Pakistan Steel Mills

[Salahuddin Ayyubi]

PMLN goal was to privatise Pakistan Steel Mills and the employee of the steel mill would still be the employees of steel mill after privatisation which PTI opposed

Firstly, PMLN had no interest in privatisation as their own steel Mills were doing well
Secondly, the private investors didn't want the deal PMLN was providing because it had too much wholes to be profitable for any sane investor to go forward with it.
PMLN wanted the investors to take on all the burden and mismanagement of the previous governments while retaining the political employees that were given employment based on safarish.

 

[Muhammad Omar]

back in 90's Nawaz sharif made national fiber from govt to private even though that company was in profit.

After privatiaze new owner came in and made the employees work for 1 year or two with little to no salary.

afterward owner shutdown the company. So employee wouldn't able to have the salary of 1-2 years they worked for.

PTI given 23 lac per person as shake hand and some are even 60 lacs and yet you here complaining?

Why are you so na shukre?

First answer about PIA is profitable and PTI made it... Don't divert from the question. And I'm not nashukra you people are bunch of hypocrites just like your party PTI

If PMLN goes for privatisation then it's Haram and PTI rants were we can run it by better management but when they failed and are going for privatisation then only solution was privatisation employees are getting golden HANDSHAKE so again we are nashukray

HYPOCRISY

Firstly, PMLN had no interest in privatisation as their own steel Mills were doing well
Secondly, the private investors didn't want the deal PMLN was providing because it had too much wholes to be profitable for any sane investor to go forward with it.
PMLN wanted the investors to take on all the burden and mismanagement of the previous governments while retaining the political employees that were given employment based on safarish.

Ittefaq foundry is disfunctional from 2004

 

[AZ1]

First answer about PIA is profitable and PTI made it... Don't divert from the question. And I'm not nashukra you people are bunch of hypocrites just like your party PTI

If PMLN goes for privatisation then it's Haram and PTI rants were we can run it by better management but when they failed and are going for privatisation then only solution was privatisation employees are getting golden HANDSHAKE so again we are nashukray

HYPOCRISY


Ittefaq foundry is disfunctional from 2004

https://tribune.com.pk/story/2224621/1-pia-records-43-increase-profit-year-2019/?amp=1

now move on you are those guys who are failed to see.

Na shukre you are, na shukrey you will be. You can't help it because your mind is train like that.

 

[Muhammad Omar]

https://tribune.com.pk/story/2224621/1-pia-records-43-increase-profit-year-2019/?amp=1

now move on you are those guys who are failed to see.

Na shukre you are, na shukrey you will be. You can't help it because your mind is train like that.

PIA achieve gross profit of Rs 7.8 billion against gross loss of Rs. 19.7 billion its still in loss

 

[AZ1]

PIA achieve gross profit of Rs 7.8 billion against gross loss of Rs. 19.7 billion its still in loss
View attachment 640816

https://www.thenews.com.pk/latest/660505-for-first-time-in-eight-years

Following which, the federal government in its reply, submitted in the Supreme Court, stated that the revenue of the national flag-carrier increased by 44 percent during the tenure of Arshad Malik, adding that the line losses of the PIA were also brought down to 75 percent.

Fail to accept, fail to see, 100% symptoms of bughz-e-Imran.

 

[Syed1.]

Please provide sources and references for your claims. Thank you

With pleasure

PIA revenue increased by 43% in 2019 and gross profit for the first in 8 years. Do note gross profit does not mean the airline is overall in the green. Also 2020 wrecked all airlines PIA is now having a loss of Rs6b per month
https://profit.pakistantoday.com.pk/2020/05/19/pia-posts-43pc-increase-in-revenue-in-2019/

PSM lasting solution, think it's the topic of the thread so you don't need a source for this.

In my original post I misspoke and said Pakistan Post's profit increased by 110%, actually it was the revenue that increased by that amount.
https://profit.pakistantoday.com.pk/2020/06/10/pakistan-post-revenues-go-up-by-110pc/

Pakistan Railways breaks all revenue records in financial year 2018-2019. Obviously performance in FY2019-2020 will be dismal due to lockdown for 2 months etc specially during highest earning time frame of Eid
https://www.google.com/amp/s/propak...-breaks-all-revenue-records-in-fy2018-19/amp/

 

[The Accountant]

PMLN goal was to privatise Pakistan Steel Mills and the employee of the steel mill would still be the employees of steel mill after privatisation which PTI opposed

U r over generalizing PTI stance.

PTI wasnt against privatization but privatzation policy.

The objective was the organization should be sold not in loss situation but after stabilization...

Now look at PIA, after so many years PIA is now making operational profits (before corona as during corona no airlone of the world is making any profit)

In sale of PSM biggest bottleneck were excess employees and dues. PTI is getting rid of both so that PSM and PIA can be sold at better terms. New management can hire its own team and use the machinery. Infact they can always hire old employees if they r capable.

Pmln announced to privatize PSM again in 2018 when only few month of government was remaining and PTI started campaign against such step as it was an important matter and cannot be executed in few months so it should be left to next government.

