Sunni Terrorist Fragments of Unstable Pakistan - 12 Dec 2014

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 03:06

1) RAPEs have no shortage of money to buy gasoline.
2) Gasoline prices are half what they were 2 months ago.
Why then is there a shortage? Can someone pls illuminate on this simple point?

UB saar, the point you are missing is that the paki RAPEs have refused to pay the bills so that paki oil companies can no longer buy oil from the oil majors -- the individually held fortunes of the RAPE does not help here, since the state owned companies don't have the cash to pay their suppliers.

added later: A_Gupta has already explained the same thing, but the links below have some figures.

The sources also said that though PSO had made some contracts of Rs110billion to buy petrol and furnace oil in the international oil market, yet all contacts has been cancelled mainly because it could not receive Rs180billions from the power sector. Even, stock of furnace oil has dried due to financial crisis being faced by state-owned oil giant (PSO). Sources in power sector told that PSO has closed supply of furnace oil to Independent Power Producers (IPPs) and govt-owned power plants and due to this power shortfall has surged to above 5,600mw of power in the country.

Officials at petroleum ministry said that monthly petrol consumption has grown to three lakh tons mainly because of closure of Compressed Natural Gas (CNG) stations. They said to meet the pubic needs PSO has been importing two lakh and twenty thousands tons of petrol, while country’s refineries are supplying 80,000 tons of petrol in the open market. In a letter to the Ministry of Water and Power secretary, MD PSO asked to immediately provide Rs48billion to make an end to the petrol crisis. Managing Director PSO also said that PSO’s power sector receivables stood at Rs 198 billion, while it (PSO) incurred penalties of approximately Rs 250million (for the period from October 2014 to December 2014) on account of delayed payments of Rs 50billion to banks, $1.8million as demurrages (from July 2014 to November 2014) and supplies’ claims of about $6.4million for damages due to delay in nomination of vessel and in opening of LCs.

Basically, it seems that the thieving RAPEs basically refused to pay the bills to the oil companies in charge of buying oil from the international market, and so no oil for pakis all over.

http://www.dailytimes.com.pk/punjab/16- ... -in-supply

check the post by K.Mehta in the paki economic stress watch thread. post dated: 16 Jan 2015 16:07

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 03:09

The Afghanisthan thread says the IS trying to get control of the heroin trade in Helmand province -- this sounds like the paki army criminal enterprise in action working under the IS flag. Independently financed by the drug trade...drugs for oil?

UlanBatori · Post by **UlanBatori** » 20 Jan 2015 03:22

Thanks for the education. Wonder how this commie Central Supply scam survives in the ultimate haven of Free Enterprise. So this has to be completely artificial, and someone is making big $$. Who needs "credit" when they are used to dealing in havala or suitcases filled with $$?

The solution should be obvious to any Paki: Black-market smuggling/diversion of oil directly, either from supplies for US troops/National Bird or directly from Iran, or via barge from Gelf to Karachi, plus home delivery, COD. I am shocked that this natural free enterprise is being held back. Imagine the opportunities for joyous and pious celebrations if a few tanker trucks could be inflated deep inside the posh RAPE neighborhoods!

"Wuthering Heights" going up would be nothing compared to some of the Jarnails' makaans.

OTOH, how is the fuel shortage affecting US operations? BYOG? They don't buy it from the Paki Ministry?

Peregrine · Post by **Peregrine** » 20 Jan 2015 03:28

Liquidity shortage: SBP injects another Rs526.6b in third OMO of 2015

KARACHI: In the third open market operation (OMO) of 2015, the State Bank of Pakistan (SBP) injected liquidity of Rs526.6 billion into the banking system on Monday.
The cash injection was aimed at addressing the shortage of liquidity that has affected the banking system for the last three months.
According to data released by the SBP’s Domestic Markets and Monetary Management Department, the liquidity-injecting OMO had a tenor of four days with the accepted rate of return clocking up at 9.3% per annum.
The latest injection follows OMOs on January 2 and January 9 that injected Rs513.1 billion and Rs694.1 billion, respectively, into the banking system.

