How Pmln govt fooled the nation on CPEC

[Norwegian]

Going through an article from 2017 on Reuters, I was stunned to find chief economist of the planning ministry in Pmln govt was projecting 6-8 billion dollar revenues from Cpec by 2020

Javaid said the Gwadar-Xinjiang corridor should be operational from June next year, and Pakistan expects up to 4 percent of global trade to pass through it by 2020.
“The kind of toll tax, rental fees that the Pakistani system will gain is roughly $6-$8 billion a year,” Javaid, chief economist at the Planning Ministry, said in an interview. “By 2020, I expect we will get this much momentum.”

Moreover, same chief economist calculated that Pakistan won't be facing a balance of payment crisis, because revenues from Cpec would be sufficient enough to balance out the debt and deficits caused by Cpec

Javaid said debt repayments and profit repatriation from CPEC projects will begin in 2019, totaling about $1.5-$1.9 billion, and rising to $3-$3.5 billion by the following year.
“It would be low in the beginning, and in 2022 it will peak at around $5 billion - not more than that,” he said, adding the government does not think it likely that Pakistan will face a balance of payments crisis.

Pakistan's 'Silk Road' repayments to peak at around $5 billion a year: chief economist

Pakistan's debt and other repayments on China's "Belt and Road" initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government's chief economist.

www.reuters.com

So there you have it. The most experienced govt in history of Pakistan gave us the worst balance of payment crisis only a year later due to their gross miscalculation. What kind of idiots had we working in the planning ministry who made such off the mark predictions? And what kind of bestest govt believed and sold these lies to gullible masses that Cpec is their savior?

@beijingwalker @Viet @Joe Shearer @Dual Wielder @Patriot forever @ziaulislam @Indus Pakistan @Muhammad Omar @maverick1977 @FOOLS_NIGHTMARE @koolio @Verve @ghazi52 @Path-Finder

 

[xyxmt]

No wonder all the PMLN goons took advance deposit for their corruption before 2018.
I think PMLN is the biggest gang of buffoons headed by Large pumpkin head buffoon.

Someone asked NS in an interview "What do you think is your best quality"
You know what was that buffoon's reply, "my biggest quality is that no one can tell what I am thinking"

yes no one, not even you, you $hithead!!

 

[Clutch]

No wonder all the PMLN goons took advance deposit for their corruption before 2018.
I think PMLN is the biggest gang of buffoons headed by Large pumpkin head buffoon.

Someone asked NS in an interview "What do you think is your best quality"
You know what was that buffoon's reply, "my biggest quality is that no one can tell what I am thinking"

yes no one, not even you, you $hithead!!

Surprisingly there is a whole breed of inbred who worship this brain-dead retard.... That's the sad part.

Having an imbecile as a leader is something many nations have faced.. but it takes a special case of retards to keep worshiping that imbecile even after he is deposed.... !!!... That's what we have in the Pakistani Patwaris.... Stupid...

 

[Norwegian]

No wonder all the PMLN goons took advance deposit for their corruption before 2018.
I think PMLN is the biggest gang of buffoons headed by Large pumpkin head buffoon.

Someone asked NS in an interview "What do you think is your best quality"
You know what was that buffoon's reply, "my biggest quality is that no one can tell what I am thinking"

yes no one, not even you, you $hithead!!

Here is the total mental capability of convicted criminal, absconder national thief who ruled 200 million people 3 times:

Criticising the PTI government for blaming the PML-N government for Pakistan’s economic woes, Nawaz said, “If they say we used artificial means to stabilise the dollar, then they can do it too.”

“What is the artificial way to maintain the price of the dollar?” he further questioned.

PML-N govt kept dollar price on a tight leash, Nawaz says | Pakistan Today

ISLAMABAD: Former prime minister and Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif on Friday said…

archive.pakistantoday.com.pk

 

[muhammadhafeezmalik]

Going through an article from 2017 on Reuters, I was stunned to find chief economist of the planning ministry in Pmln govt was projecting 6-8 billion dollar revenues from Cpec by 2020


Moreover, same chief economist calculated that Pakistan won't be facing a balance of payment crisis, because revenues from Cpec would be sufficient enough to balance out the debt and deficits caused by Cpec

Pakistan's 'Silk Road' repayments to peak at around $5 billion a year: chief economist

