Black.Mamba
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Not coming slow 
Nawaz Sharif wants early elections
- Thread starter Tomcats
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notorious_eagle
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PTI & China:
1. Dues owed:
A Chinese state-owned power company operating in Pakistan expressed concern over the delay in payment and asked Islamabad to immediately release PKR 12.35 billion ($68.9 million) as transmission service payment (TSP), according to reports.
China Threatens To Stop CPEC Funding To Pakistan Over Unpaid Dues; Imran Khan’s Beijing Visit Fails To Break Ice?
A Chinese state-owned power company operating in Pakistan expressed concern over the delay in payment and asked Islamabad to immediately release PKR 12.35 billion ($68.9 million) as transmission service payment (TSP), according to reports. The China Electric Power Equipment and Technology Co Ltd...
eurasiantimes.com
ISLAMABAD: With more than Rs300 billion in stuck up dues, more than two dozen Chinese firms operating in Pakistan on Monday said that they would be forced to shut down their power plants this month unless payments were made upfront.
Chinese IPPs warn of closure if not paid Rs300bn
Representatives say it is impossible to meet peak summer demand due to severe liquidity issues.
www.dawn.com
2. The appointment of Asif Saleem Bajwa (a.k.a. Papa Joker) as the chief of the CPEC Authority
A former army general who was last year put in charge of China’s belt and road projects in Pakistan has become embroiled in a corruption scandal, once again dragging Beijing into its close ally’s dirty domestic politics.
Pizza corruption scandal risks dragging China into Pakistan’s domestic affairs
Imran Khan has been trying to seal allegations that his top belt-and-road official failed to disclose interests in a US pizza chain.
www.scmp.com
3.. Lack of confidence
Reporting from Chinese media has painted a completely different picture to the one presented by Pakistani media and the government mouthpieces.
The prime minister arrived in Beijing assuming he was there to talk tough, get a better deal and more money, but was taken aback when the Chinese firmly told him off by demanding Pakistan to fix its own problems and provide governance to its people instead of asking China to do so.
And while PM Khan oversaw the signing of 15 Memorandums of Understanding in different sectors, no specifics were presented in the joint communique at the end of the five-day visit where the prime minister essentially was dealing with his Chinese counterpart, Premier Li Keqiang, and his staff.
This is essentially a cold shoulder for Pakistan that should worry the country. The closest ally has cooled off on Pakistan and is asking it to get its house in order first before making tall claims.
This visit was not helped by current Adviser to the Prime Minister on Commerce, Industry and Investment Razzak Dawood decrying CPEC projects on multiple occasions.
To sum up, because the government did not comprehend the conceptual framework of BRI and CPEC, Pakistan is in a mess where even its closest ally has politely told them off.
Was Imran’s visit to China a failure? Yes. Here’s why
Pakistan doesn't understand the Chinese conceptualisation of CPEC.
www.dawn.com
PTI & IMF:
1. Blame game
Finance Minister Shaukat Tarin on Thursday claimed that the International Monetary Fund (IMF) forced Pakistan to increase interest rates and electricity prices that doubled the cost of debt servicing and pushed inflation upward.
PTI government blames IMF for high inflation | The Express Tribune
Minister says lender put a gun to Pakistan's head to set the interest rate at 13.25%
tribune.com.pk
2. Lack of commitment:
1. In July, an agreement was reached with the IMF for a $6bn package, the country's 13th IMF bailout since the 1980s.
Uzair Younus, a South Asia expert at the US-based Albright Stonebridge Group, said that the biggest indictment of the PTI government's economic performance was its lack of policy planning.
"They have set very ambitious tax revenue targets but the moment they fail to meet those targets, the whole house of cards will come down," he said.
But Fawad Chaudhry, the Federal Minister for Science and Technology, told the BBC that the government was "doing our job".
"We have a dedicated team in place for economy and we are aware that the next elections will be dependent upon the state of economy," he said.
He conceded that economic conditions had meant the government had been able to provide little relief to the PTI's core middle-class voter base.
According to a BBC Urdu analysis, the Khan government has to date only achieved three out of 34 pledges made when it came to power. Mr Chaudhry singled out a new e-visa regime as a key achievement.
