Six parties interested in buying PSM: minister

[pakpride00090]

International rating agencies are the biggest financial scam
how about FATF rating agency, major sponsor of terrorism are on white+ list while the victims are on grey list. That is how all these agencies work and fools fall for it

Jiss ki lathi ous ki bhains.... Agar hameri economy ki situation achi hoti tou kio tang nahi karta hamein.

 

[Sine Nomine]

Mush ne kuch cheezon ke ilawa jo kara sahi kia.. our koi options nahi they hamere pass.

Mush nai sub kuch apni hakomat ko International level par legal karney kai liye kiya thaa,usey koi ghass nahi dal raha thaa.
Baki sawal hai America ke hum sai kiya dushmani thee?

 

[xyxmt]

Jiss ki lathi ous ki bhains.... Agar hameri economy ki situation achi hoti tou kio tang nahi karta hamein.

yehi to masla hay mery bhai. yet our financial gurus are wondering why exports are not picking up even after devalue. These are the kind of people we have to fix our economy, at least khad bechny wala to gaya.

 

[Type59]

PPP corruption. They are solely to blame. PML N inherited a company that was looted by PPP cronies.

 

[crankthatskunk]

Phir jab Army kuch karti hai mulk to bachane ke liye tou yeh liberals and secularist and so called human rights activists roads par ajate hain protest karne.

They all get the crumbs off the tables.
There are numerous NGOs in Pakistan for a reason. They push the west's agenda on orders from them.
You will be surprised to know, many journalists also run very profitable NGOs. When we say profit, it doesn't mean profit from trading, but profit from funding they get for job well done, i.e. destruction of Pakistan.

Pakistan is corrupt on many levels and roots are deep. Imran Khan is now finding out from his first hand experience. I am sure he is gutted too, probably he had no idea, or definitely underestimated the amount of corruption and treasury in different departments and fields in Pakistan.

 

[AZ1]

did he succeed?

And here free thing is going to give us profit.

 

[crankthatskunk]

sale it nowwwwww


gov jobs no one like to work just sit enjoy get salary and do nothing

The story is long. Steel mills had always been a way to reward their supporters by Political parties.
In the start it was PPP, who gave thousands of jobs to their supporters. With the rise of MQM it became the "stake holder" in the loot of Steel Mills. Thousands were placed in the PSM by Bhai and his lieutenants.

 

[Imran Khan]

The story is long. Steel mills had always been a way to reward their supporters by Political parties.
In the start it was PPP, who gave thousands of jobs to their supporters. With the rise of MQM it became the "stake holder" in the loot of Steel Mills. Thousands were placed in the PSM by Bhai and his lieutenants.

whatever happen is happened now we need damage control

 

[AZADPAKISTAN2009]

Fast Track it

Need to complete it sooner

Prime Minister Imran Khan needs to assign a special Minister to Fast Track this Industrial complex. The Largest Industrial Complex in Pakistan


Pakistan Steel Mills is spread out over an area of 18,660 acres (75.5 km2) (about 29 square miles (75 km2)) including 10,390 acres (42 km2) for the main plant

8,070 acres (33 km2) for the township

200 acres (0.8 km2) for the 110 MG water reservoir.

 

[El Sidd]

Fast Track it

it took you 4 pages to come and do you OLX pe Bech Do routine. must be fasting

 

[RoadRunner401]

f the IK government sells PSM, it will once and for all confirm to me that IK is nothing more than a boot licking foreign agent. This is classic economic sabotage. When you want to sell a strategic asset to foreign economic hitmans

Steel mill that's been shut down since 2015 is a strategic asset? Its a big parcel of land full with old and useless machinery costing Pakistani tax payers 400 million rupees per month, please tell us all the strategic value of that?

World over governments have moved out of running a business, but Pakistan, where these monsters are costing us the money we don't have.

you deliberately target the asset by making it weaker through various means including bad procurement decisions and end Client decisions.

WHAT?

Overtime the asset becomes a "Distressed assets". You then sell this asset for PEANUTS to these foreign hitmans. Within months the sold assets becomes a "cash cow", and its equity increases many folds. If he is really thinking about selling PSM, then IK should be ashamed on himself since he is no better than NS and Zardari.

You do realize that profitable business pay taxes (net gain) instead of losing 400 million plus a month.


Please all of you nay Sayers explain it to all of us how is that bad compare to what's happening now.

 

[ARMalik]

Steel mill that's been shut down since 2015 is a strategic asset? Its a big parcel of land full with old and useless machinery costing Pakistani tax payers 400 million rupees per month, please tell us all the strategic value of that?

World over governments have moved out of running a business, but Pakistan, where these monsters are costing us the money we don't have.



WHAT?



You do realize that profitable business pay taxes (net gain) instead of losing 400 million plus a month.


Please all of you nay Sayers explain it to all of us how is that bad compare to what's happening now.

Dude, you have no clue what you are talking about. Learn some basics first. Company taxes excuse - that's laughable and clearly points to the fact that people like you have no clue how Multinationals operate and how they DON'T pay a cent in taxes. I would also suggest to learn the basics of how vulture companies or funds operate around distressed assets. It is very easy to sit on your chair and lecture on subjects you have no clue on. Better luck next time.

 

[Pakhtoon yum]

Yes

Just sell it to the highest bidder state assets are becoming a cancer

Are state assets becoming a cancer or the people of the state?.

Yes and No.

Yes our state babus are that incompetent and corrupt.

No, these same companies were making huge profits when owned by private Pakistani owners before Bhutto cursed us with nationalisation.

Were these private before?

It was the will of the people..dont worry they will be back


You dont like the word corrupt ?


So you mean to tell me all those firms who saw it this way are idiots ?

PIA is already in operating profit the probelm is laons of 430b acquired during last 10 years

Incompetence leads to corruption

my friend Pak Steel and PIA was never in profit, only profit was whatever that govt wanted to show. you cant just turn a profit making company into 100% as soon as dictatorship leaves and democracy takes over.



funny you still ask that question

Haven't given up hope yet

 

[313ghazi]

Are state assets becoming a cancer or the people of the state?.


Were these private before?


Incompetence leads to corruption


Haven't given up hope yet

I might be wrong, but i remember reading Pakistan steel mills was made in part by taking over other steel companies. maybe someone else can fill in on the details. I remember reading it here on pdf.

 

[Turingsage]

thanks to nawaz and zaradari steel mill was in profit till 2008 then it got bankrupt later that year and shut downed in 2015

Errm no . not really. In 2008 when there was a international financial crash there was a massive glut in steel production. Chinese started selling steel at BELOW production costs to keep the mills running. Every other steel producer suffered in the world and there was massive consolidation of steel production. Many many US steel producers went bankrupt. Arcelor-Mital became the largest steel producers and TATA took over and consolidated by merging with Thysun-Krupp to make them one of the largest steel producer