Our Announcements

Not Found

Sorry, but you are looking for something that isn't here.

Archive for March, 2014

Defeat Terrorists through the United Front


Defeat Terrorists through the United Front






By Sajjad Shaukat















Although war against terrorism is quite different, as it is against an invisible and ruthless enemy which does not respect any rule, yet we can remember Shakespeare’s poetic expression which described war as ‘sons of hell’ is even applicable today in Pakistan where terrorists’ violent acts of destruction, fire and devastation have engulfed the entire span of living and social order, especially in Khyber Pakhtoonkhwa, Balochistan and Karachi.

Since terrorism is illegal and unconstitutional, therefore, it tends to enlarge its size through illegitimate means, using covert tactics and clandestine undercurrents. In this regard, during the last ten years, Pakistan which has become special arena of this different war has been facing terror-activities such as suicide attacks, bomb blasts, targeted killings, beheadings of the innocent people, assaults on security personnel and prominent religious figures including sectarian violence. Besides blowing children schools and attacking the female teachers in order to deny education to girls, the militants also targeted mosques, Imambargahs, mausoleums, and disgraced dead bodies. Their pitiless acts resulted into killings of several persons in Pakistan.

However, their barbaric acts could be judged from a recent video which was uploaded by Rasool Jan who had joined the Tehreek-e-Taliban Pakistan (TTP) in 2008, and left the TTP after having seen the acts of barbarism by the thugs. They had decapitated their victims and played soccer with the heads chopped by the TTP Commander of Matini named Jangraiz Khan. This shows insurgents’ disrespect of human life and their lack of knowledge about Islam.

It is notable that welcoming ceasefire offer of the TTP, the government led by PML-N has not only halted the air strikes on the hideouts of the militants in the tribal areas, but also resumed the suspended peace dialogue with the Taliban. But, taking note of the terror-attack in the District Court of Islamabad which killed 11 people including an additional session judge on March 4, this year coupled with assault on the anti-polio workers in the Khyber Agency, both the Prime Minister Nawaz Sharif and Interior Minister Chaudhry Nisar Ali Khan have repeatedly said that peace talks and violent acts of terrorism cannot go side by side. But despite it, the government decided to continue peace talks with the Taliban.

Nevertheless, the threat posed by terrorism is dreadful, real and painfully ugly. The outcome of terrorist strike remains predictable, as it brings destruction, remorse and social disorder with awful human tragedy.

Therefore, the entire society earnestly looks towards the security forces and law-enforcing agencies to undertake steps to provide immediate relief to the victims—break terrorist networks and make life safer.

No doubt, security forces and law-enforcing agencies have been working very hard to fight the menace of terrorism, and have paid heavy price by sacrificing their lives, while fighting the terrorists. Unfortunately, the terrorists have launched clever propaganda to promote their self-assumed agenda by associating themselves with Islam and creating sympathizers in social milieu, knowing that majority loves Islam.

Hence, a united national front could not be created to fight and eliminate the threat posed by terrorists.

In this context, Judiciary, as part of national segment appeared more independent and did not join in the fight against terrorism. In this context, people have been whispering around that Judiciary, especially under the former Chief Justice of the Supreme Court, Iftikhar Muhammad Chaudhry had developed some kind of vendetta against Pakistan Army and showed insatiable desire to summon top military leaders, while maintaining a soft mind-set for the insurgents. However, such a mollycoddle attitude of courts for the insurgents encouraged them in their criminal acts of violence. People also talk that 12 innocent people in District Court of Islamabad lost their lives, as many terrorists managed to get freed from courts for lack of evidence.

While, Pakistan’s law-enforcing agencies and intelligence organizations which are well-prepared in coping with terrorism are engaged in identifying and locating the terrorist networks and their support-bases including informers and accomplices, were discouraged as their actions were being challenged through courts of law regarding the validity and legality of their decisions. The militants’ lawyers availed the opportunity by indicating procedural penal flaws. Thus, many terrorists were freed by the courts due to lack of solid evidence in legal terms, though reality of their subversive activities existed. Owing to this practice, efficiency of law-enforcing agencies drops to zero level, giving a greater setback to war against terrorism and making the concerned official insecure in face of judicial grilling.

Terrorist presently under custody, if released by the courts because of judicial discourse will certainly join their main terrorist networks, thereby strengthening terrorist groups. Consequently, this ‘new style war’ will turn in favor of terrorists instead of law-enforcing and intelligence agencies which may suffer more in the hands of these culprits.

