Our Announcements

Not Found

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

Archive for category BILAWAL ZARDARI BAMBINO KINGS OF CORRUPTION

The Sharifs and Zardaris have ruled and looted Pakistan for decades, and plundered its treasury by Anjum Saher

The Sharifs and Zardaris have ruled and looted Pakistan for decades, and plundered its treasury

by

Anjum Saher

 

 

 

 

This article is an eye opener for the sleeping masses of Pakistan.

The Sharifs and Zardari’s who ruled this country for decades, plundered its treasury

and now have Pak army and the Judiciary are their next target.

The group headed by the convict Zardari and the absconder N Sharif consist of a bunch of traitors.

They attacked the supreme court of Pakistan in the past. The attack was organized

by Shehbaz Sharif, creating a  dark page in the History of Pakistan Judiciary authored by Sharif family.

They took out a procession against the supreme court , during which a child was killed.

 The protest was against the Supreme Court historical decision, disqualifying N Sharif for life.

 Recall,”  Mujhe Kiyun Nikaala.”

  • Following his father’s footstep, his daughter Maryam (Calibri Font queen) recently led an attackon NAB, damaging the building and trying to threaten the judges.
  • The  threatening  phone call to Justice Abdul Qayum by Shehbaz sharif, asking for severe punishment to shaheed Benazir Bhutto
  • The attack on Supreme court  judges ( by Talal Choudhry on the behest of his Paymasters), comparing the judges  to the Idols in the  
  • The THREAT  to Pakistan Army by Zardari, “Hum Aapki eent se eent baja daingay.”
  • Both Sharif and Zardari and their cohorts are leading a movement  to defame the Judiciary and the Pak army.
  • The masses of Pakistan should be reminded of the atrocities being committed by these two groups and their associates,
  • Achakzai, Fazlur Rehman and others. 
  • Backstabbing Pakistan—
  • Mir Jaffer uz Bengal , Mir Sadiq uz Deccan, 
  • Mir Ayyaz Sadiq uz Lahore
  • Nang-e-Millat Nang-e-Deen Nang-e-Watan.
  •  Indian – Israeli Agents and Traitors attacking our Armed Forces — – Traitors Onslaught

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Muslims of the Subcontinent have still not forgotten the treachery committed by MIR SADIQ OF DECCAN & MIR JAFFAR OF BENGAL which paved the way for the rule of East India Company over Indian Subcontinent and similar act of treachery committed by MIR SADIQ of DECCAN which led to the fall of ruler of Hyderabad Deccan.

Unfortunately, another shameless traitor MIR SADIQ alias MIR AYAZ SADIQ has surfaced from the land of Lahore on the behest of yet another certified convicted criminal NAWAZ SHARIF the most corrupt person who ruthlessly plundered Pakistan and fled to London , declared as Proclaimed Offender by High Court Islamabad . Now this known Indian Agent who operates under instructions of RAW along with his group of Crooks, Corrupts , Criminals are trying their best to pave the way to make Pakistan subservient to an Indian hegemony destabilizing Pakistan and its Armed Forces with their treacherous movesIt is earnestly requested to all that it is incumbent upon all loyal Pakistanis to raise their voice against all such enemy sympathizers.   operating under cover of being Pakistani got to be treated as Enemy Agents responsible for harming the national interest be brought to justice as soon as possible. 

The Narrative of National Dacoits Movement (PDM) comprising of those who ruthlessly plundered the country and Baqiat of those who openly opposed creation of Pakistan and generations old agents of Hindus is deliberately designed to harm the interest of Pakistan and its Armed Forces , facilitating, and strengthening the Indian, Israeli stance to isolate Pakistan in the world. Thus, our Armed Forces are the prime target of these anti-state elements to weaken Pakistan.

“YA ALLAH IN SAB MULK DUSHMAN HARAM KHORON KO TABA KAR DEY.”

