• Thursday, April 25, 2019

Russia plans to invest $14billion in Pakistan

Discussion in 'Pakistan Economy' started by Pakhtoon yum, Feb 11, 2019.

  1. Pakhtoon yum

    Pakhtoon yum FULL MEMBER

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    20190210_230037.jpg
     
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  2. snow lake

    snow lake ELITE MEMBER

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    The isolation continues.
     
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  3. Yaseen1

    Yaseen1 SENIOR MEMBER

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    india once again failed to isolate Pakistan
     
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  4. maithil

    maithil FULL MEMBER

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    Does Pakistani energy sector ( especially on supply side) really need another 14 billion dollars investment ? Isn't production capacity already much more than demand?
     
  5. enquencher

    enquencher FULL MEMBER

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    After floods of dallars and yuan there will be tsunami of roubles.congrats pakistan for bringing all three to their knees.
    A former superpower russia
    Current superpower usa
    Futurr superpower china
     
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  6. Republic

    Republic FULL MEMBER

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    Reported for trolling and flaimbaiting.
    India has no business in this thread/discussion.

    Good for Pakistan. I think Pakistan should invite investment on renewable energy sector. China has command in this sector and also is good friend of Pakistan.

    Thermal power plants have no future.

    They are all facing heat due to fierce competition from solar energy companies in India. Many started to default on loan payment.
     
  7. AyanRay

    AyanRay FULL MEMBER

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    Yeahhhhh. After dollars now roubles will flow through Pakistani gutters.
     
  8. beijingwalker

    beijingwalker ELITE MEMBER

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    China can bring Russia and Pakistan together, they are both China's good friends.
     
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  9. Figaro

    Figaro FULL MEMBER

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    Does Russian even have enough money for a 14 billion dollar economy? The Russians often talk big in terms of economic promises and fail to deliver
     
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  10. nahtanbob

    nahtanbob SENIOR MEMBER

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    Did Russia even start work on this project ?

    https://www.dawn.com/news/1213460
    ISLAMABAD: Pakistan and Russia on Friday signed an inter-governmental agreement for the construction of a gas pipeline from Lahore to Karachi, Radio Pakistan reported.

    Russia will invest $2 billion in the project, the first phase of which is expected to conclude by December 2017.

    The 1,100 kilometre pipeline with a capacity of 12.4 billion cubic metre per annum will connect Karachi's liquefied natural gas (LNG) terminals with those in Lahore.

    The agreement was jointly signed by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Russian Energy Minister Alexander Novak in a ceremony attended by Prime Minister Nawaz Sharif.

    The period of construction is 42 months and energt project will be implemented in three stages, Russia’s TASS news agency said in a report.

    On the first stage, by the second quarter of 2018, the gas pipeline will be built. On the second stage, by the second quarter of 2019, part of compressor stations will be completed.

    On the third stage, by the second quarter of 2020, all compressor stations will be commissioned bringing the pipeline to its full capacity, which is 12.4 billion cubic meters a year.

    The construction of the pipeline will provide orders for Russian industrial enterprises and will contribute to an increase in non-oil exports. The project will open up a new market for Russian companies.

    The project will be implemented in compliance with BOOT model (Build Own Operate Transfer). The built pipeline will be owned and operated by the project company for 25 years. During this period payments for gas deliveries will help the company return the investments and make profit. After that the pipeline will be handed over to the government of Pakistan.

    Currently, RT-Global Resources is conducting surveys and engineering work along the pipeline route. According to Andrei Korobov, general director of RT-Global Resources, the project’s implementation will imply maximum involvement of Russian producers and contractors. In particular, Rostec considers attracting the United Engine Corporation as a supplier of equipment for compressor stations of the future pipeline, he said.

    Pakistan’s state gas supplying company ISGAL acts as a partner customer in the project and will pay gas transportation services. In its turn, the government of Pakistan will issue a sovereign guarantee for project financing.

    The Russian side is considering possibilities to attract loans from Russian and Chinese development banks with the support of export credit agencies.

    RT-Global Resources will create a consortium uniting Russian and foreign investors including Chinese and Pakistani ones as well as potential contractors," the corporation said in the statement.

    Prime Minister Nawaz Sharif and Russian President Vladimir Putin while meeting on the sidelines of the Shanghai Cooperation Organisation summit in Ufa earlier this year discussed progress on the North-South gas pipeline agreement and had decided to expedite progress on the project.

    Nawaz had also remarked that Pakistan wished to develop a multi-dimensional relationship with Russia in the fields of trade, defence, energy, infrastructure, culture and other spheres.

    In August, Pakistan and Russia signed a landmark defence deal for the sale of four Mi-35 ‘Hind E’ attack helicopters to Pakistan and are currently in talks about the delivery of Sukhoi Su-35 fighter jets.
     
  11. ARMalik

    ARMalik FULL MEMBER

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    Obviously any investment in Pakistan is a very good news. However, I want to point out something about Russia that has troubled me for a long time.
    When the USSR disintegrated, and Russia came into being, there was a huge economic crisis in Russia. This was an economic crisis created by Jewish neocons having strong links to the US. Overnight Jewish Oligarch appeared who bought strategic Russian assets for peanuts and took total control of these assets. Even today these so called Jewish Russian Oligarch are destroying the lives of poor Russian people and people of Eastern Europe.

    My question is Do the Authorities in Pakistan know who is making this investment? And how do they ensure that there are no Jewish Oligarch involved in this so called investment?? It is better to DIE POOR RATHER THAN ACCEPT AN INVESTMENT of a Jewish Oligarch because either way you are dead. At least you die a more dignified death if you are not a slave of these Oligarch bastar.ds.
     
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  12. snow lake

    snow lake ELITE MEMBER

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    Jelousy is a bitch.

    At least we have gutter. You indian poop in the open. Not even a gutter in the shit hole called india
     
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  13. enquencher

    enquencher FULL MEMBER

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    I dont think it has..these deals are same as saudi refineries which are been constructed for half a century

     
  14. 313ghazi

    313ghazi SENIOR MEMBER

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    We should start manufacturing burnol - then export it to the Indians. There's a massive industry there.
     
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  15. python-000

    python-000 FULL MEMBER

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    Yes indeed brother, but what your opinion about Turkey be a part of it...