In fact, TTP have been acting upon a dual strategy, as sometimes it accept responsibility for its terror-attacks, but sometimes, it deny the same. But contradictory statements of its spokesmen prove that this militant outfit is behind several subversive acts which still continue at various places. In this respect, TTP has refused that it was behind the recent attacks in Islamabad and Khyber Agency, but it accepted responsibility when Taliban insurgents targeted the Rangers, Police and anti-polio workers in Karachi in wake of the peace talks. Similarly, Taliban had claimed responsibility for the brutal massacre of 23 personnel of the Frontier Constabulary who were abducted from Mohmand Agency, four years ago and later shifted to Afghanistan.

It is mentionable that the TTP had condemned the brutal assault on the church in Peshawar. But, afterwards, its spokesman had remarked that it was in accordance with Sharia (Islamic Jurisprudence) which indicated that the group was behind that ruthless attack. So, ambivalent statements of the TTP-led Taliban have endorsed that it has been playing double game.

Similarly, as part of its duality, TTP did not claim responsibility for the incident of Islamabad District Court which assassinated the honorable Session Judge, Rafaqat Hussain Awan and a young female lawyer, Miss Fiza including many others who lost their lives. It was a stunning shock for the entire nation as the awful event occurred when negotiation process with Taliban was being vigorously pursued by the government.

In this connection, on March 4, the Leader of the Opposition, Syed Khurshid Shah of the PPP including several parliamentarians doubted the intentions of the TTP, as they discussed Islamabad District Court’s incident. They were of the view that on one hand, the TTP announced ceasefire and on the other hand, it was carrying out terrorist acts. They stated that ceasefire from Taliban was another deception attack—killing innocent people and warned that parliament house might be the next target. They criticized the interior minister for declaring Islamabad a safe city few days back, expressing concern that even the Presidency and Prime Minister House were not safe.

It is of particular attention that glorification of terrorists through media coverage of their pledges, claims etc. also provides them confidence and resilience to continue their violent activities. Unfortunately, it would not be wrong to state that the terrorists can get space in media more conveniently and free of cost, as most of the domestic channels appear more motivated and obliged to project their crimes, while businessmen and state officials are required to make extra efforts to get their advertisements and stories published through media.

Although it is essential for the whole nation to get united to defeat the different enemy, yet certain entities maintained intentional or unintentional sympathy for these Taliban. Consequently, the terrorists are glorified and felt encouraged to continue their criminal acts.

So, the war against terrorism has to be fought by the entire nation, Judiciary and media—being part of the state will have to realize the threat. Therefore, terrorists must not be allowed to get freed and rejoin their main groups. The nation demands that the militants produced before the courts must be punished for their crimes. Otherwise, judicial activism, targeting the armed forces will prove self destructive. While the entire nation pays homage to those who lost their lives in Islamabad District Court in the hands of terrorists.   

Media must not project the terrorists’ stance frequently. In this way, they are emboldened, as their pledges get glorified irrespective of their evil nature or wicked designs.

Now, all segments of society like political and religious leaders including Unlmas (Religious scholars) denounce the anti-social, undemocratic and un-Islamic practices of the militants, particularly of the TTP, who want to impose their own self-interpreted system of Sharia on the majority of Pakistanis. But, our patriot entities should not envisage that only security agencies can fight this war against the menace of terrorism. So a united front of the entire nation must be formed to defeat the terrorists.

Sajjad Shaukat writes on international affairs and is author of the book: US vs Islamic Militants, Invisible Balance of Power: Dangerous Shift in International Relations

Email: sajjad_logic@yahoo.com





, , , ,

No Comments




The Face of Illuminati in Pakistan.
The Illuminati exists with its myriad faces all over the world.
Pakistani society still has to recognise its signs,symbols and the
particular type of people that comprise of the Illuminati .


The symbols related to the Illuminati exist all around us in many of
our famous buildings and places .The Supreme Court of Pakistan has the
star of David symbols in its grilles .All the roofs and gates of Avari
Towers Hotels have the same symbol .
The State Bank of Pakistan building in Karachi is also branded with
the same ,the star of David and the symbol of the All seeing Eye
denote the Illuminati,s presence .

Many famous people in Pakistan are members of the Illuminati ,they
support each others rise to the top and get fame and money .
They are unIslamic and obedient to Illuminati creed ,the coming of the
One World Order ,the Freemasons are just part of them like many other
black magic cults .The Olympics held in London had the Illuminati
symbol of the Third Eye Pyramid everywhere .

For example McDonald’s, Kentucky Fried Chicken, Kellogg’s and
Starbucks. The logos of these companies are filled with symbolism,
because the illuminati love secret symbols, geometric values and hand
Their mysterious, but distinctive, hand signs, handshakes, gestures,
marks and symbols are being employed today by powerful politicians,
financiers, bankers, and celebrities. The power elite of the
Illuminati around the globe are imitating the ancients.

