$15 billion Saudi bailout likely

Published May 23, 2013 06:54am
Saudi King Abdullah. - File Photo
Saudi King Abdullah. - File Photo

ISLAMABAD, May 22: With an ‘amiable’ government in place, Saudi Arabia is expected to extend a bailout package of about $15 billion to Pakistan’s highly indebted energy sector by supplying crude and furnace oil on deferred payment to enable it to resolve the chronic circular debt issue.

A senior government official said the Saudis had been taking reasonable interest in helping out the incoming PML-N government led by Nawaz Sharif.

They had extended a similar special package to Pakistan soon after it went nuclear in 1998 and faced international economic sanctions.

Between 1998 and 2002, Pakistan received $3.5 billion (Rs190 billion at the exchange rate at that time) worth of oil from Saudi Arabia on deferred payment, a major part of which was converted into grant.

According to the official, as soon as the PML-N emerged as the majority party after the May 11 elections, the Saudi ambassador in Islamabad sought a briefing on the country’s oil requirements from the foreign ministry before calling on prime minister-designate Nawaz Sharif in Raiwind, Lahore.

He was immediately provided a position paper, the official said.

Pakistan expects about 100,000 barrels of crude oil and about 15,000 tons of furnace oil per day from Saudi Arabia on deferred payment for three years. The amount involved works out at about $12-15bn.

The facility can be utilised to reduce loadshedding in the short term and provide an opportunity in the medium term to restructure the power sector by minimising subsidies, eliminating circular debt, ensuring recovery from the public sector and reducing system losses to bring it to a self-sustainable level.

“During the package period, the PML-N government can resolve the electricity crisis and develop hydropower projects through a combination of public and private investments and bagasse-based power production by the sugar industry,” he said.

He said the arrangement for oil supplies on deferred payments could be further discussed during Mr Sharif’s first visit to Saudi Arabia soon after assuming the office of prime minister early next month.

Pakistan’s total crude oil import is about 400,000 barrels per day and 30,000 tons of furnace oil. Its total oil import bill stands at about $15bn per annum.

The official said a request for 100,000 barrels of oil and 15,000 tons per day of furnace oil had already been passed on through the Pakistan-Saudi Arabia Joint Ministerial Commission.

A meeting of the commission could be convened soon after the new government assumed charge, an official said.

The Saudi rulers had not taken any interest in the issue earlier ostensibly because of the chill in their relationship with the PPP government.

Large political delegations taken to Saudi Arabia by the PPP government were cold-shouldered, an official said, adding that warming up of diplomatic relations with Iran and the UAE and cancellation of hunting facilities for Saudi royals had also annoyed the kingdom.

The official said the breathing space provided by the likely Saudi package could also be used for renegotiating gas price with Iran for the Iran-Pakistan gas pipeline to bring it down to a sustainable level.

Under the gas sales and purchase price agreement, any party may seek revision of the rates in view of the cost of alternative import options one year ahead of the first gas flows scheduled to take place in December 2014.

The official ruled out any possibility that the Saudi oil package could be used to persuade Pakistan to stay away from the Iranian gas import. He said the project had reached an advanced stage and involved international agreements and, therefore, backtracking was no option, but the development could give leverage to Pakistan to secure lower gas prices.

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Comments (154) (Closed)


Shahid
May 23, 2013 07:05am

Mash Allah, Saudi are great people and Pakistan will never forget this favor. A friend in need!

jaggy
May 23, 2013 07:21am

nothing is for free. Pakistan is selling its soverignity & soul for cash, first to USA, then to China and now to Saudi Arabia. Is this the state which Jinnah envisioned.

Niraj
May 23, 2013 07:48am

At what price? More Wahabi influence and radicalisation Free with oil. Pak has enough brilliant people to generate huge revenue; all it needs is political will to create right environment.

hyat
May 23, 2013 07:51am

Instead of this KSA should invest in Pakistan for dairy and other area and buy these products.

eli
May 23, 2013 08:35am

Pakistan will pay in blood for this aid..

Maverek
May 23, 2013 08:39am

It is a good gesture that the Saudi oil could provide relief to the energy sector, but it is time for Pakistani policy makers to adopt energy policy which is independant of the "begging bowl".

