Pakistan seeks $10b in US backstop facility

Why dont we just learn to live within our own means? These frequent loads/funds do nothing to fix the issues instead they become compounded in the future, at some point we have to say screw it and pull the bandage and start afresh, this is unsustainable.
 
Tell me if its only fouji fertilizer getting subsidy or others as well. Its not just fouji fertilizer.


50-60% of The Urea and DAP Market Belongs To Fauji.The Sales Tax Exemption Is Sector Wide But Every CA and Tax Lawyer Worth His Salt Knows It's For Fauji Fertilizer

We Can't Just Give A Tax Exemption To A Specific Company and Ignore The Others In The Same Market.Ab Itni Bhi Andher Nagri Nahi Na Machani
 
Fouji IPPs
  • Foundation Power Company Daharki Limited (FPCDL): A 180 MW combined-cycle power plant located in Sindh. It is fully owned by the Fauji Foundation through Daharki Power Holdings Limited. [1, 2, 3, 4]
  • Fauji Kabirwala Power Company Limited (FKPCL): A 157 MW combined-cycle power plant located in Punjab. This was originally a joint venture, but the Fauji Foundation has long been the primary stakeholder and operator. [, 2, 3]

Not even 1% of IPPs. These are soo small and likely on their last legs. About why Fouji foundation, well its for welfare of retired foujis. Foujis retire early and need a job. Or those who got martyred, their relatives need compensation.

Fouji foundation profits goes back to communities, not any individual. FF is public company and its finances are all public. Its run like any other corporation that pay taxes etc

Why do you have problem with middle class foujis making some bucks after retirement? You rather want some 1000 individuals who continue to dominate businesses and politics for last 80 and they make sure to leave their progeny on top. So they continue to rule over you. But here comes middle class fouji and you people loss your mind.

Why don't you ask why power sector annual losses are more then defence budget. All deals signed by Zardari/Nawaz BTW.


Quite a jump in 2 posts..... started at the army doesn't run IPPs, then it became ok they do but it's barely 1 % ... what next ? ok it's big but it's for a good cause.... That's not an argument... That's a retreat with commentary....And you keep evading the actual question, which was never market share... What justifies a military institution sitting on a business empire worth tens of billions of dollars in the first place?


And since you brought up the 1 %, even that needed a cooked list..... Your own 2 plants add up to 342 MW, which is already 1.3 percent of PPIB's 25,800 MW fleet.... To get under 1 you quietly deleted the rest of your own group...... The FFC wind farms, the Port Qasim coal plant, the Thar Energy stake. ... Around 600 MW under Fauji Group control..... When your opening stat can't survive a ten second google, lead with something else...


Now the myth you say "I" invented. The government told the National Assembly in writing that it paid Rs 3.92 billion in capacity charges to Foundation Power Daharki alone in FY24..... One plant. One year... Their number, not mine.... And that plant runs on gas from Mari, which Fauji Foundation owns 40 percent of, under a sovereign guaranteed PPA..... Your own gas company fuelling your own plant selling to the state on guaranteed terms... Tell me more about the free market...!!


I can go on and debunk every single claim you made which is so balatantly false, like your claim about Fauji Foundation being a public company which discloses financials, whereas the fact is that It's an unlisted charitable trust from 1954 under an 1889 law, run under the Ministry of Defence........ No listing, no ticker, no consolidated audited accounts, ever..... The subsidiaries disclose because PSX rules force them to. The trust collecting their dividends discloses nothing.....


You need to try again, and much harder.... or alternately, stop trying to defend the indefensible
 
Quite a jump in 2 posts..... started at the army doesn't run IPPs, then it became ok they do but it's barely 1 % ... what next ? ok it's big but it's for a good cause.... That's not an argument... That's a retreat with commentary....And you keep evading the actual question, which was never market share... What justifies a military institution sitting on a business empire worth tens of billions of dollars in the first place?


And since you brought up the 1 %, even that needed a cooked list..... Your own 2 plants add up to 342 MW, which is already 1.3 percent of PPIB's 25,800 MW fleet.... To get under 1 you quietly deleted the rest of your own group...... The FFC wind farms, the Port Qasim coal plant, the Thar Energy stake. ... Around 600 MW under Fauji Group control..... When your opening stat can't survive a ten second google, lead with something else...


Now the myth you say "I" invented. The government told the National Assembly in writing that it paid Rs 3.92 billion in capacity charges to Foundation Power Daharki alone in FY24..... One plant. One year... Their number, not mine.... And that plant runs on gas from Mari, which Fauji Foundation owns 40 percent of, under a sovereign guaranteed PPA..... Your own gas company fuelling your own plant selling to the state on guaranteed terms... Tell me more about the free market...!!


