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Posted by razahamad in Nawaz "Badami Lassi Kim Barker Thurke" Sharif, Nawaz Dangerous, Nawaz Sharif & Kashmiri Biradari, NAWAZ SHARIF US & SAUDI AGENT, Nawaz Sharif US Agent, Nawaz Sharif Womanizer, Nawaz Sharif-The Prime Minister from Hell, NAWAZ SHARIF: THE LOOTER, Nawaz US Agent on August 25th, 2013
Nawaz Sharif is widely acknowledged to be a highly incompetent person, with a low mediocre IQ. level. The brain behind him was that of his late “Abba Jee” (‘daddy’) – the mastermind and the main decision maker behind the scene.
The following is an excellent programme exposing some of the corruption conducted by Nawaz Sharif by the host of DM Digital, Farhan Aslam, who also used to work for ARY Digital a few years ago. The report has been divided into six segments
After that Nawaz Sharif had completed his education, in the 3rd division in B.A from Govt College, Lahore as he got admission in Govt College Lahore, on recommendations, and he used to be called in the class as “Kuggoo’ because he never used to participate in the class nor replied to any question he has ever been asked by the lecturer, told by his class mates.
His father Mian Muhammad Sharif started him in the business. However, this proved a disaster. As a second option Mian Muhammad Sharif set him up with Pakistani actor Saeed Khan Rangeela to get him into acting (something which Nawaz Sharif wanted). A few days later Saeed Khan Rangeela sent his regrets to Mian Muhammad Sharif saying that his son was too dumb for acting and movie industry. Mian Muhammad Sharif then hired cricket coaches to train his son for cricket, but his physical fitness was too low for the sport. It is rumored that by mid-day on his first day at training Nawaz Sharif threw the bat down and left the stadium saying, “This is too tough for me.”
As a last resort he paid General Ghulam Jilani Khan a considerable sum of money to introduce Nawaz Sharif to General Zia-ul-Haq recommending him for a political post, who in turn made Nawaz Sharif the Finance Minister of Punjab.
( Gen. Gilani was not offered money, in fact he had been presented a ‘White Palace’ made on a 4-kanal corner plot in Lahore Cant and it was worth Rs. 4 crores then, a s said. It was just beautiful with Victorian style round porch with a running fountain in the center. But Mian Sharif, being business man, recovered many ’4 crores’ out of the son’s post of Finance Minister of Punjab, and it was sure that Nawaz Sharif would not be able to write his designation with correct spellings )
However, this was the day when the street thugs of Mohni Road had stepped on to becoming the national thugs of Pakistan.
After that Nawaz Sharif had completed his education, in the 3rd division in B.A from Govt College, Lahore as he got admission in Govt College Lahore, on recommendations, and he used to be called in the class as “Kugoo’ because he never used to participate in the class nor replied to any question he has ever been asked by the lecturer, told by his class mates.
His father Mian Muhammad Sharif started him in the business. However, this proved a disaster. As a second option Mian Muhammad Sharif set him up with Pakistani actor Saeed Khan Rangeela to get him into acting (something which Nawaz Sharif wanted). A few days later Saeed Khan Rangeela sent his regrets to Mian Muhammad Sharif saying that his son was too dumb for acting and movie industry. Mian Muhammad Sharif then hired cricket coaches to train his son for cricket, but his physical fitness was too low for the sport. It is rumored that by mid-day on his first day at training Nawaz Sharif threw the bat down and left the stadium saying, “This is too tough for me.”
As a last resort he paid General Ghulam Jilani Khan a considerable sum of money to introduce Nawaz Sharif to General Zia-ul-Haq recommending him for a political post, who in turn made Nawaz Sharif the Finance Minister of Punjab.
( Gen. Gilani was not offered money, in fact he had been presented a ‘White Palace’ made on a 4-kanal corner plot in Lahore Cant and it was worth Rs. 4 crores then, a s said. It was just beautiful with Victorian style round porch with a running fountain in the center. But Mian Sharif, being business man, recovered many ’4 crores’ out of the son’s post of Finance Minister of Punjab, and it was sure that Nawaz Sharif would not be able to write his designation with correct spellings )
However, this was the day when the street thugs of Mohni Road had stepped on to becoming the national thugs of Pakistan.