Secret Societies are trying to bring one
World Order, one economy, and one
government. They use their typical
symbols to spread their power on the world.
These symbols are everywhere round
the world, we can see them in movies,
music, fast food chains, buildings,
advertisements. It is time to wake up and
find out what is happening around us; how
we are getting trapped into their system of
banking, interest, mortgage, loan, credit
cards, etc. We are supporting them
by working in their companies, buying
their products.
Illuminati control the banking system, the media , news agencies , the
pharmaceutical industry, the oil industry, governments, the stock
market, most of the administration of justice, secret services, armies
and the weapon industry. They influence science, school books,
universities, journalism and Hollywood. Inventors who invent something
in the field of free energy or other matters that could be a threat to
the establishment are bought off, threatened or murdered. They are the
owners of the largest mines, casinos, through the CIA they control the
entire drug scene, sex slavery, etcetera.
They try to make us afraid of everything. Because nature doesn’t
really need to be feared, the problems are simply made up: terrorism,
global warming, bird flu, cold war, acid rain, you name it. Nearly all
the good news is kept from us, every paper and news broadcast is
filled with frightening messages. It’s enough to frighten you almost

The Illuminati (“the enlightened ones”), contains at the heart 13
incredibly rich, zionist families that are in constant contact with
each other. Their names are probably Rothschild, Rockefeller, Warburg,
Bruce, Cavendish, De Medici, Hanover, Hapsburg, Krupp, Plantagenet,
Romanov, Sinclair and Windsor, but this list is kept hidden from the
outside world.
Although the Rockefellers aren’t the richest illuminati family (the
Rothschilds are, with an approximate fortune of 500 trillion dollars)

They are supported by another 300 families, often with well-known
names such as Agnelli, Bush, Ford, Kuhn, Loeb, Montgomery, Morgan,
Roosevelt and Schiff . Many power-hungry people mix with them as well,
such as Henry Kissinger, Dick Cheney, Donald Rumsfeld, Bill Gates,
Hillary Clinton, Warren Buffet, etc. Together they control practically
all power and money in the world.
They operate countless organisations and orders, such as the Vatican,
the United Nations, the World Bank, the CIA, the NSA, the FDA, the
Smithsonian Institute, the Council on Foreign Relations, NASA,
Bilderberg, Thule, Skull & Bones and many others.
In order to work towards a world government, the Illuminati have
founded various globally operating bodies. Examples are the United
Nations, the NATO, the World Bank, the IMF, the WHO , Unicef and many
Only few members within the illuminati actually know everything,
because the pyramid structure of the system has been arranged so that
only a handful of people can overlook the entire picture. The rest all
work on a basis of “need to know”: nothing more is told them than

Luckily , their plans have already caught a delay of many years. To
make matters worse, they are also being confronted with the fact that
there is a higher power in the universe, which won’t let things go
much further .

I have come across sinister people on Facebook trying to enlist me
into their secret societies ,the Illuminati are present all around us
in big cities like Karachi .Specially some members of the Parsi
community have close affiliation .

Some Pakistanis are
confirmed members of Zionist groups
like the Council on Foreign Relations,Asia
Society and so on.
Such Pakistanis are only the tip of
the iceberg there are many many more
like them, in fact our government is full
of them.
The Council on Foreign
Relations has some well known and even controversial Pakistanis , I
could very easily share these lists here but it would make this a bit
too onerous to read , considering this I am just divulging some
sources .

Hudson Institute is the think tank of neo
conservatives and is very much closely
associated with Council on Foreign
Relations and Bilderberg Group .The
Hudson Institute website has a list of members , surprisingly some of
them very influential Pakistanis.
Next we look at the Asia Society a non-
profit organization founded in 1956 by
John D. Rockefeller III,some of
its members are also eminent
It should be kept in mind that the Chief Justice of Pakistan Iftikhar
Chaudhry is reputed to be the King of Pakistani Illuminati while Asma
Jehangir is also rumoured as Queen of Pakistani Illuminati .
Imran Khan is being lobbied as a future Prime Minister of Pakistan .
He was married into one of Britain’s richest families (outside of the
monarchy) and plays cricket.Racecourses and equestrian sport hubs are
where the NWO personnel are trained.Tavistock has produced many of our
country’s bosses and the elite universities in Europe and all over
America do the rest.
Hobnobbing with glitterati and making famous appearances at the Ascot
races may not be possible without the shadow of the Illuminati in the
background.It is more than a group of rich folk who entertain
themselves with fancy parties and horse races.

The most important Illuminati spend their summer holidays in the
Bohemian Grove in America and the European branch see each other
annually at the Bilderberg Conference.
It is a well linked network working against the ultimate good of humanity .

It is good to be aware of their presence and be able to prevent them
from causing harm whenever possible . They are responsible for the
murders of many well known people who either escaped the fold or tried
to expose them . Notwithstanding that all their unity in evil hasn’t
been as successful as they would wish it to be because good will
always win over evil .

