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Archive for category Nawaz Sharif :Abbaji Da Nikama Puttur.”

Here’s a Comparison of Spendings & Profits From Motorways During PTI & PML-N Govts

Here’s a Comparison of Spendings & Profits From Motorways During PTI & PML-N Govts

By 

Haroon Hayder 

 

 

The incumbent federal government led by the Pakistan Tehreek-e-Insaf (PTI) has significantly reduced the cost incurred on the development and maintenance of highways and motorways and increased revenue generated from them in comparison to the PML-N government.

According to the data issued by the Ministry of Communications and Works and the National Highway Authority (NHA), since 2018, the PTI government has spent Rs. 172 million on the construction of new four-lane highways which is 138% less than the Rs. 411 million spent by the PML-N government.

Since 2018, the PTI government has spent Rs. 385 million on the construction of new four-lane motorways which is 53% less than the Rs. 606 million spent by the PML-N government.

As for the maintenance and rehabilitation of highways and motorways, since 2018, the PTI government has spent Rs. 53.1 million per kilometer which is 51% less than the 80.1 million per kilometer spent by the PML-N government.

Since 2018, the PTI government has generated Rs. 184.14 billion from the highways and motorways which is 125% more than the Rs. 81.78 billion generated by the PML-N government.

Note that these figures of the PTI government are for three and a half years from 2018 to mid-2021 and for the five years of PML-N government from 2013 to 2018.

Meanwhile, Prime Minister Imran Khan has also lauded the Ministry of Communications and Works and the NHA for saving the taxpayers’ money through transparency and digitization despite global price hikes and inflation.

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Archive Article: How Pakistan was Sold for $8 Billion!

 

 

 

 

 

 

ARCHIVE ARTICLE

October 2011

Pakistan Sold for $8 billion?