The day Nawaz Sharif had become Finance Minister, the entire family’s earnings were few million rupees and had only one re-rolling mill. From there they went on to: Ittefaq Sugar Mills was set up in 1982, Brothers steel in 1983, Brother’s Textile Mills in 1986, Brothers Sugar Mills Ltd in 1986, Ittefaq Textile units in 2-3 in 1987, Khalid Siraj Textile Mills in 1988, Ramzan Buksh Textiles in 1987, Farooq Barkat (pvt) Ltd in 1985. (All on loans from the government as Ziaul Haq used to sign on his loans requests and also on loan writing off requests. That is why when PPP Govt.took-over and the written off loans were calculated by the first Public Accounts Committee, there were two at the top i.e. Choudhy brothers, 22 billions, repeat billions and Mian Sharif 21 billion, all written off by Ziaul Haq. It is still on record in PAC Report of 1989.) By the time of Zia ul Haq’s fateful plane crash, Mian Muhammad Sharif’s family was earning a net profit of US$ 3 million, up from a few million rupees. By the end of the decade their net assets were worth more than 6 billion rupees, according to their own admission, nearly US$ 350 million at the time. But this turned out to be small-change when Nawaz Sharif became the Prime Minister.
When Nawaz Sharif became prime minister, the group took a decision to secure project loans from the foreign banks and only working capital was taken from the nationalized commercial banks. The project financing from foreign banks was ostensibly secured against the foreign currency deposits, a number of which were held in benamee accounts, as repeatedly claimed by Interior Minister Naseer Ullah Babar at his press conferences. In 1992 Salman Taseer released an account of Nawaz Sharif’s corruption stating that the family had taken loans of up to 12 billion rupees, which were never paid back. On March 2, 1994, Khalid Siraj, a cousin of Nawaz Sharif claimed that the assets of the seven brothers were valued at Rs 21 billion.
During the Afghan-Soviet War Nawaz Sharif’s cousin and brother-in-law, Sohail Zia Butt started working under the drug baron Mirza Iqbal Beg, then Pakistan’s second biggest drug lord after Ayub Afridi. Mian Muhammad Sharif and his sons had a permanent share in his gambling and heroin business. In 1990 Suhail Butt won a seat on the Islami Jamhoori Ittehad ticket in the Punjab Assembly. It was through Sohail Butt’s association that Nawaz Sharif became a close associate of Mirza Iqbal Beg. It was through him that Nawaz Sharif became benami owner of many of the privatized government entities, such as Muslim Commercial Bank. Sohail Zia Butt other than getting involved in the drug business made billions in the co-operative societies’ collapse, mainly through the National Industrial Credit and Finance Corporation. It was Nawaz Sharif’s share in his cousin’s drug business which he used to buy off the generals thereby delaying the inevitable dismissal of his government.
In 1995 when Mirza Iqbal Beg was imprisoned, Sohail Zia Butt took over his drug empire. It was at this time that he became one of the biggest drug and crime bosses in Pakistan and was nicknamed the “King of Heera Mandi” and at one time all six underworld gangs of Lahore were working under him.
By 1995 family’s declared annual profits from industrial units had increased 1500% from US$ 30 million to staggering US$ 400 million.
This is the short version of how in mere 15 years small street thugs running gambling dens became leaders of a country running narcotics, underworld and smuggling empires, untouched by everyone.
—————-
part 2
Nawaz Sharif’s only agenda was to make money. In order to achieve this goal, he formed/changed laws and policies for his personal benefit and expanded his business empire by misusing his authority as Prime Minister. Interestingly enough and ironically, the PPP played a major role in exposing the corruption of Nawaz Sharif and his family. The Jamaat-e-Islami had also leveled a number of corruption allegations upon Nawaz Sharif. As we know, later Sharif and his cronies also played a role in exposing the corruption of Benazir Bhutto and her PPP. In other words, both Sharif and Bhutto have been busy over the years actively accusing each other of committing corruption.
Nawaz Sharif is widely acknowledged to be a highly incompetent person, with a low mediocre IQ. level. The brain behind him was that of his late “Abba Jee” (‘daddy’) – the mastermind and the main decision maker behind the scene.
In order to consolidate and attain more power, N. Sharif attacked every individual and institutions he felt could get in the way challenge his authority. In order to get rid of the then Chief Justice Sajjad Ali Shah, who was despised by Sharif, the later created divisions among the judges to make life difficult for the Chief Justice. A group of judges refused to acknowledge Shah as the Chief Justice and things got so bad that a number of junior judges put hurdles in the way of the Chief Justice in order to make it difficult for him to carry out his duties. Eventually, Sharif ordered his thugs to attack the Supreme Court in order to prevent the Chief Justice from giving a ruling against him.
