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Posted by admin in CORRUPT ROGUE NAWAZ SHARIF, Nawaz & Shahbaz Sharif's Business Scams, NAWAZ SHARIF & PROSTITUTES, Nawaz Sharif & Shehbaz Sharif Pornography Business, Nawaz Sharif :Abbaji Da Nikama Puttur.", Nawaz Sharif Dangerous Man, NAWAZ SHARIF FAMILY TURPITUDE, NAWAZ SHARIF LOAN SCAM, Nawaz Sharif Malcontent, Nawaz Sharif Massive Corruption, NAWAZ SHARIF THIEF, NAWAZ SHARIF US & SAUDI AGENT, NAWAZ SHARIF US CIA ASSET IN PAKISTAN, Nawaz Sharif Womanizer, Nawaz Sharif's Toads, Nawaz Sharif-The Prime Minister from Hell, Pakistan's Debt Bomb, PIA Destruction By Nawaz Sharif, PMLN Choor on May 13th, 2019
A special brief report by J. Choudhry/Editor Corporate Ambassador. This report is based on the data of the Ministry of Finance, posted below. It makes clear each and everything.
Can you believe it that this country of poor had paid $50 billion worth mark-up on loans obtained from the domestic and foreign institutions in the last four years, from 2013-14 to 2016-17? According to the Finance Ministry’s budget reports, in 2013-14 the PML(N) government spent $12 billion (Rs 1147.8 billion) on payment of mark-up against domestic and foreign loans. In 2014-15, another $13 billion worth amount (Rs 1303.7 billion) spent on payment of interest on loans, whereas, in 2015-16 the payment of mark-up on loans amounted to about $12.40 billion (Rs 1263.56 billion). In the last financial year, 2016-17 (ended in June-2017), the PML(N) government spent another $13 billion (Rs 1348.43 billion) for payment of mark-up (sood/usury) on loans.
Thus in four years of PML(N) government, the country has spent a massive amount, equal to $50 billion on the payment of mark-up. It does not include the amount spent on repayment of loans, domestic and foreign. In last four years, the government had obtained about $58 billion worth loans, mostly from the domestic resources —- domestic banks and State Bank of Pakistan while foreign lenders like IMF and others did not provide a big amount of money for budgetary support.
Pakistan Stock Exchange has suffered massive losses in recent months and the PSX-100 index had skipped to about 40,237 points on Oct 12, 2017, from 52,000+ points on May 16, 2017, and 53,000+ points in Jan-2017. Increased political tug of war in Panama case and after the disqualification of Nawaz Sharif that things have worsened on the economic and political fronts in the country. The PML(N) govt has deliberately ruined the economic stability perhaps to take revenge of Panama case from Pakistan and Pakistanis.
Foreign exchange reserves of Pakistan have also declined by more than $4 billion since Nov-2016 when reserves stayed above $24+ billion and now at below $20 billion. Table of forex issued by State Bank of Pakistan is posted below.
Posted on by Javed Mahmood (J. Choudhry) _ Editor Corporate Ambassador
Posted by admin in CORRUPT ROGUE NAWAZ SHARIF, NAWAZ SHARIF BUZDIL KARGIL BHAGHORA, Nawaz Sharif Massive Corruption, NAWAZ SHARIF SAGA OF ABSOLUTE & CHRONIC CORRUPTION, Nawaz Sharif Scams, NAWAZ SHARIF US CIA ASSET IN PAKISTAN, Nawaz Sharif's Toads, Nawaz Sharif-The Prime Minister from Hell, NAWAZ SHARIF: THE LOOTER, Nawaz US Agent, PAKISTAN SHINING, PAKISTAN'S CORRUPT POLITICAL PARTIES:PPP, PAKISTAN'S ENEMIES, PAKISTANI CAPITALISTS ABSCOND WITH MONEY ABROAD on June 30th, 2018
The moment one lands back from a developed country at any airport in Pakistan, one gets an uncanny feeling of chaos, mismanagement, dishonesty, rudeness, pollution and lawlessness…..all antonyms to values otherwise expected to prevail in an Islamic country where everyone claims to be a pious and holier than holiest Muslim.
One is compelled to ponder as to why people in majority behave so bad living here or even those who live abroad and soon after touching home base, behave in the same appalling manners. Our airports, railway and bus stations, all public places and traffic on roads is perhaps one of the worst display in the world and speak volume about our poor education system and overall poorest grooming as human beings or members of a civilized society. Ironically, nothing seems to be done either by the government or by non-government institutions to arrest these negative practices.
While our religion puts so much emphasis on piety, cleanliness, truthfulness, doing good things and stopping self and others from evil practices, discipline, politeness and on helping the needy, why then people apparently performing all Islamic duties (haqooq Allah) and visibly following five main pillars of Islam, falter so badly on performing duties as a useful and sober member of society (haqooq-ul-ibad)? There is no short answer though; yet, a shallow dive into this matter reveals that most of us are wearing ‘invisible blinkers’, that keep us from considering a situation rationally or suffering from a phenomenon akin to a pair of flaps attached to a horse’s bridle, one beside each eye, to keep the horse from looking anywhere but straight ahead…..focused on self preservation and progress alone. What causes these invisible blinkers’ attachment to our eyes that causes‘munafqat’, ‘double-dealing’ or ‘hypocrisy’? I posed this question to an Islamic scholar and he gave an out of the ordinary answer. According to him, “if a person willingly, knowingly or unknowingly eats forbidden or Haram, his/her sense of judgment on sifting right from wrong is taken away by Almighty as a punishment” something similar to ‘summun bukmun….!’
However, in societies like Japan or Singapore where religion is not so much visible, Islamic virtues and values are best seen in practice and hypocrisy is almost extinct. It is said that ‘poverty has no religion’….but our society defies this proverbial truth too because the rich class is more corrupt and duplicitous than poor people. The honest minority is facing enormous frustration as corruption infested society makes it almost impossible to remain free from ill practices one way or the other. No amounts of dua or prayers seem to work to put the rail back on tracks as far as Pakistan’s difficulties and challenges are concerned. Nevertheless, sometimes most complex challenges have simple solutions.
If we can follow the dictum, “charity begins at home”, we may find the silver lining sooner than expected. In Germany and Japan after second world war and in Central Asian Republics after independence from former Soviet Union in early 90s, the institution of Mothers and teachers played the main role in grooming and educating the children and youth to rise as shining stars of hope and prosperity of nations and results achieved by these countries in all fields in a short span of time are too obvious to neglect. If we can choose and elect the right leadership, who can provide people universal free education system, well-groomed mothers and highly qualified teachers, we can achieve in a decade what we have missed in the last seven decades. The training of trainers through Japanese and German teachers at the national level on a massive scale and raising the status of teachers in the society needs to be accorded a high priority. Our highly educated women resource need to be galvanized to undertake to groom of mothers as being practiced in Ladies Clubs in military circles. Inclusions of sports in all educational institutions must be made compulsory for the inculcation of sportsmen spirit and to ensure mental and physical health. A political party that can include these simple and basic grassroots level steps in its manifesto may be given preference for electing our government instead of lofty but hollow slogans. We as a nation have to strive hard to get rid of invisible blinkers.
Allah only helps those who help themselves; therefore, we have to bell the cat ourselves rather than expecting in vain miracle happening by mere inactive prayers.
* Brigadier(R) Saleem Qamar Butt, SI (M) is a student of International Relations, Defence and Warfare Studies with expertise in Executive Management, Military & Intelligence Diplomacy, Strategic Analyses and Forecast.
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