PML-N leader Nawaz Sharif made financial gains of $418 million during his twice stints as Prime Minister of the country, according to a book entitled Capitalism’s Achilles Heel by Raymond W Baker.
The book is a dossier on the corruption of most dominated political families in the history including Nawaz Sharif and how they accumulated their properties, factories and enormous wealth.
According to the book, at least $160 million were pocketed by Nawaz Sharif during his first stint as the Prime Minister in the 1990, from a contract to build a highway from Lahore, his home town, to Islamabad, the nation’s capital.
At least $140 million in unsecured loans from Pakistan’s state banks. More than $60 million generated from government rebates on sugar exported by mills controlled by Mr. Sharif and his business associates.
At least $58 million skimmed from prices paid for imported wheat from the United States and Canada. In the wheat deal, Mr. Sharif’s government paid prices far above market value to a private company owned by a close associate of his in Washington, the records show. Falsely in?ated invoices for the wheat generated tens of millions of dollars in cash.
The book review went on to state that “The extent and magnitude of this corruption is so staggering that it has put the very integrity of the country at stake.”
Under Sharif, unpaid bank loans and massive tax evasion remained the favorite ways to get rich.
Upon his loss of power the usurping government published a list of 322 of the largest loan defaulters, representing almost $3 billion out of $4 billion owed to banks. Sharif and his family were tagged for $60 million.
Like Bhutto, offshore companies have been linked to Sharif, three in the British Virgin Islands by the names of Nescoll, Nielson, and Shamrock and another in the Channel Islands known as Chandron Jersey Pvt. Ltd. Some of these entities allegedly were used to facilitate purchase of four rather grand flats on Park Lane in London, at various times occupied by Sharif family members.
In 1999 Musharraf had Sharif probed, tried, convicted, and sentenced to life in prison, but then in 2000 exiled him to Saudi Arabia. Twenty-two containers of carpets and furniture followed, and, of course, his foreign accounts remained mostly intact. Ensconced in a glittering palace in Jeddah, he is described as looking “corpulent” amidst “opulent” surroundings.

MNS OR MNC?

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MNS OR MNC?

by Zuha Saeed.

The modern world of today is dominated by GIANT corporations,also called MNCs,the Multi National Corporations..operating usually in 2 or more countries at a time,they are huge in financial terms,lot many of them are even larger than the economies of most Asian,African n South American countries.
Under d façade or their deceptive stated objectives the single driving force behind ALL these MNCs is PROFITS..they are there to make money for themselves and their stakeholders..NO LESS NO MORE,PERIOD..
The characteristics or operating principles are of common roots,they are TRANS BORDERS,for them no geographical line on a map or on ground matters..for profits they can operate in ANY territory,they can collaborate with any individual or join hands with any similar concern with similar motives..for them religion,nationality,colour creed and at times national interest have no meaning..eg,during the tight days that passed between Russia and America/NATO their multinationals were doing booming business within Russia..churning huge PROFITS..
these MNCs opened up in china before most of the European nations opened their embassies in Beijing..at the face of it,on numerous occasions the situation was “touch and go” but the MNCs were fully entrenched and making money, caring two hoots for what others thought and said..

In Pakistan ,one of the most declared dangerous country for any white skinned man,on so many occasions the local public went anti american or anti west for one reason or another, precious lives were lost in hostile demonstrations too..companies like McDonald,KFC,METRO,pizza hut were threatened to be blown up,BUT NOT ONE OUTLET WAS SHUT DOWN any where within the territory..what ever was said,but deep down,THEY NEVER SHRUGGED TO ANY DANGER involving somebody else’s life on their property..thus multi national CORPORATIONS operate with their own minds and single point agenda..MAKE MONEY,nothing can shut them down until they STOP MAKING money,that’s the time,THEY JUST PACK AWAY.

