Pakistan shifts from stabilisation to export-led growth, says finance minister

First, what is the definition of "controlling interest"? Mind explaining to us financial nobodies?

Controlling interest, if I remember my basic economics, is when an entity has majority shares I.e., more than 50% of the stake. Going by the all knowing Mr. AI: "owning enough voting shares (usually over 50%) to dictate major decisions, like electing the board, setting strategy, and controlling management, even if you don't own the entire company."

As far as I can tell, Fauji Foundation is a partner but not a "controlling" partner as it would not have a majority of the 70% share that the government had opened up for bidding.

Second, how has Pakistan's economy run in the past? Including in the "Golden era" :rolleyes: of PTI rule. Was it not comprised of the "same page Faujeets", AND Waderas/Nawabs/Maliks AND Patwaris of the past government?

What snake-oil are we peddling to this godforsaken nation now as if things were drastically different in the past or recent past. It is the EXACT SAME setup except instead of IK, it is now Sharifs at the top.

The entire goddamned setup/mindset/people are the same. The only chagrin that many around here have is that Imran Khan is not calling the shots but someone else is. What *#@%$!g difference has/would it made/make?
When has the law ever been followed when it comes to corporate governance in Pakistan ? The establishment doesn't technicaly need to own even a single share to have a "controlling interest" - which means being the arbiter of final decisions, irrespective of number of shares owned. As long as the ISI has leverage over the private owners , the faujeets have a controlling interest. Involving Fauji Cements just formalises this arrangement.
 
Or their duly elected representatives can present a Vote of No Confidence even before an election is due, if need be, of course. No issue there, either.
I don't mind VONC. The manner in which it was orchestrated still needs to be investigated. Let's see if there is a court hearing about that.
 
I don't mind VONC. The manner in which it was orchestrated still needs to be investigated. Let's see if there is a court hearing about that.

I would agree with you on the investigation, but it is now too far after the fact. The time to do that is long gone, but I have a suspicion that many unsavory adverse influences went into arranging that outcome, just like the favorable ones that were used in 2018 as well.
 

We cannot export our kinnus to C.Asia. This year our kinnu exports will be half of last year.,

This is such a sad news
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Keep that damn border with Afghans closed. Seal it. Shut it down. And shoot in head anyone who tries to cross it
 
hopefully he does something good with our dead elephant.
Lolz. He got it in 10.2 Billion only. 18 planes, landing rights and dozens of routes and properties inside Pakistan. All the loans were dump on a separate entity government created before this so-called auction. And 125 Billion rupees government will invest into PIA again i.e. first you sell me a plot for 135 billion and then invest 125 out of those on my plot because I need to build a house.
 
I would agree with you on the investigation, but it is now too far after the fact.

Ah yes...doctrine of necessity. A tale as old as time in this country.

Pehle ham nay 100 jurm kiay, magr ab bauhaut time ho gaya hai, so we'll just let it go.
 
Ah yes...doctrine of necessity. A tale as old as time in this country.

Pehle ham nay 100 jurm kiay, magr ab bauhaut time ho gaya hai, so we'll just let it go.

Letting it go is not what I said. The system makes it impossible to get justice is the point, and it is by design.

The time to work to preventing the next injustice is now, now when it happens again. Just like the person who never fixes a leaking roof, because when it is dry weather, it does not leak, but it is too wet to fix it when it is raining, Pakistanis seek justice only after the fact, and not when the system is ensure injustice are slowly put into place with nary a protest.

As another example, the time to ensure that the next elections are fair is to implement modern electronic voting machines, with an auditable paper trail printed in triplicate to the election office and two major candidates' offices simultaneously, and not when the fraud has already happened.

But ain't nobody got da time fer dat!
 
... Couldn't care less. Give it a few years, it will be decreed to have an Asim Munir tattoo by law.
Bro, this is Shaikh Chillipan.

Nothing you guys have been predicting since 11 April 2022 has come to fruition. It's 27 December 2025 now. Don't you guys learn?

Here's a bit of reality regarding Ladla / Red Line.

copilot_image_1766798191785.jpeg
 
And what was predicted?
Default, civil war, coup, dismemberment, nuclear disarmament, revolution but all we saw is a criminal trying to avoid police for as long as he could using every means possible.


copilot_image_1766801497797.jpeg

copilot_image_1766799490285.jpeg

copilot_image_1766798191785.jpeg
 
Curious which model did you use to generate these images. Might wanna try taking it for a spin myself.
Microsoft Copilot.

The downside is, if you don't get it right the first time, the follow-on instructions to amend anything seem to just make it worse.
 
They are paying Rs10Bn only. The rest is just a "pROmiSe" to "iNVeSt" back into the airline in the "cOMiNg YeArs"
Yara, I have to ask this question of all of you who are applying a very critical eye to this sale.

PIA has been a white elephant out of hell for the GoP for 2+ decades now. The conditions for the sale etc. reflect the environment which sees this white elephant for what it is.

It isn't that the GoP did not want to get many more billions for this sale, it isn't that they WANT to be stuck offering tax incentives and golden retirement packages. It is just that they CANNOT rid of this liability without doing so.

They have gone through multiple auction attempts and there is absolutely NO interest from ANY outsiders who can bring in FDI with this sale.

The local buyers are having to team up to get a viable bid just to even meet the floor for the sell-off.

So why are we *acting* as if investors were tripping over each other to bid for this company? What else can the GoP do except offer insane incentives for some local investors to take this liability off its back? Else, it will continue hemorrhaging Pakistan's limited coffers till eternity with no turn-around in service, sales, profits etc.

I could understand if the criticism was that PIA is a money making machine and the GoP hurried through its sale without due-diligence. Here, it has been a case of over-diligence with no upside on a white elephant that is not making any profits or growing.
 
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Fau-jeet Logic , PONZY Judge tola and Mafia Politicians


Capture country, conquer civilian company

1- Sell Airline worth 15 Billion USD (Planes plays/ International hotel Cost)
  • Actual Price 15,000,000,000 USD
  • Sold it for 200,000,000 USD

Loss of : -14,800,000,000 USD



2- End Goal for country
  • Save losses of 50 Million USD (50,000,000 USD/year)


Now who can explain to Fau-jeet that recovering the loss of 14.8 Billion USD
is not possible for 15 years



Fau-Jeet , 14,800,000,000 USD > 50,000,000 USD

Basic Math
 

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