  • Ai Khuda In Haram Khors  Aur Indian Agents Ko Is Mulk Sa Naist o Nabood Kar Da. They Have Plundered Our country.
  • Haram Khors Have Brought Pakistan on its Knees
  • Ai Mera Allah – Un Haram Khoron Ko Tabah Kar Da Jis Na Hamara Mulk Ko Loota Ha.

“LET US STEP INTO AND ENTER THE NEW YEAR with PRAYERS and HOPES for a JOYSOME YEAR”. AMEEN.

Those who agree as detailed above, are requested to kindly circulate in their circle of Family & Friends to apprise them as well of nefarious designs of Plunderers & Anti State elements in Pakistan.

Editor’s Note-This article was filled with emotions and the pain Pakistanis are feeling. We are indebted to the author who freely expressed his emotion. Pakistanis are emotional by and large. We had to edit this article heavily, as it was written in a free form. 

, , , ,

No Comments

NAWAZ SHARIF INTERVIEWED by BBC

 

 

Image result for Nawaz Sharif Liar Thief Money Launderer

 

 

November 4, 2017

  NAWAZ SHARIF INTERVIEWED by BBC

 If anyone wants to know what hypocrisy means and what is its practical manifestation well it does not get better than this. This joker (Muhammad Nawaz Sharif) was interviewed yesterday by BBC.  

Here is my take on his profile:

 A protege of General Ghulam Jilani and a product of General Zia’s martial law, Nawaz Sharif never tires of lecturing us on the benefits of democracy.

If anyone wants to know what hypocrisy means and what is its practical manifestation, well it does not get better than this. Watch and learn as it unfolds before you in its finest hour.

Financed by the ISI with illegal funds and propped up by the Establishment’, he says he always follows the Constitution and the Law. Maybe his dictionary is different from what we are accustomed to reading, but the Constitution for Nawaz in his eyes is a set of rules to facilitate his thievery. 

He is so bitter about the ‘PCO’ judges but is indifferent to how he himself rose to stardom on the shoulders of the so-called Establishment. Selective in his judgements, partial in his dealings and unfair in his conduct, he is not a man that even a child can trust. They first took out the clause restricting membership to the assembly for the educated only and ushered in the uncouth scum of this country, the fools we now suffer on TV with their slapstick arguments, insulting one another in the basest accusations one can ever be exposed to. Then they took away the powers of the President to dissolve the assembly, removing all checks and balances, giving themselves free license to loot and rob with wanton abandon. Now they want to remove articles 62 and 63 so that morality does not come in their way as they continue to misgovern this hapless nation.

 

Crying crocodile tears over the demise of democracy, Nawaz was directed to hold a Census by the SC just as he was made to hold Local Body Elections by them. In fact, he was forced to convene the NSC by the SC. His most memorable decisions were ones that were forced by the SC through a suo moto action on account of his reluctance to do the right thing. 

His idea of democracy is limited to circumventing the National Assembly and avoiding the parliament.  In his democracy, government funds were distributed to legislators, (just as they had been before) in the garb of development funds,  as a bribe and a reward for good behaviour. He did this as if it was his father’s country and we were all serfs who were obliged to contribute to this aberration. So much so that we are now taxed for transferring funds from our own savings to our current account while people such as him get away with tax evasion as they lecture us. He insists that 200 million voted for him knowing fully well that he got only 14% votes and that too not to him alone but to the  PML-N Party as a whole.

He talks of conspiracies, whereas he was removed for his deceit and theft; he fails to acknowledge that his Party still has two PMs: one in Azad Kashmir and the other of Pakistan; that his Party still has a Chief Minister in GB, Punjab and Baluchistan despite his wrongdoings. Where does he find that conspiracy against him and that too an international one?

Here is a man who is responsible for stabbing his colleague Junejo in the back, scuttling Benazir’s Government twice, personally going to Court to have Gillani removed, and then having the gall to say, “No PM has ever completed his term”. Never mind that his beloved Constitution does not specify the term of a PM but mentions the term of a Government only. That this small fact escapes his limited intellect, that the world over, PMs come and go, but it is the Governments that remain.

