Pakistan on a Verge of being Auctioned by the Gang of 5's

[simple Brain]

Khara Sach With Mubashr Lucman - 18th December 2015 - Vidrail


Khara Such With Mubashir Lucman – 18th December 2015

 

[AZADPAKISTAN2009]

Well , the companies they are auctioning are doing Shiat due to political hiring

If the new owners will Make billions and create jobs in Pakistan , and Pay taxes in Pakistan the sales are legal and binding

State's job is

1) Run police
2) Collect Taxes
3) Run courts
4) Administer the Cities (Building stuff, maintaining ,licence issuange)

State can't run a corporation

 

[Archie]

Well , the companies they are auctioning are doing Shiat due to political hiring

If the new owners will Make billions and create jobs in Pakistan , and Pay taxes in Pakistan the sales are legal and binding

State's job is

1) Run police
2) Collect Taxes
3) Run courts
4) Administer the Cities (Building stuff, maintaining ,licence issuange)

State can't run a corporation

State can run corporations provided corporations are not run as personal Jaagir of politicians and not used to curry favor

India too has struggling PSUs like Air India

But we also have highly profitable PSUs which earn billions of Dollars in Profits and transfer a chunk of it to the Finance Ministry for reducing deficit
Google Coal India, SAIL, ONGC, BHEL, Indian Oil Corp

 

[AZADPAKISTAN2009]

We tried the state approached it sucked balls , now lets try private owners

They will pay 400 million to 500 Million in Taxes , if they make profits
Sell the shitty companies ...

The 1.5 Billion Dollar we waste each year in Bail outs , we can use it better to build homes, schools and other stuff

Sale of such dumb companies will give out Reserves a cool 10-20 Billion dollars if done right
State can't run corporations , because a politician does not understands business

Let private owner come in invest his OWN money in , so he will hire to make sure his money is secure , by hiring best people in country and world.

Out with jiala
Bhai log
Gullu butt
Karkunan


In with , PHD , Masters , BSc recent grads

 

[Viper0011.]

If the new owners will Make billions and create jobs in Pakistan , and Pay taxes in Pakistan the sales are legal and binding

When you buy a Dell laptop in Pakistan, do you expect Mr. Michael Dell to greet you at the store in Pakistan? When you buy a BMW in Pakistan, do you expect the CEO of BMW to leave the world and come give you importance at the dealership?

My point is, when anything is acquired by a global company, the owners may be sitting in China, India, the US, France, etc. Doesn't mean they have to be there. But for jobs, YES, these are Pakistani based companies. The ONLY place that can run its specific market more effectively is Pakistani talent. So the jobs will be created in Pakistan. The company however MAY or MAY NOT pay taxes in Pakistan and may take their profit back to the home country (per NS's government's reforms to bring investments in).

The result is, Pakistan can turn these companies into profit, grow the economy, create millions of new jobs and tax payers and gain billions every year in revenue. Why would you say no to that???

 

[AZADPAKISTAN2009]

Companies running in Pakistan pay taxes here , no tax heaven in Ireland

Corporation Tax
Personal Income tax

Are two different birds all due in Pakistan if company is running in Pakistan (Which it will be case)

 

[Indika]

State can run corporations provided corporations are not run as personal Jaagir of politicians and not used to curry favor

India too has struggling PSUs like Air India

But we also have highly profitable PSUs which earn billions of Dollars in Profits and transfer a chunk of it to the Finance Ministry for reducing deficit
Google Coal India, SAIL, ONGC, BHEL, Indian Oil Corp

monopolies mate, invite the private players they will run into loss.

 

[touela]

Spot on mate - In Denmark we have a lot of PSU sold by government to equities firms, who did create jobs, but after some years they startet to take the profit out of Denmark or payed almost nothing in taxes. The ongoing discussion is whether government want taxes or jobs created, and thus get taxes from the employees.

In my view, it is actually a big problem that profits are shipped abroad. Because this hinder further growth in a PSU, and in long term, the PSU start axing people. PSU should be handled by domestic qualified people, and NOT sold to foreign equities.

 

[Archie]

monopolies mate, invite the private players they will run into loss.

Barring coal India, Each company quoted by me has pvt sector rivals which in some cases are even bigger and richer

Take for instance Reliance Industries which operate the world's biggest crude oil Refinery Complex , its the Direct Rival of ONGC, BPCL, HPCL and IOC which are the 4 state run oil PSUs
Though ONGC made the most profit in year 2014, but Reliance has more cash than all 4 of them put together
It even has more cash than State Bank of Pakistan

Similarly SAIL has Rivals like Tata steel, Jindal Steel, Ispat International

Heavy machinery maker BHEL has direct Rival in L&T which is even more profitable

I can give you a 100 more examples of Indian PSUs thriving despite competition

 

[dray]

State can run corporations provided corporations are not run as personal Jaagir of politicians and not used to curry favor

India too has struggling PSUs like Air India

But we also have highly profitable PSUs which earn billions of Dollars in Profits and transfer a chunk of it to the Finance Ministry for reducing deficit
Google Coal India, SAIL, ONGC, BHEL, Indian Oil Corp

Most of these companies are successful because of their monopolistic nature of business with state's natural resources, or got some critical technologies through the state's interference.