Talha
May 23, 2013 08:42am

Say NO to this Saudi bailout. This is a loan which will need to be returned after 3 years. In return Saudia will lay out its wish-list; and on top of this list will be the Saudi anti-Iranian agenda. We need to push our own interests and not that of Saudi royal family.

Shahpur
May 23, 2013 08:52am

I hope no strings are attached, such as, that Pakistan has to follow their policy in Syria. Sectarian war is presently Pakistan's biggest problem.

Shafiq
May 23, 2013 09:01am

Whats the purpose. They want to really help or want us to kill already started Iran Pakistan gas pipe project?

Muhammad Farooq
May 23, 2013 09:13am

For how Pakistan will depend upon aids and grants from other country. And lets not forget the American saying: "There is no such thing as free lunch."

rad786
May 23, 2013 09:35am

Here we go again. When are we going to learn. If we don't resolve this issue ourselves, we are going to be left clutching the begging bowl till eternity. I understand that we don't have a lot of options left (IMF!), but who said standing one's own feet was going to be easy.

Dr Afzal USA
May 23, 2013 09:36am

It is regretting to say that time and again the debt crisis and overall energy crisis has been bailed out by foreign governments. The corruption over the past 65 years of independence by the corrupt and incompetent leaders, whether they were military or civil, could just not adopt a development program for a nation that has so many resources, talent and more to come up with a lasting energy solutions. Looks like there is a dark light uptil the end of the tunnel. Lot needs to be done to sincerely do something good for the people for a better future.

Irtaza
May 23, 2013 09:38am

as anticipated the Saudi's are back in action with the PML-N having majority in the assemblies. Nevertheless from Pakistan's point of view it is favorable, but if they presumed to have such feelings (soft cornered heart) for Pakistan so why didn't they actively supported PPP's government.

Yes, of-course, dropping Pak-Iran gas pipeline project is not a good idea. And if such "negotiable options" are available so we should go for it. This gas pipe line project with Gawadar port in operations together with stability in Karachi can again bring us 'Pakistan' back on track :)

Hoping to see some good result, fingers crossed :)

Zoyay Meem
May 23, 2013 10:07am

If this package gets on its way with the inception of NS government and people get relief from the energy crises to some extent then I can say NS will certainly win the hearts of Pakistani nation and strengthen his position further in country’s arena.

Asif
May 23, 2013 10:09am

Why did the Saudi government waited until this point to come to help us? Were we not in trouble or were we not their 'brothern' before? Why now suddenly, because its not an aid its a deal. The previous 'unamiable' governments were unlikely to allow Saudi government to run their terrorists schools in Pakistan which this new government will most likely allow.

Nabeel
May 23, 2013 10:21am

Hunting facility for Saudi King in Pakistan? What a disgusting idea!

Raza
May 23, 2013 10:28am

Saudi Arabia was not happy with PPP government because they had good relations with Iran. Now even before the new government is in power they have cordial relation with us. Means Saudis know that the new government will not have good relations with Iran. Which also means that now our foreign policy will be dictated by Saudi Arabia!

Wajahat
May 23, 2013 10:35am

Saudis are taking advantage of our problem by dictating us how our foreign policy should be. Is that what brothern friends do?

Ali
May 23, 2013 10:36am

Good old saudi pals come to Pak rescue yet again...NS might be hopeless in good governance but he has good friends.

Akhter Husain
May 23, 2013 11:08am

Good but at what cost?

Atif
May 23, 2013 11:10am

Finally a sigh of relief.

HM
May 23, 2013 11:16am

NO begging this time... PML N try your worth rather than begging

Muhammad
May 23, 2013 11:17am

That's why we proud of our relation with Saudi Arabia. They have always helped for Pakistan. We respect them from Heart Jazakallah Khair

Chaitannya Mahatme
May 23, 2013 11:32am

The bailout may act as the much needed oxygen for the economy right now .. But then the leaky bucket has to be fixed first. Corruption cannot be eliminated but should be brought down through extensive use of technology and Pak has to allocate at least 10 times the existing budget for education. Economy need educated people to constantly innovate and get the nation out of the crisis situation.

Shahin
May 23, 2013 12:04pm

It will be better if the money is directly into the private account of mr Nawaz as sooner or later that money will land in some offshore company belonging to him and Zardari.

Ashfaq
May 23, 2013 12:13pm

Let us all hope that this will come out as a fruitful gesture from our common believer and sacred country and brings some relief to our energy scarcity. This facility should start as soon as possible.