 He talks of disclosing conspiracies but his moment never arrives, he speaks of the rules of business but violates all. His nepotism and violation of merit stand out in every government institution as he corrupts all, FBR, NAB, SECP, State Bank, FIA etc. His hostility towards the judiciary is well established as he presided over the only ever physical attack on the SC.
His animosity against the military despite how he was ‘wrongly’ facilitated by them, is amply displayed by his conduct. He bites the hand that fed him. He illegally ordered the hijacking of an aircraft, got his name cleared by a kangaroo court and now reasons that you cannot hijack a plane from the ground! Well then using the same logic, ‘you cannot do a coup from courtroom as well’. He forced out General Karamat for suggesting a National  Security Council and then shamelessly constructed one later on. Claimed he had no idea about Kargil though was briefed numerous times. A compulsive liar, a trait that his ‘children’ have inherited and are famous for displaying on every occasion.

Somebody adamant in negotiating with terrorists till he was shamed in backing down after the APS incident. Politicised the police and made every department of government dysfunctional including NACTA and NAB. Conspired against his own military to bring them into an international dispute through the Dawn Leaks and have them declared as a proscribed Group facilitating terrorism; an Indian objective. A leader who bred and nurtured Chotu Gangs while restricting Ranger operations in Punjab. He did this with a straight face while he ordered such operations in Sindh with easy abandon. He collaborated with extremists and ignored the sacrifices of the likes of  Colonel Shuja Khanzada who battled for Pakistan.

 

A shameless man who has put his sons and daughter in the line of fire to save himself. Who did not stop at sullying the reputation if his own dead father to explain his own wrongdoings? A cheat and a petty crook, who ensured that government was meant for his own well-being regardless of the consequences as he misused his authority everywhere and plundered resources without remorse.

He did not stop taking credit for projects conceived well before him, such as the Gwadar Port or taking massive commissions from those that he did initiate. He mortgaged the country into an unsustainable debt, businesses closed down and migrated, exports fell and agriculture destroyed. Circular debt has become unmanageable as energy has started shutting down. Ghost schools haunt the nation and no hospital in the country is good enough for him or his own family as they flee to other countries for medical attention. Today India prides itself on giving visas to Pakistanis needing medical help.

A PM who during his tenure, never made a single meaningful statement on Kashmir, who tried to facilitate India where ever he could. Protected the terrorist Kulbashan while collaborating with Sajjan Jindal in his personal businesses at the cost of the country. Insisted on running the foreign affairs himself where he woefully disgraced us in Saudi Arabia as he sat like a poodle while India earned accolades and we were insulted over the War on Terror despite our sacrifices. Tried to pimp his way into relevance into the Saudi-Qatar affair where he was never taken seriously, just as he was not when he unfolded his chit to read out to Obama, that “Dal and Qeema” awaited him in Pakistan.

Now he asks, “What did I do?”  (Mujhe kiyun nikaala?)

Mr PM, it is what you did not do: Govern Pakistan, the only mandate given to you and your band of thieves. 

You failed us internationally, you let us down before our friends and enemies alike, and you robbed us.

May the Lord have mercy on you and your soul.

– Lt-Gen (Retd) Tariq Khan

No Comments

Dr Ashfaque, Dr Pasha, Dr Salman write open letter to IMF “Wrong sides of the Picture”

Dr. Ashfaque H. Khan, Dr. Hafiz A. Pasha and Dr. Salman Shah, who have served on key posts in Finance Ministry and Planning Division have written an open letter to the IMF, exposing wrong picture presented by the Dar-led economic team about Pakistan’s economy. Dr Khan send this article to the Editor of Corporate Ambassador, Javed Mahmood today.

corporateambassador-master-logo1 

The three year program under the IMF’s Extended Fund Facility (EFF), has now come to an end. Pakistan has received $6.1 billion loan from the IMF under this program. During the tenure of the program, Pakistan was required to undertake wide – ranging structural reforms and implement the type of macroeconomic policy that would restore macroeconomic stability, gradually promote economic growth and build foreign exchange reserves to bolster external buffers.