3. Lack of trust
The International Monetary Fund (IMF) has expressed concerns over the financial impact and financing sources of the Pakistan Prime Minister Imran Khan's relief package on electricity and petroleum prices.
The Dawn newspaper reported that the international body was left unconvinced by the Pakistan Tehreek Insaf (PTI) government's justifications for a recently announced amnesty scheme.
IMF remains unconvinced by Pakistan govt's amnesty scheme
The Dawn newspaper reported that the international body was left unconvinced by the Pakistan Tehreek Insaf (PTI) government's justifications for a recently announced amnesty scheme.
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
PTI & Saudi Arabia
1. Dues owed
Keeping in mind Pakistan's financial crisis and its prior records of paying back debts, Saudi Arabia this time has laid down stringent clauses for the Imran Khan-led nation in exchange for its $4.2 billion loan package. According to Federal Minister for Information and Broadcasting Fawad Chaudhry, Saudi Arabia has agreed to give a $3 billion cash deposit to Pakistan for a year with a caveat that the country would be bound to return it anytime on a three-day notice.
According to a report by The Express Tribune, the Imran Khan cabinet on Saturday approved the $3 billion cash deposit agreement and $1.2 billion oil on deferred facility agreement through the circulation of summaries. Unlike in the past, this time Pakistan has no option for rollover and would have to return the loan back after one year. Moreover, in case of a sovereign default by Pakistan, the country would be asked to pay back the loan in 72 hours of a written request by Saudi Arabia.
The report also quoted Finance Ministry sources saying that the $3 billion cash facility has been secured at an interest rate of 4%. The rate is one-fourth times higher than the previous similar facility that Pakistan had obtained at a 3.2% interest rate, which means that Pakistan will pay $120 million interest on the loan.
2. Diplomatic issues
Islamabad will send its army chief to Saudi Arabia this weekend to try to resolve a growing diplomatic spat in which Riyadh is demanding Pakistan’s early repayment of a $3bn loan, according to people familiar with the matter.
Saudi Arabia forces Pakistan to repay loans in diplomatic spat
Islamabad dispatches army chief to Riyadh after two sides fall out over Indian Kashmir
Pakistan Foreign Minister Shah Mahmood Qureshi warned of parting ways with the Saudi Arabian-led Organization of Islamic Cooperation (OIC) if it failed to convene a foreign ministers meeting regarding Kashmir.
Pakistan lashes out at Saudi-led OIC silence on Kashmir
Foreign Minister Shah Mahmood Qureshi criticizes Muslim group’s delay tactics to convene meeting on Kashmir - Anadolu Ajansı
www.aa.com.tr
Seems like Pakistan has suffered another blow on the diplomatic front. A Lahore-based weekly magazine 'Friday Times' has claimed that Prime Minister Imran Khan's actions at the UN General Assembly miffed Saudi Crown Prince Mohammad Bin Salman to an extent that he ordered his private jet flying the Pakistani delegation from New York to Karachi, to return midway.
When Khan was on a two-day visit to Saudi Arabia, the Crown Prince had insisted Pakistan Prime Minister to fly to the United States on his "special aircraft".
However, during his return trip, Khan, who was travelling in the jet provided to him by the Saudi government, had to deboard it midway and board a commercial flight as the Saudi plane had developed a technical glitch minutes after taking off from New York airport.
Interestingly, the Friday Times in its article revealed that there were no reports of any technical glitch and the Pakistani delegation, including Khan, were "disemboweled" from the Saudi's aircraft following Salman's resentment.
The magazine, in its report titled 'Tryst with democracy', critisized Pakistan Prime Minister.
'Saudi Prince recalls his special jet flying Imran Khan mid way'
Seems like Pakistan has suffered another blow on the diplomatic front. A Lahore-based weekly magazine 'Friday Times' has claimed that Prime Minister Imran Khan's actions at the UN General Assembly miffed Saudi Crown Prince Mohammad Bin Salman to an extent that he ordered his private jet flying...