Resources :
The Council of Foreign Relations


33 Signs The Illuminati Is Real

Wake up, America!posted on 

BuzzFeed Staff

1. Obama’s 13 candles


Obama's 13 candles

2. A dollar bill


A dollar bill

3. The Taco Bell logo


The Taco Bell logo

4. Lady Gaga’s face


Lady Gaga's face

5. And everything about her “Bad Romance” video


And everything about her "Bad Romance" video

6. Madonna’s headdress


Madonna's headdress

7. This scene from “The Simpsons”


This scene from "The Simpsons"

8. The Pope’s clothing


The Pope's clothing

9. This Nickelodeon commercial


This Nickelodeon commercial

10. Rihanna’s “Umbrella” music video


Rihanna's "Umbrella" music video

11. This scene from “Family Guy”


This scene from "Family Guy"

12. Beyoncé



13. Jay-Z



14. Beyoncé and Jay-Z’s child


Beyoncé and Jay-Z's child

15. The layout of the streets in Washington, D.C.


The layout of the streets in Washington, D.C.

16. KISS’s name


KISS's name

17. The United Nations


The United Nations

18. Eminem



19. These special Pepsi cans


These special Pepsi cans

20. President George H.W. Bush


President George H.W. Bush

Robert King / Getty Images

21. And his pyramid


And his pyramid

22. The MTV Canada office


The MTV Canada office

Darkroom Productions/Creative Commons / Via Flickr: darkroomproductions

23. The London Olympics


The London Olympics

24. Everything about Disney


Everything about Disney

25. LeBron James in this video game


LeBron James in this video game

26. LeBron James in real life


LeBron James in real life

27. The Denver airport


The Denver airport


28. Taylor Swift’s arm


Taylor Swift's arm

29. Nicki Minaj’s boobs


Nicki Minaj's boobs

30. This tree


This tree

31. These pants


These pants

32. Every celebrity ever who has ever taken a picture while covering one eye


Every celebrity ever who has ever taken a picture while covering one eye

33. And the location of these five Outback Steakhouses outside Phoenix, Arizona


And the location of these five Outback Steakhouses outside Phoenix, Arizona


A Comprehensive Guide to the Illuminati, the Conspiracy Theory That Connects Jay-Z and Queen Elizabeth

A Comprehensive Guide to the Illuminati, the Conspiracy Theory That Connects Jay-Z and Queen ElizabethSEXPAND


Why did Jay-Z and Beyoncé name their kid “Blue Ivy”? What was the deal with Madonna’s Super Bowl halftime show? Why did Whitney Houston die? Some people might say that “famous people are weird and sad” is the answer to all three questions. But no, the answer is: The Illuminati. Who? Allow us to explain.

Note: to best service our readers, we’ve divided this guide into two sections — first, the believer’s guide; second, the skeptic’s guide.

The Believer’s Guide

What is the Illuminati?
The Illuminati is an ancient and shadowy group of elites who control nearly every aspect of life on this planet — from finance and government to religion and culture.

Who is in the Illuminati?
The Illuminati is made up of the world’s political and financial elite, and also, rappers. Theoretically, membership rolls are kept secret, but most YouTube intellectuals agree that the following people are members:

  • Barack Obama
  • the Pope
  • Queen Elizabeth II
  • George Soros
  • Ben Bernanke
  • George W. Bush
  • Jay-Z
  • Kanye West
  • Rihanna
  • Bob Dylan
  • Beyoncé
  • Lady Gaga
  • Jim Carrey
  • Willow Smith

What do the Illuminati do?
Oh, you know, conspiracy stuff. Assassinations, currency manipulation, Super Bowl halftime shows. All executed through puppet institutions and groups like the Federal Reserve, the Council on Foreign Relations, the Freemasons, and Def Jam Recordings. And all carefully controlled and hidden to ensure that their meddling in world affairs will remain secret.

This is sounding more plausible by the minute. What’s the end goal of the Illuminati?
The end goal of the Illuminati is to establish a one-world authoritarian government known as the New World Order.

…and then?
Here, theories differ. Some of the internet’s finest minds, writing on scholarly websites like Yahoo Answers, believe that forced conversion to homosexuality will be a top agenda item in the New World Order. Others claim the first order of business will be to round all non-Illuminati up into FEMA camps, possibly as part of a deal struck with aliens in Roswell. Many, if not most, experts believe that the New World Order will be a front for the rise of the Antichrist.

The Antichrist?
Yes. The Illuminati is made up of Satanists.