By

Dr Shahid Qureshi

One can safely say that current ruling Pakistani elite including political, civil, business and military have sold Pakistan as much as for roughly $8 billion worth of assets abroad. This rough estimate is based on the available figures of two leading figures in Pakistani politics Nawaz Sharif & Brothers Limited and Zardari & Co Limited who have properties and assets abroad mainly in the USA, UK, Europe and else where.The others are Chaudhry brothers of PML-Q, ANP leader Asfandyar Wali, Rehman Malik and others also have assets abroad. British national and self exiled MQM-A leader Altaf Hussain is also part of political sharks in terms of assets abroad.The foreign assets of other politicians like Imran Khan and religious parties are not yet reported. But one can not rule anything out. One thing is common among almost all Pakistani politicians and Generals is that all of them have their children or grand children living, studying abroad with foreign nationalities or married to foreign nationals. Hypercritically those who shout the loudest against the US have send their sons and daughters their too.There is another class who has assets abroad and that is members of civil, military establishments and corrupt business elite. They are the protectors of the assets of these politicians. They teach them the tricks of ‘sophisticated bank robberies’, wiping out their bank loans, taking commissions from international firms and safely depositing them abroad. There is a tiny minority in Karachi, who is ready to serve any one and every one in terms of money laundering, playing with the currency exchange rates and provides help in the flight of capital out of Pakistan. They place their members on high positions in the disguise of ‘great community workers’ but in actual fact these people are responsible for funding terrorism and gang warfare in Karachi to all sides. They act as a bank for enemies of Pakistan. Their media channels follow the lines of the enemies of Pakistan in media and psychological warfare. They are the champions of flourishing of ‘black economy’ in Pakistan. That is why we find them in almost each and every financial scandal in the known memory of Pakistani corruption.Most of the above got these properties and assets by robbing Pakistan and selling its sovereignty. The so called business community of Karachi is at the fore front in facilitating the flight of capital abroad and later investments in their projects. They are in the ‘gold circle’ of the current regime and so called elite.They are the real gangsters and worst than target killers. After reading most of JIT (Joint Investigation Team) reports of target killers from Karachi one can safely say these are the poor people living in deprived areas killing around innocent people on the orders of shady elite living in posh areas with guards in big mansions. One can find this so called business community in all shady deals and working as bank for any one and every one especially the nasty neighbours.In London they have readymade business plans for Pakistani crooks and cons with money. Some of them regularly attend religious gatherings and give large sums in charity to get credibility among the clerics. Without knowing the source of the money some clerics do special prayers for them. Some of them are notorious for frequently doing ‘bankruptcies’, insolvencies as well as running special religious TV channels. Well money can buy you anything? That is how they get their people placed on the influential positions with access to sensitive information.This is the small minority of people has held Pakistan hostage to the foreigners just to protect their assets, properties, foreign nationalities and green cards. The freezing of assets of Arab leaders after the Arab spring in the past few months should be a wake up call and lesson for others? The lesson is your money is safer in your own country than a foreign plastic platinum card in your back pockets.   Bashing of Pakistan’s military both as an institution and its generals for both right and wrong reasons is quite fashionable. Pakistan’s military and nuclear assets are the main target of the enemies and so called friends. Pakistan’s army is a voluntary force; everybody can join the army and may be after the 30 years of service an officer become a general, others retires as they go along their careers.“The personal wealth of Pakistani generals is estimated at £3.5m a head’, according to The Guardian’s report, “The plot to bring back Benazir” published on 21st July 2007. The musical chair of politicians and military is harming the existence of Pakistan. The elite of Pakistan are institutionally corrupt and now become an organised ‘mafia’. Scandals of ‘steel mills’, sugar mills, cement; stock exchange has broken the records of previous corruptions. The culprits are from both opposition and ruling party.Few years ago Zardari – Benazir Bhutto assets worth more than $ 2 billion according to Saifurahman and according to NAB figure are around $1.2bn [£ 830m]. Raja Bashir of The Pakistani National Accountability Bureau told The Guardian that, “Ms Bhutto has 26 bank accounts, 14 properties and total assets of one billion sterling pounds abroad. We are very glad that other countries are cooperating with us.”On March 2, 2006, The Dawn newspaper reported that Benazir’s assets in Spain ‘unearthed’, The National Accountability Bureau claimed to have unearthed two more offshore companies and a villa in Spain owned by former Prime Minister Benazir Bhutto. A spokesman of the bureau said that judicial authorities of Spain had frozen assets of two Sharjah-based companies, Petroline and Tempo Global Gains, as well as their six bank accounts.The villa worth half million Euros, allegedly owned by Ms Bhutto and her three children, Bilawal Zardari, Bakhtawar Zardari and Asifa Zardari in Playas Del Arenal, Marbella, had also been seized by the High Court of the Valencia province, the NAB claimed. The NAB official said the Petroline Company was owned by Ms Bhutto, former FIA director-general Rehman Malik and Hassan Ali Jafferi and was established in 2000.Nawaz Sharif had no connection with the feudal elite. His family moved from Jati Umra near Amritsar and by 1960 they owned a few modest size factories – iron foundry, ice making, and water pump factory.Some how Mian Sharif managed to reach General Jill, as General Ghulam Jilani Governor of Punjab in General Zia’s regime He literally begged to give a break in politics to Nawaz Sharif. That is how he got into the military’s chicken farm and his factories started laying golden eggs.  Nawaz Sharif was appointed as finance minister of Punjab in 1983.  In 1981 the family business group Ittefaq turnover was Rs. 337 million, but by 1987 it had soared to at least Rs. 2,500 million, that is according to the group’s own accounts. Within four years Ittefaq had become one of the wealthiest private industrial groups in Pakistan. ‘Hard work and grace of Allah’ explained Shehbaz Sharif. One can imagine the miraculous growth in the assets of billions now. Investing in politics is not bad business at all in Pakistan.