Cheers

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 03:44

OTOH, how is the fuel shortage affecting US operations? BYOG? They don't buy it from the Paki Ministry?

That has always been the case, if you remember all those NATO trucks with fuel that got stolen and burnt by the pakis on a regular basis? The "allied troops" always got the supplies for their own trucks -- I mean, you ask pakis to supply fuel for you and the next thing you know is all your expensive hummers will running on kerosene.

The pakis may have reopened the supply line after the US burnt its bridges with Russia and stopped the northern supply route (the US has a kinda paki mentality where they go mess with russia for the heck of it, even as the Russians were cooperating in getting fuel without paki cooperation...made for each other like abusive husband and psycho wife).

Peregrine · Post by **Peregrine** » 20 Jan 2015 04:16

US, UK ask Pakistan to hand over Lakhvi to India

ISLAMABAD: The US and UK have asked Pakistan to hand over Zakiur Rehman Lakhvi, the mastermind of the 2008 Mumbai attacks, to India to improve bilateral ties or to them for his "independent trial".

During 54-year-old Lakhvi's bail case the Islamabad high court (IHC) on Monday, the prosecution informed that the "two countries had demanded handing over of Lakhvi to India".

However, the prosecution lawyer did not name the countries in the court.

However, an interior ministry source told PTI that the US and the UK had asked the Nawaz government to hand over Lakhvi either to India in order to "improve ties" with the neighbouring country or to them for his "independent trial" as several nationals of different countries were killed in the the 2008 Mumbai attack.

The prosecution also requested the division bench of IHC headed by Justice Shaukat Aziz Siddiqui to expedite the case.

On this, Saddiqui remarked, "Shift the case to the military court if the government is in such a hurry."

The judge also said handing Lakhvi over to any country was a "diplomatic issue" concerning the government and the court had nothing to do with it.

Prosecution chief Chaudhry Azhar told PTI that Lakhvi's lawyer did not attend Monday's hearing.

"The court in last hearing had issued summons for Lakhvi but his counsel did not appear. On this, the court adjourned the hearing," he said.

The court office will fix the next date for hearing. In the last hearing, the prosecution told the IHC the trial court had ignored testimony in the 26/11 case while granting bail to Lakhvi on December 18, 2014.

Lakhvi will remain in jail under the Maintenance of Public Order (MPO) till February 18 after the government extended his detention for another month.

Lakhvi and six others — Abdul Wajid, Mazhar Iqbal, Hamad Amin Sadiq, Shahid Jameel Riaz, Jamil Ahmed and Younis Anjum — have been charged with planning and executing the Mumbai attacks in November, 2008 that left 166 people dead.

Lakhvi was arrested in December 2008 and was indicted along with the other accused on November.
Cheers

Anujan · Post by **Anujan** » 20 Jan 2015 04:18

Didnt we want to export Electricity, Gas, *and* Petrol to our long lost birathers under the previous regime?

What would we have done if Pakis as usual didnt pay?

UlanBatori · Post by **UlanBatori** » 20 Jan 2015 04:33

What would we have done if Pakis as usual didnt pay?

Be like the US, or pretend to be. They don't pay the US either, do they?
But unlike the US, India wouldn't have any clout. Details, details! What MMS couldn't handle.

Atri · Post by **Atri** » 20 Jan 2015 04:38

Is this shortage generated by unkil to ensure that ombaba's visit goes as planned without any misadventures from pakis? After ombaba goes back, we may see this shortage magically alleviated.

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 04:59

I believe Pakis not paying their bills was not a matter of concern for the previous UPA regime as it was more important to have a strong and stable pakistan (according to MMS and his cronies, IIRC). Sometimes it seems like a miracle that India managed to get through the previous regime without losing a few limbs and an eye or two.