After the completion of the twelfth and the final Review, the IMF Staff Mission Report has declared ‘victory’ and stated that “the Fund Supported Program has helped the country restore macroeconomic stability, reduce vulnerabilities and make progress in tackling key structural challenges. Economic growth has gradually increased and inflation has declined. External buffers have been bolstered, financial sector resilience has been reinforced, and the fiscal deficit has been reduced while social safety nets have been strengthened”.

On the reform side, the Report stated that “tax policy and administration reforms allowed for further revenue mobilization.Steps have been taken to strengthen the State Bank of Pakistan’s autonomy. Energy sector reform allowed a reduction of power outages, energy subsidies, and accumulation of power sector arrears. A country – wide strategy to improve the business climate was adopted”.

The Staff Report contains the views of the IMF on the “success” of the program. We, the three independent economists, through this open letter would like to present the other side of the picture. In particular, we identify the extent of the success, how these “successes” have been achieved and express our disappointment with the failure to implement reforms that are critical for achieving higher economic growth. Needless to mention, the three authors of this open letter have all dealt in the past with the IMF in senior management capacity at the ministry of finance, either as Federal Ministers or Advisor.

Firstly, building foreign exchange reserves to bolster the external buffer was the main pillar of the hurriedly put together IMF Program. The idea was to build reserves and repay the then IMF loan on time. That is why many independent economists including the ones who remained associated with the IMF for a long time termed the program as ‘Self-Serving Program’.

Such an objective of the program forced the government to borrow extensively to build foreign exchange reserves and in the process accumulate net external debt of over $12 billion during the program period. Incidentally, Pakistan added exactly the same amount to its foreign exchange reserves, that is, from $6 billion in end-June 2013 to $18.0 billion in end-June 2016. The above facts clearly suggest that we improved the external buffer entirely through adding external debt. Isn’t it simply postponing the current problem of insolvency to a future date?

Secondly, in a three year program, the IMF has extended sixteen waivers. Perhaps never in the history of the IMF did Pakistan receive such a large number of waivers. This diluted the purpose of the program and also reflected on the lack of emphasis towards implementing and achieving the stated goals of the program.

Sadly, the IMF Staff Mission has selectively highlighted the improvement in some economic indicators from 2012-13 to 2015-16. This includes rising economic growth, falling rate of inflation, rising tax-to-GDP ratio,  higher spending under BISP and private sector credit and falling subsidies as percentage of GDP.

The rate of economic growth achieved in the last three years remains contentious. The Pakistan Bureau of Statistics (PBS) has estimated the GDP growth rate as 4 percent or above each year, reaching 4.7 percent in 2015-16. The authors have presented contrary evidence that the growth rate has been exaggerated each year, and it has ranged between 3.1 to 3.7 percent during the program periods. The Data Quality Assessment Framework (DQAF) of the IMF should have been used to check the reliability of the national income estimates.

We would like to quote the recent statement of the Managing Director of the IMF as posted on September 1, 2016 by iMF direct. In her words “The longer demand weakness lasts, the more it threatens to harm long-term growth as firms reduce production capacity and unemployed workers are leaving the labor force and critical skills are eroding. Weak demand also depresses trade, which adds to disappointing productivity growth”.

This statement clearly depicts the current state of economic growth and unemployment in Pakistan in terms of the social costs of the excessive focus on stabilization policy. The persistence of lower economic growth has failed to create enough jobs. People in general and youth in particular, are finding difficulties to get jobs. People remaining unemployed for a longer duration are becoming unemployable, with all its social and economic consequences. Not only that the unemployment rate has surged to a 13 years high at over 8.0 percent (including the ‘discouraged worker’ effect), youth unemployment rate has also increased to over 11 percent in 2014-15. Furthermore, between 2012-13 and 2014-15, the annual number of entrants into the labour force has been approximately 650,000 as against 1.3 million during 2008-13.