Imran Khan
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Norwegian
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? When did this imported govt get money from IMF or elsewhere? Bughaz Imrani
Smoke
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Not coming slow
WOW, Impressed!
SecularNationalist
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According to newton sharif
The amount of platelets is inversely proportional to the amount expected to be spent in jail.
Last edited:
Gripen9
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Inversely proportional
PakCan
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PML N would now try to build a narrative of siyasi shaheed. There are still plenty of idiots who will buy it. PTI should continue to put pressure on establishment and government for a election call.
I hope internal pressure builds in establishment as well and they actually stay neutral in the upcoming elections.
I hope internal pressure builds in establishment as well and they actually stay neutral in the upcoming elections.
Jango
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Should be inversely proportional...
imadul
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jokers bedded with establishment for their NRO and why would establishment give them even playing field? Establishment is ruling and interest groups like nun league make them stronger by working with them.
Nawaz Sharif discusses with the senior party leadership the option of quitting government in Centre
LONDON: Pakistan Muslim League (PML-N) supremo Nawaz Sharif wants early general elections and has discussed with the senior party leadership the option of quitting the government in the Centre, credible sources have confirmed.
Nawaz Sharif has discussed this several times with top leaders of the party including Prime Minister Shehbaz Sharif and also with the Pakistan Democratic Movement (PDM). He suggested that staying in the government any longer looked set to create more problems than resolving the issues in the absence of genuine support the government should have received from all state organs, said sources.
They said PDM leaders, including Asif Ali Zardari and Maulana Fazlur Rehman, have so far resisted the idea of quitting the government but the Supreme Court’s decision to make Pervaiz Elahi Punjab’s Chief Minister is highly likely to reinforce the idea.
Sources shared that Nawaz Sharif has told his party leaders that obstacles had been created for Shehbaz Sharif’s government from the very start, after Imran Khan’s ouster in a vote of no-confidence, and staying in the government in the absence of powers could damage the party further.
These discussions have lingered on for several weeks but more so after the disappointing results for the PML-N in Punjab’s by-elections and the decision by a three-member Supreme Court bench, led by Chief Justice Atta Bandial and Justices Ijaz-ul-Ahsan and Muneeb Akhtar, to remove Hamza Shehbaz as Punjab’s chief minister. It had thrown up a completely new scenario for the PML-N where it has power in the Centre but in Punjab, the battleground province, will be now ruled by Pervaiz Elahi with help from Imran Khan’s Pakistan Tehreek-e-Insaf (PTI).
Sources have confirmed that the likely date and time of October and November have been discussed at a great length and Nawaz Sharif, Shehbaz Sharif and the government stakeholders are aware about the nature of these discussions. These discussions, according to sources, have taken place between the government and the establishment figures as well but nothing was finalised.
The PML-N leadership, according to sources, toyed with the idea of holding early elections but stopped short of making a final decision in this regard, waiting for one event after another to pass by to make further assessments and evaluate.
During the discussions that have taken place, senior party cadres have discussed that Nawaz Sharif and PML-N don’t have a level-playing field even they are in power in the Centre and ruled Punjab in one way or the other for about three months till the elevation of Pervaiz Elahi.
The sources said that senior party leaders have discussed Nawaz Sharif’s return to Pakistan before the next general elections and a message has been conveyed to him that his presence in Pakistan was necessary.
PML-N leaders from Pakistan have sent reports to Nawaz Sharif, blaming the serious issues of inflation and worsening economic situation as the main factors behind the PML-N’s battering in the Punjab by-polls which have proven disastrous for the party.
Nawaz Sharif wants early elections
LONDON: Pakistan Muslim League supremo Nawaz Sharif wants early general elections and has discussed with the senior party leadership the option of quitting the government in the Centre, credible...www.thenews.com.pk
imadul
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PPP first signed rental power and full capacity power payment agreemenst, the nation is paying in the form of Energy Circular Debt. For ignorant people,PTI & China:
1. Dues owed:
A Chinese state-owned power company operating in Pakistan expressed concern over the delay in payment and asked Islamabad to immediately release PKR 12.35 billion ($68.9 million) as transmission service payment (TSP), according to reports.
