Yours Sachly Ko Lulz Kyon Ata Hai ?

[Iamanidiot]

Yours Sachly Ko Lulz Kyon Ata Hai: Part 1

May 1, 2012 Leave a comment

Yours sachly brings you for your enjoyment, news articles that should be read together for Lulz.

Army has its eye on Nato supplies deal

The bankrupt Pakistan Railways management has pulled off the mother of all deals with the NLC, while the army is working hard behind the scenes for an equally big deal with the United States. In the first week of February, railways signed a deal with the military-run National Logistics Cell (NLC) under which the cell will repair 30 railway locomotives of which 15 will be returned to the railways to use. The other 15 will be used by the NLC to carry freight booked by the NLC. What does the NLC get out of this deal? This was a question that proved hard to answer as the NLC and the ISPR never bothered to reply to any questions despite a weeklong wait. However, Dawn has learnt that the military is gearing up to earn big bucks from the transport of US/Nato/Isaf supplies via Pakistan's land routes in the near future and this is what is behind the NLC deal with the railways.

Pakistan Railways asked to justify controversial deals

The National Bank of Pakistan (NBP) has asked Pakistan Railways (PR) to justify its deal with National Logistics Cell (NLC) for repairing 30 locomotives at Rs500 million while the Bank's Balancing, Modernisation and Replacement (BMR) for 100 locomotives is worth Rs 6.1 billion. The News has reliably learnt that PR has two separate deals to repair 130 units from its aging fleet of locomotives. In the first deal, NLC has been asked to repair 30 locomotives at the cost of Rs500 million. After the repair, half of the repaired locomotives would be used by NLC and PR for freight purposes only. In the second deal, NBP is to arrange a financing facility of Rs6.1 billion for the BMR of 100 locomotives.

Railways' ancillary staff move to block Rs6.1 billion loan

Cash-strapped railways got the Rs6.1 billion loan in January through its profitable ancillary PRACS. PRACS was chosen for the purpose as no bank and financial institution was ready to trust the loss-making railways. The employees, under the cover of PRACS Employees Association, are of the view that the loan will not be used for the repair of locomotives and may be misused by railway officials. The association represents lower as well as some high-ranking officers of PRACS.

Pak Rail team arrives today to buy engines

With the intention of acquiring locomotives from India to re-start its defunct train services, a three-member team of the Pakistan Railways Advisory and Consultancy Services Limited (PRACS), led by managing director Mohammed Junaid Quareshi, will arrive in the Capital for a two-day visit onThursday. As reported in the April 21 edition of the Hindustan Times, Pakistan has pitched an upgraded offer to buy or take on lease about 100 railway engines from India.

So NLC wants locomotives repaired for cheap, Pakistan railways is taking a loan from a bank for four times that money to repair locomotives. The loan is taken out by an ancillary, the money will not be used to repair locomotives but for purchasing new ones from India, which will then be used to transport NATO supplies, which will earn money from the US for National Logistics Cell. Which makes me propose a new Headline:
India to Fund Pakistan Army to Move Peace Process Forward

Or better still
Milo Minderbinder Runs Pakistan Railways

nice stuffMajor Bearls Oph Wisdom

 

[pmaitra]

As long as they are buying it is fine by me. Apparently, they have realized PRC made engines are no good, or at least those that they acquired form PRC. They will also have to come to India for spares.

I am totally against leasing though.