Pakistan's debt and other repayments on China's "Belt and Road" initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government's chief economist.

www.reuters.com

So there you have it. The most experienced govt in history of Pakistan gave us the worst balance of payment crisis only a year later due to their gross miscalculation. What kind of idiots had we working in the planning ministry who made such off the mark predictions? And what kind of bestest govt believed and sold these lies to gullible masses that Cpec is their savior?
View attachment 731229View attachment 731230
View attachment 731232View attachment 731231
@beijingwalker @Viet @Joe Shearer @Dual Wielder @Patriot forever @ziaulislam @Indus Pakistan @Muhammad Omar @maverick1977 @FOOLS_NIGHTMARE @koolio @Verve @ghazi52 @Path-Finder

How much tax is being collected from road infrastructure and power plants set-up under CPEC??

How much these facilities are helpful to the economy of Pakistan??

How much Pakistan would be producing if 18-20 hours of load-shedding would be continued till now??

 

[TheSnakeEatingMarkhur]

Going through an article from 2017 on Reuters, I was stunned to find chief economist of the planning ministry in Pmln govt was projecting 6-8 billion dollar revenues from Cpec by 2020


Moreover, same chief economist calculated that Pakistan won't be facing a balance of payment crisis, because revenues from Cpec would be sufficient enough to balance out the debt and deficits caused by Cpec

Pakistan's 'Silk Road' repayments to peak at around $5 billion a year: chief economist

Pakistan's debt and other repayments on China's "Belt and Road" initiative will peak at around $5 billion in 2022, but will be more than offset by transit fees charged on the new transport corridor, says the Pakistan government's chief economist.

www.reuters.com

So there you have it. The most experienced govt in history of Pakistan gave us the worst balance of payment crisis only a year later due to their gross miscalculation. What kind of idiots had we working in the planning ministry who made such off the mark predictions? And what kind of bestest govt believed and sold these lies to gullible masses that Cpec is their savior?
View attachment 731229View attachment 731230
View attachment 731232View attachment 731231
@beijingwalker @Viet @Joe Shearer @Dual Wielder @Patriot forever @ziaulislam @Indus Pakistan @Muhammad Omar @maverick1977 @FOOLS_NIGHTMARE @koolio @Verve @ghazi52 @Path-Finder

I had this Patwari saying to me Pakistan ka sara qarza 1 second me sirf roads ki waja se wapis ho jaye ga

How much Pakistan would be producing if 18-20 hours of load-shedding would be continued till now??

Bahi how much more we are paying for electricity due to expansive projects of Noonie bau ? He put a solar plant in desert of Bhawalpur which in the dusty environment reduced efficiency from 80% to 40%

 

[Norwegian]

How much Pakistan would be producing if 18-20 hours of load-shedding would be continued till now??

I had this Patwari saying to me Pakistan ka sara qarza 1 second me sirf roads ki waja se wapis ho jaye ga
Bahi how much more we are paying for electricity due to expansive projects of Noonie bau ? He put a solar plant in desert of Bhawalpur which in the dusty environment reduced efficiency from 80% to 40%

This is typical Pmln strategy. Solve one problem (electricity shortage), create ten more problems in return. Just like Pmln govts calculation on Cpec revenues was way off the mark, so was their calculation on electricity consumption. In a typical development country, electricity consumption increases over time, as new industry is set up that requires more energy. Unfortunately for Pakistan's case, no such thing happened. Instead 5 years of Cpec brought us the most expensive electricity in the region. As the price of electricity became unaffordable for the industry and masses alike, its consumption dropped. This led to another on going crisis: oversupply of electricity with its attached ever increasing cost due to faulty cpec contracts:

Pakistan’s unexpected dilemma: too much electricity

Large-scale construction of new power plants — largely coal-fired ones funded by China — has dramatically boosted energy capacity.

www.dawn.com

 

[ziaulislam]

No wonder all the PMLN goons took advance deposit for their corruption before 2018.
I think PMLN is the biggest gang of buffoons headed by Large pumpkin head buffoon.

Someone asked NS in an interview "What do you think is your best quality"
You know what was that buffoon's reply, "my biggest quality is that no one can tell what I am thinking"

yes no one, not even you, you $hithead!!

