PML-N govt diverts IP pipeline funds to cover fiscal deficit

[Sachaydino]

Re: PML-N govt diverts IP pipeline funds to cover fiscal deficit

@Doppleganger

Though China is bargaining and getting oil from Iran, for which it is exempted from US sanctions like India, I don’t think that they have a desire to engage in gas pipelines considering that they are quitely siphoning away the gas from the huge central asian reserves. The rest is being diverted by Russia to blackmail Europe, which is why Gazprom has such an interest in IP or IPI pipeline. Russia is a spent power and it knows that it can only blackmail Europe on resources, since it can’t challenge the military imbalance in Europe let alone take on the US.

The worst part in all this is that pakistan still couldn’t manage to get a firm deal on the price of the gas i.e. it is pegged to current price of crude in the world. We can’t even pay the thermal plants, so how does Pakistan plan to subsidize the expensive gas when subsiding the cheaper sui gas is a fiscal problem for the govt? I’d give it to Zardari’s politics to ink the deal at the end of PPP’s tenure. He knew that PPP ain’t coming back and he won’t be the president after this year barring some miracle. I can see how PPP could use this issue in the next election to even come back in power so kudos there.

Uncle Sam ke samnay NS ki hawa nikal jaati hay. Baap na bhaiya, Uncle Sam sub se bharhia:)