K-Electric sold to Shanghai Power for Rs180 billion

[I S I]

They just bought the whole company and every one knows how political leaders look for their share.

What do you mean by it is between china and Pakistan? I have my right to comment.

Go & file a petition against it in Indian Supreme Court.

 

[Srinivas]

What the hell is your problem. They purchased the company from another private entity called Abraaj Capital based in Dubai.

Problem is they used India in this whole process of mudslinging. Where is the below joker now?

Go & file a petition against it in Indian Supreme Court.

the owners of the company are in Dubai, filing the petition works for me. Dubai is co operating with India.

 

[Rasengan]

Problem is they used India in this whole process

You haven't still answered my question. Why the hell are you annoyed if some Dubai firm sold its company to the Chinese.

 

[Vapnope]

It was a basic right of the citizens and state however has decided someone else to have a monopoly over basic rights of its citizens.
What checks are placed so that Chinese don't charge Karachite some ridiculous amounts as bills in future?

 

[Rasengan]

It was a basic right of the citizens and state however has decided someone else to have a monopoly over basic rights of its citizens.
What checks are placed so that Chinese don't charge Karachite some ridiculous amounts as bills in future?

What checks did Abraaj Capital have when deciding the electric bill for Karachite'?

 

[DJ_Viper]

First they destabilize the organizations and then they throw the mud on them finally when the time is right they will buy them cheaply to reap the benefits.

Huh? Where is "the cheap buy"? They spent 16 billion and sold it for 180 billion......what did you miss? That's a 10 time more profit than the initial purchase price....

 

[Vapnope]

What checks did Abraaj Capital have when deciding the electric bill for Karachite'?

http://www.ke.com.pk/complaints-services/tariff-structure/
Now again back to my question..

 

[Surya 1]

Selling such a big electricity company to foreigners do not seem to be a good idea. It may have strategic implication.

 

[Rasengan]

http://www.ke.com.pk/complaints-services/tariff-structure/
Now again back to my question..

You still haven't answered my question. What is the difference between Abraaj Capital a foreign company based in Dubai and Shanghai Electric in owning Karachi Electric? Shanghai Electric are going to pump in a further $6-$9 billion into the company. Obviously they have to negotiate the price they charge with the Government of Pakistan, however, nothing is wrong with this deal as it's a transaction between two private entities.

 

[Srinivas]

Huh? Where is "the cheap buy"? They spent 16 billion and sold it for 180 billion......what did you miss? That's a 10 time more profit than the initial purchase price....

The difference is why now?

when things in Pakistan are progressing?

The report says some highly influential politicians are involved in this deal.

You still haven't answered my question. What is the difference between Abraaj Capital a foreign company based in Dubai and Shanghai Electric in owning Karachi Electric? Shanghai Electric are going to pump in a further $6-$9 billion into the company. Obviously they have to negotiate the price they charge with the Government of Pakistan, however, nothing is wrong with this deal as it's a transaction between two private entities.

you will see the difference in the near future.

 

[Rasengan]

Selling such a big electricity company to foreigners do not seem to be a good idea. It may have strategic implication.

Before writing gibberish nonsense at least research your information properly. Karachi Electric was owned by a foreign company called Abraaj Capital who have now sold it to another company called Shanghai Electric.

you will see the difference in the near future.

I think you should remain quite...clearly you have no idea what you are talking about. People in Karachi will see the difference in the future since Shanghai Electric will pump in a further $9 billion in investment. If India wants to compete with China then seriously educate yourself in finance.


@Shotgunner51 @AndrewJin

 

[Srinivas]

Before writing gibberish nonsense at least research your information properly. Karachi Electric was owned by a foreign company called Abraaj Capital who have now sold it to another company called Shanghai Electric.



I think you should remain quite...clearly you have no idea what you are talking about. People in Karachi will see the difference in the future since Shanghai Electric will pump in a further $9 billion in investment. If India wants to compete with China then seriously educate yourself in finance.


@Shotgunner51 @AndrewJin

I have made my point in my earlier posts. It is upto you to read and understand.
India is not insecure vis-a-vis china when the time is right, India will reply in the language chinese understand and behave.
Unlike china India will deal transparently and every thing will be in public domain.

 

[I S I]

the owners of the company are in Dubai, filing the petition works for me. Dubai is co operating with India.

Goodluck with that.

 

[Rasengan]

I have made my point in my earlier posts. It is upto you to read and understand.

Unlike china India will deal transparently and every thing will be in public domain.

I am going to ask you again. What is the problem with this deal if a foreign private company (Abraaj Capital) sells its 66% share to another company (Shanghai Electric)? If this was a Government Company then I would agree with you...but it's not. How was this deal not transparent? Clearly your rear end is on fire because you have no logical argument. Whether you like it or not Pakistan is changing and not a single shit was giving on that day when a Indian starts to complain.

 

[Vapnope]

Shanghai Electric are going to pump in a further $6-$9 billion into the company

And the source of this "information" is?