Even the Pope?
I can see how it’s confusing. The Pope is actually a Satanist, just like Jay-Z and the Queen of England. (He might even be the Antichrist.) In fact, the whole Catholic church is just a continuation of Babylonian paganism, didn’t you know? They keep demons trapped inside the Pentagon, which is why it’s, you know, pentagonal.

Okay. How can I tell who’s in the Illuminati?
I know this sounds counterintuitive, but prominent Illuminati members frequently flag their Illuminati connections. Like how in Lady Gaga’s “Born This Way” video, there’s that goat head-shaped star formation? Or have you ever seen Jay-Z’s video for “On to the Next One“? It has agoat skull in it. Goats, bro.

Goat heads are an Illuminati symbol?
Goat heads represents Baphomet, the goat-headed god beloved by 19th-century occultists. It’s not the only weird occult reference in “On to the Next One.” The creepy guy with the crow, Jay throwing devil horns, the, uh, actual Masonic symbol — all of Hov’s (that’s right: Hov) videos are filled with Illuminati and occult symbolism. So are Lady Gaga’s: that pink triangle and unicorn that you thought was some campy gay reference? Actually symbols of the immaculate conception of a new order of humanity. So are Kanye’s videos, especially “Power.”

But how will the Illuminati possibly pull off their plan for secret world domination if they’re constantly advertising their own existence?
Hey! Did I tell you about Madonna’s Super Bowl halftime show?

Ooh, no, tell me.
It was obviously a Satantic ritual. The color scheme was red and black. She had horns on her helmet. The show happened within 48 hours of the full moon. Her male dancers formed a pyramid, a Masonic symbol. It ended with the phrase “World Peace” — as in, “New WorldOrder Peace.” And LMFAO was there.

LMFAO is Illuminati?
Can you think of any other reason for their success?

But why would the Illuminati hold a Satanic ritual during the biggest television even of the year?
To celebrate the upcoming assassination of Whitney Houston.

The Illuminati killed Whitney Houston? But… why?
For two reasons: one, to celebrate the Diamond Jubilee of Queen Elizabeth, and two, to make room in the Illuminati for Blue Ivy Carter.

Who else have the Illuminati killed?
Oh, you name it — J.F.K., 2Pac, Bob Marley, Michael Jackson. Heath Ledger’s death was a ritualistic sacrifice. Aaliyah was killed by Dame Dash so he could become famous.

Wow. That makes sense.
I know. And there’s stuff we haven’t even covered!

There’s stuff we haven’t covered?
Just a couple, things, like the Bilderberg Groupreptoidsclockwork elvesthe Greys, the Rosicrucians, the Knights Templar, and Planet X.

I really feel like I’ve learned a lot from this guide. Where can I learn more about the Illuminati?
I highly recommend reading the very factual Behold a Pale Horse and The Biggest Secret — but you can also find a lot of information on such rigorous and learned websites as Godlike ProductionsVigilant CitizenAbove Top Secret and Prison Planet, the website of Austin radio host Alex Jones. Finally, of course, a great deal of important information is distributed onTwitterYouTube, and Yahoo Answers.


The Skeptic’s Guide

What is the Illuminati?
A defunct German secret society of freethinkers, humanists and Enlightenment academics, founded in 1776 and infiltrated and shut down by Bavarian authorities about a decade later.

There hasn’t been an Illuminati in 200 years?
Well, it’s been in use as a conspiracy theory ever since it was first founded, mostly by monarchists, right-wingers, and religious Christians looking for explanations as to why things aren’t going their way.

So who believes in the Illuminati?
Generally speaking, Ron Paul voters, people who are in militias, washed-up rappers, teenage R&B fans on Twitter, and that one guy from high school who is always posting links to Erowid “experiences” to Facebook.

That’s kind of a broad range of people, isn’t it?
Yeah. Weird, huh?

I don’t get it. If it’s this right-wing Christian conspiracy, how do rappers start believing in it?
That’s kind of the million-dollar question. Columbia professor Marc Lamont Hill says that conspiracy theories are a natural response by African-Americans to their disenfranchisement: “There have always been questions and conspiracies about the structure and nature of power by African-Americans, and naturally those questions have made their way into hip-hop,” he told the Philadelphia Weekly in 2010. “[In the 1990s] people were going to black book stores… and buying books like Behold a Pale Horse… They were talking about the Illuminati and the Rothschilds and Bilderbergs.”

So Alex Jones and Prodigy were reading the same fucked-up conspiracy books? That’s wild, man.
Dude, Prodigy is going to to vote for Ron Paul.

This is pretty nuts. Can I read more about it somewhere?
Yeah — here’s a good Philadelphia Weekly story about the rap Illuminati phenomenon. Here’s a Slate column about pop music and Illuminati. Here’s an XXL timeline of Illuminati references in rap musicThe New Yorker has a really awesome long article about conspiracy theories in America from 1995, but it’s subscriber only. Animal has been tracking the Illuminati for years. And this was my favorite book when I was in high school, though it’s unfortunately out of print. Oh, and dude, you have to read Foucault’s Pendulum. And the Illuminatus! trilogy!