The police did nothing to stop Sharif’s thugs as they attacked and entered the Supreme Court. The judges inside the building barely managed to escape. The thugs, led by Sajjad Naseem and Mushtaq Tahir, Nawaz Sharif’s political secretaries, entered the court chanting anti-Sajjad slogans and destroyed the furniture.
Next, consider Nawaz Sharif’s relationship with the press and media. Two examples will suffice. On 8th May 1999, Najam Sethi, a prominent journalist of Pakistan, was arrested by the police on the orders of Sharif. Sethi has committed the crime of annoying Nawaz Sharif by writing a critical essay against him. The police broke into Sethi’s house at around 2 am and beat him up in his bedroom in front of his wife, after which he was transported off to a secret location. The police trashed Sethi’s house, broke the furniture and beat him up quite bad. Sethi was only released after a lot of international pressure had built up against Sharif. Sharif also demanded the Jang Group to get rid of all the journalists who were critical of him. To achieve this goal, Sharif and his cronies used a variety of legal and illegal means to pressure the Jang Group into compliance.
There is probably no institution in Pakistan which Nawaz Sharif did not aggressively confront in order make them comply to his wishes. Besides picking on a fight with the President, the Judiciary and the already restricted/limited media, Sharif also decided to have a confrontation with the army, the only viable institution left in Pakistan. Chief of Army Staff, General Jehangir Karamat, and Nawaz Sharif had a conflict over an issue pertaining to the national security council and both entered into a heated discussion, after which Gen. Karamat had to offer his resignation. Jehangir Karamat thus became the first Chief of Army Staff in the history of Pakistan to have left the army in this prematurely in this manner.
One by one all challenges and potential obstacles were removed from the way by Nawaz Sharif. Ghulam Ishaq Khan, Farooq Leghari, Sajjad Ali Shah, and Jehangir Karamat, as well as others, were all removed from the scene by Sharif.
After the removal of Jehangir Karamat, Sharif appointed Pervaiz Musharraf as the Chief of Army Staff. Some analysts at the time said that Sharif made this decision thinking that Pervaiz Musharraf was an Urdu speaker and did not belong to a Punjabi army family, thus very unlikely to be a threat to Sharif!
Things became sour between Sharif and Musharraf during the Kargil episode. Later, once a relative of Sharif was removed from the army by Musharraf, that was the final nail in the coffin. Sharif then decided to take his revenge and replace Gen. Musharraf with a fellow of his liking who would be controllable (the head of the ISI. at the time).
Those who think Nawaz Sharif is their leader should think twice. People of Pakistan can not be fooled by these thugs leaders in 21st century
Abbajee's Prodigal son, Corrupt Asif Zardari, Corruption Volcano, Nawaz Sharif US Agent Nawaz Sharif Womanizer Nawaz Sharif-The Prime Minister from Hell NAWAZ SHARIF: THE LOOTER Nawaz US Agent
Posted by Mahi Ali in LIAR POLITICIANS, LOAN Thieves, Nawaz "Badami Lassi Kim Barker Thurke" Sharif, Nawaz Dangerous, NAWAZ SHARIF, Nawaz Sharif & Kashmiri Biradari, Nawaz Sharif Dangerous Man, Nawaz Sharif Massive Corruption, NAWAZ SHARIF MUZZLES PRESS, NAWAZ SHARIF SAGA OF ABSOLUTE & CHRONIC CORRUPTION, NAWAZ SHARIF US & SAUDI AGENT, Nawaz Sharif US Agent, Nawaz Sharif Womanizer, Nawaz Sharif-The Prime Minister from Hell, NAWAZ SHARIF: THE LOOTER on August 23rd, 2013
Nawaz belonging to a conservative family with religious bent of mind shot into prominence on the political landscape because of patronage of Gen Zia. He became chief minister Punjab during PPP’s first tenure from 1988 to 1990. During the 1970s when ZA Bhutto was in power, his autocracy and rigging in 1977 elections brought all political and religious parties on single platform. Slogan of ‘Islam in danger’ was used to energize Nizam-e-Mustafa movement and to push Bhutto against the wall and to impel Zia to take over the reins of the country in July that year.
