Mehngi Bijli Ke Mehangay Kar Khanay. . 5 Bunyadi Ghalatiyan Kahan Hui?
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00:00The biggest blow to Pakistan's industry is the electricity prices.
00:06We don't have gas, so we need electricity to run the industry.
00:11Electricity, as you can see, is the same news in Pakistan every week.
00:15It's constantly losing money.
00:17Today, if you look at the newspapers, it's increasing by 2.
00:22I don't know how much it's increasing.
00:24First of all, for the common man's understanding, where did the mistake happen?
00:31In 1994, when this policy was introduced, it was introduced by the government of the Pakistan People's Party.
00:38Then I saw another policy in 1998, which was introduced by the PMLN government.
00:44In 2002, when Jalal Musharraf came, he also worked on this.
00:48In 2004, Mr. Shaukat Aziz.
00:51After that, between 2013 and 2018, it is said that there was a heavy influx.
00:57Projects that are now coming into the system.
01:01They don't need it, but they are coming into the system.
01:03You have agreed to pay for it.
01:05So where did the basic mistake happen?
01:07If we can understand 1, 2, 3.
01:10The basic mistake happened when we made this policy.
01:15And its objective was transition.
01:18In any country in the world, the thermal or coal projects,
01:23especially in the areas of Pakistan,
01:27have a transitory period.
01:30After that, you go to your original resources.
01:35And those original resources are the largest hydro in the world.
01:39After that is coal, where locals come more.
01:42And then the third is solar.
01:45When this crisis came into the government of the People's Party in Pakistan,
01:49the original idea was that if we inject 500 megawatts into the system.
01:54In 1994.
01:55In 1994.
01:56And we shouldn't go any further than this.
01:59But when we were injecting it, we didn't have money or whatever it was.
02:04It came to these three countries at that time.
02:06It was also in Bangladesh.
02:08It was also a phenomenon in India at that time.
02:10And it came into Pakistan.
02:12But apart from them, the five things that we did,
02:15that is the fate of Pakistan.
02:17I call it the energy crisis of Pakistan.
02:20This is a black hole of Pakistan's Mediterranean.
02:24In which we have reached the level
02:27that the economy of Pakistan,
02:29the national security of Pakistan,
02:31and the financial viability of the common man of this country.
02:36It is taking it inside like a jinn.
02:39And it is such a jinn that it is not stopping.
02:42If you understand today,
02:44that it has eaten us so much,
02:46and then maybe it will stop.
02:48Because that black hole is so big,
02:50that it will increase day by day.
02:52You see, those things that started with your 200 billion,
02:56have gone up to your 28 billion.
02:58Now what did we do with the five things?
03:00Number one, we did this,
03:02that was in those contracts.
03:04We put the dollar payment model in it.
03:08It should have been in local currency.
03:10Second, we said that if we had gone into the dollar,
03:14then we should have put the dollar cab.
03:16That this is a country whose currency goes towards depreciation.
03:21We should go to it.
03:22We will put a certain amount of exchange rate.
03:24That which was in the beginning,
03:26today it has gone up to 280.
03:28Third, we did this,
03:30that we gave sovereign guarantees in it.
03:32And this never happens in any country in the world,
03:35that if you do a contract,
03:37and it is written in such a way,
03:39that every big contract of Pakistan,
03:41whether it is coming from outside,
03:43whether it is coming from a private or a government firm,
03:45you have given a sovereign guarantee in it.
03:47Next, you did another injustice in it,
03:49that the jurisdiction of these contracts,
03:52you made it outside the world.
03:54That you said that our country's law will not apply,
03:57but if arbitration comes,
03:59then after that we will go outside and do it.
04:01And the fifth thing,
04:03that we did the biggest injustice in it,
04:05that the transitory period,
04:07which was for this purpose,
04:09and in which in 1998-99,
04:11in PMLN government,
04:13Saif-ur-Rehman had also asserted on it,
04:15in this matter,
04:17we went ahead while running the same policy.
04:19The next thing was its fixed profit.
04:22The first contract we did,
04:24we did it on 16%.
04:26In 2014, we did it on 20%.
04:29And when we put all these things in front of them,
04:32then there were five things in it,
04:34that we should do.
04:36The number one was,
04:38it had foreign direct investment.
04:40Till today, its investment has not been audited.
04:42The second was its heat audit,
04:44that the thing you are bringing,
04:46what is its capacity.
04:48The third was your oil audit,
04:50as you have seen,
04:52that their capacity should be reduced day by day,
04:55but their money is paying you the same way.
04:58Then it was your financial audit,
05:00that how much tax do these people pay.
05:02You go and see their cases.
05:04In some places, their cases are not going on,
05:07to go into that thing.
05:09And finally, it came in that,
05:11that a connivance came,
05:13and that connivance of your kickbacks,
05:15that when you, what is the job of the state,
05:17or what is the job of the state institutions,
05:19that they protect the state,
05:21or the citizens of the state.
05:23If they don't protect it,
05:25if it doesn't get out of its responsibility,
05:27then it is either your intellectual and professional dishonesty,
05:31or its kickbacks.
05:33And that kickback is going on,
05:35that you see,
05:37that from 1994 till today,
05:39the ministers will defend it.
05:41No power minister will ever tell you,
05:43that when they will be out,
05:45they will say,
05:47no, no, it should be revisited,
05:49it should be done.
05:51I understand, that the people who are speaking on this name,
05:53that these are sovereign guarantees,
05:55the issue of Rekodek was something else,
05:57this is not the matter of Rekodek,
05:59or Karke,
06:01the issue here is,
06:03that if the same contract that you have given,
06:05in that, the five orders that I have mentioned,
06:07get them to do independent orders,
06:09and in that,
06:11the first arbitration is your local,
06:13the first one that you mention,
06:15that what happened was,
06:17that our local arbitrator decided against us,
06:19and they took that and went out,
06:21and from outside,
06:23let us move forward,
06:25I will...