I can go on and debunk every single claim you made which is so balatantly false, like your claim about Fauji Foundation being a public company which discloses financials, whereas the fact is that It's an unlisted charitable trust from 1954 under an 1889 law, run under the Ministry of Defence........ No listing, no ticker, no consolidated audited accounts, ever..... The subsidiaries disclose because PSX rules force them to. The trust collecting their dividends discloses nothing.....


You need to try again, and much harder.... or alternately, stop trying to defend the indefensible
You have police Foundation , doctors Foundation, bureaucrats foundation etc ....why single out fauji foundation.
 
50-60% of The Urea and DAP Market Belongs To Fauji.The Sales Tax Exemption Is Sector Wide But Every CA and Tax Lawyer Worth His Salt Knows It's For Fauji Fertilizer

We Can't Just Give A Tax Exemption To A Specific Company and Ignore The Others In The Same Market.Ab Itni Bhi Andher Nagri Nahi Na Machani

Pakistan real estate crashed post 2022, why didn't foujis bail it out and allowed to increase taxes? As it affected DHA's.
 
Quite a jump in 2 posts..... started at the army doesn't run IPPs, then it became ok they do but it's barely 1 % ... what next ? ok it's big but it's for a good cause.... That's not an argument... That's a retreat with commentary....And you keep evading the actual question, which was never market share... What justifies a military institution sitting on a business empire worth tens of billions of dollars in the first place?


And since you brought up the 1 %, even that needed a cooked list..... Your own 2 plants add up to 342 MW, which is already 1.3 percent of PPIB's 25,800 MW fleet.... To get under 1 you quietly deleted the rest of your own group...... The FFC wind farms, the Port Qasim coal plant, the Thar Energy stake. ... Around 600 MW under Fauji Group control..... When your opening stat can't survive a ten second google, lead with something else...


Now the myth you say "I" invented. The government told the National Assembly in writing that it paid Rs 3.92 billion in capacity charges to Foundation Power Daharki alone in FY24..... One plant. One year... Their number, not mine.... And that plant runs on gas from Mari, which Fauji Foundation owns 40 percent of, under a sovereign guaranteed PPA..... Your own gas company fuelling your own plant selling to the state on guaranteed terms... Tell me more about the free market...!!


I can go on and debunk every single claim you made which is so balatantly false, like your claim about Fauji Foundation being a public company which discloses financials, whereas the fact is that It's an unlisted charitable trust from 1954 under an 1889 law, run under the Ministry of Defence........ No listing, no ticker, no consolidated audited accounts, ever..... The subsidiaries disclose because PSX rules force them to. The trust collecting their dividends discloses nothing.....


You need to try again, and much harder.... or alternately, stop trying to defend the indefensible
Dividends are not tax free , I pay 15% tax on my dividend income so does fauji foundation... dividends are paid after deducting taxes .
 
Fauji foundation employed more than 10000 Pakistanis, gives billions of rs. In taxes to Exchequer....it runs hospital, and schools.... it's profits don't go into the pockets generals .... just give one justification how it's hurting the country... sweeping statements and morality thunders from the pulpit are not going to cut.

10,000 employees?... You are underselling your own client.... The group's workforce is closer to 27 thousand..... And it changes nothing.... Employment is what every business does.... The East India Company employed thousands too.... The question was never whether the empire has staff. It's why the army has an empire.

The listed firms pay tax because PSX forces them, the Foundation collecting their dividends is income tax exempt under the Second Schedule and even sued to dodge the super tax......

The hospitals serve military families only, stapled on top of the largest pension bill in the budget. ...

And profits don't need to reach generals' pockets, the empire IS the pocket, retired Lt Gens and Maj Gens fill every CEO and MD chair....

One harm? ... The cabinet's own task force forcibly renegotiated both Fauji IPPs' take or pay contracts after Daharki alone billed Rs 3.92 billion in capacity charges in a year, off your bill....

That's the tax code and the clawback list talking, not a pulpit.....
 
You have police Foundation , doctors Foundation, bureaucrats foundation etc ....why single out fauji foundation.

And how many IPPs does the Police Foundation run? ....

Which bank do the doctors own, which gas major do the bureaucrats hold 40 percent of?

Those foundations run petrol pumps and plot schemes.....

