Another scam, 42 billion loss to national treasury !

[Leader]

New airport project cost goes up by Rs48bn


The chairperson of Senate Standing Committee on Cabinet Division and Civil Aviation on Monday expressed concern over increase in the estimated cost of New Islamabad International Airport.

The chairperson, Senator Kalsoom Perveen said technical faults and delay in the construction work had increased the cost from Rs37 billion to Rs85 billion.

Senator Perveen was speaking at a joint meeting of the standing committees of Senate and National Assembly on Civil Aviation at the new airport site.

Besides the National Assembly Standing Committee Chairman Rana Mohammad Hayat Khan, the meeting was also attended by the two committees members.

Secretary Civil Aviation Mohammad Ali Gardezi, Civil Aviation Authority (CAA) director and project director briefed the committee about the new airport project, a press release issued by the Senate Secretariat said.

MPs annoyed with the slow pace of work
“With the construction moving at snail’s pace, it seems the new airport will not be operational even by 2035,” Senator Kalsoom Perveen said.

She said she was sure that the airport would not be ready by 2016 – the deadline given to the prime minister during his recent visit to the site.

The CAA secretary briefed the committees that two runways, five aprons and 80 per cent of the terminal building had been completed while the remaining work would be completed by the end of 2016.

The committee members were informed that initially the distance of the new airport from Kashmir Highway was just four kilometres but due to technical faults it had increased to 19 kilometres even from Sector I-16.

“It has led to an increase in the cost of construction,” the chairperson said, adding that construction work on a project of international standard had been started without any proper planning.

Senator Perveen questioned whether any government functionary, who inflicted a loss to the national exchequer between 2004 to 2014 due to poor planning, been brought to justice?

The prime minister knew all misappropriations in the project, but he released the grant, she said.
-------------------------------------------------------------------------------------------------------------


This is PPP/PMLN EXPERIENCE (to destroy the country) #Shame

 

[SrNair]

48billion??

 

[SBD-3]

View attachment 132074

New airport project cost goes up by Rs48bn


The chairperson of Senate Standing Committee on Cabinet Division and Civil Aviation on Monday expressed concern over increase in the estimated cost of New Islamabad International Airport.

The chairperson, Senator Kalsoom Perveen said technical faults and delay in the construction work had increased the cost from Rs37 billion to Rs85 billion.

Senator Perveen was speaking at a joint meeting of the standing committees of Senate and National Assembly on Civil Aviation at the new airport site.

Besides the National Assembly Standing Committee Chairman Rana Mohammad Hayat Khan, the meeting was also attended by the two committees members.

Secretary Civil Aviation Mohammad Ali Gardezi, Civil Aviation Authority (CAA) director and project director briefed the committee about the new airport project, a press release issued by the Senate Secretariat said.

MPs annoyed with the slow pace of work
“With the construction moving at snail’s pace, it seems the new airport will not be operational even by 2035,” Senator Kalsoom Perveen said.

She said she was sure that the airport would not be ready by 2016 – the deadline given to the prime minister during his recent visit to the site.

The CAA secretary briefed the committees that two runways, five aprons and 80 per cent of the terminal building had been completed while the remaining work would be completed by the end of 2016.

The committee members were informed that initially the distance of the new airport from Kashmir Highway was just four kilometres but due to technical faults it had increased to 19 kilometres even from Sector I-16.

“It has led to an increase in the cost of construction,” the chairperson said, adding that construction work on a project of international standard had been started without any proper planning.

Senator Perveen questioned whether any government functionary, who inflicted a loss to the national exchequer between 2004 to 2014 due to poor planning, been brought to justice?

The prime minister knew all misappropriations in the project, but he released the grant, she said.
-------------------------------------------------------------------------------------------------------------


This is PPP/PMLN EXPERIENCE (to destroy the country) #Shame

Maan na mar jai inn logon ke un par hath daltay huay This was the era of untouchables.

 

[sree45]

Delays will more often than not lead to increase in costs. Pakistanis should strive for a more efficient govt.

 

[Sulman Badshah]

First it was 34 Billion , than 64 and Now they are stating as 96 B RS

 

[Imran Khan]

i don't care scums and losses just open it for hell sake finish this project now .

