ziaulislam
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its important to understand the current values of each
1. value of PIA=assets-liabilities=~200 billion-441 billion rupees=-222 billion rupees
so even if Pakistan pays the investor 2.2 billion rupees it would be a good deal
so why hasnt the PIA bankrupted than..well it has bankrupted 20 times but is balied ot by govt which can never be bankrupted
source:check PIA own site
2. value of steel mills
unfortunately
steels mills is not a coperation or atleats i cant find its valuation online
sir how much would a car built in 1960s cost these days...Actually Miftahs father donated steel mill to Pakistan, thats why its for free. Sare kutty Pakistan ko hi noch ker khnay main lagy hoay hain....
i wont even buy it for scrap especially if you say it comes with 3 billion dollars loan
solution:
1. PIA:
govt takes all the liabliites and ask for an investor to come in invets 25 % of its valuation and provide hand shake to most of the employees
govt cost =~6 billion dollars(4.4 billion is liablilites/loans, rest is hand shake deals)
2. steels mills
govt looks for investor or try to convicne the previous conortium to take it over, again govt will has to take the 200+bilion ruppes liablities
total cost of this privatization=6+4=10 billion dollars
BUT ITS BETTER BECAUSE IN DECADE IT WILL BE 20 BILLION DOLLARS
GET READY FOR 422 BILLION RUPPES LOANSCan anyone please give me some Chanda so I can buy PIA in Cheap. Donor can keep Steel Mill.