China Threatens To Stop CPEC Funding To Pakistan Over Unpaid Dues; Imran Khan’s Beijing Visit Fails To Break Ice?
A Chinese state-owned power company operating in Pakistan expressed concern over the delay in payment and asked Islamabad to immediately release PKR 12.35 billion ($68.9 million) as transmission service payment (TSP), according to reports. The China Electric Power Equipment and Technology Co Ltd...
ISLAMABAD: With more than Rs300 billion in stuck up dues, more than two dozen Chinese firms operating in Pakistan on Monday said that they would be forced to shut down their power plants this month unless payments were made upfront.
Chinese IPPs warn of closure if not paid Rs300bn
Representatives say it is impossible to meet peak summer demand due to severe liquidity issues.www.dawn.com
2. The appointment of Asif Saleem Bajwa (a.k.a. Papa Joker) as the chief of the CPEC Authority
A former army general who was last year put in charge of China’s belt and road projects in Pakistan has become embroiled in a corruption scandal, once again dragging Beijing into its close ally’s dirty domestic politics.
Pizza corruption scandal risks dragging China into Pakistan’s domestic affairs
Imran Khan has been trying to seal allegations that his top belt-and-road official failed to disclose interests in a US pizza chain.
3.. Lack of confidence
Reporting from Chinese media has painted a completely different picture to the one presented by Pakistani media and the government mouthpieces.
The prime minister arrived in Beijing assuming he was there to talk tough, get a better deal and more money, but was taken aback when the Chinese firmly told him off by demanding Pakistan to fix its own problems and provide governance to its people instead of asking China to do so.
And while PM Khan oversaw the signing of 15 Memorandums of Understanding in different sectors, no specifics were presented in the joint communique at the end of the five-day visit where the prime minister essentially was dealing with his Chinese counterpart, Premier Li Keqiang, and his staff.
This is essentially a cold shoulder for Pakistan that should worry the country. The closest ally has cooled off on Pakistan and is asking it to get its house in order first before making tall claims.
This visit was not helped by current Adviser to the Prime Minister on Commerce, Industry and Investment Razzak Dawood decrying CPEC projects on multiple occasions.
To sum up, because the government did not comprehend the conceptual framework of BRI and CPEC, Pakistan is in a mess where even its closest ally has politely told them off.
Was Imran’s visit to China a failure? Yes. Here’s why
Pakistan doesn't understand the Chinese conceptualisation of CPEC.www.dawn.com
PTI & IMF:
1. Blame game
Finance Minister Shaukat Tarin on Thursday claimed that the International Monetary Fund (IMF) forced Pakistan to increase interest rates and electricity prices that doubled the cost of debt servicing and pushed inflation upward.
PTI government blames IMF for high inflation | The Express Tribune
Minister says lender put a gun to Pakistan's head to set the interest rate at 13.25%
2. Lack of commitment:
1. In July, an agreement was reached with the IMF for a $6bn package, the country's 13th IMF bailout since the 1980s.
Uzair Younus, a South Asia expert at the US-based Albright Stonebridge Group, said that the biggest indictment of the PTI government's economic performance was its lack of policy planning.
"They have set very ambitious tax revenue targets but the moment they fail to meet those targets, the whole house of cards will come down," he said.
But Fawad Chaudhry, the Federal Minister for Science and Technology, told the BBC that the government was "doing our job".
"We have a dedicated team in place for economy and we are aware that the next elections will be dependent upon the state of economy," he said.
He conceded that economic conditions had meant the government had been able to provide little relief to the PTI's core middle-class voter base.
According to a BBC Urdu analysis, the Khan government has to date only achieved three out of 34 pledges made when it came to power. Mr Chaudhry singled out a new e-visa regime as a key achievement.
3. Lack of trust
The International Monetary Fund (IMF) has expressed concerns over the financial impact and financing sources of the Pakistan Prime Minister Imran Khan's relief package on electricity and petroleum prices.
The Dawn newspaper reported that the international body was left unconvinced by the Pakistan Tehreek Insaf (PTI) government's justifications for a recently announced amnesty scheme.