Muhammad Waqas
May 23, 2013 12:32pm

At least, Nawaz has rich friends. On a serious note, the bailout is likely to come with strings attached. Let's hope Pakistan could take advantage of this 'bail-out' without compromising its national interest and integrity.

Khan
May 23, 2013 12:32pm

@Ali: It may have strings attached, such as no Iran-Pak pipeline, more leaning towards certain religious ideology perhaps.

Khan
May 23, 2013 12:33pm

@Ali: It may have strings attached, such as no Iran-Pak pipeline, more leaning towards certain religious ideology perhaps.

Khan
May 23, 2013 12:33pm

@Ali: It may have strings attached, such as no Iran-Pak pipeline, more leaning towards certain religious ideology perhaps.

Khan
May 23, 2013 12:34pm

@Ali: It may have strings attached, such as no Iran-Pak pipeline, more leaning towards certain religious ideology perhaps.

Haroon Rashid Khan
May 23, 2013 12:48pm

at cost of our Sovereignty.

Shehzad
May 23, 2013 12:52pm

I am not a big fan of Nawaz Sharif but atleast he has good ties with SA and this all seems to be influenced by his ties or atleast that is how it is reported but if true he has done (Financially) more then any politician in history. So give hime some credit and hope we all learn and work togather to strenthen democracy in Pakistan. The way I see it if all goes well next and PTI plays a good role and matures we will see them form government in Center and hope in atleast couple of province in not all. We all should try to work togather and bring Pakistan forward as a positive force.

Xect
May 23, 2013 12:59pm

@Talha: So you are happy living on USAID ....

Xect
May 23, 2013 01:01pm

Why Pakistani Govt. use Pakistani resources? Isn't Pakistan has qualified engineers or researchers?

Fernando
May 23, 2013 01:03pm

@Akhter Husain: Cost of IP Gas pipeline

Shehzad
May 23, 2013 01:08pm

Also Imran Khan could work his charm and try to get some projects for KPK from international community. I am sure once there is properity most of fire arms will be exchanged for books. PTI can also prove they can handle the government and score some major points for next election.

Farhan
May 23, 2013 01:10pm

@Ali: Not good friends Good Masters!

Muhammad Abbas
May 23, 2013 01:26pm

@Shahid: If they were so called "FRIENDS WITH PAKISTAN" they would have helped no matter who approached them.. As the article said they were shown the door when PPP sent their delegates for a similar deal reason because they shut down the hunting grounds for the Saudi's.. They have their own agenda. The one i don't even want to think about. God bless Pakistan & its awam.

pakiboy
May 23, 2013 01:35pm

@Zoyay Meem: this is no way a relief package just a lollypop so we always beg them for oil ..

gangadin
May 23, 2013 01:36pm

Likely bailout? That's not news. Secondly why? We are a superior nation in all aspects of life. We should withstand the crisis and move on to resolve it, whatever it is (manufactured or real).

pakiboy
May 23, 2013 01:37pm

@Shafiq: thank God somebody understand the real thing .. !! :)

pakiboy
May 23, 2013 01:37pm

@Shahid: they r no way helping .. they just want us to be in their influence .. so we keep filling their pockets for oil we beg from them ..

Shyam Kokku
May 23, 2013 01:45pm

At some point Pakistan has to stop living on aids. If you wish to be a global player you cannot be sharing ranks with Somalia and Ethiopia while receiving funding.

Tariq
May 23, 2013 01:45pm

@Shahid: Everything comes with strings attached! There are no favours!

India
May 23, 2013 01:54pm

Pakistan should reduce military expenditure and use that for public welfare. India is not your enemy. Think broadly.

Paindoo
May 23, 2013 01:57pm

These sort of subsidies always come with strings attached,

Junaid
May 23, 2013 02:00pm

@Nabeel: Whats the issue? we are hunting humans here in Pakistan isn't that disgusting

Junaid
May 23, 2013 02:02pm

@Talha: Between 1998 and 2002, Pakistan received $3.5 billion (Rs190 billion at the exchange rate at that time) worth of oil from Saudi Arabia on deferred payment, a major part of which was converted into grant.