Of late,MUMLIKAT E KHUDAD e PAKISTAN has also seen a SIMILAR creation,,MIAN MUHAMMAD NAWAZ SHARIF..he may LOOK different BUT has a mind of an MNC for sure..

at the time of kargil war in 1999 when our country was burying her dead soldiers HIS sugar mills were exporting sugar to india,the same adversary who was BUTCHERING our soldiers on the mountains,,to add insult to the injury,at that time sugar was cheaper in india compared to pakistani export price,OUR MNC played a stroke of genius,OUR SUGAR WAS SUBSIDIZED BY THE GOVT TO BRING DOWN ITS PRICE TO THE LEVEL OF INDIAN DOMESTIC MARKET PRICE..ur and my tax money was spoofed up to sell cheaper sugar to india ,while HIS MILLS MADE PROFITS !!

then,when OUR country was passing such bad days that FOREIGN CURRENCY ACCOUNTS WERE CEASED,few BILLION dollars were invested by him and his kin in foreign countries to secure tem for times to come.he is on record owning properties in at least 6 foreign lands that include urban mansions,flats,high rise buildings,some like the infamous ill-ford plaza that singly costs over 500 million pound sterling,and a STEEL MILL in saudi arabia too,apart from all this a HUGE property management system in UK run by his son..HE SECURES HIS PROFITS WELL AND AWAY FROM THE DANGER ZONE WHERE HE CAN NOT LOOSE THEM.

HIS story does not end here..
Just for the historic records..we are fighting the Indians in siachin for the last 34 years,
the Pakistan army is standing posts all along the Kashmir border right from d day of our creation,

We have KASHMIR dispute with the Indians,a territory larger than MOST European countries of today,
We have other MASSIVE land and WATER disputes with our neighbour,
ch nisar the sitting interior minister is on record saying that INDIA is involved in supporting terrorism in Pakistan,the latest Karachi air port incident was ALL carried out by hard ware made in India..
India has played every possible trick in her hat to malign Pakistan on the international forums too,,they have blocked our entry into UN security council,they have stopped ANY major seminar,gaming event or even a conference of international repute to be held on our soil in last 66 years…
they have their hand within Pakistan in fanning sectarianism,shia-sunni issue,spinning the Baluchistan insurgency from as late as mid 70s till its present dimensions.RAW has been physically involved in exploding bombs on Pakistani soil killing our innocent citizen..
we already have fought 6 large to medium scale conflicts with the Indians and military experts forecast a conflict involving the 2 nuclear states in a bloody war in near future,owing to so many prevailing unresolved conflicts..
since 1947,in the exodus of population upon partition,numerous military bouts and terrorism related incidents involving india ,PAKISTAN has lost hundreds of thousands of its sons..NOW,our beloved prime minister wants to give THIS ROWDY NEIGHBOUR OF OURS the status of MFN (most favoured nation)? He also wants to give INDIA access on pakistani roads/motor ways to reach into Afghanistan and CARs (the Central Asian Countries).

He has met ALL big n influential INDIAN business men in recent years exploring his own and to an extent SARKARI business too,,he has met mr mittal in india during his last,but WELL PUBLICIZED visit,exploring the possibility of setting up a steel mill on Indian or a NEW neutral territory.

His personal friends includes a list of WORLD leaders like ex PM of Lebanon mr harreiri,previous n present PMs of turkey,crown princes/princes of SAUDI ARABIA,UAE n few gulf countries with whom his BIZ LINKS HAVE been established and verified over a period of time,,presidents of china and south Korea,heads of giants like DAEWOO,Hitachi and Mitsubishi r the type of his biz partners..few mention BAJAJ,TATA nad MITTALS of india in this august list too.

Being the PM of one of the poorest countries on this planet,a war trodden state still looking for some light and direction.we are the 6th largest population on this planet with 60% of us living under a dollar a day,and he is ALL OVER THE GLOBE.,and THESE ARE HIS PERSONAL ACHIEVEMENTS !!..WITH NO FRONTIERS OF GEOGRAPHY,NO SHACKLES OF RELIGION AND HONOUR TO BIND HIM..

he is a declared BILLIONAIRE worth 1.4 billion US dollars by Forbes USA.
35 years on top political positions in Pakistan,3 time OUR PM,twice CM of Punjab,that by itself is a world record and he is part of the GUINNESS BOOK OF RECORDS..this is where he stands AS OF TODAY.