 

[AZADPAKISTAN2009]

34 Billion Rupees does that equates to 34 Million dollars or 340 Million dollar over budget
If its 340 Million over budget that is big amount

When they started the project Bilawal was 5 years old , and now he is 10 year old

Please finish the project already before he turns 11

 

[shuntmaster]

Reality of $42bn investment by China in Pakistan

Is China buying a $42 bn insurance policy from Pakistan?
by Rajeev Sharma Nov 10, 2014
China-Pakistan relationship has been topping the radar screens of the Indian security and intelligence establishments.

The latest stunning development in China-Pakistan relations – the news of China agreeing to invest $42 billion in Pakistan-- wouldn’t have obviously gone unnoticed by the Indian strategic establishment which has been keeping a tab on the two countries India has fought wars with.

The truth is starkly different.

China and Pakistan may have repeatedly claimed that their friendship is higher than mountains, deeper than oceans and sweeter than honey, but the reality is that when it comes to China loosening its purse strings by way of economic aid or investments the Chinese have been miserly towards Pakistan.

Consider the statistics of a prestigious American think tank given below.

Details

Pakistan’s top civil and military leaders – their presidents, prime ministers, army chiefs and ISI chiefs – have been visiting China at the drop of a hat. After all such visits to Beijing, the Pakistani leaders have been making tall claims. But all such claims have proven to be empty words.

Therefore, one will have to wait and watch about the veracity of one more such claim made by Pakistani Prime Minister Nawaz Sharif after his recent visit to China. Sharif announced on 8 November in Beijing that China had promised Pakistan an investment of a whopping $42 billion, most of which will be parked in Pakistan’s energy sector.

While commenting on the 19 agreements and MoUs signed between Pakistan and China during Sharif’s visit to China, Amir Zamir, spokesman for Pakistan's ministry of planning and development, made the following on-record remarks to the press: "The deals being signed between China and Pakistan are worth $42 billion. The whole investment is being made by China. There is no loan or aid for the energy projects, but pure investment by the Chinese."

Well, the proof of the pudding is in the eating! This seems to be plain bluster. No country has parked so much money in Pakistan for “investment” purposes as Islamabad has claimed from the roof tops.

Even China, for that matter, has been “talking” about its upcoming investments in Pakistan’s energy sector, particularly nuclear energy. But this has remained in the realm of words only; with little investments actually flowing into Pakistan.

Chinese President Xi Jinping was to travel to Pakistan but he canceled his visit at the last minute in September, though he traveled to India in the same month. In a way, Xi dehyphenated India from Pakistan.

During his India visit, Xi had announced $20 billion Chinese investment in India for the next five years. Islamabad must have noted this and squirmed over the development. Here was their “all-weather” friend and ally which does not invest much in their country but loosens up its purse strings for the arch-rivals India!

Therefore, the $42 billion promised “Chinese investments” in Pakistan is Islamabad’s way of squaring it with India and an attempt at scoring a brownie point over India.

But the Chinese are far smarter. They put their money only when they are sure of deriving maximum strategic benefits.

Even if one were to believe that China is going to invest $42 billion in Pakistan (and no time frame of Chinese investments is given by either side) it is pertinent to note in what context this reported Chinese “pledge” has come about.

China is feeling the heat of the jihadist terror and knows very well that Pakistan is the cradle and fountainhead of such terror outfits.

China has repeatedly made uncharitable remarks about Pakistan’s role in harbouring these jihadist forces which, of course, have not been China-centric but off and on have hit China badly. At the same time, China cannot afford to dump Pakistan. China needs Pakistan badly for strategic reasons. China has been reaching out to Central Asia and to the Muslim world through Pakistan.

This is the China-Pakistan strategic template which is not going to change significantly in the coming years no matter howsoever poor Pakistan’s track record on the terror issue has been or will be.

The only way of looking at the Chinese promise of pouring $42 billion worth investment in Pakistan, if it turns out to true this time around, is that this is in lieu of the help that Pakistan is going to give to China with regard to jihadist forces active in China’s restive Xinjiang region.