Jam
May 23, 2013 02:05pm

Power problem in Pakistan is due to the fact that (a) the people who are managing the power sectors are busy stealing the funds and (b) people do not pay either the full bills or part of it. If Pakistani following the honesty and truth as shown in Islam then they will be the most prosper nation in the world.

kesar
May 23, 2013 02:03pm

@Shahid: There is no such thing as 'free lunch'.

kesar
May 23, 2013 02:06pm

We must stand on our own feet and have self respect. NS stop begging.

ID
May 23, 2013 02:12pm

All can be interpolated in any way you want but it all depends on the way the government manages the situation. Does it uses this as a stepping stone or does it keeps it hand out for more?

Kashif
May 23, 2013 02:21pm

15bn $ could establish at least 2 mega projects of 10,000 MW of electricity based on other cheaper n alternate source. But beggars cannot be choosers as is a famous saying.

Khan
May 23, 2013 02:28pm

I can see pakistanis turning blind eye to this great great favour only because of the bias that they are Salafis.. Alhamdulillaah

FactCheck
May 23, 2013 02:38pm

Deferred payment? More like a write-off.

Imraan Mehmood
May 23, 2013 02:42pm

PPP supporters are so jealous of the cozy Saudi-PML-N friendship as can be noted from some negative comments

citizen
May 23, 2013 02:43pm

I would rather we battle the energy shortage on our own and sort out a long term strategy of resolving this crisis than rely on such helping hands, which will most certainly have some strings attached...

NM
May 23, 2013 02:45pm

@HM: tu worth he tu show ki hia ........ yehi worth hia unki

Haroon Mughal
May 23, 2013 02:47pm

@Akhter Husain: Probably dumping the gas pipeline project!

haroon
May 23, 2013 02:49pm

@India: How about India and Pakistan doing it together.

Afaq Ahmed khan
May 23, 2013 02:52pm

wish one day Pakistan is granting a bailout package to some poor country

MSA
May 23, 2013 02:57pm

@Maverek: I don't believe that the newly elected government is capable of developing a plan for long term solution of the energy shortage. They will prefer the Saudi loan, because that will be easy money for corruption. Nawaz Sharif and his people are in gold. I am sure the new government is excited about it. Pakistani people deserve it, because they elected the people already tested and failed. What a dilemma!

MSA
May 23, 2013 02:59pm

@Niraj: Who are those brilliant people? Can you name five?

Yusuf Mashera
May 23, 2013 03:03pm

The begging continues. the army gets richer.

Anwar Ahmad
May 23, 2013 03:06pm

Means more Saudi influence on religious front.

S. A. M.
May 23, 2013 03:20pm

It seems the gas pipe line would now be shelved probably DUE TO SECURITY REASONS. by having the pipe line we could gain big difference in restive baluchistan Not only we will lose that we are also going to lose our trust internationally for not honouring our accords. But do they look like they care?

Pathan
May 23, 2013 03:23pm

@Yusuf Mashera: its our Army,,, if it get richer or stronger,,, we are proud of it

RFR
May 23, 2013 03:24pm

@India: Yes India is not our enemy; Pakistan was in war with Japan in 1965 and with France in 1971??

Tajammal
May 23, 2013 03:26pm

@India: Why India's expenditure is 10 times of Pakistan in this field?

Imran
May 23, 2013 03:43pm

@Atif: It is not a sigh of relief, it is sign of worry because this bailout means more influence which will end up creating more religious mess in our country

khan
May 23, 2013 03:46pm

Here starts the game again.We should have some self respect.The problem is that with this so called aid,sharif family will be richer,more influential.And the common man will get more degraded,particularly those working in kingdom.And we will more towards stone age.

saylani
May 23, 2013 04:17pm

Now if we think again we can put two and two together why and how the polls were rigged , shows why Imran Khan was not given a fair chance and our nation was put down by the rich lords who dont want a poor man to stand on his two feet " God almighty help us " to break begging bowl .

adil
May 23, 2013 04:40pm

then they say.. why people dont respect us...

