The Grand Theft - Pakistani Version

Admiral

Chief Minister (5k+ posts)
The Grand Theft
By Ahsan Masood Khan

NOTE: All this story is also part of the SCRIPT
:lol: OK, seriously this is not a joke, all whatever is written below is 100% FACT with proofs, links!

The actual GRAND THEFT is supposed to begin soon.
The $34 Billion investment from China that they keep parroting about isn’t actually an investment, it’s a LOAN.

This LOAN carries a FEE/INTEREST RATE of 7% whereas the project loans Pakistan gets from ADB/WB etc are usually at a rate of 2-4%

To avail this LOAN, the condition is that there will be NO BIDDING for the project and Government will award contracts directly to Chinese companies (or companies that will utilize Chinese equipment and contractors).

1.
For this to happen, Government is amending Procurement rules since currently it’s not possible to award such contracts without BIDDING.
Procurement rules amendment will allow Government to SET THE PRICE ITSELF for a certain type of work and award direct contract to any company without any bidding involved.
PROOF:
1. http://tribune.com.pk/story/661992/amending-laws-to-allow-chinese-investment/
2. http://www.dawn.com/news/1110943
3. http://news.pakewire.com/2014/01/23/amending-laws-to-allow-chinese-investment/

2. Most of this Loan will be utilized for Coal based Power Projects for which Government has already filed a “Tariff Review Petition” in NEPRA headed by Khawaja Naeem – a close relative of Khawaja Asif. Despite the fact that this “Tariff review petition” was not maintainable since it was filed a year after review period expired, NEPRA has accepted the petition and on Government’s request and has approved New escalated Upfront Tariffs for Coal based Power Projects.
PROOF:
4. http://www.thenews.com.pk/Todays-News-3-251386-Nepra-revises-upfront-tariff-for-coal-fired-power-plants

3.
Government has requested (and NEPRA approved) to allow $1.7 Million Dollar per Mega Watt construction cost for such projects whereas India has recently built a better and more efficient (than approved by NEPRA) Coal based power plant at a cost of $ 0.55 Million Dollar per Mega Watt.

So Now, with NO BIDDING involved, Government will award contracts with a construction Cost of $ 1.7 Million per Mega Watt and hence 2/3rd of it will go into pockets of all the people involved.
PROOF:
5. http://www.thenews.com.pk/Todays-Ne...ses-down-upfront-tariff-for-coal-power-plants



This also explains why “Hussain Nawaz” and “Salman Shahbaz” (who look after family business and have no apparent involvement in Politics) were not only part of state delegation but were also part of meetings that discussed and finalized these MOUs.
(Names hyperlinked for proofs)

4.
This does not end here, NEPRA has also revised the ‘Rate of Return’ on investment from 17% to 27% (an unprecedented step) for these projects.

PROOF:
6.
http://epaper.dawn.com/DetailImage.php?StoryImage=05_04_2014_003_003

And Not surprisingly, first company to announce a Coal based Power project under this program is owned by Mian Mansha .


So Now, be ready for country to be burdened further by $34 Billion Loan and a higher Electricity tariff…If everything goes as planned, at the end of the day “Some” will have their pockets heavier by 10-15 Billion Dollars or more….


On Transparency International website, letter written to Ministry of Water and Power reg this is available


Who went on China visit and was part of meetings is widely reported in Media Sources are NEPRA, Transparency International, and DAWN/THE NEWS/. Also Nishat Energy is the company that announced to build Coal based plants with Chinese 'Investment'.

On NEPRA website, one can find Govt's petition and NEPRA announcement document for Upfront Coal Tariff.

Source: https://www.facebook.com/GHURABA3/posts/4503796169993

NOTE 2: UnLike our beloved shaikh saheb, this is not Andazay, whatever is said here can be verified from previous editions of newspapers.


Most Important:
No matter what happens, China will try its best to sell its scrapped Coal Power Plants Technology. REASON?? China has to remove all Coal power plants in very near future. It will dismantle its Coal power plants from Beijing by the year 2020.
PROOF:
1.
http://www.dailytimes.com.pk/business/02-Jun-2014/world-eliminating-pakistan-adopting
2. http://america.aljazeera.com/articles/2014/8/5/china-to-ban-allcoaluseinbeijingby20201.html



And they are desperately looking to scrap their power plants in a NOORA country
[hilar]






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Galaxy

Chief Minister (5k+ posts)
This is the theft of all times.You see the illiterate people of Pakistan have no clue how these so called democrats rob them.Let say if some one starts a investigation later on how you going to get the proofs.Because every body rubbed every body's back.Later on they will all call each other Hajii.
 