A particularly worrying feature of the current employment situation is the extremely high unemployment rate of 20 percent of workers with either graduate or post graduate degrees. There are 2.4 million educated workers with bad employment prospects. This is the unfortunate outcomeof the IMF Program

On the size of the fiscal deficit, the IMF Report claims that this has been reduced from 8.5 percent to 4.6 percent of the GDP. A number of steps have been taken to report smaller deficits. For example, holding back refunds and forcing  commercial entities to pay taxes in advance to jack up revenue, privatization proceeds and foreign grants treated as non-tax revenue to inflate overall revenue rather than treating them as financing items, engaging in quasi-fiscal operations outside the budget, allowing for large statistical discrepancy each year (cumulatively Rs. 600 billion in three years) to show lower expenditures, exaggerating the size of the Provincial cash surplus, retaining earmarked revenues in the Federal consolidated Fund and building up large contingent liabilities (over Rs. 1400 billion of power sector circular debt, accumulation of debt in commodity financing and pending tax refunds). The IMF staff has either been blissfully unaware of or has condoned this creative accounting. Adjusting for these practices implies a fiscal deficit each year in the range of 7.0 to 8.0 percent of the GDP.

Other areas, where serious distortions exist, are: the estimates of the GDP deflator; investment and saving rates and rate of inflation, especially for poor households. A case ought to have been made for complete operational autonomy of the PBS.

Yet another “success” of the program as stated by the IMF Staff Mission is the sharp reduction in inflation rate. It has declined from 7.4 percent in 2012-13 to 2.9 percent in 2015-16. Does this decline owe to the ‘prudent’ fiscal and monetary policy pursued during the program period? The answer appears to be in the negative. The international oil and commodity prices started collapsing since June 2014. Such a collapse in the oil and commodities prices led to a worldwide decline in inflation, including in Pakistan. Furthermore, as stated above, the pursuance of stabilization policy for a prolonged period weakened the domestic demand, resulting into deceleration of prices. Thus, the sharp decline in inflation during the program period owes to the weakening of domestic demand, as well as a collapse in the international prices of oil and commodities and not to the prudent use of monetary and fiscal policy. In fact, when inflation rate was rapidly on the decline, the SBP was pursing an easy monetary policy.

The quarterly reviews have ignored the deterioration in key economic indicators. They failed to discuss big decline in exports – to – GDP ratio, stagnation in the overall and private investment – to – GDP ratio, fall in FDI, rise in external debt and public debt – to – GDP ratios, fall in total PRSP pro-poor expenditure to GDP and very importantly, a rise in the rate of unemployment especially among young, educated, and female workforce. Only 750,000 jobs were created annually in 2013-14 and 2014-15 as against 1.1 million jobs annually earlier.

As stated above, Pakistan was asked to implement a wide-ranging reforms under the IMF Program. What has been the performance on the reform side?

Power Sector Reforms

The glaring failure of the Fund program is in the implementation of power sector reforms. The 12thReview Report declares victory primarily by demonstrating that the subsidy to the sector has fallen massively from 2percent of the GDP in 2012-13 to only 0.6percent of the GDP in 2015-16.

How has this been achieved? The answer is not by any major improvements in efficiency through big reduction in losses. Instead, the policy has been to raise the power tariffs to generate more revenues and thereby reduce the need for subsidies. From 2012-13 to 2015-16, the average electricity tariff (including surcharges) has been enhanced by 40percent, leading to extra revenues of distribution companies of over Rs 250 billion. The tariffs have been increased at the time when the fuel costs have fallen by over 49 percent.

