Pakistan rejects $2 billion investment in Thar coal

[mr42O]

I think its bad move... should have made some deal

 

[TopCat]

Its close to impossible to work with Indian investment. We in BD had a very sour experience with Tata/Mittl and latest NTPC. Those people in India think everybody in sub continent are just fool except Indians..
The offer from NTPC in their coal based power plant was 14 Tk/Kwh!!! whereas Bangladeshi companies are selling power for Tk 3/Kwh.

Forget it and stay 100 miles away from them. Before they leave just ask, how they going to arrange $2 Billion??? You will get the answer, using International financier which will be paid back by Pakistani Dollar with interest. Not a single penny gonna come from Mittal's pocket. And you know what, after securing a coal mine, any financial institution will finance any Tom, Dick or Chenny...

 

[Waffen SS]

Same old ideological bull$hit which has no sense of how commerce and industry works.

 

[TopCat]

Same old ideological bull$hit which has no sense of how commerce and industry works.

I understand as Pakistani, you could say that as you guys never worked with Indian companies and dont know how they deal. But we tried 100 times already and gone deep into their intention and the way they do business. They could not succeed a single deal in BD because we ask them every bits and pieces of information.

 

[Adnan Faruqi]

Just $2 Billion for coal of worth more $ 100 billion? Not enough.

This is what happen when people jumps to write without info.

$2 Billion is the investment in the mines, technologies, machinery and other facilities to extract the coal.

The extracted coal will be sold out at international rates or the predetermined rates between Govt. of pakistan and the Mittals.

In the end pakistani govt. will get royalty + tax + jobs for pakistanis + pakistan railways + pakistani transporters.

And above that Mittals are known for developing the area they work in they build power plants, schools, hospitals as a social activity for the general public of that area (they have done it every where in the world).

 

[Adnan Faruqi]

Its close to impossible to work with Indian investment. We in BD had a very sour experience with Tata/Mittl and latest NTPC. Those people in India think everybody in sub continent are just fool except Indians..
The offer from NTPC in their coal based power plant was 14 Tk/Kwh!!! whereas Bangladeshi companies are selling power for Tk 3/Kwh.

Forget it and stay 100 miles away from them. Before they leave just ask, how they going to arrange $2 Billion??? You will get the answer, using International financier which will be paid back by Pakistani Dollar with interest. Not a single penny gonna come from Mittal's pocket. And you know what, after securing a coal mine, any financial institution will finance any Tom, Dick or Chenny...

Mittal is not in Bangladesh then how you claim to have experience of them??????

It proves that you are posting useless and with your eyes closed with hate, for some agenda of yours.

Do you know that the ArcelorMittal is the biggest steel company in the world.

 

[TopCat]

Mittal is not in Bangladesh then how you claim to have experience of them??????

It proves that you are posting useless and with your eyes closed with hate, for some agenda of yours.

Do you know that the ArcelorMittal is the biggest steel company in the world.

Mittal group plans $2.9bn Bangladesh investment - Money - DNA

---------- Post added at 06:12 PM ---------- Previous post was at 06:09 PM ----------

And above that Mittals are known for developing the area they work in they build power plants, schools, hospitals as a social activity for the general public of that area (they have done it every where in the world).[/COLOR]

Brother, most big businesses do specially industries. They must have to have school, hospitals etc for their own employees as well. The bigger the company the bigger the scope.

 

[Johnson Dsouza]

its looks majority of pak people in this forum are pro investment which is a good sign to emege as favourite investment destination....

I think instead of rejecting the offer as whole, Pak govmt could ve attached some strings like 50% local private or govmt partnership....or minimal export revenue target within the stipulated time frame....reinvestment of certain amount of profit in Pak infra etc..etc...this is what many developing/underdeveloped mineral rich countries doing these days....

win win situation for both the parties helps sustain the relationship for long time....

 

[Waffen SS]

Just $2 Billion for coal of worth more $ 100 billion? Not enough.

Waqas Bhai; do you really have the slightest of the idea about the term INVESTMENT.

 

[TopCat]

The best for Pakistan is to extract the coal by themselves and use open pit mining system. Just ask worker shove the hell out of the ground and use those coal to fire up power plant. There is no point in giving away a mine to a foreign company who will not pay more than 6-13% of roaylty to PK government. So at the end, they wll take away 90 billion minus the operating cost. Not worth it. Not good for Pakistan. $2 billion looks great, but PK people not going to see that money ever.

We dealt with Tata, and they wanted the mine free.

 

[Johnson Dsouza]

Just $2 Billion for coal of worth more $ 100 billion? Not enough.

Sir, this $2 Billion investment is to explore the potential coal worth of more $ 100 billion....you may call this as seed money as well and at later stage when the project becomes more feasible the investment might reach manifold the initial seed money....and also, investors wont be an owner of the field but just a contractor...Pak govmt will remain the principal owner and will fetch in good amount in terms of royalty from operator...

 

[Adnan Faruqi]

This decision is very good for India as I don't want our investment in pakistan:

- It will be our loss (terrorism, extremism, army rule)

- Business lobby is too strong in India if they have huge stakes in pakistan they will force govt. to go soft on pakistan.

- There will be no war, surgical strike etc. in back drop of terror attack on India.

 

[TopCat]

This decision is very good for India as I don't want our investment in pakistan:

- It will be our loss (terrorism, extremism, army rule)

- Business lobby is too strong in India if they have huge stakes in pakistan they will force govt. to go soft on pakistan.

- There will be no war, surgical strike etc. in back drop of terror attack on India.

I dont think India has the capcity to do surgical. You do surgical, they will do surgical back. LOL

India might have a better chance in conventional war, again risking a nuclear war.

 

[Imran Khan]

This decision is very good for India as I don't want our investment in pakistan:

- It will be our loss (terrorism, extremism, army rule)

- Business lobby is too strong in India if they have huge stakes in pakistan they will force govt. to go soft on pakistan.

- There will be no war, surgical strike etc. in back drop of terror attack on India.

just four words


LOL AT YOUR DREAMS

 

[SBD-3]

This decision is very good for India as I don't want our investment in pakistan:

- It will be our loss (terrorism, extremism, army rule)

- Business lobby is too strong in India if they have huge stakes in pakistan they will force govt. to go soft on pakistan.

- There will be no war, surgical strike etc. in back drop of terror attack on India.

Well strategic business are never completely opened for foreigners in any country....Power, Telecom, Financial sectors are an example...Even in India, any foreign investment can not exceed beyond 22% in financial corporation..... Thar coal is a strategic asset and any decision in this regard should be made with all possible consequences in mind....

---------- Post added at 11:55 PM ---------- Previous post was at 11:54 PM ----------

I dont think India has the capcity to do surgical. You do surgical, they will do surgical back. LOL

India might have a better chance in conventional war, again risking a nuclear war.

Like they say in Yahoo...."aray yahan pay he to mar kha gaya india"