Yo, while we’re here, can we talk about reptoids?

[illustration by Jim Cooke; secret Masonic handshake to Animal’s Bucky Turco.]


Be Sociable, Share!

, ,

No Comments

PAKISTAN’S PRESSTITUTES & MUNAFIQS: More “Top” Journalists Bribed With Small “Favours” Sing Nawaz Sharif’s Tunes


More ‘top’ Pakistani journalists siding with PML-N against ‘small favours’







MARCH 25, 2014

By Kiran Bokhari



Islamabad, March 25 (Pak Destiny) The Nawaz government continues to bribe anchors and journalists one way or other to have its positive image in media.
After obliging Muhammad Malick (PTV MD), Irfan Siddiqui (special assistant), Iftikhar Ahmed (PHA vice-chairman), the PML-N government is organising free tours abroad of some other journalists.
In the ongoing tour of PM Nawaz Sharif to Hague, Netherlands, journalists like Javed Chaudhry of Express media group and Salman Ghani of Dunya TV have been obliged. How cheap price tag they carry…shame.
Although both are already on PML-N payroll but after getting further obliged they will narrate stories of PML-N government achievements in the nuclear conference in Hague.
The PML-N policy to make some so-called top journalists subservient to its government is working at the moment.
Shame on these so-called journalists who are getting obliged in this manner. – Pak Destiny



Blend of press and prostitute


presstitute (comparative more presstitutesuperlative most presstitute)(of media or reporters) misleadingly tailoring news to fit a particular partisan, financial or business agenda   


presstitute (plural presstitutes)

  1. A person or media entity reporting news in such a biased manner.

, ,

No Comments

Compare Sharif Govts Dynastic Massive Corruption: Under Scrutiny, Top JPMorgan Chase Executive in China to Leave

Inline image 2
Under Scrutiny, Top JPMorgan Chase Executive in China to Leave
MARCH 24, 2014,

Inline image 1

Fang Fang was a top executive for investment banking and a central figure in an investigation of the bank’s hiring practices.

HONG KONG — One of JPMorgan Chase’s top deal makers in China and a focus of the United States government’s investigation into the bank’s hiring practices in China is leaving the bank, according to an internal memo sent to staff on Monday.
The banker, Fang Fang, who has spent more than a decade at JPMorgan, most recently as the bank’s chief executive for China investment banking and a vice chairman for Asia investment banking, had recently “informed us of his desire to retire”, Therese Esperdy, JPMorgan’s co-head of banking for Asia-Pacific, said in the memo.
Since last year, JPMorgan has been the subject of a federal bribery investigation in the United States that is looking into whether the bank’s Sons and Daughters hiring program violated the Foreign Corrupt Practices Act. The authorities are scrutinizing connections between the employment of the children of senior Chinese officials and business leaders and the bank’s roles on specific deals.
Mr. Fang, who is in his late 40s, was one of several JPMorgan executives whose emails discussing hiring practices were turned over to the authorities by the bank. In one of them, he wrote: “You all know I have always been a big believer of the Sons and Daughters program — it almost has a linear relationship” with winning assignments to advise Chinese companies.
Neither Mr. Fang nor any JPMorgan executives have been accused of wrongdoing as a result of the United States investigation. News of Mr. Fang’s departure was first reported by The Wall Street Journal.
With Mr. Fang’s retirement, JPMorgan appointed Frank Gong, another senior banker who was formerly the bank’s chief China economist, as its chairman of China investment banking, where he will focus on building client relationships, according to the internal memo. JPMorgan also promoted Brian Gu and Jing Zhao to co-heads of investment banking for China.
Mr. Fang has been seen as one of JPMorgan’s major rainmakers in China, an executive whose deep network of contacts in Chinese government and business circles helped introduce a flow of lucrative underwriting and advisory roles to the bank. One such relationship, to be a subject of the investigation by the Securities and Exchange Commission and federal prosecutors in Brooklyn, is the one between JPMorgan and the China Everbright Group, a financial services and banking group owned by the Chinese government.
In March 2010, Tang Shuangning, the chairman of China Everbright, a state-owned enterprise, approached Mr. Fang about a position for his son at the bank, records and interviews show. Mr. Fang jumped at the opportunity, suggesting in an email to his colleagues that they discuss “how we can leverage more on this account going forward”. At the time, securities filings show, JPMorgan appeared to do little if any business with China Everbright.
But when the son, Tang Xiaoning — a former employee of Goldman Sachs and Citigroup — worked at JPMorgan, a number of assignments from his father’s company rolled in for the bank. China Everbright International, a subsidiary focused on alternative energy, hired JPMorgan in 2012 to advise on a $162 million sale of shares, according to Standard & Poor’s Capital IQ, a research service.
In May of that year, as Mr. Tang’s contract was expiring, JPMorgan faced a decision. It could have cut ties with the son, but at the urging of Mr. Fang, Mr. Tang received an extension. “Given where we are on China Everbright, I think we may need another contract for Xiaoning“, Mr. Fang wrote.
The relationship has cooled, however, since the investigation began. In November 2013, several months after news of the United States investigation broke, JPMorgan removed itself as an underwriter on a share sale by China Everbright Bank, a subsidiary of the state-run group. China Everbright Bank went on to raise $3 billion in December, in Hong Kong’s biggest initial public offering of 2013.
In January, concerns about the investigation prompted JPMorgan to remove itself from a second deal, a planned $1 billion Hong Kong I.P.O. by Tianhe Chemicals, which is not owned by the state. JPMorgan had previously employed the daughter of the company’s chairman. Before joining JPMorgan in Hong Kong in 2001, Mr. Fang was a vice president of Beijing Enterprises Holdings, a state-owned investment company listed in Hong Kong. Before that, he worked as an investment banker at Merrill Lynch in both Hong Kong and New York.
Mr. Fang’s government ties were bolstered in 2011, when he was appointed a member of the Chinese People’s Political Consultative Congress, a state advisory body. A Chinese national, Mr. Fang graduated from Tsinghua University in Beijing and received his M.B.A. from Vanderbilt University in Nashville.


