Archive for February, 2012

Dr. Manzer Durrani

PAKISTAN THINK TANK COMMENTARY BY KHURRAM SHAIKH

“Any nation that does not honor its heroes will not long endure”– Abraham Lincoln

The septic regime of Zardari is utilizing corrupt journalists and media men to bash Pakistan Armed Forces. The Armed Forces Bashing “Dengue” has become highly contagious, because, it is being used as a means to attract wider audience in viewing and readership.

Journalists in Pakistan have a poor reputation. Although, leaving aside, Dr.Shahid Masood, Talat Hussian, Fahd Hussain, Kamran Khan, Dr.Moeed Pirzada, Kamran Shahid. and a handful of others, most are vulnerable to be bought and sold to the highest bidder. These days, a few countries have opened their deep pockets to feed the journalistic carrions in Pakistan. These journalistic prostitutes will sell their body and soul to the highest bidder. Recently, a ranting and raving so called rotund so called senior journalistic “hack,” let loose a barrage of filthy oral sewage loaded language against Ahmed Noorani, a Jang reporter. This was no surprise. Most of these journalistic hacks are in the “Amen,” corner of foreign agencies, who keep their wallets lined with dollars and pounds. For example, Nazir Naji, a corrupt to the core hack, acts as if he is the Yoda of Pakistan. Pakistan Army bashing has become a fashion and a mark of intellectual prowess.

Pakistan Armed Forces are acting impotent in front of such harsh and gratuitious journalistic treason. The inept silence of armed forces leadership can be blamed on the top. Gen.Kayani has shown lack of resolve to protect the reputation of Pakistan Army. Both, Gen.Kayani and Shuja Pasha are in awe of Uncle Sam and its minion. This has created tremendous resentment in the rank and file of soldiers, sailors, and airmen.

Pakistani people must wake up fom their somnolence, the nation’s defence establishment is being deliberately targeted from within by columnists, like Ayaz Amir, Nazir Naji, and Imtiaz Alam. These men have a vendetta towards Pak Armed Forces. It is well within the realm of possibility, that foriegn powers may be encroaching them to lose their sense of balance and fairplay, at the expense of the nations security. Nations are like children, if we keep abusing them, they disappear.

Spotlight article by Adnan Gill

Honour thy heroes

Adnan Gill
Monday, February 27, 2012

Prime Minister Gilani changes his statements more often than other politicians in Pakistan. The latest change is his criticism of the Pakistani military. From the politicians to the so-called liberals to the anchors of the umpteen TV shows, they all believe that criticism of the military makes them intellectuals.

The reality about the military belies the critics. Whenever duty called, the sons and daughters of the soil did not hesitate to lay down their lives for the defence and honour of the nation. Instead of demanding rewards or concession for the soldiers’ sacrifices, their families take pride in the ultimate sacrifice their loved ones offered for the nation.

But if the critics would have their way, they would give no credit at all to the military. TV anchors frequently cook up unsubstantiated threats from the military, never missing an opportunity to malign the armed forces of Pakistan. But they don’t mind the extremists blow countless innocent civilians into smithereens.

Every time Pakistan faced a natural calamity, who pulls out the dead from destroyed homes and rescues millions of people during the disaster? While Mr Zardari went on vacation and Mr Gilani visited fake camps, it was the military that was taking care of the injured during the floods. Similarly, politicians like Maulana Fazlur Rehman, who never lifted a finger to help people in calamities, is now shamelessly criticising the military, accusing it of consuming the largest chunk of the national budget. But he is the same person who destroyed the banks of a water channel to save his own properties, and in the process drowned his poor neighbours.

The critics of the military need to realise that members of the same military they all love to bash are tied down in fighting the monsters created by others. It was Naseerullah Babar of the PPP who created the Taliban, and it was the PML-N government of Nawaz Sharif which allowed fundraising for the terrorists by installing donation boxes at every street corner for the so-called Mujahideen.

The critics never talk of the glorious victories of the Pakistani military, like those in the Rann of Kutch and Chawinda. They never mention how the Pakistani air force dominated the skies in wartimes and kept at bay the Indian air force, which is four times the size of the PAF. How many times have they recalled the exploits of PAF aces like M M Alam, who in a single minute shot five Indian warplanes out of sky? If they took pride in their military and bothered to look for them, there are plenty of examples of the valour and courage of the members of the Pakistani armed forces.

