Buy PIA and get steel mill for free: Mistah Ismael

[newb3e]

Throw Imran, Nawaz, Zardari and Altaf in as well. Wait, make it even sweeter, throw Diesel and Maryam in as well!

how about asfandyar , that achank zai i am sure no one will miss them.

 

[Hyperion]

Why not!

how about asfandyar , that achank zai i am sure no one will miss them.

 

[ziaulislam]

The last dictator had enough time to fix it but he didn't. Every government uses government own companies to help grow their support base. They can't pay voters directly to give them votes and they don't have enough bandwidth to swindle money from every nook and corner so they assign this work to their followers. especially airlines are very attractive among politicians. People in our part of the world take pride in working for it as well if someone gets added incentive to fly abroad then you own that person. Steel mills are more like to satisfied lower rank of a populace who can just vote and don't have the proper education to do any clerical job or a desk job.

India had the same issue but they started privatization drive and now this cancer is restricted to very few corporations.

Steel mills was sold but reversed by court that cost over 300 billion
Exports, economy doubled..keep that for 20-30 years and you are developed country

 

[ziaulislam]

Pakistan should not give PIA or PSM away for free. Instead, it should sell a 51% stake in both companies and keep the rest. Some arrangement needs to be made about the debt, of course. In addition, more capital needs to be poured in for modernization.

Then there are the political costs of job cuts. We PIA is well overstaffed with many of the appointments made on political basis. Something will need to be done there to. So I don't think simply giving the company away will be the correct move even though it might the easiest one.

There is no way to sell something that is priced in negative ...how difficult is that..do you guys understand maths ????

PIA liabilities are 442 billion rupees ..

 

[ziaulislam]

Sir, I think you are unaware of PIA's brilliant past; PIA is the one which assisted in 1986 in the birth of Emirates, now Emirates fleet is consists of 268 aircraft and is one of the world youngest fleet.
Definitely PIA didn't turn to this status over night, Rulers (be reminded that I am not targeting a single political party) and PIA employees themselves are responsible for this dire condition of this brilliant institute. Definitely when you ignore merit and politicise institutes than this is the end result.
Now if you thoroughly go thru my post, could you explain that why there was not a single Pakistani in the country to organise PIA and we have to import a foreigner for the job.
Further, while being as a head of government your airline is flourishing and national airline is at the brink of disaster then what it is called? IMO this is conflict of interest ... isn't it?

Sir that past was during era of ayub,zia and mushi...not democracy ...if you want democracy thsn govt run.institutions cant exist ...i dont know why such simple logic doesnt fit peoples head

1- Non of civilian politician is 0.01% capable of as was Musharraf.
2- ALL leaders of political parties are steered by foreign agencies, by hook or crook.

Musharraf eve turned PIA, WAPDA and all of country in to profit.
Musharraf started to pay back loans and was on road to pay back all of the foreign loans.
Before Musharraf, every Pakistani was poor. People couldn't afford motor bike, internet was limited to 3 cities, education opportunities were 0.001 as compare to what he provided.
He modernized Pak army. Under his stewardship airforce became x10 more advance and powerful.

Quite strangely every media commentator always mention Musharraf as a bad example.
I wonder, if they are afraid of him or trying to make public afraid of him /army generals.
What a shame, he's been trialed as traitor but non of popular politician call it wrong.

I will end with one word.... fuk you Imran Khan.

fun fact he over vlaued ptcl too
today ptcl is valued at 8 billion dollars just because UAE brought 25% shares for 2.4 billion dollars(over 1 billion dollars higher than second bid)
he sold 50% of steel mills for 32 billion rupees and would have done the same with PIA

this would have saved atleast 6-8 billion in direct valuation(today liabilites of PIA steel mills are >600 billion rupees) and 10+ billion dollars in indirect costs

its almost half of CPEC lol

 

[newb3e]

privatization is not a bad thing infact in case of steel mill and pia both are over staffed and hiring is done based on political affiliation and not merit so selling it to a private enterprise will ensure efficiency and tax income for Pakistan but it should be done in open and transparent manner.

 

[Hassan Guy]

sing me up bruv

 

[Clutch]

Burn both PIA and the Steel Mill down for all I care!!

 

[ziaulislam]

privatization is not a bad thing infact in case of steel mill and pia both are over staffed and hiring is done based on political affiliation and not merit so selling it to a private enterprise will ensure efficiency and tax income for Pakistan but it should be done in open and transparent manner.

issue is as Mr Ismael said that nobody is going to buy it even for free because its total value is in negative..its just aa brand value that is left..and we know how good PIA brand is!