Okara

Prime Minister (20k+ posts)
I hope PMLN supporter must have answer to these allegations. After all they need to satisfy their subconscious mind.
 

Admiral

Chief Minister (5k+ posts)
I hope PMLN supporter must have answer to these allegations. After all they need to satisfy their subconscious mind.

Ohh sir jee, these are NOT allegations, these are FACTS, verifiable from the previous editions of ALL main stream newspapers.

Don't believe?, then Google each and every point mentioned and you will find the details!!
 

Raaz

(50k+ posts) بابائے فورم

یہ زرداری اور نواز خاندان ہندو بنئیے سے کم نہی
قاید اور اقبال نے ہمیں ہندو سے آزاد کروایا لیکن انہوں نے دوبارہ غلامی میں جکڑ دیا ہے
 

Exiled-Pakistani

Minister (2k+ posts)
One thing I do not understand is, why can't we run a fcuking seaport on our own?We already have a customer (China) who needs it badly, then why the hell we are dragging ourselves under more debt?
 

Okara

Prime Minister (20k+ posts)
Brother I m 100% agree with you on these facts. Since Sharif Family came to politics, Pakistan going down but their businesses are flourishing. These are the leaches sucking life of my beloved motherland.

Please keep posting such things to refresh our short term memory.

Ohh sir jee, these are NOT allegations, these are FACTS, verifiable from the previous editions of ALL main stream newspapers.

Don't believe?, then Google each and every point mentioned and you will find the details!!
 

Admiral

Chief Minister (5k+ posts)

یہ زرداری اور نواز خاندان ہندو بنئیے سے کم نہی
قاید اور اقبال نے ہمیں ہندو سے آزاد کروایا لیکن انہوں نے دوبارہ غلامی میں جکڑ دیا ہے

Brother I m 100% agree with you on these facts. Since Sharif Family came to politics, Pakistan going down but their businesses are flourishing. These are the leaches sucking life of my beloved motherland.

Please keep posting such things to refresh our short term memory.


I have posted ALL relevant links, containing full details about each and every claim made in the post.




One thing I do not understand is, why can't we run a fcuking seaport on our own?
We already have a customer (China) who needs it badly, then why the hell we are dragging ourselves under more debt?

Brother, when a big multi-billion dollar project is announced, there is a big risk for the politicians/administrators that if they skim their commissions from the deals, the deals can be dragged into courts later on and can be cancelled and investigated into.

However if a multi-billion dollar deal is done, the foreigner partner seeks Sovereign Guarantee from the State, i.e. the State guarantees that no matter who is in the government, the deal will not be altered/dragged in courts/investigated/etc., AND in such deals, the local stake holders definitely get their commission in a single installment. This is always safer for them. Same was done by Zardri long ago and during his last tenure (Rental Power), and same was followed by Nawaz.
 
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Rameez Arif

Voter (50+ posts)
I dont see any mention of Indian up front tariff in the article links provided and no mention of mian mansha. Direct investment without bidding is not a new thing in world..Please youthias provide some good facts ..I known very well how Army's sub division FFC is operating a wind power plant in Sindh and how they r overcharging our simple awam. shame on all those who dont want prosperous pakistan and stop spreading your propaganda
 

Admiral

Chief Minister (5k+ posts)
Please youthias provide some good facts ..

People like you then complain bout the rough language. First post at the forum and started spraying sh!t ...Your tone demands a proper answer.
The OK Mr. Chouthias, here are some solid answers for your orifices to give your orifices some intellectual orgasm.

I dont see any mention of Indian up front tariff in the article links provided

Did I mention Indian upfront tariff anywhere in the article?? Your English comprehension seems poorer than your political/financial understanding !! PATHETIC !!
In the whole article India was mentioned in point 3 regarding the construction costs.

OK, I pardon your poor comprehension. Here is THE OFFICIAL source that mentions Latest Coal Power Plant at $1.00 Million/MegaWatt.
If you are still unsatisfied, I will shove even more solid answer into your brain to satisfy.

Direct investment without bidding is not a new thing in world..

shame on all those who dont want prosperous Pakistan and stop spreading your propaganda


Is there any country in the world who seeks long term development loans @ 7% ?? Bring even a single example !!


I known very well how Army's sub division FFC is operating a wind power plant in Sindh and how they r overcharging our simple awam.


The tariff I am using in Northern Germany includes compulsory renewable-energy charges and Wind Power here in Germany is double expensive than the those from conventional sources. (0,38€/kWh)
Does that fit into your passive gender brain??


AND next time, if you need a decent answer, keep your words decent; else ....
 
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