Govt shuns plans to renegotiate $15b energy projects

[Norwegian]

Show the reality and make electricity expensive. IMF was right and Hafez was right.

If we had done this in March than Pakistan would have been better than right now but Imran Khan proved that he is totally incompetent and hired a person a who does not even know how to run a bank.

Tareen was the worst decision taken by Imran Khan

 

[Patriot forever]

Show the reality and make electricity expensive. IMF was right and Hafez was right.

If we had done this in March than Pakistan would have been better than right now but Imran Khan proved that he is totally incompetent and hired a person a who does not even know how to run a bank.

People do not understand these things. Government tried everything, paon pakarna baki reh gaya tha. The reason is our industries can not afford the rates.


The most worrying thing is we are looking at a constant outflow of $3-4b in just SOVEREIGN BACKED ROI payment.

Capacity payments are additional.

Moreover these are all imported fuel plants

RLNG
Imported coal.

Further energy import bill.

 

[Desprado]

People do not understand these things. Government tried everything, paon pakarna baki reh gaya tha. The reason is our industries can not afford the rates.


The most worrying thing is we are looking at a constant outflow of $3-4b in just SOVEREIGN BACKED ROI payment.

Capacity payments are additional.

Moreover these are all imported fuel plants

RLNG
Imported coal.

Further energy import bill.

Yar bhai Thailand faced same problem in 1999 when they were on verge of default.

They put entire burden on consumer and side and give relief to export industry. It was hard to pill to sallow and look where are they know.

Put all the burden on consumer and give relaxes to Exporter side until we do figure out the mess.

 

[Norwegian]

People do not understand these things. Government tried everything, paon pakarna baki reh gaya tha. The reason is our industries can not afford the rates.


The most worrying thing is we are looking at a constant outflow of $3-4b in just SOVEREIGN BACKED ROI payment.

Capacity payments are additional.

Moreover these are all imported fuel plants

RLNG
Imported coal.

Further energy import bill.

Even Chinese are not relocating industries to Pakistan because of usually expensive energy projects they themselves made for Pakistan

 

[salute]

@Desprado @FOOLS_NIGHTMARE As expected you would never post about the burden now left over this nation due to these poorly negotiated agreements by NS. Why would you, you entire job is to paint a picture that supports your petty political alliances.

Well Nawaz made those agreements when he and Ishaq dar were maintaining a constant dollar to PKR rate at 100. It was a good deal then. The country was growing at decent rate of over 5%. And had it continued this payment would have been easy. So what started this meltdown? Imran's constant dharnas and labbaik sit in, which undid the growth. Contrary to popular belief here, terrorist attacks and US drone attacks came down in PML-N period not Imran's. Army too wanted PML-N out for their own reasons. So growth came to a naught, these expenses became a huge overhead. All of PML-N financial plans came to tatters and Pakistan as a country had to stare at a massive debt blackhole.

So moral of the story is to let any government in power to do its job till the end and make a decision on their performance. Too many institutions of Pakistan have a stake in administration and each vying to undercut others. I don't know if it is cultural but it has become a bane for Pakistan for too long now. Pakistanis should come together and should make sure that boundaries are established between various organs clearly.

 

[arjunk]

Use the excess electricity for massive crypto rigs.

 

[Patriot forever]

Yar bhai Thailand faced same problem in 1999 when they were on verge of default.

They put entire burden on consumer and side and give relief to export industry. It was hard to pill to sallow and look where are they know.

Put all the burden on consumer and give relaxes to Exporter side until we do figure out the mess.

Talking from pure economic perspective. Even if we do that.

What about the outflow, these are dollar payments each year.

We are looking at $3-5b dollars each year.

These are pure imported fuel power plants to further add salt to injury.

 

[mourning sage]

Where is our Sangi @Desprado ? Yeah dude? are you looking at the region's most expensive energy contracts that your hero (should I say, for your, your Quaid - e - Azam) signed sinking this poor nation into a debt trap.

I am sure in your heart you already know what your Sangis have done but you either worship that holy goddess Maryam or you're paid to spread pro N propaganda. But this right here my dear friend, if you are indeed in Pakistan, is going to affect you, your family and your kids. So good luck justifying to your heart why you should suffer for your corrupt Sangis.

Jiye Nawaj bin Modi

 

[Desprado]

Talking from pure economic perspective. Even if we do that.

What about the outflow, these are dollar payments each year.

We are looking at $3-5b dollars each year.

These are pure imported fuel power plants to further add salt to injury.

That is why i said so many times you people laugh at me. It is time to save reserve, build reserve and complete IMF program so that Pakistan can survive.


It is up to PTI fans that to make a choice that they want cars sale growth or Reserve growth upto them.