 

 

 

 

 

 

According to Asia Week, Rehman Malik current Interior minister and key holder of Zardari’s safe produced 200-page report of MNS’s corruption. The secret document was leaked to the London-based Observer newspaper published details of alleged corruption involving the MNS and his family. According to the report, the Sharif family obtained loans from Pakistani state banks for business purposes and illegally converted the money into foreign exchange worth at least $66 million.According to the report, the Sharif family acquired properties in London through two companies, Nescoll and Nielsen Enterprises, registered in the British Virgin Islands and linked to a bank account in Lahore in the name of a fictitious person: Suleman Zia. The four flats in Avondale House in Park Lane are said to be worth at least £ 750,000, which worth millions of pounds keeping in view the current housing market in London. Not a bad deal!What clinched the appointment for Nawaz Sharif as PM was a word to the presidency by the then ISI chief Lt. Gen Hamid Gull, that the army believed he was a better choice. General Hamid Gull now regrets his misjudgement. Subsequently the President also dismissed him. Nawaz Sharif’s problem was power: a pathological crass compounded by crass incompetence. Nawaz Sharif also seemed to be an ungrateful person. He did not feel any obligation towards president Ghulam Ishaq Khan, nor did he ever say ‘thank you’ to General Hamid Gull’.The smart business minded ‘Abbaji’ late father of Nawaz Sharif invited General Asif Nawaz to his Lahore residence. After a fatherly ‘tête-à-tête’, Abbaji told the new army chief that he was like his son and requested him to take his two sons Nawaz and Shehbaz under his wings: and also told the ‘children’ that they must follow and never disregard the General Sahib’s advice. And one last thing Abbaji said to the General Sahib, as he came to see him out off at the porch of his house, ‘my both children have a Mercedes each, and here is the key to yours; you are like a son to me.’It didn’t work with General Asif Nawaz, he felt offended and therefore, instead of being able to buy the General, Nawaz Sharif had instead lost his respect too.“I sent Ghous Ali Shah to gave a lift home to General Musharraf and inform him that he has been deposed in absence said Nawaz Sharif while addressing a meeting in Manchester in July 2007. How intelligent was to promote engineering corp’s, Kashmiri, General Zia and decorate him with the badges purchased from Sadar Bazar Rawalpindi, MNS must be thinking in his spare time? Majeed Nizami editor of the Nawa-e-Waqt a closest ally of Nawaz Sharif had to remark that they used to regard Benazir Bhutto as a ‘security risk’, it seemed Nawaz Sharif was a greater security risk. He was indeed the worst thing that had happened to Pakistan since independence. Whether it was money, morals or security, the nation found it difficult to trust him. His recent speech at SAFMA attracted lot of controversies. MNS don’t believe in reading and learning?It is interesting that when Pakistani soldiers and Kashmiri freedom fighters were battling against the Indian army on the freezing heights of Kargil, Nawaz Sharif’s business proxies were selling sugar to India . India did not need to import any sugar and yet if Vajpayee had accepted to buy Pakistani sugar it was only to sweeten his relationship with Nawaz Sharif.It is highly significant that when the Kargil crisis broke out both George Fernandez and K S Sudarshan, the former a socialist and India’s defence minister and the later leader of BJP militant wing RSS themselves exculpate Nawaz Sharif of any blame. If the Indians were trying to protect Nawaz Sharif, they must have had very good reasons to do so. It is this selfish and opportunist behaviour that made these leaders make decisions against the interests of Pakistani state? Take the example of US aid to Pakistan and kind of work these people agree to do in return.  More recently angry and sarcastic attitude of Nawaz Sharif against the military is deplorable, when thousands of soldiers have lost their lives while his sons and nephews are doing multi million dollar businesses abroad. Pakistani politicians including Nawaz Sharif can only have moral high ground on others once they prove themselves. That they look after Pakistan’s national interests more than their personal wealth hidden abroad. They don’t take decisions which harm the interests of Pakistan just because their assets could be frozen abroad.The US aid to Pakistan has actually proven to be a ‘rip off and fraud’ by financial terrorists of Wall Steers.  There is no doubt that US has caused more than $70 billion losses to Pakistan since 2001. On the other hand only aided/lend or both $22.87 billion from 1950 to 2010. Most part of that aid actually never arrived in Pakistan as it was paid to your defence and military complexes back in the USA.  This rip off could only be possible if people mentioned above have prostituted themselves for personal interests.  Breakdown of US aid as reported:Total US Aid: $22.87 billion in 60 years & losses to Pakistan: $60 billion1950-1964     2.5bn economic and 500 m military aid1965-1979     2.55 billion economic and 26 million military 1980-1990     5 billion military and economic aid 1991-2000     429 million economic and $5.2 million military 2001-2009     3.6 billion economic and 9 billion military 2009-2015     7.5 billion approved under Kerry Lugar Bill aid mostly non military ($1.5 billion per year)Almost all the regimes of Pakistan have been prostituting with the enemies by deliberately harming the state of Pakistan and following IMF agenda e.g. gas and electric shortages to destroy the industrial infrastructure, Railways and Pakistan Steel. They have ignored the risks and challenges concerning the US lead military occupation of Afghanistan and drone attacks on Pakistan. Pakistan has suffered approximately $70 billion economic, human losses, structural damages to roads and bridges deployed more than 147,800 troops conducting combat operations in the tribal areas along the Afghan border. The Pakistan armed forces has lost more than 3,200 soldiers, with another 6,400 injured. They sustain an average of 10 casualties each day, and approximately 35,000 Pakistani civilians killed by suicide bombers and terrorism.  US policies around the world and especially in Pakistan created refugees and approximately 2 million internally displaced people (IDPs) in SWAT and FATA to further destabilize the country. Millions of people in Pakistan are waiting to be fully rehabilitated; 2.5 million Afghan refugees are a burden on the economy of Pakistan as well as causing social problems. They can’t go back to Afghanistan as US and NATO have occupied Afghanistan and fighting an unwinnable war.One can assume that Pakistani nation suffered both human and financial losses only because this small minority of people have their few billion dollars worth assets in USA, UK, Dubai, Malaysia and Europe. If current regime and political stake-holders in government really sincere with Pakistan, they should bring their money back to Pakistan. They can enjoy their wealth and it will be safe and unfrozen.A bird (dollar) in the hand is much better than two (dollars) in the Bush(land).