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 05:16

http://tribune.com.pk/story/824106/jud- ... -minister/

PML-N minister openly that JuD is not a terrorist organization because it only targets India. Pakis being pakis as usual..nothing new in that article.

Altair · Post by **Altair** » 20 Jan 2015 07:45

If a terrorist attack happens on India and if India retaliates, first victim will be Karachi and Indian Navy will block all sea trades into Pakistan. No petrol coming in or sport goods going out. Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?

Virendra · Post by **Virendra** » 20 Jan 2015 09:42

Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?

Could be either way. This shortage may also be a one time large scale hoarding done by the State itself .. for reserves. Though doesn't seem like it.

But in any case Pakis are shameless enough to beg the Unkil or Chinaman again, as they've always done before. So no problems.
I think Tuvaluan ji summarized it well on how it goes between the Pakis and their owners - "abusive husband and psycho wife"

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 09:49

The pakis seem to literally have no money to buy oil from the market period, which probably also means that they are not going to be able to wait until oil prices come to some sweet spot, and instead buy all they can as soon as the US hands over cash money to the pakis next week.

Kashi · Post by **Kashi** » 20 Jan 2015 10:02

Karan M wrote:
Kashi wrote:Lots of khuji amongst the Pakis on the closure notice being served to PIA. Fuming and frothing over Modi, Hindu, RSS, small hearted etc etc. It may be noted that nothing rankles a Paki more than a major blow to their self-perceived H&D, and of course "blasphemy."
and jou did not post it here? blasphemy. three strikes with holy kendostix

Sorry saar..I atone for this grievous crime..

here you go..some gems from here

Terminate all diplomatic, trade, and travel relations with India immediately, until Modi and his RSS party is in power. You cannot expect civility and decency from malevolent small hearted Saffron terrorists.

Please do

We should stop sending flights to india. Who wants to travel to that begger hole afterall?

Just recently a world survey, india prospered by being the most racist country. 1.5 billion racist in that country/dirt hole.

We should also stop all ties with india. Afterall we are blamed for the increase in indian population too!

Some others in YAWN

As cheap you can go India and Modi. No surprise what you can expect from radical, extremist Hindu government but times change and Pakistan must remember these ordinary acts of BJP Government. Disgusting on their part all want to say.......

This one from a paki shedding crocodile tears for Afghans

Interesting to see all love of the Indian govt. for Afghans. What a joke when they speak of them as brothers! where were they for the decade long Russian invasion? No Afghan can buy a property in India huh.......... Lets close the office in Delhi. We have no interest in being there and also send most of their Diplomatic staff home. We are done with these people until they learn to vote wisely. meaning vote Khangress and like

It is India's loss. If India does not want Pakistan's business, Pakistan should refuse to do business with India. If India wants the MFN status, it should learn to behave.

chori pe seenazori

India is an enemy nation and these Hindus have decided to be sworn enemies and they will never let the peace prosper. Pakistanis need to get this point or else keep on getting deceived by the Hindus.

Its all part of Modi government plan to harass Pakistan.

Merely signs of frustration on the part of Modi Govt. Jharkand elections, Kashmir elections, Haryana elections, Maharashtra elections and Delhi elections in the mind of BJP. Keeping on creating issues with Pakistan to win these elections. Or is it a part of strong foreign policy promised by Modi?

Legally what India did May be correct but morally it does not make sense. If the sale happened 10 years ago, RBI has to justify why it is raising the issue now.

Hardcore Pakistani
Ever since Modi became PM, cease firing in kashmir increased, mass force conversations of Muslims and Christians.
Pakistan should stop allowing Indian airlines to use Pakistani air space for international flights to Europe, Middle East, Central Asia and Russa, let indian airlines use longer routes. Also Pakistan should stop indian ships using Pakistani waters into middle east for oil purposes.

And it goes on an on and on..

Amusing, though.

Tuvaluan · Post by **Tuvaluan** » 20 Jan 2015 10:09

It is India's loss. If India does not want Pakistan's business, Pakistan should refuse to do business with India. If India wants the MFN status, it should learn to behave.