M R Khawaj
May 23, 2013 04:44pm

No Point for Saudi or any one else to through their Good money in dark pit hole where they can not see it and this hole never fills up. Like western Government Saudi should tell Pakistani politicians to bring in their own money to the country they belong and Govern before begging from any one out side.

shahid
May 23, 2013 04:45pm

@Kashif: you have to be practical, be in a PM shoos, people are dying here in punjab due to deadly loadsheding. we need oil to resolve circular debt immediately. do u have any other option. power plant is a mid term plan,,,,,,

Ejaz
May 23, 2013 05:10pm

It is not help for the Pakistani people that the Saudis are providing - but political support for one of their lackeys. Under these circumstances the offer of help should be politely refused. We are not a colony of a country half the size of Karachi.

akram
May 23, 2013 05:19pm

GOOD

Razi
May 23, 2013 05:49pm

Most of this money from Saudia will go into the pockets of corrupt politicians and WAPDA heads. Chinese say dont give a fish. Teach fishing.

Malik Nawaz Asghar
May 23, 2013 06:13pm

Here we go again, desperate situation very good for corrupt official to make money, geya Pakistan

Paracha
May 23, 2013 06:17pm

@India: How about India reducing its own defence budget, its currently spending at least 10 times more than Pakistan so first practice what you preach.

Saleem Hatoum
May 23, 2013 06:38pm

Fantasy proposal

Agha Ata
May 23, 2013 06:46pm

@kesar: There are FREE LUNCHES at shrines. Aren't there? :)

Toor
May 23, 2013 06:48pm

Fully Agree. Pakistanis can now forget the Iran gas pipe line. Very unfortunate to see how Saudi Arabia has been controlling the future of Pakistan. What a shame.

Qamar
May 23, 2013 06:50pm

The governments of the past three decades have turned the country into a professional beggar.

Analyst
May 23, 2013 07:11pm

Say goodbye to the Iran Pakistan gas pipe line which would have been in the ultimate long term interest of Pakistan. Also say goodbye to the development of Gwadar port which is agaisnt Saudi interests. Here we go selling our souls again. Well done everyone.

Bika hoa Pakistani
May 23, 2013 07:21pm

Pakistan ki neelami shoro ho gai hai.......

MAK
May 23, 2013 07:22pm

Why don't we develope nuclear power purely for electricity production.? We are so experienced in that field. Two 5000 mw power plants for each province could solve this problem for ever. Any surplus could easily be diverted to the needy province. Saudis are very generous people, but we should have some dignity. They already provide jobs to thousands of Pakistanis, for which we should all be grateful to them . But charity should be a NO NO.

ebraincity
May 23, 2013 07:54pm

We Hope things for Pakistan improve

damaani
May 23, 2013 08:44pm

They have to now supply the fodder for the horse they betted on in this race. Time for the promises and guarantees to be fulfilled in return.

Tuglaq
May 23, 2013 08:54pm

@Muhammad Waqas: Like the street walkers of this world. They have dignity too! They are just being practical. Don't judge them because they come from poor backgrounds.

samina
May 23, 2013 09:21pm

Thanks Saudia for ruining it completely, there was little hope that the country after elections will move back to sanity but now its all over. Soon KSA will be supplying moral police and its medieval ideology to take us back to the dark ages. alas!

Haris
May 23, 2013 09:20pm

Beggars to the end.. !

muzammil ullah khan
May 23, 2013 09:24pm

I hope this opportunity is not frittered away . This time could be used to turn these oil guzzling IPPs ( a gift of PPP Govt) into coal fired facilities . The aim should be not only to produce sufficient power but to cut the price of electricity be half adopting other measures .

azaad
May 23, 2013 09:30pm

@Paracha: Brother, India is not taking the USD 15 B!!! Simple question (either answer will do): Is it worth selling independence to the Saudis or the Americans or the Chinese to match India bullet for bullet? Same answer works for: is it worth selling out to India or Saudis or Americans or Chinese to match Afghanistan bullet for bullet?

Sarwat Hasan
May 23, 2013 09:39pm

Here we go again, living on hand out from a country that is directly involved in spreading terrorism in Pakistan.

A Z KHAN
May 23, 2013 09:42pm

It is great but why not rich muslim countries make a consortiam or BANK to regulate aids to needy muslim countries of soft loan bases .This aid is based on return of capital by countries when they able to give back the loaned money ,without interest according to sharia .readers may not agree with my suggestion.

Akhter Husain
May 23, 2013 09:48pm

It is good to see that Pakistanis are alert and thinking.The question is if the leadership is also on the same wave length.,or they are going fall for this offer.

chander
May 23, 2013 09:54pm

@Paracha: You are mistaken actually. India spends just as much money as Pakistan does on actual military budget, the rest of the monies goes to the congress parties ministers personal accounts.