 

[Kabira]

1- Non of civilian politician is 0.01% capable of as was Musharraf.
2- ALL leaders of political parties are steered by foreign agencies, by hook or crook.

Musharraf eve turned PIA, WAPDA and all of country in to profit.
Musharraf started to pay back loans and was on road to pay back all of the foreign loans.
Before Musharraf, every Pakistani was poor. People couldn't afford motor bike, internet was limited to 3 cities, education opportunities were 0.001 as compare to what he provided.
He modernized Pak army. Under his stewardship airforce became x10 more advance and powerful.

Quite strangely every media commentator always mention Musharraf as a bad example.
I wonder, if they are afraid of him or trying to make public afraid of him /army generals.
What a shame, he's been trialed as traitor but non of popular politician call it wrong.

I will end with one word.... fuk you Imran Khan.

Tell me growth rate between 1999-01 in Mushrraf era, nothing 0. He didn't do jack squat, just had to bow down after 9/11 which removed 15 year old sanctions and helped growth rate and investment. Soon all will go down to gutter starting in 2006 because he didn't do his home work before going in to WOT. He forgot to seal Pak-Afghan border and deport afghanis. His gov also didn't plan ahead and higher growth rate resulted in higher demand for electricity in later years but no new power plant.

 

[Winchester]

What percentage of the Pakistani population uses PIA?

Even if its 2 million a year that is like 1% of the total population. So to facilitate those 1% and good for nothing PIA employees we end up paying billions through our taxes just to keep the thing running.

 

[ziaulislam]

What percentage of the Pakistani population uses PIA?

Even if its 2 million a year that is like 1% of the total population. So to facilitate those 1% and good for nothing PIA employees we end up paying billions through our taxes just to keep the thing running.

its not even 0.1 million year!
its around 0.01% population
but it does employee 1000s of jiyalas and matwals

those think about glory..PIA has fouled Pakistan name recently more than anything, just yesterday another 2 smugglers in form pia were sent to jail

 

[Shane]

throw Diesel and Maryam in as well!

Come on man! whiskey tango foxtrot for hells sake!
We are talking about making the deal sweeter, not makin people puke, lol.

Tell me growth rate between 1999-01 in Mushrraf era, nothing 0. He didn't do jack squat, just had to bow down after 9/11 which removed 15 year old sanctions and helped growth rate and investment. Soon all will go down to gutter starting in 2006 because he didn't do his home work before going in to WOT. He forgot to seal Pak-Afghan border and deport afghanis. His gov also didn't plan ahead and higher growth rate resulted in higher demand for electricity in later years but no new power plant.

You didn't answer the following my dear.

@Kabira the great...Consider another master stroke of PMLN Government achievement:

Power sector Circular debt was Rs 480 billion after 5 years of PPP Zardar Rule.

Power sector Circular debt is now crossing Rs 900 billion after 5 year Bakvas Sharif Rule.
(Edit: sorry, after 4.5 year rule and subsequent kick in the proverbial @.)

Any excuses dear?

 

[I.R.A]

Both organisations got destroyed by the political mafia of Pakistan. If Pakistani political mafia and the jarnails would let Pakistani bloody civilians do their job based on merit ....... the things would have been different. Na maray ga Bhutto na jiay gi Pakistani Qaum.

PIA carries dead weight, useless large work force ..... generally employees of an organisation are its assets but in PIA's case they are the biggest burden and liability ...... you need a ruthless free insensitive dictator in PIA to revive it ....... Siyasat dano kay bus ki aur mufad ki bat nai hy.

Second steel mill owns assets and immovable property that in hands of Malik Riaz would be worth billions, I don't know why the sale has to based on historical book values ....... I wasn't expecting stupidity from Miftah ....

 

[Kabira]

Come on man! whiskey tango foxtrot for hells sake!
We are talking about making the deal sweeter, not makin people puke, lol.


You didn't answer the following my dear.

@Kabira the great...Consider another master stroke of PMLN Government achievement:

Power sector Circular debt was Rs 480 billion after 5 years of PPP Zardar Rule.

Power sector Circular debt is now crossing Rs 900 billion after 5 year Bakvas Sharif Rule.
(Edit: sorry, after 4.5 year rule and subsequent kick in the proverbial @.)

Any excuses dear?

Its simple as long as all other 3 provinces don't pay their bills and steal electricity, circular debt will keep increasing. Keep blaming Sharif for things which is out of his control.