ROFL. Pakis think that anyone in India wants to buy the sh!t they produce in pakiland.

As an aside, it is pretty clear now that the aholes in Indian media who claimed that the "smuggling boat" was smuggling diesel into India were pushing the line of the Congress party or some other entitiy...like the pakis have a lot of diesel to spare given their current situation. Why lie to the Indian public openly and deliberately to disavow that the boat had nothing to do with terrorists?

Baikul · Post by **Baikul** » 20 Jan 2015 10:55

UlanBatori wrote:This makes absolutely no sense.
.............

Should have stopped right there.

This is the STFUP thread, this is the Islamic Rapepublic of Paa'stan.

Raja Ram · Post by **Raja Ram** » 20 Jan 2015 10:56

UB saar and Tuvaluvan saar,

I am in no illusion about the capacity of Pakistan to survive despite all odds. As you rightly suggest unless the key groups that control Pakistan namely the Punjabi Officer Corps of the PA, the Punjabi Politico elite and the Mullah Theocracy are struck hard and debilitated, it would never be possible for Pakistan to implode.

These three groups are being sustained by the funding of their sponsors principally the US and Saudis for funds and China in terms of credit lines, technology to upset Military balance with India.

The only point that I am trying to make is that there is a degradation on the part of the sponsors ability to supply the oxygen of money and fuel. There is also a degradation the part of the controllers of Pakistan to retain their control over the population inside Pakistan.

This has resulted in an acceleration in the downward spiral trajectory of the artificial state. When this is coupled by a stabilizing growth and rejuvenation of Indian capabilities to inflict targeted punishment to the controllers of Pakistan, it means that a window of opportunity is available to ensure the acceleration continues and Pakistan reaches its logical destiny.

For that too happen, India will have to push the boundaries of its own capabilities and also adapt a more assertive realpolitik stance in the region and in its relations with the key sponsors. I would submit that there are enough indications of that happening post Modi in terms of his efforts to move the relationship with all the major sponsors - the US, China and Saudis along with Japan - as well as with powers in the region SL, Nepal, Bhutan, Afghanistan and Myanmar.

It is in this context that the petrol shortage should be seen and its implication understood. That is what I have tried to capture. It is a limited point of how Pakistani descent is accelerating now and the latest crisis is a manifestation of that.

Shreeman
With regard to Chinese leadership, there is a discernible difference between the leadership of yesteryear and the present generation. While they do try and assert themselves across the region and continue an aggressive upgradation of capabilities, they have been more circumspect in their actions when it comes to confronting. A more detailed response is not fair to be done on this thread though.

Shreeman · Post by **Shreeman** » 20 Jan 2015 12:20

Raja ram,

You are giving the chinese undue credit. For each reported incursion, a dozen go unreported. While BRO stops work and the japanese shy away from building roads, the chinese are laying down tarmac at a greater pace than all of border states combined. When coast guard ships start being 10kt, larger by a margin from the delhi/kolkota, circumspect is the last word in the dictionary. But as you said, this is not the thread.

Let me point UB/tuvaluan/and other random furriner to the one true fact: pakistan is super green. They will be the first country to meet all their needs with nukular energy alone. No more oyel problems. They will not stop until each pakistani glows green and contributes to the grid individually. Green grass will grow on live and dead pakistanis both.

This oil shortsge bakwas is getting old. No one pays any attention to it. Same with the revenue statistics. Thr fake currency is still flowing. The drugs are bumper crops recently. There is plenty reserves for anything necessary.

Obama does not appear to be serious about zero combat troops in afghanistan anymore. The 2015 timeline gone, the players are adjusting to larger bowl sizes for begging. The contingent is not large enough to merit $$B in CSF. Thus curry-langur will have to pay quarterly.

SSridhar · Post by **SSridhar** » 20 Jan 2015 14:02

Altair wrote:Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?

Where does the SPR of Pakistan exist ? Which caves or caverns?