No Comments

Myth & Reality about Devaluation of US Dollar

   Myth & Reality about Devaluation of US Dollar



 The inherent motive behind lowering value of the US dollar against the Pak Rupee.
When Nawaz’s younger son Hasan launched Flagship Holdings in London in 2002-03 (it is closed down now)–it also introduced establishment of a ‘hedge fund’ with an investment of £300 million ($500 million). The Flagship thrived unprecedentedly, during the past ten years, on the strengthen of:

1) Cash flow of £300 million ($500 million)–which the Sharifs had in 2003–now it may be a cash flow in excess of £3 billion ($5 billion). 


2) Easy money transfer protocols through UK, India and Dubai (as the Iranians are doing under international banking sanctions). This money laundering stunt in the West is a complete eyewash–one can bring into UK millions of pounds after paying commission to the UK banks and intermediary financial handlers, who in turn will legalise everything for the fund-bringer. Which is why since 2007–more than 1,000 Pakistani politicians, bureaucrats and dodgy businessmen have purchased properties in the UK worth £5 billion (more than $8 billion), and nothing has precluded them from doing so.


3) Clockwise and anti-clockwise fund-purchasing. The Sharifs and their larcenous munshi Ishaq Dar have divided the financial year into 3-4 revolves. In one revolve (say: June to September 2013)–they increased the value of dollar as $1=Rs 111, and brought home say: $1 billion in cash–which got them Rs 111 billion. If they bring in secretly (which they easily can–having their own bank chiefs) $5 billion–pretending it as a foreign remittance per quarter (revolve), they will get Rs 555 billion. In my understanding–the Sharifs made Rs 50-100 billion ($500 to $900 million) during the first four months of their government (June to October 2013).


During the second revolve–they kept things stable @ $1=Rs 111, and recycled that money within the country for 3/4 months (October 2013 to February 2014), and bought essential commodities (rice, wheat, sugar, lentils, cooking oil, livestock and petrol/diesel). In the next two/three years–the Sharifs (applying the Jewish and Hindus sahukaar monopolistic model) have intend to hijack the commodity sector under fake names. They plan to paralyse the country by hoarding these commodities, if a military takeover occurs or a hostile political group takes over in Pakistan. They are carrying out this commodity monopolisation in partnership with international traders of Britain/EU/India/UAE/Brazil/Australia and so forth–so that the military (or non-friendly political elite) government collapses more quickly after failing to withstand international pressure.


In the third revolve (March to May/June 2014–before the Budget)–as they have hundreds of billions of rupees, say: Rs 100 billion ($900 million) from first revolve (June-September 2013). They also had more than Rs 220 billion ($2 billion), spared/left over from bulk note printing of Rs 850 billion which they did between June and July 2013. By end of February 2014, the Sharifs had more than Rs 320 billion in personal coffer. If they buy dollars for that, by dividing them with 111–they could get $2.882 billion. But by lowering the dollar value to $1= Rs 99 they will now get $3.233 billion. This means that this dollar devaluation will now get them an extra $351 million within nine months of their rule (June 2013 to March 2014). What a satanic business, isn’t it?