Unfortunately, unlike Indians who count even their defeats as victories, we don’t even take credit for our victories. The defeatists tirelessly cite the loss of East Pakistan as an example of the military’s defeat at the hands of India. To begin with, it was a national tragedy and not a defeat of the military. By all accounts, antagonisation of the Bengalis was initiated by politicians like Zulfikar Ali Bhutto. But it was the vastly outnumbered military that paid with their blood for the sins of the greedy politicians. Pakistani officers and soldiers were prisoners of war in India after the tragedy of 1971. Interestingly, not one politician became a PoW. Today, some politicians shamelessly boast about their own time spent in jail and want to be rewarded for that. On the other hand, not a single soldier ever demands the smallest compensation for having put his very life in danger for the protection of the country.

Without a doubt, there are a small number of senior military officers whose greed got the best of their values. But the overwhelming majority of officers are honourable and brave men and women, who are ready to sacrifice their lives at a moment’s notice. Shame on the critics for maligning the military, while they themselves, at the first sign of trouble, run away from the scene in their bullet-proof cars. If the critics believe the military is only a burden on Pakistani society, then they should have a parliamentary resolution passed to get the sole functional institution of Pakistan disbanded. Or else they should give it its due honour.

The writer is a freelancer.

Dr. Manzer Durrani

Why Iran is showing a nuclear brinkmanship in the background of severe sanctions and threat of an all-out attack from Israel or US or both?

Nobody in the West has the answer or at least they pretend they do not have the answer. Remember the seventies, when Pakistan was on the same path and never announced their milestones (with the exception of renegade AQK’s one interview with Kuldip Nayyar in early eighties ) but never showing or telling anything how many centrifuges they had installed each quarter or each year and how much enriched uranium they processed for military and non-military use. All there was speculations, some wild and sometimes educated guess work. Thanks to India they also helped in a way to belittle Pakistan capabilities even mocked their scientist capacity to develop nuclear weapons.

No country has ever volunteered nuclear information ever.

Iran, on the other hand, announces its progress and shows off its centrifuge facility production floor where Ahmadinejad under the glaring lights and television cameras opens the box of centrifuge rods to the utter amazement (or horror) of western viewers and discuss the details of Iran enrichment levels. He doesn’t conceal the fact that Iran has enriched uranium at levels of 5 % and 20 % (and who knows if they have already achieved 95%). Iran also discloses routinely (for western government consumption) how many new centrifuges it has in its possession and when they were assembled.

But more surprising is Ahmadinejad’s many declarations in last many years about precisely what Iran intends to develop, assemble and enrich, and when even where. This is a big propaganda blitz. One might ask why Iran is so public about its nuclear program. Why, for instance, it has not adopted Pakistan’s policy of nuclear ambiguity at least through its crucial stage of the enrichment development? The answer could be that Iran simply does not want to do so.

West (US) or Israel does not know for sure if Iran has decided whether to develop a nuclear weapon. But why hasn’t it decided? If it has no intention of producing such a weapon, then what’s all this brinkmanship about? And if Iran does really want to develop a nuclear weapon, why is it waiting? United States and Israel look at Iran through their own lenses and it is clear their “think tanks” write so much about Iran in excruciating details but still understand next to “nothing” about Iran.. Why is that?

But if sanctions are truly crippling Iran’s decision-making process, then there’s no reason to attack its nuclear facilities. Keeping the sanctions in place permanently would be enough to deny Iran such an endeavor. The sanctions might even be lifted at some point, so long as the US threatens to reinstate them should Iran risk a change in policy.

Yet the answers to all these questions is deeper than US or Israel thinks. It’s hard not to acknowledge Iran’s diplomatic successes over the past decade. Thanks to America’s occupation of Iraq, Iran managed to come across as Iraq’s patron. It also functions as Syria’s strategic backer and via Hezbollah, it controls Lebanon’s domestic affairs. It invested considerable funds in Afghanistan, and has worked with Pakistan to get help on a wide range of nuclear affairs in return for gas pipeline project. It recently offered to help Egypt bolster its economy, should the United States decide to freeze aid to Cairo; and in Egypt, there is very vocal support for such a relationship with Iran.

Iran also maintains close relations with Turkey, Qatar and several North African countries.