Significantly, the Chinese foreign ministry highlighted this part of the arrangement with Pakistan – and not the Chinese promise of $42 billion investment in Pakistan. The Chinese foreign ministry quoted Nawaz Sharif as having said that Pakistan would "resolutely fight the East Turkestan Islamic Movement terrorist force."

If the promised $42 billion worth Chinese investments were indeed to flow into Pakistan, then this seems to be a price tag for China buying an insurance policy from Pakistan that in exchange Pakistan-based jihadist forces would no longer be troubling China.

In other words, China is buying a $42 billion insurance policy from Pakistan!

This is virtually a ransom being paid by China to Pakistan for keeping its China-specific terrorists in check.

In the Indian sub-continent this is known as “hafta” or the weekly protection money that is extracted by goons.

*The writer is FirstPost Consulting Editor and a strategic analyst who tweets @Kishkindha.

 

[A.Rafay]

Reality of $42bn investment by China in Pakistan

Is China buying a $42 bn insurance policy from Pakistan?
by Rajeev Sharma Nov 10, 2014
China-Pakistan relationship has been topping the radar screens of the Indian security and intelligence establishments.

The latest stunning development in China-Pakistan relations – the news of China agreeing to invest $42 billion in Pakistan-- wouldn’t have obviously gone unnoticed by the Indian strategic establishment which has been keeping a tab on the two countries India has fought wars with.

The truth is starkly different.

China and Pakistan may have repeatedly claimed that their friendship is higher than mountains, deeper than oceans and sweeter than honey, but the reality is that when it comes to China loosening its purse strings by way of economic aid or investments the Chinese have been miserly towards Pakistan.

Consider the statistics of a prestigious American think tank given below.

Details

Pakistan’s top civil and military leaders – their presidents, prime ministers, army chiefs and ISI chiefs – have been visiting China at the drop of a hat. After all such visits to Beijing, the Pakistani leaders have been making tall claims. But all such claims have proven to be empty words.

Therefore, one will have to wait and watch about the veracity of one more such claim made by Pakistani Prime Minister Nawaz Sharif after his recent visit to China. Sharif announced on 8 November in Beijing that China had promised Pakistan an investment of a whopping $42 billion, most of which will be parked in Pakistan’s energy sector.

While commenting on the 19 agreements and MoUs signed between Pakistan and China during Sharif’s visit to China, Amir Zamir, spokesman for Pakistan's ministry of planning and development, made the following on-record remarks to the press: "The deals being signed between China and Pakistan are worth $42 billion. The whole investment is being made by China. There is no loan or aid for the energy projects, but pure investment by the Chinese."

Well, the proof of the pudding is in the eating! This seems to be plain bluster. No country has parked so much money in Pakistan for “investment” purposes as Islamabad has claimed from the roof tops.

Even China, for that matter, has been “talking” about its upcoming investments in Pakistan’s energy sector, particularly nuclear energy. But this has remained in the realm of words only; with little investments actually flowing into Pakistan.

Chinese President Xi Jinping was to travel to Pakistan but he canceled his visit at the last minute in September, though he traveled to India in the same month. In a way, Xi dehyphenated India from Pakistan.

During his India visit, Xi had announced $20 billion Chinese investment in India for the next five years. Islamabad must have noted this and squirmed over the development. Here was their “all-weather” friend and ally which does not invest much in their country but loosens up its purse strings for the arch-rivals India!

Therefore, the $42 billion promised “Chinese investments” in Pakistan is Islamabad’s way of squaring it with India and an attempt at scoring a brownie point over India.

But the Chinese are far smarter. They put their money only when they are sure of deriving maximum strategic benefits.

Even if one were to believe that China is going to invest $42 billion in Pakistan (and no time frame of Chinese investments is given by either side) it is pertinent to note in what context this reported Chinese “pledge” has come about.

China is feeling the heat of the jihadist terror and knows very well that Pakistan is the cradle and fountainhead of such terror outfits.