What else can one dream off…HAS HE GONE IN SANE?

NO sir,not at all,,THE MAN IS BEYOND THESE PETTY ISSUES that can irk an OLD FASHIONED/PATRIOTIC/LOYAL PAKISTANI MIND.
for him the only thing that matters is PROFITS.his personal gains take priority over ALL other worthless issues that come in his way.and historically he has proven it on numerous occasions.For him our ideology,the 2 nation theory,our struggle to make Pakistan,the blood of our shaheeds,the religious indifference,the KASHMIR DISPUTE and our CHOKING water courses can be resolved by running Indian trucks on Pakistani motorways while paying TRANSIT FEE to his govt for increasing his SPENDING ABILITY..all these issues THAT CAN BOTHER A THINKING PAKISTANI MIND can be changed into NON ISSUES if the man on the street starts eating cheaper indian onion,potato or eats INDIAN live stock.

For MNS every thing REVOLVES AROUND PROFIT AND MONEY,EVERY THING IS SELL-ABLE IF MNS CAN MAKE SOME CASH,the basic principle that drive a corporation.
He truly has his eyes focused on the right spot,,PROFITS,to him nothing else matters..time we give him his true stature,he is A TRUE MULTINATIONAL FROM PAKISTAN..

Anti-Armed Forces Nawaz Sharif, Army Hater Nawaz Sharif, Bewildered and Confused Nawaz Sharif

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Archive for category Nawaz ‘s Dauphin

REVELATION: Election 2013 – The Juggernaut

PMLN WOULD DO ANYTHING TO GET THIS VIDEO

$418m corruption by Nawaz during his stints as PM: Book

The Line of Fire-Musharraf

The Line of Fire-Musharraf

Once upon a time we had bold and well informed leaders who could take on the hostile Indian journalists but our own journalists destroyed him through negative propaganda.

MNS OR MNC?

MNS OR MNC?

by Zuha Saeed.

In power, it’s performance that matters, not seniority

In power, it’s performance that matters, not seniority

Ashraf Mumtaz

Just a brief mention of the decisions taken by Mr Modi after taking over would give the PML-N leader – and others – an idea of what the new Indian leader plans to do for his country.

The new Indian prime minister is also said to have issued a directive to his ministers: not to give their relatives jobs in ministries, especially for their personal assistance.
A recommendation for the purpose had been made by the upper house in the past, but the Indian government remained unmoved.

It’s the Modi government which is determined to enforce the recommendation.

According to the Indian media, ministers have been directed not to award contracts of projects in their jurisdiction to their relatives.

Fairness demands that Modi’s decisions should be commended.

It is said that Indians have stashed trillions of dollars in foreign banks, and in case the new government succeeds in bringing them back, it will not have to impose taxes on people for several years.

There is no reason to say that Modi’s initiative will not yield results. A leader who himself doesn’t have ill-gotten wealth is not expected to let others involve themselves in corrupt practices. And he will go to any extent to claw back the ill-gotten money lying in foreign banks.

Now, let’s have a glance at the policies that the third-time Prime Minister Sharif has been pursuing.

Opposition leaders have been urging the prime minister and Mr Dar to bring their own money back to Pakistan first, but both the ‘saviours’ don’t say if they would ever do so.

PPP Senator Aitzaz Ahsan said recently that although Mr Sharif was urging British investors to invest in Pakistan he himself was the third biggest Asian investor in Britain.

Since the rulers are not willing to take the risk of bringing their money to Pakistan,

nobody else is expected to follow suit. And Mr Dar’s efforts to bring back the looted $200 billion would remain confined to files.

As for Modi’s directive that ministers should not employ their relatives in their ministries,

The Indian media said that Prime Minister Modi had kept his relatives away from his swearing-in ceremony.

Here in Pakistan all family members, relatives, relatives of relatives, friends and friends of friends were present at the swearing-in of Prime Minister Sharif. Still, it’s true that our prime minister is senior to the Indian leader.

Reference