And Iran does care about about an ally’s Sunni or secular character, either and is not motivated by the creation of Shi’ite coalitions or by Islamic revolutions. This is purely US and Israeli propaganda. They are aware that Sunni states are wary of dealing with Shi’ites, and also that (Sunni) Islamic thinkers and leaders loathe the Shi’ite movement, which is regarded by many of them as outright apostasy. Iran’s calculations to project itself on the international scene are not spiritual; they are strategic and very rational in nature. Many observers, including the chairman of the U.S. Joint Chiefs of Staff, General Martin Dempsey in his interview with CNN is testimony of this fact.

Iran also is content with strengthening its regional status. Its major success involves the way it manipulates Western powers’ foreign policy with respect to China and Russia. Iran stirs up disputes and diplomatic confusion between Israel and the United States, which opposes an attack on Iran. The irony is that no country or coalition from the West wants to put Iran to the test, particularly not at a time when the overriding goal (as it seems) is to engage in a nuclear dialogue with Iran.

In this way, Iran has shown (in the short term) that it has no need for a nuclear bomb in a hurry. It has been enough for Iran to simply demonstrate its capacity to develop unconventional weapon. Such a capacity has transformed Iran into a regional superpower able to manipulate the positions of countries around the world. Iran isn’t in a hurry to cross the line between having the potential to manufacture a bomb and actually producing such a weapon. It might never cross that line. Why should it furnish the West with a pretext to attack or impose more sanctions against it? Even possessing few nuclear weapon Iran is not stupid to attack Israel

As things stand, Iran so far has achieved its goals without needing to stockpile nuclear bombs in its arsenal.Which is ideal, as far as Tehran is concerned. Iran has attained optimal deterrent power against Israel through its tough diplomacy and brinkmanship. The bottom line is: Tell your enemies what you’re capable of doing to them, should you choose to do so, and wait for them to embrace you. That was US policy with China in sixties and seventies and look where China is and where is America.? India was Soviet’s lackey for fifty years and today America has embraced India and opened the floodgates of technology and weapons to destabilize the whole region, isn’t it?

Dr. Manzer Durrani

Satyam, PwC Agree to Pay USD 17.5 Million to Settle the Dispute with SEC

The unfortunate saga of India’s IT outsourcing giant Mahindra Satyam (Satyam Computer Services) has taken a new turn. After reporting a record loss of Rs 130 crore for the fiscal year ended the previous March since the biggest IT fraud was uncovered by the ex-chairman of Mahindra Satyam, a new deal has been struck between the newly formed Mahindra Satyam and its former auditor PricewaterCoopers (PwC) to settle the dispute by paying an amount of USD 17.5 million to the US Securities and Exchange Commission (SEC).

Out of the total settlement fee of USD 17.5 million, Mahindra Satyam will shell out USD 10 million while India-based affiliates of PwC will contribute USD 7.5 million.

Responding to the news, Cheryl Scarboro, Chief of the SEC’s foreign corrupt practices act unit, claimed, “The fact that Satyam’s former top officers were able to maintain a fraud of this scale represents a company-wide failure of extreme proportions”.

Though the SEC lambasted the PwC of allowing the manipulation of fake inflation of actual assets of the company, the latter has reportedly refused to admit the allegations levied by the SEC and further, stressed on upgrading the audit practices followed in the company.

Satyam Chief Admits Huge Fraud

Adeel Halim/Bloomberg News

Ramalinga Raju, chairman of Satyam Computer Services, resigned Wednesday after disclosing he had systematically falsified accounts of the giant outsourcing company.

By HEATHER TIMMONS and BETTINA WASSENER

NEW DELHI — Satyam Computer Services, a leading Indian outsourcing company that serves more than a third of the Fortune 500 companies, significantly inflated its earnings and assets for years, the chairman and co-founder said Wednesday, roiling Indian stock markets and throwing the industry into turmoil.

Satyam Computer Services Limited

The chairman, Ramalinga Raju, resigned after revealing that he had systematically falsified accounts as the company expanded from a handful of employees into a back-office giant with a work force of 53,000 and operations in 66 countries.

Mr. Raju said Wednesday that 50.4 billion rupees, or $1.04 billion, of the 53.6 billion rupees in cash and bank loans the company listed as assets for its second quarter, which ended in September, were nonexistent.

Revenue for the quarter was 20 percent lower than the 27 billion rupees reported, and the company’s operating margin was a fraction of what it declared, he said Wednesday in a letter to directors that was distributed by the Bombay Stock Exchange.

Satyam serves as the back office for some of the largest banks, manufacturers, health care and media companies in the world, handling everything from computer systems to customer service. Clients have included General Electric, General Motors, Nestlé and the United States government. In some cases, Satyam is even responsible for clients’ finances and accounting.