China has repeatedly made uncharitable remarks about Pakistan’s role in harbouring these jihadist forces which, of course, have not been China-centric but off and on have hit China badly. At the same time, China cannot afford to dump Pakistan. China needs Pakistan badly for strategic reasons. China has been reaching out to Central Asia and to the Muslim world through Pakistan.

This is the China-Pakistan strategic template which is not going to change significantly in the coming years no matter howsoever poor Pakistan’s track record on the terror issue has been or will be.

The only way of looking at the Chinese promise of pouring $42 billion worth investment in Pakistan, if it turns out to true this time around, is that this is in lieu of the help that Pakistan is going to give to China with regard to jihadist forces active in China’s restive Xinjiang region.

Significantly, the Chinese foreign ministry highlighted this part of the arrangement with Pakistan – and not the Chinese promise of $42 billion investment in Pakistan. The Chinese foreign ministry quoted Nawaz Sharif as having said that Pakistan would "resolutely fight the East Turkestan Islamic Movement terrorist force."

If the promised $42 billion worth Chinese investments were indeed to flow into Pakistan, then this seems to be a price tag for China buying an insurance policy from Pakistan that in exchange Pakistan-based jihadist forces would no longer be troubling China.

In other words, China is buying a $42 billion insurance policy from Pakistan!

This is virtually a ransom being paid by China to Pakistan for keeping its China-specific terrorists in check.

In the Indian sub-continent this is known as “hafta” or the weekly protection money that is extracted by goons.

*The writer is FirstPost Consulting Editor and a strategic analyst who tweets @Kishkindha.

How is this relevant to the topic?

 

[AgNoStiC MuSliM]

How is this relevant to the topic?

The Indian media's ability to generate analyses of such epic nonsensical and irrational proportions allows for said analyses to be used on anywhere, in any topic, because somehow they'll concoct some new unit in the Pakistan Army (BAT's for example) or suggest that Chinese small arms are so complex and mythical that the Chinese need to provide training to Pakistan to use them, or provide such precise details of Dawood Ibrahim's latest movements and shenanigans in Pakistan that make one wonder how he has been able to live in Pakistan without so much as a clear and recent photograph being taken.

Now see, in this case, the fact that a similar amount of money has been mentioned (different currency but who can be bothered about that) allows for that particle op-ed piece to be inserted into this topic.

 

[xyxmt]

First it was 34 Billion , than 64 and Now they are stating as 96 B RS

when did the project start, what year?

 

[The SC]

Reality of $42bn investment by China in Pakistan

Is China buying a $42 bn insurance policy from Pakistan?
by Rajeev Sharma Nov 10, 2014
China-Pakistan relationship has been topping the radar screens of the Indian security and intelligence establishments.

The latest stunning development in China-Pakistan relations – the news of China agreeing to invest $42 billion in Pakistan-- wouldn’t have obviously gone unnoticed by the Indian strategic establishment which has been keeping a tab on the two countries India has fought wars with.

The truth is starkly different.

China and Pakistan may have repeatedly claimed that their friendship is higher than mountains, deeper than oceans and sweeter than honey, but the reality is that when it comes to China loosening its purse strings by way of economic aid or investments the Chinese have been miserly towards Pakistan.

Consider the statistics of a prestigious American think tank given below.

Details

Pakistan’s top civil and military leaders – their presidents, prime ministers, army chiefs and ISI chiefs – have been visiting China at the drop of a hat. After all such visits to Beijing, the Pakistani leaders have been making tall claims. But all such claims have proven to be empty words.

Therefore, one will have to wait and watch about the veracity of one more such claim made by Pakistani Prime Minister Nawaz Sharif after his recent visit to China. Sharif announced on 8 November in Beijing that China had promised Pakistan an investment of a whopping $42 billion, most of which will be parked in Pakistan’s energy sector.

While commenting on the 19 agreements and MoUs signed between Pakistan and China during Sharif’s visit to China, Amir Zamir, spokesman for Pakistan's ministry of planning and development, made the following on-record remarks to the press: "The deals being signed between China and Pakistan are worth $42 billion. The whole investment is being made by China. There is no loan or aid for the energy projects, but pure investment by the Chinese."