Are you implying all of central punjab are buffon
PMLN won hands down in central punjab in 2018 & will win again 2023
Because central punjab is the most educated & developed region of pakistan

This is typical Pmln strategy. Solve one problem (electricity shortage), create ten more problems in return. Just like Pmln govts calculation on Cpec revenues was way off the mark, so was their calculation on electricity consumption. In a typical development country, electricity consumption increases over time, as new industry is set up that requires more energy. Unfortunately for Pakistan's case, no such thing happened. Instead 5 years of Cpec brought us the most expensive electricity in the region. As the price of electricity became unaffordable for the industry and masses alike, its consumption dropped. This led to another on going crisis: oversupply of electricity with its attached ever increasing cost due to faulty cpec contracts:
View attachment 731304View attachment 731305View attachment 731306

Pakistan’s unexpected dilemma: too much electricity

Large-scale construction of new power plants — largely coal-fired ones funded by China — has dramatically boosted energy capacity.

www.dawn.com

All PMLN need to do was to build LNG based plants or coal based plant from PSDP if it couldnt get the required investment

It did the later anyway but also gave a RoR of 20% destroying the power sector

It will takes decades to bring down the power prices by that time maryum will be back to create a new problem

I think IK job is to clean the shit(like mushi) so maryum and bilawal can shit again on people of pakistan
I will be telling the same story 30 years from now but this timw it will be maryum son.

Or may be not who knows..we may be part of india by then ans misery may end by then..afterall we came very close to that in 2018 when country was almost bankrupted..some people were already hording dollars and indian currency to prepare for that eventuality ...how beautiful would it be when we use nehru and ghandi money in "pakistan" just like afghanis use to use pakistani rupee in afghanistan

 

[Norwegian]

All PMLN need to do was to build LNG based plants or coal based plant from PSDP if it couldnt get the required investment

It did the later anyway but also gave a RoR of 20% destroying the power sector

It will takes decades to bring down the power prices by that time maryum will be back to create a new problem

I think IK job is to clean the shit(like mushi) so maryum and bilawal can shit again on people of pakistan
I will be telling the same story 30 years from now but this timw it will be maryum son.

Or may be not who knows..we may be part of india by then ans misery may end by then..afterall we came very close to that in 2018 when country was almost bankrupted..some people were already hording dollars and indian currency to prepare for that eventuality ...how beautiful would it be when we use nehru and ghandi money in "pakistan" just like afghanis use to use pakistani rupee in afghanistan

This is how Sharif mafia got rich. They took huge loans from national banks for investment. Then they came into power and forced bank directors to forgive these loans after default. This corruption money was then laundered to offshore tax havens. Same strategy was applied to national treasury of Pakistan on a grand scale. Unfortunately for them, Pakistan avoided default.

 

[Vanamali]

How much tax is being collected from road infrastructure and power plants set-up under CPEC??

How much these facilities are helpful to the economy of Pakistan??

How much Pakistan would be producing if 18-20 hours of load-shedding would be continued till now??

Might be you don't have Information in public domain... Whatever Pak Army and China does is good for Pak in long run... That is what most Pak posters say in PDF...

 

[Protest_again]

So knowing all this when is PTI cancelling CPEC?

 

[Norwegian]

So knowing all this when is PTI cancelling CPEC?

All cpec contracts are binding for decades to come

 

[Protest_again]

All cpec contracts are binding for decades to come

Indians on PDF have been saying this since 2013 that CPEC will prove to be a white elephant. Pakistanis were confident that transit fees alone will be sufficient for interest and principal payment. And you would get to use the infrastructure for free. How wrong they were.

 

[Norwegian]

Indians on PDF have been saying this since 2013 that CPEC will prove to be a white elephant. Pakistanis were confident that transit fees alone will be sufficient for interest and principal payment. And you would get to use the infrastructure for free. How wrong they were.

Indians unlike Pakistanis studied the Cpec contracts in detail. They tried to save Pakistan but to no awail.

 

[Protest_again]

Indians unlike Pakistanis studied the Cpec contracts in detail. They tried to save Pakistan but to no awail.

There were no CPEC contracts in public to study. Given how corrupt Pakistan was then, anybody would have questioned that. Pakistanis were completely blinded. They were expecting the entire Chinese trade would go through Pakistan.

And they would say if CPEC got Indians worried then it must be good. I mean what logic.