The revelations could cause a major shake-up in India’s enormous outsourcing industry, analysts said, and may force many large companies to investigate and perhaps revamp their back offices.

“This development is going to have a major impact on Satyam’s business with its clients,” said analysts with Religare Hichens Harrison on Wednesday. In the short term “we will see lot of Satyam’s clients migrating to competition like Infosys, TCS and Wipro,” they said. Satyam is the fourth-largest outsourcing firm after the three named.

In the four-and-a-half page letter distributed by the Bombay stock exchange, Mr. Raju described a small discrepancy that grew beyond his control. “What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew,” he wrote. “It was like riding a tiger, not knowing how to get off without being eaten.”

Mr. Raju said he had tried and failed to bridge the gap, including an effort in December to buy two construction firms in which the company’s founders held stakes. Speaking of a “deep regret” and a “tremendous burden,” Mr. Raju said that neither he nor the co-founder and managing director, B. Rama Raju, had “taken one rupee/dollar from the company.” He said the board had no knowledge of the situation, nor did his or the managing director’s families.

The size and scope of the fraud raises questions about regulatory oversight in India and beyond. In addition to India, Satyam has been listed on the New York Stock Exchange since 2001, and on Euronext since January of 2008. The company has been audited by PricewaterhouseCoopers since its listing on the New York Stock exchange.

Satyam has been under close scrutiny in recent months, after an October report that the company had been banned from World Bank contracts for installing spy software on some World Bank computers. Satyam denied the accusation but in December, the World Bank confirmed without elaboration on the cause that Satyam had been banned. Also in December, Satyam’s investors revolted after the company proposed buying two firms with ties to Mr. Raju’s sons.

On Dec. 30, analysts with Forrester Research warned that corporations that rely on Satyam might ultimately need to stop doing business with the company. “Firms should take the initial steps of reviewing the exit clauses in their current Satyam contracts,” in case management or direction of the company changed, Forrester said.

The scandal raised questions over accounting standards in India as a whole, as observers asked whether similar problems might lie buried elsewhere. The risk premium for Indian companies will rise in investors’ eyes, said Nilesh Jasani, India strategist at Credit Suisse.

R. K. Gupta, managing director at Taurus Asset Management in New Delhi, told Reuters: “If a company’s chairman himself says they built fictitious assets, who do you believe here?” The fraud has “put a question mark on the entire corporate governance system in India,” he said.

News of the scandal — quickly compared with the collapse of Enron — sent jitters through the Indian stock market, and the benchmark Sensex index fell more than 5 percent. Shares in Satyam fell more than 70 percent.

Just a few months ago, Mr. Raju was trying to persuade investors that the company was sound. In October, he surprised analysts with better-than-expected results, saying he was “pleased” that the company had “achieved this in a challenging global macroeconomic environment, and amidst the volatile currency scenario that became reality.”

But by late December, it seems he had little support from the board or investors, and four of the company’s directors resigned in recent weeks. Satyam recently retained Merrill Lynch for strategic advice, a move that is generally a precursor to a sale.

Mr. Raju said in his statement that he “sincerely apologized” to shareholders and employees and asked them to stand by the company. “I am now prepared to subject myself to the laws of the land and face consequences thereof,” he said.

Heather Timmons reported from New Delhi and Bettina Wassener fro

Dr. Manzer Durrani

Leslie Noyes Mass’s Back to Pakistan

Like yours truly, Leslie Noyes Mass was a Peace Corps Volunteer fifty years ago, recently returned to the country of her assignment: Pakistan. But unlike what I observed during my recent return to Africa, Mass discovered a significantly different country: more education for young children, an exploding population, and a country not nearly as friendly to the United States as it was when she was there years ago. I wouldn’t call any of these changes a great surprise, yet I found Back to Pakistan totally engaging for the contrasts I have already mentioned—plus the mirroring of some of the experiences I encountered as a volunteer in Nigeria.

Mass was dumped in Dhamke, twenty or so miles from Lahore, with few guidelines as to what she was expected to do. Ostensibly, community development, but it was expected that she would generate her own project(s) unlike some of the other volunteers who as teachers had clearly defined tasks. Her living facilities were basic, exacerbated by her gender as an unmarried
woman is a Muslim community. Initially, she was frustrated and angry: “Now what? I had no idea. And I was mad at the Peace Corps for botching up my assignment. But I was determined to figure out a way to work in this village.”