If u want i can share specific news headings.

 

[Muhammad Omar]

https://www.thenews.com.pk/latest/660505-for-first-time-in-eight-years

Following which, the federal government in its reply, submitted in the Supreme Court, stated that the revenue of the national flag-carrier increased by 44 percent during the tenure of Arshad Malik, adding that the line losses of the PIA were also brought down to 75 percent.

Fail to accept, fail to see, 100% symptoms of bughz-e-Imran.

Yawn.... News of 2019

Welcome to 2020


https://profit.pakistantoday.com.pk/2020/06/09/pia-incurring-rs6bn-loss-per-month-pm-told/

 

[AZ1]

Yawn.... News of 2019

Welcome to 2020


https://profit.pakistantoday.com.pk/2020/06/09/pia-incurring-rs6bn-loss-per-month-pm-told/

hahah yeah welcome to 2020 - All international flights closed for about months or two.

I don't expect blind person to see the facts. Your type of guys that's why Pakistan is in such situation.

 

[Muhammad Omar]

U r over generalizing PTI stance.

PTI wasnt against privatization but privatzation policy.

The objective was the organization should be sold not in loss situation but after stabilization...

Now look at PIA, after so many years PIA is now making operational profits (before corona as during corona no airlone of the world is making any profit)

In sale of PSM biggest bottleneck were excess employees and dues. PTI is getting rid of both so that PSM and PIA can be sold at better terms. New management can hire its own team and use the machinery. Infact they can always hire old employees if they r capable.

Pmln announced to privatize PSM again in 2018 when only few month of government was remaining and PTI started campaign against such step as it was an important matter and cannot be executed in few months so it should be left to next government.

If u want i can share specific news headings.

So is PTI following their own stance?? Is PSM being sold after stabilisation??

PMLN announced privatisation of PSM in 2016 Che k your facts again

hahah yeah welcome to 2020 - All international flights closed for about months or two.

I don't expect blind person to see the facts. Your type of guys that's why Pakistan is in such situation.

LOL if it wasn't for Coronavirus everything would have been fine our economy would have been fine PIA and steel mill would have been fine as well

Before coronavirus it was due to policies of previous government and now its coronavirus

 

[Syed1.]

So is PTI following their own stance?? Is PSM being sold after stabilisation??

PMLN announced privatisation of PSM in 2016 Che k your facts again

After 2016 they ruled for another 2 years, but didn't do privatization. Why didn't they privatize? You want PTI to fix the entire country in 2 years when your PML-N couldn't even privatize the PSM in 2 years.

 

[Muhammad Omar]

After 2016 they ruled for another 2 years, but didn't do privatization. Why didn't they privatize? You want PTI to fix the entire country in 2 years when your PML-N couldn't even privatize the PSM in 2 years.

PTI can't even fix things in 20 years

 

[Syed1.]

PTI can't even fix things in 20 years

How do you know? You have a crystal ball to predict the future? Not everybody is as incompetent as the Sharifs.


Also you didn't answer my question, they announced privatization in 2016 and ruled till 2018 but didn't do it, why?

 

[AZ1]

So is PTI following their own stance?? Is PSM being sold after stabilisation??

PMLN announced privatisation of PSM in 2016 Che k your facts again



LOL if it wasn't for Coronavirus everything would have been fine our economy would have been fine PIA and steel mill would have been fine as well

Before coronavirus it was due to policies of previous government and now its coronavirus

Just look in your hypocrisy, you are talking about why PIA is in loss in 2020 and on other thread you are asking why country is not in lock down.

https://defence.pk/pdf/threads/ptis-no-lockdown-policy-will-take-a-bigger-toll-on-economy.670681

Perfect example of na shukri jo kabhi khush nahi reh sakta.

 

[Muhammad Omar]

How do you know? You have a crystal ball to predict the future? Not everybody is as incompetent as the Sharifs.


Also you didn't answer my question, they announced privatization in 2016 and ruled till 2018 but didn't do it, why?

The shortage of Petrol
Hike in prices of sugar
Economy down to - ve and contracted in 68 years
Harvesting wheat and then importing it for the benefits
Circular debt crossed 2 trillion
Highest inflation

These things are the indicators of the performance of the mighty Imran Khan for more check out the economic survey of 2019-20

Now on coming to PSM PMLN announced to privatise PSM IN 2016 and guess what PTI went against it

In 2017 PMLN wanted to give PSM on lease and wave off 5000 employees and again PTI and PPP were against it that better management can make it PSM run again

This move was also opposed by PTI PPP and employees of PSM and they started protesting against the government

Just look in your hypocrisy, you are talking about why PIA is in loss in 2020 and on other thread you are asking why country is not in lock down.

https://defence.pk/pdf/threads/ptis-no-lockdown-policy-will-take-a-bigger-toll-on-economy.670681

Perfect example of na shukri jo kabhi khush nahi reh sakta.

Just like I said PIA profits were skyrocketed before coronavirus but due to coronavirus everything came down weather its economy tax collection PIA etc