Nawaz had witnessed the charged sentiments of the people desiring Islamic system. After seeing the downfall of all-powerful Shah of Iran and takeover of an Islamic government in March 1979, he then saw how tenaciously the Islamists fought the Soviet forces in Afghanistan against heavy odds for a decade and ultimately defeated the super power. Pakistan had a key role in the war. He had also observed the contrasting role of Al-Zulfiqar led by Bhutto sons getting assistance from Syria, Libya, Afghanistan, India and USSR and indulging in anti-state activities throughout the Afghan war.
During Nawaz’s first tenure from 1990 to 1993, Shariah Act was passed by National Assembly in May 1991, which made it obligatory for Muslims to follow injunctions of Islam. He watched the peaking of freedom movement in occupied Kashmir and the valor of Kashmiris resisting the might of over 700,000 Indian security forces and braving their gruesome brutality. It had led to emergence of several Jihadi groups in Azad Kashmir. In the 1990s, religious extremism and sectarianism had intensified as consequence to fallout of Afghan Jihad, uprising in Kashmir and support of Saudi Arabia and Iran to sectarian outfits. Al-Qaeda under Osama bin Laden had also turned its guns against US targets in the region. While Pakistan was under US sanctions and had virtually been abandoned, India taking advantage of its strategic alignment with USA had stepped up its diplomatic efforts to get Pakistan branded as a terrorism abetting state.
Nawaz Sharif gained two-thirds majority in 1997 elections and was unquestionably the most populous leader in the country in that timeframe. One reason of his popularity was that he had wrongly been denied the right to rule by the then President Ghulam Ishaq Khan after he was reinstated by Supreme Court in April 1993. The other reason was the poor showing of Benazir Bhutto (BB) led government and corruption scandals of her spouse Zardari during the two stints in power. Shifting the power policy from hydro to highly expensive thermal power through IPPs laid the foundation for energy crisis. The PPP misrules had caused severe damage to democracy, restored in end 1988 after the eleven year rule of Gen Ziaul Haq and his death in air crash in August 1988.
Under the religiously charged geo-political environment and his own conservative background, if Nawaz had desired introduction of Shariah after obtaining a heavy mandate in 1997 and had got Shariah bill passed from the Lower House, his longing was neither out of context nor against the wishes of the great majority in Pakistan. Although he never mentioned that he wanted to become Ameerul Momineen of an Islamic Emirate, his detractors attributed it to him out of malice for Islamic system. Secular writers keep taunting him that he had become so intoxicated with power that he vied to become Ameerul Momineen. Seculars in Pakistan are thankful to Gen Musharraf for dashing his dreams and saving Pakistan from becoming an Islamic State. It is a different matter that secular lawyer community cooked the goose of Musharraf, the sponsor of concept of enlightened moderation.
Both BB and Nawaz vied to wear the crown for the third time during their exile. BB was not lucky to accomplish her wish for she was murdered on December 27th, 2007 when the crown was within her grasping reach. Nawaz had to wait longer and had to wade through thorny path but ultimately succeeded in becoming PM for the third time in June 2013. People say it was because of his closeness with religion and sincerity of purpose that he was bestowed with this near impossible honor and create history.
Much against general perception of hung parliament, PML-N once again managed to obtain heavy majority in the centre and in Punjab and was in a comfortable position to make its government in Balochistan and in Khyber Pakhtunkhwa (KP). Nawaz generously allowed National Party led by Dr Malick to form a government in Balochistan and his rival PTI in KP thereby burying cut-throat politics of manipulation. Seized with the magnitude of problems gifted to him by PPP led regime, his team has started to tackle complex problems to stem the rot of inefficiency and corruption which have destroyed state corporations.
Nawaz’s address to the nation has evoked barrage of criticism from PPP stalwarts. Ill-famed Aitzaz Ahsan and reviled ex PM Raja Rental who had miserably lost elections from his home constituency had the audacity to say that his address was disappointing. They forget their own disappointing and shameless roles. Aitzaz sucked up to Zardari to acquire Senate seat. While defending Gilani charged with contempt of court, he made a u-turn in his stance on writing a letter to Swiss authorities and strongly advocated that Gilani was right in not writing a letter since president enjoyed immunity.
How has Nawaz failed to tackle decade old terrorism as claimed by him in his two-month old rule and that too in the absence of national security and counter terrorism policies and above all, conflicting views of political parties and public whether it is our war or someone else’s war, and whether we should continue fighting or negotiate? In the backdrop of existing anomalies lingering since Musharraf’s era, what was so drastically wrong on part of Nawaz to say that the government is ready to exercise both options of talk and fight and will choose the one agreed upon by all stakeholders.