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PML(N) govt pays $50 billion mark-up on loans in 4-years

A special brief report by J. Choudhry/Editor Corporate Ambassador. This report is based on the data of the Ministry of Finance, posted below. It makes clear each and everything.

2016-17 budget

Can you believe it that this country of poor had paid $50 billion worth mark-up on loans obtained from the domestic and foreign institutions in the last four years, from 2013-14 to 2016-17? According to the Finance Ministry’s budget reports, in 2013-14 the PML(N) government spent $12 billion (Rs 1147.8 billion) on payment of mark-up against domestic and foreign loans. In 2014-15, another $13 billion worth amount (Rs 1303.7 billion) spent on payment of interest on loans, whereas, in 2015-16 the payment of mark-up on loans amounted to about $12.40 billion (Rs 1263.56 billion). In the last financial year, 2016-17 (ended in June-2017), the PML(N) government spent another $13 billion (Rs 1348.43 billion) for payment of mark-up (sood/usury) on loans.

 

Thus in four years of PML(N) government, the country has spent a massive amount, equal to $50 billion on the payment of mark-up. It does not include the amount spent on repayment of loans, domestic and foreign. In last four years, the government had obtained about $58 billion worth loans, mostly from the domestic resources —- domestic banks and State Bank of Pakistan while foreign lenders like IMF and others did not provide a big amount of money for budgetary support.

2014-15 budget1

2012-14 budget1

stock exchange loses 12,000 points

Pakistan Stock Exchange has suffered massive losses in recent months and the PSX-100 index had skipped to about 40,237 points on Oct 12, 2017, from 52,000+ points on May 16, 2017, and 53,000+ points in Jan-2017. Increased political tug of war in Panama case and after the disqualification of Nawaz Sharif that things have worsened on the economic and political fronts in the country. The PML(N) govt has deliberately ruined the economic stability perhaps to take revenge of Panama case from Pakistan and Pakistanis.