 

[Patriot forever]

Well Nawaz made those agreements when he and Ishaq dar were maintaining a constant dollar to PKR rate at 100. It was a good deal then. The country was growing at decent rate of over 5%. And had it continued this payment would have been easy. So what started this meltdown? Imran's constant dharnas and labbaik sit in, which undid the growth. Contrary to popular belief here, terrorist attacks and US drone attacks came down in PML-N period not Imran's. Army too wanted PML-N out for their own reasons. So growth came to a naught, these expenses became a huge overhead. All of PML-N financial plans came to tatters and Pakistan as a country had to stare at a massive debt blackhole.

So moral of the story is to let any government in power to do its job till the end and make a decision on their performance. Too many institutions of Pakistan have a stake in administration and each vying to undercut others. I don't know if it is cultural but it has become a bane for Pakistan for too long now. Pakistanis should come together and should make sure that boundaries are established between various organs clearly.

They were never a good deal. These are pure dollar outflows how will you get the dollars.

No country offers sovereign backed upto 30% ROI.

Fixing currency does not make payments disappear, you were actively subsidising it. On top of it your exports did not grow due to currency manipulation, remittances growth was minimal. Currency manipulation only benefit is to artificially control inflation in an import dependant economy, and further digs us in an import economy trench.

 

[Desprado]

They were never a good deal. These are pure dollar outflows how will you get the dollars.

No country offers sovereign backed upto 30% ROI.

Fixing currency does not make payments disappear, you were actively subsidising it. On top of it your exports did not grow due to currency manipulation, remittances growth was minimal. Currency manipulation only benefit is to artificially control inflation in an import dependant economy, and further digs us in an import economy trench.

Right now we more importers than in PMLN do you know that? At that time we did not import food that much or petrol.

 

[Patriot forever]

That is why i said so many times you people laugh at me. It is time to save reserve, build reserve and complete IMF program so that Pakistan can survive.


It is up to PTI fans that to make a choice that they want cars sale growth or Reserve growth upto them.

You can never build reserves when having severe outflows like these. The only thing you can build on is debt and further entrench yourself in debt trap cycle.

Right now we more importers than in PMLN do you know that? At that time we did not import food that much or petrol.

Build more imported fuel plants right.

Currently we are not importing more in quantity but paying more, keeping in view the population growth and international inflationary cycle.

Fix more lower support prices for crops to control inflation to an extent where your farmers are pressed hard and landowners move to property due to higher return. With the growth in population your crop output is not able to catch up.

 

[Desprado]

You can never build reserves when having severe outflows like these. The only thing you can build on is debt and further entrench yourself in debt trap cycle.

Can when you have interest rate high. Do you know Indonesian used to cap 10 to 15% interest rate to save dollars? Why cannot we.

If Imran Khan makes people sallow hard pills than people will massively vote for him because did it for Pakistan but he do things same or worse than PMLN or PPP than they will vote PPP or PMLN because they are better than him making import growth of cars and luxury items.


People voted for Imran Khan to do hard decision not easy or popular decision.

 

[ziaulislam]

Nawaz magic wand ... bhai jan zindabad. shahbaz speed... usually audit reports and contract info burnt with the building...accidental fires are very common... and Chinese ... no idea if they do any audit on their end...

Wait 2023..more to come till we default

You can never build reserves when having severe outflows like these. The only thing you can build on is debt and further entrench yourself in debt trap cycle.


Build more imported fuel plants right.

Currently we are not importing more in quantity but paying more, keeping in view the population growth and international inflationary cycle.

Fix more lower support prices for crops to control inflation to an extent where your farmers are pressed hard and landowners move to property due to higher return. With the growth in population your crop output is not able to catch up.

Reverse patwari logic always work

Run to IMF
Destroy exports
Fix low interest rate for runaway CAD
sign high cost deals
Fix lower wheat prices to strangle produxtion

 

[Desprado]

You can never build reserves when having severe outflows like these. The only thing you can build on is debt and further entrench yourself in debt trap cycle.


Build more imported fuel plants right.

Currently we are not importing more in quantity but paying more, keeping in view the population growth and international inflationary cycle.

Fix more lower support prices for crops to control inflation to an extent where your farmers are pressed hard and landowners move to property due to higher return. With the growth in population your crop output is not able to catch up.

Wrong. We are creating articifal demand like PMLN did.

We have to show reality and things are getting expensive due to PTI incompetence. They are trying to fix prices of petrol and Food, which will massively back fire and in result it will shoot up massively just like controlled Dollar rate same PTI is doing with food and petrol prices. After that they also need to increase interest rate real value, which is 9% to 10% to avoid upcoming disaster.

Both PMLN and PTI are same.

That is PPP manage external crisis far better these 2 parties.