Drawing on her letters to friends back home, Mass is able to provide vivid details and feelings about her initial impressions of Pakistan (and her assignment) all those years ago. Here’s a paragraph from a letter to her boyfriend (later to be her husband), dated October 19, 1962: “The Volunteers here seem to be living pretty well and though some are equally disgusted with the lack of job definition, I am the orphan of the group. No other woman is alone in a village; everyone else has, at least, a place to live and a real job. The teachers have already started teaching and the men assigned to agricultural extension and engineering projects all have co-workers. But we Community Development workers are on our own. No one really knows what we are supposed to do.” She’s upset that her attempts to reach out to women in the community are largely unsuccessful. This is no huge surprise, given the restrictions on women’s lives (and their mobility) at the time and the country’s literacy rate of 12%. But when she is transferred to Sheikhupura months later, Mass realizes that she had made significant inroads into the lives of the Dhamke women.

Shift to 2009. Mass returns to Pakistan with several others, including people who were in the Peace Corps all those years ago. She’s been teaching for decades, earned a doctorate in early and middle school education, and retired from her job as director of an educational program at Ohio Wesleyan University. She’s a pro, accustomed to training teachers, which she and her friends will do in Pakistan for several months. They have been successful with making arrangements with The Citizens Foundation (TCF), a private organization that has set up several hundred schools across the country since the government-sponsored schools are sadly lacking. TCF has had major successes in the country, largely because of its curriculum and the dedication of its teachers who are women only.

Mass, thus, in 2009 is part volunteer, part educational expert, part tourist, keenly attuned to all the differences in the country from the first time she worked there. The activities with TCF are totally professional, and instantly rewarding. But it is an incident related to her by Ateed Riaz, one of the organization’s founding directors, that is most revealing to Mass (and to this reader), providing the context for the country’s education and development: “A friend of mine went to the city of Medina and went to a woman squatting on the floor selling something. He negotiated with her, but she would not sell to him. She said, ‘If you like it, buy it from that other tradeswoman. I will not sell it to you.’ So he got a local to come and talk to her in her own language. She talked to the local and explained that she had already sold enough that day and that other woman had not yet sold any, so I should buy from her. The message is clear: We need to help each other.”

The beauty of Back to Pakistan: A Fifty-Year Journey is Leslie Noyes Mass’s hindsight, combined with her insight. The book intermixes the two times instead of following a linear narrative and abounds in Mass’s first-hand reports from all those years earlier, sent as missives to her friends. Yes, I was predisposed to enjoy this book because of my own educational journey, and I confess that some of the passages describing her activities with TCF (administrators, teachers and pupils) may seem too pedantic to the average reader. But there are wonderful moments throughout the entire book, such as this one, just as Mass and her friends are going to depart from Lahore: “The schoolmaster said, in a mish-mash of English, Urdu, and Punjabi that he and all the village were happy that I had come back because it shows that not all Americans view Pakistan as a dangerous place where everyone is a terrorist.”

Ref

Dr. Manzer Durrani

ISLAMABAD – Some three corruption references and almost half a dozen inquiries were pending with National Accountability Bureau (NAB) and Accountability Courts against former Premier and PML-N President Mian Muhammad Nawaz Sharif and his other family members, but the same could not be reopened as the Division Bench of Lahore High Court Rawalpindi Bench had barred the NAB to proceed against Sharif family.

Officials in the National Accountability Bureau informed The Nation that the Division Bench of Lahore High Court Rawalpindi Bench consisting of Justice Ijazul Hasan and Justice Wahid Khan, an appellate forum of Accountability Courts, had barred the Accountability Courts to proceed against Mian Nawaz Sharif and other family members in these three cases in October last year. The preemptive move was made in the Division Bench of LHC Rawalpindi after the incumbent Chairman NAB Admiral (Retd) Fasih Bokhari was appointed despite the objection on his appointment was made through a letter written to President Asif Ali Zardari by Leader of the Opposition in the National Assembly Ch. Nisar Ali Khan.

Sources in the PML-N informed that they had secured stay order against reopening of these cases from the Appellate Court only to prevent the PPP-led coalition government to use these cases for arm twisting of the PML-N leadership though NAB.

So an application for early hearing of their petition, pending with the court for past several months, was initiated and the very next day of moving of the application by Akram Sheikh Advocate stay against the opening of these cases was secured from the Division Bench of LHC Rawalpindi.