With an unparalleled experience of three decades in banking/business frauds–the Sharifs are in a strong position to manipulate the State Bank and other five main Pakistani banks (National, Habib, MCB, Allied and UBL). They have all major stock exchanges under control and SECP (Securities and Exchange Commission of Pakistan) is spineless.


Soon, the Sharifs will print more Pak rupee notes at the Security Printing Press, and will buy the dollars/pounds from every money exchange shop in the country.


Lets see if the dollar sustains at $1= under Rs 100, during the next three months. What I think is–they will devalue Pak rupee again to $1= Rs 111 (even beyond) after the budget.
They also intend to pocket $5 billion from sale of 18 major state enterprises. By the end of 2014–they will have made $10 billion from the business of governing Pakistan through a corrupt/rotten system called Mian/Zardari democracy.


They know they can NOT win the next general election–whenever they are. Asif Zardari also knows that PPP will not come to power either, in near future. What Nawaz is doing is–hiding Zardari regime’s brazen malfeasance, and in turn the PPP is supporting the Sharifs’ obnoxious ‘democracy’.
The Silence of the Lambs   (written in October 2013)
The Finance Ministry hierarchy is flustered about the IMF’s $6.64 billion loan that will be provided to Pakistan during the next 36 months on a quarterly disbursement of $545 million each. The Federal Finance Minister Ishaq Daar, Secretary Finance Dr Waqar Ahmad and Secretary Economic Affairs Nargis Sethi seem over-exuberant about this loan. They view it as elixir to heal all fiscal maladies Nawaz Sharif’s clueless government is suffering–but the first tranche of $545 million which they are expecting in the next few weeks is a little over what Pakistan has already paid back to the IMF during the first half of FY 2013– i.e. $340 million. 


As per SBP the government is doomed to pay back over $3 billion to the IMF before the end of September 2015. This clearly means that half of the promised $6.64 billion loan that they receive from the IMF over the next three years will be used to pay off old debts. As the old debts are cleared the new debts emerge, twice as big.


The Finance Ministry also expects in the next few months $1 billion from the World Bank as its President Dr Jim Yong Kim has recently approved it. The Asian Development Bank President Takehiko Nakao has given a nod for another $500 million loan to Pakistan.


The big picture that shows here is, will the Nawaz Sharif government run country’s economy for the next two years on these loans put together as a little over $8 billion? This amount is not enough to fill even Nawaz Sharif’s own coffer–because he is such a politician that if you make him in-charge of the Sahara Desert it would run out of sand.
Ishaq Daar is also over-optimistic about USAID to make some offer to Islamabad. Nawaz Sharif’s elder son Hussain Nawaz has recently approached the head of USAID Rajiv Shah–who studied with him at the London School of Economics in 1996, but Rajiv Shah is a staunch Hindu and is under the influence of Manmohan Singh,Shashi Tharoor and Salman Khursheed. That said, any monetary offer to Pakistan will be India-tied.


The Secretary Finance Dr Waqar is also naive about UK’s DfID headed by Justine Greening MP but the DfID Select Committee is headed by the Scottish Lib-Dem MP from Aberdeen, Malcolm Bruce, who is friends with Shashi Tharoor, Salman Khursheed andSonia Gandhi‘s son-in-law Robert Vadra. He visited India for a week (25 September to 02 October 2010) –all expenses (£3,300) were paid by India’s Ministry for External Affairs. Malcolm Bruce informed the author (Ejaz Hussain) in March 2013 that DfID had given to Pakistan over £380 million in 2012, they will give Islamabad £422 million in 2013, £480 million in the year 2014 and over £500 million in 2015. This will make around $2 billion that Britain will give to Pakistan over the next two years. If we add this amount to $8 billion above–Pakistan will have $11 billion by end of 2015. Canada’s CIDA, Japan’s JICA, the Saudi regime, Qatari/Kuwaiti Ameers and UAE monarchs have promised to give under $2 billion (put together) over the next two years–but there are no guarantees. 


As regards the Foreign Exchange Reserves (FER)–Pakistan had a little over $11 billion in April this year (2013). When Ishaq Daar paid Rs 326 billion (of the total Rs 503 circular debt) on 29 June 2013–Pakistan’s FER were just over $5 billion.


The figure of $5 billion will continue to pinch the Pakistani nation for the next five years–whether it was paid to the crony IPPs or the crony bankers. This is the figure that has purportedly disappeared from Pakistan’s FER. The SBP has also printed Rs 850 billion notes during the past few weeks. The Governor State Bank Yaseen Anwar, both Deputy Governors (Qazi Muqtadir and Arshad Wathra) and Secretary Finance Dr Waqar Ahmed are completely silent over this issue–what a Silence of the Lambs?

, ,

No Comments

Skip to toolbar