Altair · Post by **Altair** » 20 Jan 2015 14:11

SSridhar wrote:
Altair wrote:Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?
Where does the SPR of Pakistan exist ? Which caves or caverns?

Theoretically they can buy oil at cheap price and store offshore in oil tankers and they can stay in any port until they bring home at the right time. Each ultra large carrier can give them a week of supply.

Shreeman · Post by **Shreeman** » 20 Jan 2015 14:19

SSridhar wrote:
Altair wrote:Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?
Where does the SPR of Pakistan exist ? Which caves or caverns?

Tanks in Karachi. AFAIK.

chetak · Post by **chetak** » 20 Jan 2015 14:25

Shreeman wrote:
SSridhar wrote:{quote="Altair"}Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?{/quote}
Where does the SPR of Pakistan exist ? Which caves or caverns?
Tanks in Karachi. AFAIK.

They don't have SPR. Tanks like those in karachi are to be found virtually in every port.

or maybe their 3.5 forefathers is their SPR??

Shreeman · Post by **Shreeman** » 20 Jan 2015 15:02

^^^SPR is just a volume. You dont have to use a cavern. PSO is karachi, more or less. The OP1-3 is all the storage there is, except for small time refineries.

Someone or the other keeps wishing IED mubarak to PSO/PRL:

At Keamari PNSC owned/chartered oil tankers carrying imported crude oil berth at the oil piers jetty, wherefrom our vigilant staff at Keamari terminal ensure safe and unhindered crude oil receipt from the tanker into the shore tanks.

K Mehta · Post by **K Mehta** » 20 Jan 2015 15:10

SSji, This letter http://tribune.com.pk/story/824277/poli ... baltistan/ talks of

it will cause religio-political rifts in the region

does it mean shia-sunni or something else?

In the previous elections, from Gilgit and from both the constituencies of Astore, the PML-N gave tickets to candidates belonging to a specific community only, even though these constituencies are completely pluralistic and highly-sensitive along sectarian lines.

So PMLN= Sunni only?

Anujan · Post by **Anujan** » 20 Jan 2015 15:24

So now that nobody seems to be having petrol or diesel in Pakistan, what was the smuggling boat smuggling exactly? They could have made more by hoarding it and selling it back to Pakiland.

K Mehta · Post by **K Mehta** » 20 Jan 2015 15:30

x-posting from PESt watch thread
All this is petrol crisis is happening because of this

Pakistan likely to get $500m loan from IBRD
"Pakistan is expecting to receive $500 million from the International Bank for Reconstruction and Development (IBRD)", said a senior official of the Finance Ministry while talking to The Nation on Monday. However, he added that disbursement of aforesaid amount might take some time.
Pakistan had qualified for IBRD after enhancing its reserves to $15 billion last month (December). The country is now eligible for loans from the International Bank for Reconstruction and Development (IBRD) that would enable it to undertake major projects. The country was required to increase its foreign exchange reserves to three-month import bill (foreign exchange reserves around $15 billion level) for qualifying for IBRD (International Bank for Reconstruction and Development) funding of the World Bank.

It is worth mentioning here that country's foreign exchange reserves fell down below the level of $8 billion in December last year wherein State Bank of Pakistan's reserves were only $2.96 billion. However, the reserves enhanced by almost $7 billion in one year due to rapid foreign inflows in the form of Eurobond, tranches of IMF, loans of World Bank, Asian Development Bank, Islamic Development Bank and auction of Sukuk bond.

According to the latest figures of the State Bank of Pakistan, the country's reserves are $14.94 billion where SBP's reserves are $10.30 billion and Commercial Banks $4.64 billion.

So the government does not want to reduce the FE reserves before getting the next bakshish. Also note how rules are being bent wide for the munna, by including the private banks reserve.

Gagan · Post by **Gagan** » 20 Jan 2015 15:55

Ya Alla, now even African countries don't want to see El-Bakis hain ji?

