Mian Mansha Buying PIA Deal enters last stage mega corruption .........

[Edevelop]

Rumors are also out there saying Emirates and Qatar want to buy PIA. This is the last thing you would want this to happen.

At least Mansha is local. People here are trying to find his fault because they are jealous of his successful career. As far as i know, his record seems clean. Never heard any corruption cases against him. By owning PIA, he is not committing any crime. Businessmen don't do Business to put them into loss. Whatever share he owns, he will have to make the corporation profitable. It will not be just good for him, but also for Pakistan.

P.S Every Indian feels proud about Tata regardless who owns it but we are not like that to our corporations. People of Pakistan must stop those personal attacks with each other. It has cost us a lot. Have confidence and discipline in yourselves and stand together on national issues.

 

[Leader]

When was the last time it earned anything? You think that you can fire everyone and rehire new people who would work towards its betterment? The reality check is noone is ready to work for this country, only thing anyone will ever do in this country is for money. And the most optimistic approach for anyone is that they earn that money through legal means. Sell it to someone who will do it for his own self if not for the country. Rs500b loss yearly is not a joke for a country not producing anything to sell in the international market and gets happy over export of mangoes while compares what GB iphone they have. Thats how its not a taxi .. its just a repainted BMW.

thats why I said make them corporations by the act of parliament rather than to sell them to capitalists

 

[ziaulislam]

a few billion kick backs is better than 400 billion lossess annually by state insitutions, if there were kick backs in steelmill than why wasnt some one punished.
our problem is that noone is punished, noone is made an example of. had it been india/france where kick backs are common but once u get under the radar, they make an example of you. here judges simply laugh off or send u to jail for 48 secs

i think the judge decision back in mush regime and decision on rekio gold mine could have costed us more than what we spent on education inlast 2 decdes
then we cry that we are under 120 in education coz our priority is running losses of govt insitutes rather than privitizng. we are running a failed russian model

 

[My-Analogous]

It is better to sell 25% share with operating rights to a private company and when its give profit 75% percent will goes to our treasury and rest will go to private company and we all recover our billion of Rs. we already handover to PIA. It is the only solution to solve the problem other wise PIA will get money from Tax payer and use it make pleasure of VVIP's

 

[Fahad Khan 2]

wow seeing comments of PDF member iam in shock they want corruption to leaglize........ They are buying it with govt money there will be no increase in govt money all we get is return of our money and we will lose PIA......

 

[My-Analogous]

privatization = inflation.

Define how?

 

[Fracker]

privatization = inflation.

This should not be privatized, but since everything is so damn horrible in the country. Let it be.

At the moment, from last 4 years these companies are running on subsidy. and caring a lot of loan from world bank, bank of france, and many other banks. So current inflation because of these companies.

@Topic

Personally I don't support privatization, Government entities should run in a manner, other then ownership management should be in manner of Private company.

 

[Patriots]

BIGGEST ENERGY FRAUD IN PAKISTAN: Mian Mansha, Abdullah Yousuf, & Nawaz Sharif’s US Import Mussadaq Malik in Power Scam

 

[SBD-3]

thats why I said make them corporations by the act of parliament rather than to sell them to capitalists

PIA is already a public limited company kid. Only a public limited company's stock usually trade on Stock exchange. Common sense....

BIGGEST ENERGY FRAUD IN PAKISTAN: Mian Mansha, Abdullah Yousuf, & Nawaz Sharif’s US Import Mussadaq Malik in Power Scam

becharay. I love how you guys waste your time on digging things up......Anyways makes sense since you guys have nothing to do for next 5 years after ChaCha Ishuu walks out of governor house

 

[SBD-3]

At least Mansha is local. People here are trying to find his fault because they are jealous of his successful career.

 

[ajpirzada]

the circular debt issue does not pop up in thin air. it keeps coming up because the government buys electricity from the power producer at a higher price than what it sell at. so circular debt is the debt which the government owes to the producers and its coming back because govt is generating less money from what it is selling compared to the cost of buying.

now from what i know, PIA has a lot of debt on its books. someone with accounting knowledge can have a look at their financial statements and tell us in more detail. assets might still be worth more but the debt is enough that the govt will only get a small proceed for its privatization. not much of corruption can be done if even slight amount of transparency is maintained.

anyways, im not sure about the privatization of PIA although im all for privatization otherwise. airline business is not famous for making profits and many national airlines depend on government subsidy - because of the nature of the industry. if PIA goes private, a lot of routes might just be closed even though their social benefit is much more than financial losses on that route. wat would be better is to kind of privatize the board of PIA by letting professionals choose their directors and MDs etc. out habit of appointing former PAF pilots or chiefs as PIA directors and MDs is what really has destroyed PIA. How would a PAF chief know how to run a business? His experience is in acquiring assets not based on any financial feasibility but strategic priorities.

 

[xyxmt]

well at lease someone is making money on these chutias buying PIA stock on falls assumptions.
well done someone

as long as chutias are alive my kids will not sleep hungry

 

[mr42O]

same guy who bhought banks last time Nawaz Sharif was PM and that to was very fishy too