Well, the proof of the pudding is in the eating! This seems to be plain bluster. No country has parked so much money in Pakistan for “investment” purposes as Islamabad has claimed from the roof tops.

Even China, for that matter, has been “talking” about its upcoming investments in Pakistan’s energy sector, particularly nuclear energy. But this has remained in the realm of words only; with little investments actually flowing into Pakistan.

Chinese President Xi Jinping was to travel to Pakistan but he canceled his visit at the last minute in September, though he traveled to India in the same month. In a way, Xi dehyphenated India from Pakistan.

During his India visit, Xi had announced $20 billion Chinese investment in India for the next five years. Islamabad must have noted this and squirmed over the development. Here was their “all-weather” friend and ally which does not invest much in their country but loosens up its purse strings for the arch-rivals India!

Therefore, the $42 billion promised “Chinese investments” in Pakistan is Islamabad’s way of squaring it with India and an attempt at scoring a brownie point over India.

But the Chinese are far smarter. They put their money only when they are sure of deriving maximum strategic benefits.

Even if one were to believe that China is going to invest $42 billion in Pakistan (and no time frame of Chinese investments is given by either side) it is pertinent to note in what context this reported Chinese “pledge” has come about.

China is feeling the heat of the jihadist terror and knows very well that Pakistan is the cradle and fountainhead of such terror outfits.

China has repeatedly made uncharitable remarks about Pakistan’s role in harbouring these jihadist forces which, of course, have not been China-centric but off and on have hit China badly. At the same time, China cannot afford to dump Pakistan. China needs Pakistan badly for strategic reasons. China has been reaching out to Central Asia and to the Muslim world through Pakistan.

This is the China-Pakistan strategic template which is not going to change significantly in the coming years no matter howsoever poor Pakistan’s track record on the terror issue has been or will be.

The only way of looking at the Chinese promise of pouring $42 billion worth investment in Pakistan, if it turns out to true this time around, is that this is in lieu of the help that Pakistan is going to give to China with regard to jihadist forces active in China’s restive Xinjiang region.

Significantly, the Chinese foreign ministry highlighted this part of the arrangement with Pakistan – and not the Chinese promise of $42 billion investment in Pakistan. The Chinese foreign ministry quoted Nawaz Sharif as having said that Pakistan would "resolutely fight the East Turkestan Islamic Movement terrorist force."

If the promised $42 billion worth Chinese investments were indeed to flow into Pakistan, then this seems to be a price tag for China buying an insurance policy from Pakistan that in exchange Pakistan-based jihadist forces would no longer be troubling China.

In other words, China is buying a $42 billion insurance policy from Pakistan!

This is virtually a ransom being paid by China to Pakistan for keeping its China-specific terrorists in check.

In the Indian sub-continent this is known as “hafta” or the weekly protection money that is extracted by goons.

*The writer is FirstPost Consulting Editor and a strategic analyst who tweets @Kishkindha.

Pakistan will have to secure the places where the projects are going to take place. Nothing more nothing less.
The author says that Indian Intelligence Agencies are freaking out, and he jumps right away to terrorism, belittling China to a fearful country from an almost inexistent terrorist threat, and exposing the inevitable terrorism label Indians have tagged Pakistan with... and most importantly the Indian incredulity to the news, it came to them as a shock, since they were expecting something like a $100 billion in Chinese investments, but got a maybe $20 billion, while (and how dare) Pakistan get double that, not even in a maybe gesture but actually by signing the deals and MoUs.
One can smell displaced anger, jealousy and envy throughout the not so well manipulated and clearly biased article.

 

[OrionHunter]

48billion??

Rs37 billion to Rs85 billion? More than double the initial estimates??? Wow! Someone is laughing all the way to the bank!!!

 

[A.M.]

when did the project start, what year?

Started in 2007 and expected to finish in 2015-2016.

 

[xyxmt]

Started in 2007 and expected to finish in 2015-2016.

now check rupee value in 2007 Vs. now
in 2007 it was 61 now its 101, cost will defenitly go up in rupee because of change in exchange rate also dollar cost will go up for inflation. Its not a scam its incompetence they they cant finish a project in time.