Gagan · Post by **Gagan** » 20 Jan 2015 16:02

this kind of stuff is better off in BENIS.

I know, these days there's hardly a difference. but please remember not all of our readers are seasoned veterans.
-Rahul

Gagan · Post by **Gagan** » 20 Jan 2015 16:05

Dunno if this should be posted here, but...

Gagan · Post by **Gagan** » 20 Jan 2015 16:07

Another one

Anujan · Post by **Anujan** » 20 Jan 2015 16:09

http://af.reuters.com/article/cameroonN ... FH20141231

Pakistan State Oil (PSO) is skipping January imports of high sulphur fuel oil for the first time and is reducing its overall fuel oil imports in February to March by about 80 percent from a year earlier, sources with direct knowledge of the matter said.

State-owned PSO will import 120,000 tonnes of low sulphur fuel oil in February through March, compared with a total of 715,000 tonnes of both high and low sulphur grades in the same period in 2014, the sources said on Wednesday.

"High sulphur fuel oil is their big demand. They should have tendered for Q1 but didn't - only LSFO," said a Singapore-based fuel oil trader.

Fuel traders said the reduced demand for fuel oil came even as the country faced regular blackouts.

PSO has also sought to defer the December arrival of high sulphur fuel cargoes until next month, traders said.

"The current tender expiring in December is deferred to January," said one of the fuel sellers that sold into the tender for 1.275 million tonnes of fuel oil.

Aditya_V · Post by **Aditya_V** » 20 Jan 2015 16:23

I think except for miltary and rape areas they should cut off power completly. The Paki miltary must them ruthlessly gun down AAM abduls in lacs for protesting

UlanBatori · Post by **UlanBatori** » 20 Jan 2015 16:31

Sorry saar..I atone for this grievous crime..
here you go..some gems from here
Some others in YAWN

May ATM bless u, Birather. As previously noted, YAWN etc are very welcoming of coherent, respectful letters from pious mullahs. They need our support in this Hour of Need. Just don't adopt credenshials of any 3-letter organizations - other 3-letter organizations may come visiting..

SSridhar · Post by **SSridhar** » 20 Jan 2015 16:32

Federal minister accuses Saudi govt of destabilising Muslim world - Dawn

AoA

Federal Minister for Inter-provincial Coordination (IPC) Riaz Hussain Pirzada has accused the Saudi government of creating instability across the Muslim world, including Pakistan, through distribution of money for promoting its ideology.

Addressing a two-day 'Ideas Conclave' organised by the "Jinnah Institute" think tank in Islamabad, the federal minister said 'the time has come to stop the influx of Saudi money into Pakistan'.

He also blasted his own government for approving military courts in the presence of an 'independent and vibrant judiciary' and said that military courts reflect 'weak and coward leadership'.

"Such cowardly leadership has no right to stay in power," Pirzada added.

In her opening remarks, Chairperson of Jinnah Institute Sherry Rehman said that the two-day conference would deliberate upon new ideas needed for a progressive and better Pakistan.

Pakistan Tehreek-i-Insaf (PTI) leader Shafqat Mehmood said the government has failed to address the problems being faced by the common man.

Awami National Party (ANP) leader Afrasiab Khan Khattak expressed regret over military courts and said their establishment 'has eroded democracy'. He called upon democratic elements to play their role in reversing the 21st constitutional amendment.

Muttahida Qaumi Movement (MQM) leader Farooq Sattar supported military courts and said there was no other option to deal with terrorists.

UlanBatori · Post by **UlanBatori** » 20 Jan 2015 16:34

"High sulphur fuel oil is their big demand.

Why? They don't produce enough H2S on their own?

UlanBatori · Post by **UlanBatori** » 20 Jan 2015 16:35

Another issue on which to express STRONG condomnashun:

'the time has come to stop the influx of Saudi money into Pakistan'.

Peregrine · Post by **Peregrine** » 20 Jan 2015 16:51

SSridhar wrote:
Altair wrote:Are pakis smart enough to fill their strategic oil reserve when oil price is low and create cushion when $hit hits the fan?
Where does the SPR of Pakistan exist ? Which caves or caverns?

