Pakistan Steel Mills

[AZADPAKISTAN2009]

The issue of Pakistan, again I say this "Pakistan" i.e Pakistan's Steeles mills
It belongs to Pakistan , owned by Pakistani Tax Payers

Because like many thing which are owned by Pakistan , are generally considered Baap Dada ki Jagir , i.e property of family. Of course family of the Feudal lords

• Pakistan Steeles Mills , all the expenses , and loses are responsibility of State of Pakistan

• It is located in Karachi but as you know in Sindh there are quota system in place for hiring instead of what degree or school you attended. Or your actual grades

• Then there is the Russian factor it was built by Russians , yet of course Western Financial Banks would not support a ex-Russian project , which is why many times Russians have offered help

• Than there is Sindh Province's government , who while have no plans , would like the Pakistan's Federal Government to just give them big stash of Money , why well for cleaning up Pakistan Steeles Mills not fixing it because than , the grant or free money will go away.

Now if this was a Bun Kabab wala in Karachi , or Keema Naan wala in Punjab or Chai wala
they would own their own business , wake up at 6 am and come to make their business profitable but this is about FREE MONEY




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Pakistan's Tool's Factory once considered backbone to developing local Machinery and Engineering , now lies in rubbles

Pakistan's Steeles Mill which is suppose to build solid infrastructure needs of course lies shut down becase we can't make a " TANDOOR" LET us call it what it is , it is a good damn "TANDOOR" i.e furnance which , melts the raw material into liquid form due to intence heat




20 Years ago if you asked me , Pakistan is starting CPEC , and we will build tones of Infrastructure projects I would have argued , well Pakistan Steeles Mills should get 95% steel quota that way money circulates in Pakistan

 

[Robbie]

In Pakistan, our creditors at the IMF are demanding we do the opposite, belt tighten for FY2021. Reduce current expenditure and bring the twin deficits down. We’re often pointing at the situation in India, they have both fiscal and forex space to move against the pandemic and bolster their economy.

Forex yes, fiscal no. India is in a very tight spot fiscally and is why the scheme India announced was smoke and mirrors. Only 2% of what they announced is actually fresh investment after covid started, everything else is a rehash of what they had already planned or announced earlier..