Lakhkar Khan
May 23, 2013 10:12pm

@saylani: Imran Khan is poor?

Inam
May 23, 2013 10:19pm

This is good step for pakistan. There are NO free lunches in this world, alternative wud have been IMF package for energy crisis. We desperately need breathing space. Way to go Nawaz sharif. And about PTI people criticizing every decision, reconsider your path.

Inam
May 23, 2013 10:18pm

This is good step for pakistan. There are NO free lunches in this world, alternative wud have been IMF package for energy crisis. We desperately need breathing space. Way to go Nawaz sharif. And about PTI people criticizing every decision, reconsider your path.

ali
May 23, 2013 10:24pm

saudia will aid ns for backing her sons talibans.God save us

Shahab
May 23, 2013 10:37pm

Hungry. should. never refuse Allah bounty. Ego is not self respect brothers

Shahab
May 23, 2013 10:50pm

Old saying. Empty vessel sounds loud. Arrogance. Is self defeating. Sorry. If I am harsh. Shahab

marwan
May 23, 2013 11:16pm

@Paracha: India can afford to spend large amount

Vizier
May 23, 2013 11:26pm

Bhikari Log Bhikari Mulk

Salim Akbani
May 23, 2013 11:28pm

This country's leadership strategy is to beg to anyone who will feed them for their term. We have taken begging for billions to a from of art. With Saudi money comes Wahabbis, madressahs and terrorism. With American money comes drones and a job of playing regional coolie(transit equipment to Afghanistan). With Chinese money we get to play sentry watching over India.

We are professional hired hands.

Vizier
May 23, 2013 11:31pm

@Paracha: bhai India have money to spend, Pakistan don't have, its like on Some festival you asking others don't wear good cloths. you reduce budget why ask others or improve your country from being a beggar of gulf.

Salim Akbani
May 23, 2013 11:37pm

@Shahid: My father once justly said: Once a beggar, always a beggar. Does anyone see and end to this begging?

pakistani
May 23, 2013 11:47pm

@Talha: well said. i second to your thought. Iran is our more genuine friend then Saudia or US or India. Iran gas pipeland must be completed whether we get this aid or not. that will be for long term if this government is sincere. No aid from Saudia Arabia on the expense of our long term policies.

Hadji Sahab
May 23, 2013 11:55pm

I hope that the time comes soon that we get a great and honest leadership in Pakistan. One day, we won't be getting alms from all over the world. Let's hope people!

Ali
May 24, 2013 12:20am

Pakistan will pay back this loan with interest in 3 years along with equivalent amount, barrel to barrel of Pakistani blood drained by the spread of wahabi terror. As they say, nothing is free in this world. Saudi Arabia is not doing this as a favor to Pakistan but in order to push for Pakistan to become a wahabi colony under complete control of Saudi Masters. So sad that NS is falling for this trick. Where are you Imran Khan? We waited for you so long.

Kesar
May 24, 2013 12:20am

@Agha Ata: No doubt but the price you pay is with your soul!

Gfellow
May 24, 2013 12:43am

This is not for people of Pakistan. Saudi Arabia does not give a damn about people of Pakistan. It is about buying influence with NS. also to keep Pakistan away from Iran.

hamza khan
May 24, 2013 01:15am

@Qamar:

the musharraf government never begged for any money. pakistanis wanted democracy.welcome to 'democracy'

Muhammad Farooq
May 24, 2013 02:58am

@Anwar Ahmad: I am telling you my friend we are totally in the wrong direction. We must take a U-turn, the sooner the better.

JAVED RAHMAN
May 24, 2013 04:47am

DEVELOP IRAN PAKISTAN OIL PIPELINE SO THAT PAKISTAN BECOMES SELF SUFFICIENT IN ENERGY SECTOR. REJECT SAUDI BAILOUT WE ARE A PROUD NATION NOT A BEGGAR SOLVE THIS PROBLEM ON PERMANENT BASIS

Ahmer
May 24, 2013 04:49am

This $15 billion offer is what must have made Nawaz Sharif claim that he will end the blackouts within 30 days.

