Loot sale : Entire Karachi Port leased to Abu Dhabi for 50 years for $50 million dollars. Chief economist general asim munir

[Jango]

1- We can't even run a port ourselves? Engro? Habib group? Lucky group? Tata group in India can diversify into everything, but except Engro, all other Pakistani groups are still stuck in the 80's with textile and low value items.

2- Why would UAE develop a Pakistani port? What incentive does it have to do that?

 

[313ghazi]

our economic experts shine again.

 

[Olympus81]

1- We can't even run a port ourselves? Engro? Habib group? Lucky group? Tata group in India can diversify into everything, but except Engro, all other groups are still stuck in the 80's with textile and low value items.

2- Why would UAE develop a Pakistani port? What incentive does it have to do that?

The incentive for UAE is to keep Pakistani port stunted so that their ports can continue shining.

Coming to the lease agreement, I think it’s pretty low. What are your thoughts?

 

[BamsiBey]

Zardari & Nawaz & Bajwa type generals have mansions and investments in Dubai from all the commissions and looted wealth in pakistan.

Asim Whiskey is just following his masters, nothing else.

If the Supreme Court judges had any balls they would block the deal. The scary part is if justice Qazi 20 numberi type come to power in sept, then God help pakistan

 

[Jango]

The incentive for UAE is to keep Pakistani port stunted so that their ports can continue shining.

Coming to the lease agreement, I think it’s pretty low. What are your thoughts?

Not in the industry and I have no idea what the industry standard is, but I won't be surprised if we got shafted.

 

[Dual Wielder]

This is the same country that threatened Pakistan with dire consequencies when it did not bow down and send our soldiers to support the Yemeni genocide.

Our Generals are auctioning the entire country off, before they pack their bags and leave treacherous b4stards the lot of them, along with their PDM Mafia enforcers..

 

[Tamerlane]

I hope they sell all of Karachi to Abu Dhabi. Or China. Anything will be better than being owned by Zardari.

 

[mangochutney]

Pakistani Generals bent over low and taken up the shitter

 

[epebble]

The incentive for UAE is to keep Pakistani port stunted so that their ports can continue shining.

Coming to the lease agreement, I think it’s pretty low. What are your thoughts?

There is nothing alarming. DP World is operating in these ports. They are not evil to be feared.

Our locations

www.dpworld.com

 

[Cash GK]

These is the same country that threatened Pakistan with dire consequencies when it did not bow down and send our soldiers to support the Yemeni genocide.

Our Generals are auctioning the entire country off, before they pack their bags and leave treacherous b4stards the lot of them, along with their PDM Mafia enforcers..

That same country is part of kicking khan out on behalf of modi

 

[protean]

Thank god its UAE, hmm this can be good over all.

Lot of Indian products to be imported through this port. How come Chinese weren't given this. They specialize in such debt ridden deals.

 

[Thəorətic Muslim]

There is nothing alarming. DP World is operating in these ports. They are not evil to be feared.

Those ports are in competition to their home logistics hub.

Then again not sure why beggars are getting angry at this. A country with no self-esteem has no reason to be respected.

 

[Areesh]

I hope they sell all of Karachi to Abu Dhabi. Or China. Anything will be better than being owned by Zardari.

So true

 

[TigerOfMysore]

Here is the fine detail which is more troubling: (did we just land lock ourselves in the proverbial sense - MADNESS yet again.)

Pakistan will also have the right to establish another container terminal facility at Karachi Port only when the aggregate container traffic at Karachi Port exceeds by more than 80% of five million TEUs and establish further terminals each time the aggregate annual container traffic at Karachi Port increases by 500,000 TEUs.

At any time such thresholds are reached, KPT shall first enter into good faith negotiations with the Dubai company to allow them to establish such additional terminal facility. If such discussions are not concluded within a period of two months, KPT can expand the port.

The incentive for UAE is to keep Pakistani port stunted so that their ports can continue shining.

Coming to the lease agreement, I think it’s pretty low. What are your thoughts?

UAE was not keen on Gawadar and some circles were even thinking it might be responsible for some of the BLA efforts. Remember if UAE is not the hub of air and sea travel then it impacts everything that is seeded there. So unless within the contract language there are clauses that pushes UAE to make KPT a regional hub under exclusive rights for upstream countries like Afghanistan and Central Asia - then this was such a dumb move.

 

[Cash GK]

Karachi port will get 23M per annum. Its not the whole port but certain section.

[URL

Here is the fine detail which is more troubling: (did we just land lock ourselves in the proverbial sense - MADNESS yet again.)

Pakistan will also have the right to establish another container terminal facility at Karachi Port only when the aggregate container traffic at Karachi Port exceeds by more than 80% of five million TEUs and establish further terminals each time the aggregate annual container traffic at Karachi Port increases by 500,000 TEUs.

At any time such thresholds are reached, KPT shall first enter into good faith negotiations with the Dubai company to allow them to establish such additional terminal facility. If such discussions are not concluded within a period of two months, KPT can expand the port.


UAE was not keen on Gawadar and some circles were even thinking it might be responsible for some of the BLA efforts. Remember if UAE is not the hub of air and sea travel then it impacts everything that is seeded there. So unless within the contract language there are clauses that pushes UAE to make KPT a regional hub under exclusive rights for upstream countries like Afghanistan and Central Asia - then this was such a dumb move.

They tried everything to hurt Pakistan in guwader port as guwader was direct competition with Dubai ports. I have meet personally some bla sympathizers in arab countries india was heavily involved with United Arab emirates leaders. Idiot back home had no idea what is happening