Buy PIA and get steel mill for free: Mistah Ismael

[ziaulislam]

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

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....

sir how much would a car built in 1960s cost these days...
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

Can anyone please give me some Chanda so I can buy PIA in Cheap. Donor can keep Steel Mill.

GET READY FOR 422 BILLION RUPPES LOANS

 

[MystryMan]

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...
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 LOANS

How come Sharif's own steel business and Shahid Khaqan Abbasi Air Blue is profitable but the Pak Steel and PIA are making losses. If you remember during Zardari govt, PML-N would claim that they will appoint people on merit to make public sector enterprises (including PSM and PIA) profitable again. But now they say only privatization is the solution.

 

[Kabira]

Harami Nooniye on a selling spree... shoot all of them at once...
This would be challenged in the court.

Pakistan ka paisa POTI ki haram ki kamai nai jho PIA aur PSM per laghate rahe.

 

[ziaulislam]

How come Sharif's own steel business and Shahid Khaqan Abbasi Air Blue is profitable but the Pak Steel and PIA are making losses. If you remember during Zardari govt, PML-N would claim that they will appoint people on merit to make public sector enterprises (including PSM and PIA) profitable again. But now they say only privatization is the solution.

because private business work and govt business are corrupt from top to bottom, from cleaner in washrooms to board of directors every one is corrupt

you want to stop corruption, just check the log who went to Dubai..as i can grantee you nobody less than grade 21 can afford that let alone make assets like MR cheema who is grade 18 officer

How come Sharif's own steel business and Shahid Khaqan Abbasi Air Blue is profitable but the Pak Steel and PIA are making losses. If you remember during Zardari govt, PML-N would claim that they will appoint people on merit to make public sector enterprises (including PSM and PIA) profitable again. But now they say only privatization is the solution.

they were profitable only at time of dictator, as they dont care about political corruption(as you saw in Mr Cheema) so the reason whhy PIA and steel mills were profitable for the first time in 2000s at time of either PML Q or mushi which ever you call it

so in last 30 years the most appreciable growth and reforms happened in his era(GDP doubled, exports doubled, Current account was in positive)

 

[shahbaz baig]

Why not snatch all the faciliteis of air blue and give it to PIA and snatch all the orders of products, manufacturing of shareef steel mill for PSM.
Just like they did.

 

[Nothing]

because private business work and govt business are corrupt from top to bottom, from cleaner in washrooms to board of directors every one is corrupt

you want to stop corruption, just check the log who went to Dubai..as i can grantee you nobody less than grade 21 can afford that let alone make assets like MR cheema who is grade 18 officer


they were profitable only at time of dictator, as they dont care about political corruption(as you saw in Mr Cheema) so the reason whhy PIA and steel mills were profitable for the first time in 2000s at time of either PML Q or mushi which ever you call it

so in last 30 years the most appreciable growth and reforms happened in his era(GDP doubled, exports doubled, Current account was in positive)

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.

 

[!eon]

Good five them both free even better save billions of $ yearly

Save for what ? for Swiss banks or offshore shadow companies ?
There is nothing to save for poor nation

 

[Imran Khan]

Save for what ? for Swiss banks or offshore shadow companies ?
There is nothing to save for poor nation

That is other story sir

 

[HAIDER]

How come Musharraf run steel mill in profit during his tenure. Why not these goons ...... PIA need down sizing and make it semi private.
PPP and PMLn both corrupt to the core parties. Believe in steal and transfer funds to foreign accounts.

 

[SecularNationalist]

tere baap ka maal hai jo free offers de raha hai ???

 

[HAIDER]

tere baap ka maal hai jo free offers de raha hai ???

That's how Nawaz perceive Pakistan.

 

[BATMAN]

What was wrong with Musharraf's plans of steel mills privatization?
I remember PPP, PML-N & PTI formed an alliance, and made moronic arguments against it's privatization.

tere baap ka maal hai jo free offers de raha hai ???

Jo hum every year steel mill ko detay hai wo kis key bap ka mal hai?

 

[cloud4000]

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.

 

[HAIDER]

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.

Actually Mittel and other steel tycoons of India were in talk with Nawaz , but privately. Pak steel mill has best location in the world for export import perspective . Nawaz had dream to take over . But............

 

[BATMAN]

How come Musharraf run steel mill in profit during his tenure. Why not these goons ...... PIA need down sizing and make it semi private.
PPP and PMLn both corrupt to the core parties. Believe in steal and transfer funds to foreign accounts.

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.