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Qatar interested to 'take over' Pakistan's airports, says FinMin Ismail

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Pakistan Finance Minister Miftah Ismail has said that Qatar is "interested in leasing Pakistan's airports".

He was addressing a press conference in Islamabad on Friday.


Miftah said that Qatar is going to invest in seaports, LNG plants, and solar power plants, Samaa TV reported.

They are also interested in entering the Pakistan Stock Exchange, he said.

He denied media reports about handing over New York's Roosevelt Hotel and Pakistan International Airline. He said these topics did not come under discussion.

His statement comes a day after Pak Prime Minister Shehbaz Sharif concluded his maiden official visit to the Gulf kingdom since assuming office in April.

The minister said that the meeting of the International Monetary Fund's (IMF) executive board is taking place on Monday which will approve the release of funds.

He claimed that Pakistan has already fulfilled all the pre-conditions for the disbursement of the loan tranche.

Miftah said that the Fuel Charges Adjustment (FCA) that came with the electricity bills of August was for the month of May. It increases the per unit price of electricity by Rs 7, he said.

He said that the government has talked to the IMF about this and decided not to collect FCA from consumers using less than 200 units of electricity. This would cost us almost Rs 21 billion, he added.

He also said that a committee has been constituted to consider reduction for the consumers using 200 to 300 units.

--IANS

@waz or any mod move this thread to Pak Economy.


 
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Pakistan Finance Minister Miftah Ismail has said that Qatar is "interested in leasing Pakistan's airports".

He was addressing a press conference in Islamabad on Friday.


Miftah said that Qatar is going to invest in seaports, LNG plants, and solar power plants, Samaa TV reported.

They are also interested in entering the Pakistan Stock Exchange, he said.

He denied media reports about handing over New York's Roosevelt Hotel and Pakistan International Airline. He said these topics did not come under discussion.

His statement comes a day after Pak Prime Minister Shehbaz Sharif concluded his maiden official visit to the Gulf kingdom since assuming office in April.

The minister said that the meeting of the International Monetary Fund's (IMF) executive board is taking place on Monday which will approve the release of funds.

He claimed that Pakistan has already fulfilled all the pre-conditions for the disbursement of the loan tranche.

Miftah said that the Fuel Charges Adjustment (FCA) that came with the electricity bills of August was for the month of May. It increases the per unit price of electricity by Rs 7, he said.

He said that the government has talked to the IMF about this and decided not to collect FCA from consumers using less than 200 units of electricity. This would cost us almost Rs 21 billion, he added.

He also said that a committee has been constituted to consider reduction for the consumers using 200 to 300 units.

--IANS

@waz or any mod move this thread to Pak Economy.


Qataris really know how to manage airports. I’m sure Pakistan will benefit greatly from their management expertise and skill.
 
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Stupid pathetic incompetent govt. If we cant even run an airport then wtf can we do? I guess the army wants to sell the whole country. Every deal involves import, bc koi export ka bhi socho.
 
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Some imported talent won't hurt. In India when the big airports got privatised, there was always a minority stakeholder that was a foreign airport operator. While desi companies have upped their game in infrastructure development, certain best practices in ops management still need to be learnt from outside. Many airports use this kind of partnership model.

Handing over an entire airport to a foreign company may seem outrageous, but it isn't. London's Heathrow airport is almost entirely owned by foreign companies. Incidentally Qataris have their foot in there too.
 
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And these kinda deals are one of the reasons why regime change happened.
 
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Stupid pathetic incompetent govt. If we cant even run an airport then wtf can we do? I guess the army wants to sell the whole country. Every deal involves import, bc koi export ka bhi socho.
Why r u surprised.
Look at the rulers.
Bajwa leads an army of lions. Can you imagine that?
And SS leads pakistan....now how dumb are we that Allah has punished us with these people
 
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Stupid pathetic incompetent govt. If we cant even run an airport then wtf can we do? I guess the army wants to sell the whole country. Every deal involves import, bc koi export ka bhi socho.
Airports run fine.
Some ppl just selling them to make money for their accounts in dubai, london etc….like a private sale they’re selling off everything to pad their already fat accounts overseas…..their families and kids alresdy overseas need spending money in dollars n pounds.
 
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