When u build a big infrastructure project by lending money,but u failed to attract FDI and manufacturing factories, then u will fall into debt trap like Sri Lanka who lost the port to CN.
Bahi problem is not with producing electricity and if if is cheaper than before (which it will be due to technological advances)
Bahi problem is not with producing electricity and if if is cheaper than before (which it will be due to technological advances)
What did PMLN do regarding IPPs and paying em for production instead of capacity ?
What did they regarding innovation, integration of advanced tech and integration of disruptive tech ?
What did they do regarding transmission system which is like decades old and wastes a lot of energy ?
Nawaz was more concerned about "Plants" so that he can show them as a gimick.. he was told in a meeting that plants will make expansive electricity he said "muje uska nai pta plants election se pehle tyaar karo or agar agli baar hum aye to dekha jaye ga"
www.france24.com
Quality of work done was seen recently when whole country faced a blackout.. and 40% of transmissions ? Bahi we need 100% new transmission lines before the plants and all that.. the one we have even if 20% can f*ck up everything..
Bahi problem is not with producing electricity and if if is cheaper than before (which it will be due to technological advances)
What did PMLN do regarding IPPs and paying em for production instead of capacity ?
What did they regarding innovation, integration of advanced tech and integration of disruptive tech ?
What did they do regarding transmission system which is like decades old and wastes a lot of energy ?
Nawaz was more concerned about "Plants" so that he can show them as a gimick.. he was told in a meeting that plants will make expansive electricity he said "muje uska nai pta plants election se pehle tyaar karo or agar agli baar hum aye to dekha jaye ga"
tribune.com.pk
We saw the result of grid upgradation and so called addition if 40% new grid capacity recently not just in Rawalpindis Bazar but also all along Pakistan...PMLN upgraded existing grid station, PMLN added 40% transmission capacity in those 5 years.
Upgraded grid station opened
SUKKUR: Federal Minister of State for Water and Power Abid Sher Ali inaugurated the upgraded grid station on ...www.dawn.comAbid Sher Ali inaugurates 220 KV grid station in Chishtian
CHISHTIAN: State Minister for Water and Power, Ch.www.brecorder.comPML-N added 8,000MW to national grid since 2013: Abid Sher Ali | The Express Tribune
Federal minister says K-P govt fails to provide land for four mega power projects in province
same thing happens here. most of the chinese employees sent here are the worst that they could find. they sit in islamabad, the most secure place in paksitan and then they are paid war/risk allowances.Dont worry, it is not there only; we are seeing it across this entire continent.
I will give you a casing point of Zambia - it is a joke. No transparency what so ever.
Reporters - Zambia: Under Chinese influence
China's presence is visible all over Africa. But nowhere as much as in Zambia, the African nation where it invested the most money last year. The ties between Beijing and Lusaka are strong and have existed…
The situation in Zambia is that they are now controlling the political system as well. Heaven forbid, i hate to see the day when a like of Idi Amin comes to power and the unthinkable happens. When I visited Lusaka a few years back - it was really bad; you can see chinese language only in many parts of the city. The chinese act above the law; my friend who is head of Zambian army said it openly - politicians have been bought off. One case - single work permit was copied and used by over 60+ chinese; they forged the rest. When they got arrested. The High Commissioner came with a big packet donation to the local politician group and it was past.
There is no system of checks and balances.
It is not to say the prior Lonrho and others were saints but now it is mass colonisation in play. When i spoke with one fellow i got to know in Luansha - he told me - he was unemployed after graduating for 3 years; there is a govt department - "do you want to go overseas" - he agreed; they gave him funds and had him setup in Zambia. The issue he said is they are pushing unemployed youth overseas and establish entire supply chain system for them.
There needs to be transparency for any engagement with any external parties. We have been burned by Indian Guptaz/Zuma + Chinese in many state projects in my country. If we are to blame, we start by taking our own politicians thru the public roads and throwing eggs at them.
Just an example of the devastation of level of Fraud by CZupta conglomerate.
The Chinese Railway Rolling Stock Corporation: China Inc boards the State Capture train
Where is the Transnet loot and why hasn’t it been recovered? Given the government’s recently announced austerity measures targeting social spending, this question demands an urgent answer.www.dailymaverick.co.za
actually, yes. and when i did just that, i was told to do what i have been asked to do and nothing more.
I think these dumb uncles were taken for a ride by the Chinese with their kind outward demeanor.Going through an article from 2017 on Reuters, I was stunned to find chief economist of the planning ministry in Pmln govt was projecting 6-8 billion dollar revenues from Cpec by 2020
Moreover, same chief economist calculated that Pakistan won't be facing a balance of payment crisis, because revenues from Cpec would be sufficient enough to balance out the debt and deficits caused by Cpec
Pakistan's 'Silk Road' repayments to peak at around $5 billion a year: chief economist
Pakistan's debt and other repayments on China's "Belt and Road" initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government's chief economist.www.reuters.com
So there you have it. The most experienced govt in history of Pakistan gave us the worst balance of payment crisis only a year later due to their gross miscalculation. What kind of idiots had we working in the planning ministry who made such off the mark predictions? And what kind of bestest govt believed and sold these lies to gullible masses that Cpec is their savior?
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@beijingwalker @Viet @Joe Shearer @Dual Wielder @Patriot forever @ziaulislam @Indus Pakistan @Muhammad Omar @maverick1977 @FOOLS_NIGHTMARE @koolio @Verve @ghazi52 @Path-Finder
Going through an article from 2017 on Reuters, I was stunned to find chief economist of the planning ministry in Pmln govt was projecting 6-8 billion dollar revenues from Cpec by 2020
Moreover, same chief economist calculated that Pakistan won't be facing a balance of payment crisis, because revenues from Cpec would be sufficient enough to balance out the debt and deficits caused by Cpec
Pakistan's 'Silk Road' repayments to peak at around $5 billion a year: chief economist
Pakistan's debt and other repayments on China's "Belt and Road" initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government's chief economist.
So there you have it. The most experienced govt in history of Pakistan gave us the worst balance of payment crisis only a year later due to their gross miscalculation. What kind of idiots had we working in the planning ministry who made such off the mark predictions? And what kind of bestest govt believed and sold these lies to gullible masses that Cpec is their savior?
View attachment 731229View attachment 731230
View attachment 731232View attachment 731231
@beijingwalker @Viet @Joe Shearer @Dual Wielder @Patriot forever @ziaulislam @Indus Pakistan @Muhammad Omar @maverick1977 @FOOLS_NIGHTMARE @koolio @Verve @ghazi52 @Path-Finder