Altair wrote:Theoretically they can buy oil at cheap price and store offshore in oil tankers and they can stay in any port until they bring home at the right time. Each ultra large carrier can give them a week of supply.

Altair Ji :

Karachi Port has a Depth Limitation of 13 M and a size limitation of 75,000 MT.

As such they cannot use Ultra Large Carriers i.e. ULLC which are over 320,000 MT Size.

KARACHI PORT PARAMETERS

Cheers

vishvak · Post by **vishvak** » 20 Jan 2015 16:52

Gagan wrote:Ya Alla, now even African countries don't want to see El-Bakis hain ji?
[youtube>>]rt3T5l8_kvM[/<<youtube]

We need to start rejecting paki passports too before EVERYONE else does it and then pakis will claim equal==equal since Indians are "different" just as(== here) pakis are "different" because of polio infected jihadis.

Patni · Post by **Patni** » 20 Jan 2015 17:17

I thought pakies were masters at lying to every one and now they have gone one step better and now one arm of paki non-government lies to other part!!

Petroleum Ministry misled ECC on oil shortage: report

According to a report on Sunday, the Petroleum Ministry had informed the Economic Coordination Committee (ECC) in its meeting on January 10 that the country’s oil stocks on an average were enough for 18 days of consumption on January 6.
However, Punjab started facing petrol shortages soon after the ECC meeting. Within days, the situation worsened and petrol stations ran dry with people scrambling to purchase whatever fuel was available at the filling stations.
Pakistan State Oil (PSO) said efforts to cope with the surge in petrol demand were impeded by Pakistan National Shipping Corporation (PNSC), which supplied vessels for the transport of fuel later than the agreed time. A vessel bringing in 52,000 tons of petrol was to be provided for loading on January 2-4, but it arrived on January 10. Similarly, another vessel, which was due to arrive at the loading port on January 5, reached on January 15.
Officials of the petroleum ministry said besides the rise in demand the default on payments for furnace oil had also impacted PSO’s ability to import white oil products including petrol as the company was unable to open fresh letters of credit (LCs) before the clearance of outstanding payments.

On an average, PSO imports four cargoes of petrol of 50,000 tons each every month. In January, however, only one cargo was imported on the 15th and another was expected to be imported at the end of the month.
PSO’s current receivables stand at approximately Rs 200 billion. Out of the total, Rs 176 billion is owed by the power sector.
The breakdown of receivables shows WAPDA has to pay Rs 99.3 billion, Hubco Rs 57.9 billion, Kapco Rs 13.6 billion, K-Electric Rs 3.8 billion and Saba Electric and Southern Electric Rs 579 million.
SOS letters were repeatedly written to the Ministry of Petroleum and Natural Resources as well as the Ministry of Water and Power outlining the PSO’s critical situation. The company defaulted on the payment of Rs 46 billion against the LCs, which resulted in consumption of the company’s credit lines and overdraft limits. Consequently, banks cut PSO’s credit lines, which meant that the company was no longer able to open the LCs.
PSO sought the release of Rs 74 billion on an urgent basis by December 31, 2014 to honour the commitments made to local and international suppliers. The state oil marketing company also had to bear penalties of approximately Rs 250 million on account of delayed payments to banks along with demurrage charges of $1.8 million and supplier’s claim of $6.4 million due to delay in opening the LCs.
PSO informed the government that due to delay in payments by the power sector, the company was unable to import fuel cargoes or continue supplies to the power sector.
On an average, PSO imports three to four cargoes of furnace oil of 65,000 tons each per month.
In January, no cargo of furnace oil was imported and only one cargo was brought in December. As PSO has no furnace oil stock, the government has issued directives that Hubco will now purchase furnace oil from Byco on advance payments with PSO acting as the middleman.

http://cache.pakistantoday.com.pk/Px17-013.jpg