Fauji is the country's largest conglomerate at 5.9 billion dollars, tax exempt, MoD run, no published accounts, with the DPM settling state debt through its shares...

Nobody singled it out, it singled itself out by scale... And by the fact that Army, being the sole power broker in the country, uses its unchecked power and influence to run businesses and make money...
 
And how many IPPs does the Police Foundation run? ....

Which bank do the doctors own, which gas major do the bureaucrats hold 40 percent of?

Those foundations run petrol pumps and plot schemes.....

Fauji is the country's largest conglomerate at 5.9 billion dollars, tax exempt, MoD run, no published accounts, with the DPM settling state debt through its shares...

Nobody singled it out, it singled itself out by scale... And by the fact that Army, being the sole power broker in the country, uses its unchecked power and influence to run businesses and make money...
They are incompetent , they run only housing societies laden with corruption.
 
Samlee smarty ..... Fauji foundation is tax exempt not it's businesses...go check the financial reports of it's companies and then come... Google is your friend , take it's help .

Then I Think All Corporate Groups Should Convert Themselves Into Foundations.PTCL's Subsidiary PTML A.K.A Ufone Pays Combined Tax Rate Of 36%(Factoring In WWF and WPPF) But Still PTCL Has To Pay 10% On The Dividends It Receives After The Tax Already Paid On Top Of That PTCL Has To Pay WWF and WPPF Whereas Fauji Foundation Has No Such Obligation

Same Is The Case With Engro With It's Subsidiaries Even Paying Additional Super Tax
Of Upto 8% There By Making Their Tax Rates Go Upto 42-44%.But Still Even After Such A Heavy Tax DEDUCTION They Still Have To Pay 10% and That Too Thanks To Supreme Court Otherwise Before This FBR Used To Block These Dividends With Income From Other SOurces And Taxed At Standard 29%

Also Not All Fauji Businesses Pay Taxes IPPs Are Exempt From Taxation

Oh And BTW I Don't Need Google Being A CMA This Is My Bread and Butter
 
10,000 employees?... You are underselling your own client.... The group's workforce is closer to 27 thousand..... And it changes nothing.... Employment is what every business does.... The East India Company employed thousands too.... The question was never whether the empire has staff. It's why the army has an empire.

The listed firms pay tax because PSX forces them, the Foundation collecting their dividends is income tax exempt under the Second Schedule and even sued to dodge the super tax......

The hospitals serve military families only, stapled on top of the largest pension bill in the budget. ...

And profits don't need to reach generals' pockets, the empire IS the pocket, retired Lt Gens and Maj Gens fill every CEO and MD chair....

One harm? ... The cabinet's own task force forcibly renegotiated both Fauji IPPs' take or pay contracts after Daharki alone billed Rs 3.92 billion in capacity charges in a year, off your bill....

That's the tax code and the clawback list talking, not a pulpit.....
27000 even better , or , you don't consider retired fauji as Pakistani citizens..... corporate tax is about 35% , and all ff businesses pay that tax and sales tax where applicable..... let's accept your are right and there's no tax on dividend income of FF ....why shall any business be a victim of double taxation let alone a foundation whose goal is welfare ? NOTE....only 20% of fauji foundation employees are retired fauji
 
Pakistan real estate crashed post 2022, why didn't foujis bail it out and allowed to increase taxes? As it affected DHA's.


Don't Even Get Me Started With DHA In 2010 A Lahore High Court Judgement Declared It A Government Organization and Therefore Exempt From All Taxes

So Get The Choicest Lands at Dirt Cheap Rates Develop and Sale Them At Astronomical Prices and Enjoy Tax Free Profits


And How The Local Fisherfolk In Gizri Was Brutalized Military Goons In Karachi To Clear The Land For DHA Phase 8 Is Something I Can Never Forget. I Got Scarred Seeing It.
 
Don't Even Get Me Started With DHA In 2010 A Lahore High Court Judgement Declared It A Government Organization and Therefore Exempt From All Taxes

So Get The Choicest Lands at Dirt Cheap Rates Develop and Sale Them At Astronomical Prices and Enjoy Tax Free Profits


And How The Local Fisherfolk In Gizri Was Brutalized Military Goons In Karachi To Clear The Land For DHA Phase 8 Is Something I Can Never Forget. I Got Scarred Seeing It.

The land is dirt cheap in outskirts of cities but when DHA's touch it it become worth in gold. Can't blame foujis because every civilian want to live in DHA's.

You maybe able to find some case here and there but by large people trust DHA with their life savings. Same can't be said of other housing societies.
 

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