Foreign exchange reserves of Pakistan have also declined by more than $4 billion since Nov-2016 when reserves stayed above $24+ billion and now at below $20 billion. Table of forex issued by State Bank of Pakistan is posted below.

Forex down $4.26 billion

Posted on  by Javed Mahmood (J. Choudhry) _ Editor Corporate Ambassador

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 The Strategy of Madness by Saeed A. Malik.

 The Strategy of Madness.

Saeed A. Malik.

Although Machiavelli did advocate that a Prince may sometimes profit by playing mad, I can only think of a couple of times this strategy was actually employed.
The first time it was used was by Richard Nixon during the Vietnam War. He told Melvin Liard to let the word out so that it gets to the Russian and Vietnamese leadership that the U.S President harboured such extreme hatred of communism, he could be expected to do just anything to end the Vietnam War. He wanted it bruited about that it was not beyond him, in a fit of madness, to order a nuclear strike on both the countries! He believed that if played properly this could induce both the Russians and the Vietnamese to come to the table and to end the war on U.S terms.
Melvin Laird, who was Nixon’s secretary of defense at the time, was then ordered by Nixon, to lay out plans which would give credibility to this “Madness”. But he chose to put off giving shape to any such plans by one excuse or another. He thought this strategy was too “crazy” and dangerous and could lead to a nuclear war.
But Nixon insisted, and in Oct 1969, US bombers, loaded with nuclear warheads were ordered to fly along the borders of USSR. And for three successive days, they did this.
No one is certain about the degree of fright these manoeuvres created among the Soviets, but nothing much came of them.
But the next time this strategy was employed, it did create an immense amount of fright. This was when Zulfiqar Ali Bhutto, then under arrest and knowing his quarters were bugged, began issuing fusillades of invective against Zia ul Haq and his generals, enumerating all the nice things he would do to them when he returned to power.
By this stratagem, Bhutto did succeed in generating some serious fright. Serious enough to get himself hanged!
And now we are seeing Mian Nawaz Sharif, egged on by his brilliant daughter, taking a leaf out of Bhutto’s book and running with it.. Whether the result he achieves is going to be as brilliant as the one achieved by Bhutto, one cannot predict at the moment. But one can clearly see where he is headed.
He has decided that being the lion that he is, it best behoves him to roar and to keep on roaring until the roar flattens out into a bray. And he seems to have arrived at the felicitous conclusion, that without him, Pakistan stands to lose all meaning. Thus, if he cannot have Pakistan all to himself and his brood, Pakistan would be better off as a heap of rubble.

So far his crowning achievement is the tattering of a political party built of three decades of loot and plunder.

The only thing more pathetic than

Nawaz Sharif is his sorry remnants of slobbering court jesters, making excuses for him and trying to put Humpty
Dumpty

together again.

 And then there is Chaudhry Nisar–sulky little Jack Horner…the sole carrier of the flag of integrity in the late lamented PML-N…the symbol of loyal service to the party. So loyal in fact, that he has proudly confessed to advising Nawaz Sharif at every turn, of how to make away with the wealth he stole from the country he pulverized and pauperized, and therefore to escape the just deserts coming to the plunder king of a ravaged land. 
But luckily for Pakistan, whatever be its plight, Nawaz Sharif’s last attack on the state and its army seems to have put public support decisively behind the army. 
Most writers and nearly all the anchors have given to cutting him slack, have either genuinely turned, or seem too embarrassed to help him along with their usual platitudes of mercenary support. Perhaps Pakistan will see better days yet. 
Perhaps the process of accountability now underway will be an across the board process, and proceed from top to bottom, because the poor bottom, having been buffeted so long and so mercilessly, is now in a truly sorry state and needs some relief.

Saeed A. Malik. 