All the three cases-Hudaybia Paper Mills,Ittefaq Foundries and Assets reference—were framed against Mian Nawaz Sharif and his family members after dislodging of his elected government in 1999 and during year 2000 and initially all the three cases had been fixed for trial at Accountability Court Attock where Mian Nawaz Sharif and his brother Mian Shahbaz Sharif were kept after the dislodging of their government. All these cases were adjourned sine die under some clandestine deal when Mian Nawaz Sharif and his family was exiled to Saudi Arabia.

These cases were reopened in year 2007 when the Supreme Court allowed Mian Nawaz Sharif to return back to Pakistan but once again he was sent back to Saudi Arabia moments after he landed here at Islamabad Airport.

The request for the reopening of these cases was again made in year 2010 when the then Prosecutor General NAB Dr Danishwar Malik had moved an application seeking reopening of these cases on the plea that as the accused in these cases had returned back to the country so the cases against them should be reopened. But the matter once again went into limbo when the Accountability Court Rawalpindi No. 1 judge directed the Prosecutor General to furnish the request for reopening of these cased duly signed by Chairman NAB but as the slot of Chairman NAB was vacant and once again the court had adjourned these cases sine die. In State vs Hudaybia Paper Mills (Pvt) Ltd-nine members of the Sharif family were accused of committing a corruption of Rs 642.743 million.

As per NAB allegations the accused had secured loan against the Hudaybia Paper Mills and later used this money to pay off the loans of other companies owned by the Sharif family. Mian Muhammad Sharif, Mian Nawaz Sharif, Mian Shahbaz Sharif, Mian Abbas Sharif, Hussain Nawaz, Hamza Shahbaz Sharif, Mrs Shamim Akhtar (Mother to Nawaz Sharif), Mrs Sabiha Abbas, Mrs Maryam Safdar and former Federal Minister Ishaq Dar were the accused in this reference.

In State Vs Ittefaq Foundries etc, Mian Nawaz Sharif, his brother Mian Abbas Sharif and Kamal Qureshi were charged with the willful default of Rs 1.06 billion.

The main allegation against the accused in this case was that M/s Ittefaq Foundries Ltd obtained cash finance from National Bank. As per NAB allegations, the company willfully defaulted to pay back the amount in 1994. In State vs Mian Muhammad Nawaz Sharif etc is about the Raiwind assets.

Main allegation in this reference is that the accused had acquired vast tracts of land on which a number of palatial houses and mansions were constructed with less resources, which appeared to be grossly disproportionate to their known sources of income. As per NAB allegations, there involved an amount Rs 247.352 million that is under question. Apart from Mian Nawaz Sharif, his mother was also an accused in this case.

There are six investigations against Sharif pending before the NAB following Chairman NAB’s order. These pending investigations included; case of illegal appointments in the FIA against Mian Nawaz Sharif; misuse of authority by Nawaz Sharif as ex-Chief Minister Punjab in the construction of road from Raiwind to Sharif family house causing loss of Rs 125 million; Sharif Trust case against Nawaz Sharif/Sharif Trust involving allegation of money laundering, misappropriation of trust funds and acquisition of benami assets in the name of Sharif Trust; London properties case against Nawaz Sharif and others regarding owning of Aven Field properties in London; Illegal appointments in PIA allegedly by Mian Nawaz Sharif, and corruption in the allotment of Lahore Development Authority (LDA) plots involving ex-CM Nawaz Sharif, ex-DG LDA Brig (Retd) Manzoor Malik, ex-Director Estate and Shahid Rafi.

Two pending inquiries against Sharifs in the NAB included a complaint of allotment of LDA plots and another complaint about alleged misappropriation of government property by allotting 12 plots to Mian Attaullah instead of one in Gulshan Ravi Scheme ,thereby, causing loss of Rs 20 million to the State.

It is pertinent to mention here that Mian Muhammad Nawaz Sharif and other accused in plane hijacking and helicopter case were acquitted.

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Archive for February, 2012

“Any nation that does not honor its heroes will not long endure”- Abraham Lincoln

IRANIAN CHUTZPAH

INDIAN IT OUTSOURCING GIANT FRAUD IN US

Satyam, PwC Agree to Pay USD 17.5 Million to Settle the Dispute with SEC

Satyam Chief Admits Huge Fraud

Pakistan: Fifty Years Later

Three references, several inquiries against Sharifs pending with NAB