IMF remains unconvinced by Pakistan govt's amnesty scheme
The Dawn newspaper reported that the international body was left unconvinced by the Pakistan Tehreek Insaf (PTI) government's justifications for a recently announced amnesty scheme.economictimes.indiatimes.com
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
PTI & Saudi Arabia
1. Dues owed
Keeping in mind Pakistan's financial crisis and its prior records of paying back debts, Saudi Arabia this time has laid down stringent clauses for the Imran Khan-led nation in exchange for its $4.2 billion loan package. According to Federal Minister for Information and Broadcasting Fawad Chaudhry, Saudi Arabia has agreed to give a $3 billion cash deposit to Pakistan for a year with a caveat that the country would be bound to return it anytime on a three-day notice.
According to a report by The Express Tribune, the Imran Khan cabinet on Saturday approved the $3 billion cash deposit agreement and $1.2 billion oil on deferred facility agreement through the circulation of summaries. Unlike in the past, this time Pakistan has no option for rollover and would have to return the loan back after one year. Moreover, in case of a sovereign default by Pakistan, the country would be asked to pay back the loan in 72 hours of a written request by Saudi Arabia.
The report also quoted Finance Ministry sources saying that the $3 billion cash facility has been secured at an interest rate of 4%. The rate is one-fourth times higher than the previous similar facility that Pakistan had obtained at a 3.2% interest rate, which means that Pakistan will pay $120 million interest on the loan.
2. Diplomatic issues
Islamabad will send its army chief to Saudi Arabia this weekend to try to resolve a growing diplomatic spat in which Riyadh is demanding Pakistan’s early repayment of a $3bn loan, according to people familiar with the matter.
Saudi Arabia forces Pakistan to repay loans in diplomatic spat
Islamabad dispatches army chief to Riyadh after two sides fall out over Indian Kashmirwww.ft.com
Pakistan Foreign Minister Shah Mahmood Qureshi warned of parting ways with the Saudi Arabian-led Organization of Islamic Cooperation (OIC) if it failed to convene a foreign ministers meeting regarding Kashmir.
Pakistan lashes out at Saudi-led OIC silence on Kashmir
Foreign Minister Shah Mahmood Qureshi criticizes Muslim group’s delay tactics to convene meeting on Kashmir - Anadolu Ajansı
Seems like Pakistan has suffered another blow on the diplomatic front. A Lahore-based weekly magazine 'Friday Times' has claimed that Prime Minister Imran Khan's actions at the UN General Assembly miffed Saudi Crown Prince Mohammad Bin Salman to an extent that he ordered his private jet flying the Pakistani delegation from New York to Karachi, to return midway.
When Khan was on a two-day visit to Saudi Arabia, the Crown Prince had insisted Pakistan Prime Minister to fly to the United States on his "special aircraft".
However, during his return trip, Khan, who was travelling in the jet provided to him by the Saudi government, had to deboard it midway and board a commercial flight as the Saudi plane had developed a technical glitch minutes after taking off from New York airport.
Interestingly, the Friday Times in its article revealed that there were no reports of any technical glitch and the Pakistani delegation, including Khan, were "disemboweled" from the Saudi's aircraft following Salman's resentment.
The magazine, in its report titled 'Tryst with democracy', critisized Pakistan Prime Minister.
'Saudi Prince recalls his special jet flying Imran Khan mid way'
Seems like Pakistan has suffered another blow on the diplomatic front. A Lahore-based weekly magazine 'Friday Times' has claimed that Prime Minister Imran Khan's actions at the UN General Assembly miffed Saudi Crown Prince Mohammad Bin Salman to an extent that he ordered his private jet flying...www.business-standard.com
Circular agreements come into play because PPP agreed to pay power plants according to their generation capacity even if they won't produce and sell their installed capacity.
N league then followed same path.
Both n league and ppp the most corrput creation of the world never made any plans to reduce line losses which come from two sources:
1. Theft in interior Sindh
2. Old transmission lines and bad distribution infra.
Third issue is:
3. Transmission lines cannot carry generated capacity.
They pathological liers and criminals.
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