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Of New Islamabad Airport

Incompetence is the Hallmark of the Corrupt Nawaz Sharif PML-N Government


Of New Islamabad Airport

Brig Rashid Wali Janjua

First visit to Islamabad Airport. Today was my first visit to the new airport as I was travelling to Karachi via PK 309. I started from Chaklala Scheme III at 16.45 hrs and reached the airport exactly after one hour of travelling on a Sunday when the traffic on Peshawar road and GT road was quite light. As we approached the airport the sight of wide approach road was reassuring. Suddenly I found a big queue of vehicles at two checkpoints which created a jam. So despite new facilities the ubiquitous traffic jam issue remained as it was on old Benazir Bhutto Airport. The new building of the airport presented a grand and spruced up look. Here at least was an international standard airport at Islamabad. As I entered the airport I beheld the red granite floor. While standing I closely examined and found chipped off edges of granite slabs, which was quite surprising as it indicated a poor workmanship. Apparently in hurry someone had compromised on workmanship. The queue for boarding pass was a horror story however. Quetta bound passengers were milling around all counters raising noises and entering in heated debate with the PIA booking staff. A plane bound for Quetta was diverted elsewhere and the Quetta flight now was at 11 pm. There was shortage of booking staff and the overworked and harried booking staff battled frequent internet breakdowns and communication problems. A seasoned staff member confided in me that due to sudden inauguration many services could not be fully developed a d especially communication equipment shortage like walkie-talkies etc was hurting the smooth operations. When I reached the booking gentleman he kept fidgeting with my ticket and his computer for good 15 minutes. After that he told me that since my ticket was economy premium and that the plane had been changed there was no premium economy and that I should contact my booking agent to upgrade my ticket to business class. The News was frustrating yet I went to another staff member and explained the problem. My travel agent meanwhile told me that since PIA ha changed the airplane to a 777 and failed to inform we needed to upgrade the ticket. I acquiesced. While this was being done suddenly the ticketing system went down with internet issues. Meanwhile I heard loud shouts by Quetta passengers who had started getting violent due to frustration. There were few counters and all overloaded with frequent computer breakdowns. Complete mayhem with harried looking booking staff and clueless coordination gentlemen presented an anachronistic scene for a newly inaugurated airport. Now when my ticketing issue was sorted out I was directed to finance desk to pay some amount. I moved around but found the finance guys absent! If I thought this was hilarious more was yet to come. The finance guy was frantically called on internet call bit the signals went down and no contact. Flight departure time meanwhile was approaching close and I was getting restless. After a tense wait of 15 minutes the cash guy sauntered in and I explained my requirement. He made few calls to get the right information as he was not aware of the ticket change dues payment procedure. After wasting a lot of time he finally informed me that there were no extra charges and that I could go. Relieved finally I dashed for Gate B1 to be precise for my inaugural flight from Islamabad Airport. After a lot of escalator movements we reached at the gate expecting to be led to the pedestrian bridge. No such luck however and this takes the cake. At the gate a forlorn yet spirited ASF guy informed us that we would have to wait for a bus to take us to the plane. I asked,”Where is the pedestrian bridge?” He replied matter of factly,”Sir, the pedestrian gate could not be operated as the Civil Aviation guy has gone away with the Key”. The passengers despite their discomfiture burst into guffaws. At least there was some redeeming feature in this disorder. Our flight took off 3xactly an hour late, nothing wrong with that since by PIA standards that was perfectly normal. 
Amid all this turmoil on the airport especially on the booking counters, there was one gentleman with the name of Harish Kumar and two ladies Maria and Bushra on the counters who were a picture of equanimity and handled all irate passengers with professional courtesy and a cool head. One felt for those nice souls caught up in an impossible situation. The overall impression was such that as if someone had deliberately conspired to create confusion on the airport.
I appeal to all concerned that if due to electoral expediency the premature inauguration was necessary all facilities and requisite should have been provided at the new airport. My humble suggestion is to suspend operations there for few months to get the complete staff and facilities operative and the flight operations are conducted from the old airport till then.

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