Nawaz is not confused; it is Jayalas like Raja Ashraf and Aitzaz who are flabbergasted since none listen to them. Instead of appreciating the economic wizard Ishaq Dar managing to pay off Rupees 480 billion circular debt in quick time and increase electricity generation to 17000MW to provide immediate relief to the people and let them keep fasts and celebrate Eid in peace, PPP leaders are dejectedly questioning as to how the debt was retired. Asif Khawaja is relentlessly chasing the electricity thieves, bill payment defaulters and corrupt elements and is checking line losses. Gas and power theft is consuming Rupees 150-200 billion while FATA, settled areas of KP and some other regions are hardly paying any electricity dues. Besides activating Nandipur and Neelum-Jhelum projects, China has shown willingness to help ease energy crisis. Efforts are already underway to exploit coal as an alternative source of energy. World Bank and ADB have now shown readiness to fund Bhasha dam.
Why should Nawaz have spelled out terms of negotiations with TTP before hand? Does he as a lawyer show his cards before hand while defending his client or prosecuting his opponent in law courts? This is called criticism for the sake of criticism when one has nothing concrete to offer.
Concerning security plan about which the two had never spoken earlier, Interior Minister had already informed the nation that both national and counter terrorism policies would be presented by the end of this month. If the security forces have fought the war for a decade without these policies, I reckon we can afford to wait for few more weeks. DCC (now renamed) meeting chaired by the PM and attended by all Service Chiefs and CJSC has been held on 22 August to take stock of internal and external security matters and it has been decided that talks will be held with only those who surrender arms.
Raja Ashraf says that Nawaz had nothing to offer but vague promises. I am sure his repeated firm promises he made to the nation to end load shedding must be haunting him. While Aitzaz distinctly remembers the promise made by Shahbaz Sharif during election campaign to end load shedding, he doesn’t remember Raja Ashraf’s false promises and his disastrous RPP project. Nandipur and Neelum-Jhelum hydro projects capable of overcoming energy crisis were immobilized because of lethargy and incompetence. While Kalabagh dam was scored off at the very outset, no progress was made on Diamer-Bhasha dam.
Aitzaz’s lament that the PM didn’t announce any mega project for Balochistan is far from truth. Balochistan will benefit the most from the projected development of Kashgar-Gwadar Highway. Gadani coal projects will add to the prosperity of the province. Above all, letting nationalist leaders to hold two highest portfolios in the province is a clear indication that Nawaz is determined to address the grievances of Balochistan.
Aitzaz said that PPP is thinking of moving Supreme Court on Nandipur issue. It dare not for its cupboards are full of skeletons. PPP leading lights must first return back the stolen wealth before casting stones on others and holding them accountable. The last regime has left behind such a huge mess that it is impossible to clean it in months. The stink is too foul and nauseating which will take time to fade away. Piplas are rightly perplexed to see the fast occurring changes since they had spent their five years in looting and merrymaking and had run the affairs of the state by printing Rupees three billion currency notes daily.
The writer is a defence analyst and a freelance analyst. [email protected]
Posted by Dr. Salman in " RIAZ THE SHAITAN OF PAKISTAN, Nawaz "Badami Lassi Kim Barker Thurke" Sharif, Nawaz Sharif & Kashmiri Biradari, Nawaz Sharif Dangerous Man, Nawaz Sharif Massive Corruption, NAWAZ SHARIF MUZZLES PRESS, NAWAZ SHARIF SAGA OF ABSOLUTE & CHRONIC CORRUPTION, NAWAZ SHARIF US & SAUDI AGENT, Nawaz Sharif US Agent, PAKISTAN AIR FORCE'S BIGGEST ENEMY NAWAZ SHARIF, Pakistan Army's Biggest Enemy Nawaz Sharif, PAKISTAN BILLION RUPEES LOAN DEFAULTER, PAKISTAN ENERGY FRAUD, PAKISTAN'S CORRUPT MEDIA on August 11th, 2013
Nawaz Sharif is back. And back with a big enough chunk of parliament that he won’t have to form a coalition government. After a record number of Pakistanis showed up at the polls and dumped the delinquent Pakistan People’s Party out of power, many Pakistanis have rejoiced with hope that their country is on the brink of a new period of prosperity.