Ahmed
May 24, 2013 05:02am

@MAK: I agree with you. We have nuclear power generation for sixty years and we have deep expertise in this field yet we are acting a drunken sailor. Either we don't know crap or we have a mental disorder on part of the government or our scientist. If they can develop nuclear missile and nuclear bombs I would have surely thought they would know how to generate power from a nuclear reactor. It is shameful and pathetic we have not done squat in this area which is cheapest source of power generation.

Bilal Hassan Syed
May 24, 2013 05:15am

So what if we getting a bailout from our Arab brothers. Pakistanis are Arabs themselves. Brother helping a brother, no shame in that!

ceaser barsal
May 24, 2013 06:03am

Saudi Govt. always and under all conditions helped Pakistan to bail out of traps of poverty.Pakistan main problem is corrupt and politicized judiciary and most corrupt berucracy.Both are so strong that they manage the administration.If Mian Esq.Govenment could only depoliticized judiciary and make both judiciary and berucray work for the interest of contury not their elevation in press and dishing out of country public funds by corruption and corrupt practices,all issue will be resolved with resources available in country.

dkp
May 24, 2013 06:22am

@Paracha: india cannot for it needs to match china at least in defensive mode in not offensive mode

dkp
May 24, 2013 06:36am

@Tajammal: for India is 4 times in area and 5 times in population to Pakistan it commands from evergreens of tripura to semi deserts of gujrat and from ever frozen peaks of laddakh to the coasts of tamilnadu it needs to answer the threats of china and contain the naxals within and maintain harmony within the uncountable ethnic, religious, linguistic groups and their verticle and horizontal division the army budget of india will keep on balooning as long as the north of indian ocean is threatenend and the south of himalayas are not peaceful

Muhammad Arshad
May 24, 2013 06:42am

@Khan: That is nonsense. Pakistanis in general appreciate the help that Saudi Arabia extends to Pakistan. However, when the help is seen as tied to a specific political party, it amounts to political interference. That is the aspect of this help that is bothersome. It will come with wrong type of influence, which will be more detrimental to Pakistan in the long run than the suffering Pakistan is going though. Some of the current troubles in Pakistan can be traced to Saudi influence. And by the way, I am not a PPP person.

P Pat
May 24, 2013 07:24am

@shahid: Why r people dying because fo loadshedding? didn't your fathers and grand fathers survuved Punjab heat without air con? Pakis are too soft; and wants to be world leader!!

Azam
May 24, 2013 08:13am

15 bilion dollars from Saudia will bring another wave of wahabism and madrassah culture to Pakistan. Already we have paid a heavy price of supporting these womanizer Saudi Kings. Overseas Pakistanisn are capable of providing billions of Dollars to Pakistan. We just need an honest leadership in Pakistan to prove by action that the amount will be spent purely on Pakistan and won't go in the pockets of corrupt ministers.

falcon
May 24, 2013 08:38am

having strings attached to gifts or help can be a bad thing but sometime it is needed, especially for pakistan right now, so pakistan is forced to use the money on extreme needed things like energy, infrastructure etc. although i have hope in the new govt and expecting alot form thembut their need to be some strings attached, just as a preacution. or am i wrong

bong
May 24, 2013 09:48am

@MAK: Where do you get the money & uranium ?

Kaleem UD Din
May 24, 2013 10:02am

@JAVED RAHMAN: It's Iran-Pakistan Gas Pipeline not Oil Pipe Line.

deskchair
May 24, 2013 10:51am

@JAVED RAHMAN: How is taking Iranian energy help different from taking Saudi energy help? I'm honestly curious.

Mustafa Razavi
May 24, 2013 12:39pm

@JAVED RAHMAN:

Both Iran and Saudi Arabia are our brotherly countries. Of course it is good to be self sufficient, but we can rely on China, Iran or Saudi Arabia much more than on US, UK, Canada or Japan.

Mustafa Razavi
May 24, 2013 12:41pm

@Salim Akbani:

We are not watching India to serve China's interest, we need to watch our enemies.

Mustafa Razavi
May 24, 2013 12:44pm

@Qamar:

False claim.

Danish Hanif
May 24, 2013 12:50pm

@Bilal Hassan Syed: We Pakistani are not Arabs .. We share the same religion with Arabs like rest of the muslim world does.. Like Turkey .. Malaysia etc etc etc

Mustafa Razavi
May 24, 2013 01:15pm

@India.

