OP answers what I have said above.

CPEC is laying the much needed infrastructural foundation that one needs to develop industry, promote transport and begin developing the economy.

 

[SunilM]

If they are ordering a NAB inquiry, then it means they suspect their is corruption in the projects. NAB is not an energy-related Government Organization, it is the National Accountability Bureau, it looks for corrupt and mishandles. Them placing in a NAB inquiry only furthers the narrative that they believe there is some form of corruption.

Furthermore, if the previous Government, the current Government and the Military alongside economic observers in Pakistan believe that CPEC will bring good and it is good, and they feel it is not a burden and not one sided, then for me that is reliable enough.

What you also didn't consider is that the Power Plants he quoted were not Government-based Projects but was a project to be undertaken by private consortia, so the Government of PMLN is at fault if it didn't do the correct biddings and price negotiation, and there may have been corruption, therefore the NAB inquiry. Approximately out of the $30 billion or around that invested in Energy sector, $15 billion is under private consortia.

For gods sake, nobody is denying building infrastructure is good for a country. The question is the ways and means. Which word are you living in btw when you say bidding and price negotiation. Do you even understand how CPEC works? Such juvenile,illogical and incoherent statements are which are contrary to facts. There was no bidding in CPEC that was the beauty of it. The Chinese never allowed open tendering where even Pakistani companies could participate, let alone from any other part of the world. Therefore there no price discovery which took place in the first place. And in the absence of any 'real' and 'effective' price discovery mechanism where is the question of any relevant price negotiation taking place. Do study the subject before writing two lines in English.

You accepted these projects cause no one else was ready to invest in Pakistan. Look at your FDI figures for the last decade and then try to enter any discussion. So the Chinese came, but with the condition that only Chinese companies will participate and you accepted it. Thats fait accompli. They charged more cause there was no competition. Hence no 'real' bidding and no price discovery. That is why as was reported in article after article, the ROI on these projects is much much higher than any other such projects around the world. And when ROIs are this high, the tariff will be higher.This is not due to corruption but more to do with circumstances in which these agreements were executed. Extreme load shedding. So the electricity being produced is expensive.

But what has the PTI done. It has put a question mark on CPEC as it exists today. The CPEC phase 1 was about setting up power plants and land route. The major ( >90%) investment has been made in these early harvest power projects. Do some research before regurgitating same old arguments without any basis or application to the subject at hand. Use google chacha but atleast do some research before responding to issues.
.

Now, I ask again. iWhy are the details of this 'Game Changer Project being kept hidden from the Public? PTI's manifesto said they willl make public all CPEC agreement,What happened to that? Where the Chinese so naive as to allow corruption in their premiere belt and road project and turn a blind eye? All the CPEC projects are being executed by Chinese companies and their workforce, where they therefore also not involved in corruption? Is this corruption or political witch hunting? Surely the Chinese will be very uncomfortable with the turn of events today!!

 

[hussain0216]

Wasn't CPEC suppose to give the Pak economy a big boost? And now here we have Pakistan knocking on the doors of the IMF and they in-turn predicting the economy to grow by 3% whereas the inflation to grow by more than 10%. I guess they were talking about the Chinese economy

It will give economy a massive boost

We need infrastructure, power plants, ports, rail way line's, roads for the future

CPEC provide all of this and more

But we still need reform, structural chsnges to our system and an end to corruption

Our problems are in our corruption
CPEC is a necessity

Once Pakistan reforms Pakistan has at least 2 decades of high growth waiting, COEC projects now are preparations for then

Now, I ask again. if Why are the details of this 'Game Changer Project being kept hidden from the Public? P

Who says they are being hidden?

Just because they are not immediately throwing out all held information into the public sphere dosent mean its hidden


CPEC is important for Pakistan
PTI believe rampant corruption from previous government tried to steal as much ad it could and this needs to be investigated

 

[Fireurimagination]

It will give economy a massive boost

We need infrastructure, power plants, ports, rail way line's, roads for the future

CPEC provide all of this and more

But we still need reform, structural chsnges to our system and an end to corruption

Our problems are in our corruption
CPEC is a necessity

Once Pakistan reforms Pakistan has at least 2 decades of high growth waiting, COEC projects now are preparations for then

True that, everybody needs infrastructure, power plants, ports, rail way line's, roads but the question is at what cost? From when does Pakistan expect to reap benefits of CPEC and how. Also the said infrastructure will have to be sustainable of else in a couple of decades the said infrastructure will be a loss making entity, plus you will have the liability of billions of dollars of loan around your neck. As you yourself mentioned corruption, need for reform, structural changes etc, so if the CPEC flops for Pakistan (it will definitely succeed for China with interest on loans and big market like Pakistan to flood their goods) Pakistan will be in a tight spot.

 

[hussain0216]

.....Marshallah. ab aise arguments ka kaise koi jawab de sakta hai!!

look i cant decipher this crap..
write in English