We don’t want to rain on anyone’s parade but we don’t share that optimism. Not so long ago Nawaz Sharif wasn’t much more than a corrupt thief, like many of his colleagues in the Pakistani civilian political elite. He and his party have visible links to some very nasty groups of sectarian militants, especially in the Punjab, a PML-N stronghold. Pakistan’s deep state, where the real power lies, doesn’t seem likely to let Sharif do more with his time in office than take the blame for the government’s inevitable failures and economic setbacks.
Sharif will get blamed for all the potholes on Pakistan’s terrible streets, all the hours when the electricity isn’t running, all the schools that aren’t open and all the jobs that aren’t being created. And as ever, the parliamentary majority is for sale and doesn’t represent a coherent political force, except when it comes to fighting for spoils and graft.
Pakistan is on the brink of a new era but only in the sense that one group of corrupt politicians have been dumped out of office in exchange for another group of equally corrupt civilians. The country still faces the same problems it faced five years ago and will likely face five years from today.
This article was written before the Pakistan Election and is proving to be prophetic. Well done Russel Meade!
Posted by Fawad Mir in ADHD NAWAZ SHARIF, BUNGLER NAWAZ SHARIF, Nawaz "Badami Lassi Kim Barker Thurke" Sharif, Nawaz Dangerous, Nawaz Sharif & Kashmiri Biradari, Nawaz Sharif Dangerous Man, Nawaz Sharif Massive Corruption, NAWAZ SHARIF MUZZLES PRESS, NAWAZ SHARIF SAGA OF ABSOLUTE & CHRONIC CORRUPTION, NAWAZ SHARIF US & SAUDI AGENT, Nawaz Sharif US Agent, Nawaz Sharif Womanizer, Nawaz Sharif-The Prime Minister from Hell, NAWAZ SHARIF: THE LOOTER on August 3rd, 2013
a US Tout, Nawaz "Mir Jafar"Sharif, Nawaz Sharif, Pakistan Ka Ghadaar Nawaz Sharif, US Ka Lotta Nawaz Sharif
Lahore citizens crammed into an operational Metro Bus. PHOTO: ONLINE
According to the Punjab government, 30 billion rupees is the amount of money spent on the Lahore Metro Bus Service. The actual figure may be a lot more, but let’s just take their word for it and apply a bit of perspective to it instead.
Overall the entire allocated money for Punjab infrastructure development is Rs63 billion which means that 50% or half of the development budget of Punjab was spent in Lahore.
This excludes the cost of the numerous underpasses and overhead bridges that were built in Lahore.
Compare this Rs30 billion to the Rs16.5 billion allocated to the health sector for the entire province of Punjab. Just imagine if this same budget, allocated to the metro service was spent on the health sector instead.
A state of the art hospital like the recently developed Rawalpindi Institute of Cardiology was built within Rs2.8 billion, taking that as our benchmark, we would have been able to build 10 such hospitals with the RS30 billion spent on the Metro Bus!
An interesting perspective, right?
Compare this with the Rs25 billion development budget for education in Punjab for the current year. From this 25 billion a total of Rs5 billion was spent on giving away laptops. Although the goodwill gesture behind the act remains, pragmatism is in severe dearth. Unfortunately, the schools in this country lack basic infrastructure, sanitation and clean drinking water – laptops are a far off dream.
Some may think Punjab as a province is able to afford suchshenanigans but a close look at the economic situation of the province gives a very different picture.
In these hard economic times, under the PPP government, it is Punjab that is the worst performing province.
The province’s annual average growth rate of 2.5% between 2007 and 2011 lagged far behind the 3.4% for the rest of Pakistan, according to the Lahore-based Institute of Public Policy (IPP). Over 83% of the Rs783 billion Punjab budget for the current year will be financed by federal transfers and 12% by provincial tax revenue.
The more worrying factor is that Punjab is generating very little revenue of its own and the provincial government has completely failed to address this problem, in fact it is making it worse by spending billions on projects which will further strain the treasury.
Interestingly, very little is being said about the running cost of the Metro Bus Service as the costs have not been ‘calculated yet’ but conservative estimates are that the subsidies would cost the government a minimum of Rs1 billion a year.
This project has the potential to become another state owned bleeding giant.
This is reckless spending which matches the obsessive behaviour of emperors from not so democratic times. Pakistan is set for harder times economically and the leaders are demonstrating absolutely no sense what so ever or any serious intent to address the actual problems this country faces.
I believe that the Metro Bus Service has nothing to offer this country except further economic misery.
* All figures quoted from the Punjab government site.