You say you are not our enemy but our nuclear bomb will keep you that way. India is the world's largest importer of arms, yet Indians never admit to being anybody's enemy. What exactly is the purpose of these $100 billion of arms when you have 500 million people living below the poverty line?. If India's poor were a nation, they would equal the population of 80 (least populated) countries in this world.

Mustafa Razavi
May 24, 2013 01:17pm

@Raza:

PPP did not have good relations with Iran, they towed the American line. Any good relations with Iran are due to our army.

Mustafa Razavi
May 24, 2013 01:18pm

@gangadin:

A superior nation that has voted for very inferior leadership for the second time in 5 years.

Hassan
May 24, 2013 01:49pm

****"Khudi Na Baich, Ghareebi Mein Naam Paida Kar!"**** Allama Iqbal

Rukhsana
May 24, 2013 03:21pm

@Azam: so you think lantern culture will be awesome :D

atif khan
May 24, 2013 03:34pm

Hope someone the concerns reads the replyies, Well our coastal area is full of win energy from gawadar to hyderabad, the long belt can be a source for unlimited amount of energy produced via windmill, now question is that purchasing windmill from outside we will have to wait in a long queue, better option would be to go into joint venture with some international entity and windmill should be produces here at HMC heavy mechanical complex taxila, keep on producing and installing windmill and get energy.

atif lodhi
May 24, 2013 03:41pm

This is good news for businessmen. This deal has pros and cons. Saudi will dictate whatever they want. Even Saudi is a Muslim country, but I personally do not like getting help. I want to stand up on my own feet. This will take time, but will be more helpful.

Ejaz
May 24, 2013 04:27pm

@deskchair: We wil be paying Iran and they will not be dictating home and foreign policy.

Ayaz
May 24, 2013 04:33pm

@Bilal Hassan Syed: Pakistani are not Arab.... Where you get information?

Raj
May 24, 2013 04:38pm

Pakistan dey baley baley! $15B in the national treasury, wow!

mohammad shafique
May 24, 2013 05:15pm

i remember when this guy had expressed comments about zardaris corruption as reported by wikileaks never mind how much wealth of the saudi people he has siphoned off into his personal coffers

Nazir
May 24, 2013 05:44pm

@samina: But do u think that when this Kachkol will be broken.When will we be able to be called as a nation.I think this loadshadding is good then bagging.

tam
May 24, 2013 07:10pm

@marwan: Thats Why they have the largest slums in the world,

Faiz
May 24, 2013 07:42pm

Folks, Pakistan is the top notch Nuclear Power and Saudi can only rely on Pakistan, look at histroy, Pakistan Miliary was stationed in KSA for decades, right after 911, Saudi gave free oil to Pakistan in return for Protection, USA has been browwing money from China, India has from Russia and USA. Please understand there is nothing free in this world. Its a give and take world.India is 8 times bigger than Pakisan, but as far as Miliary is concerned we rank in the top high. Pakistan is a young country only 66 years old, Soon energency crisis will end, have faith in our beautiful nation

Saad
May 25, 2013 03:00am

@P Pat: It's not the lack of ACs that's killing us. It's the lack of employment and economic slowdown that has been caused by the power shortfall.

Mohammad Iqbla
May 25, 2013 03:32am

I consider it a step towards keeping Pakistan away to strive for standing on its own feet. Pakistan has enormous capability to produce gas from Coal and our engineers proved that they can do it provided Govt. help them by providing some continuous financing for a certain period. Temporary cash loan for a very limited period could solve the problem, but nobody cares to make Pakistan independent.

Khalid Rao
May 25, 2013 05:16am

Bail out Pakistan it is very encouraging ,but the people those are involved in bailing out Pakistan through, must be proven passed from 62 & 63 rules of our constitution.What I am as a cautious national of my country,prefer these assistance must be given to an honest and fair Pakistani leader..This time Nawaz may be shows an honesty,and justice because there is a strong opposition leader and a team in front of N league. any diversion from the subject will be snubbed seriously.

Awan
May 25, 2013 06:14pm

@Mohammad Iqbla: Our engineers till date have not been able to make a simple generator of 10 KW and a simple engine of 800 cc and you are talking like that??. Let us face it that Pakistan dont have any class of engineers at all and rather we have technicians only.

Rana
May 25, 2013 10:13pm

@Mohammad Iqbla: You are 100% right. All out to line their own pockets apart from PTI.