On top of this, contingent liabilities have increased exponentially in the sector. Today, the circular debt of the sector stands at almost Rs 630 billion, over 2percent of the GDP. Sooner or later, this debt will have to be retired, as happened in 2012-13, if a breakdown is to be avoided in supplies due to liquidity problems in the sector.

IMF also claims on behalf of the Government, that power load-shedding has been substantially reduced, especially in industry. Evidence to the contrary is the large continuing demand-supply gap according to NEPRA, and the fact that electricity consumption per industrial consumer has fallen in nine out of ten distribution companies, in comparison to the level achieved in the pre-load-shedding years.

Tax Reforms

The IMF Twelfth Review has highlighted, as one of the key successes of the Program, the over two percent points increase in the tax-to-GDP ratio. Much of the improvement has come in 2015-16. How has this been achieved? The main contribution is actually from enhancement in effective tax rates and not by broadening of the various tax bases. The tax structure has become more regressive and created more distortions in economic activity. Furthermore, various levies which used to be the part of non-tax revenues prior to the IMF Program were renamed as ‘other taxes’ and added to the tax revenue collected by the FBR to arrive at ‘new’ tax – to – GDP ratio. Such a practice has made the ‘new tax – to – GDP ratio non-comparable with the pre-IMF Program period.

The biggest failure is in lack of development of the direct tax system. The elite continues to enjoy wide ranging tax exemptions and concessions like the virtually no or low taxation of global income, profits of private companies, agricultural income and unearned capital incomes. The IMF clearly prefers not to antagonize the ruling elite through its reform agenda.

Improvement in Living Standards

Contrary to the claims by the IMF, living standards have probably fallen in Pakistan during the tenure of the Program. A number of reforms undertaken have contributed to rising unemployment and poverty.

The anti-poor actions include, firstly, the rise in input costs of fertilizer and electricity in agriculture due to hike in power and gas tariffs and additional taxation in the form of the GIDC. The result is that food prices have risen faster than the overall CPI and wages of unskilled workers. Today, Pakistan has the extremely serious problem of malnutrition. In the 2016 ranking of the Global Hunger Index, Pakistan has the 11th lowest position, even below Bangladesh, out of 118 countries. The non-implementation of the PMs agricultural package of September 2015 under the IMF pressure has contributed to the recent debacle in the sector.

Secondly, the primary adjustment mechanism for achieving the fiscal deficit targets in the Program has been large cut backs of up to 30percent in budgeted development spending by the Federal and Provincial governments. In 2015-16 alone these cuts have implied less employment generation of almost 300,000 jobs.Thirdly, hikes in indirect taxes have affected the cost of living adversely. This includes the levy of minimum import tariffs on basic food and other items and jump in GST rates on petroleum products, especially HSD oil.Fourthly, the decline in exports has contributed to loss of employment in labor-intensive sectors like SMEs and textiles. Consequently, as highlighted earlier, the underlying unemployment rate has gone beyond 8 percent. Fifthly, social indicators have shown only minor improvement in three years. This is due particularly to the pressure on Provincial governments to spend less on social and other sectors so as to generate large cash surpluses.

Anti-Export Bias

According to the original Program projections, exports were expected to show a steady annual growth rate of 8 percent and reach $30 billion by 2015-16. Instead, they have been falling since 2012-13 to below $22 billion last year, a short fall of over 23percent. This is perhaps one of the single most important failures of the Program. It has adversely impacted on growth and employment in the country and frustrated the achievement of greater self-reliance.

How did the Program reinforce the anti-export bias? The record level of external borrowings during the last three years has led to a form of ‘Dutch Disease’. Larger reserves, based completely on external borrowing, have created artificial stability in the value of the rupee, thereby reducing competitiveness. Enhancement of electricity tariffs by over 40percent and gas price to industry by 64percent, further affected competitiveness. In an effort to meet the Program revenue targets, FBR has held back over Rs 200 billion of refunds, leading to liquidity problems for exporters. Further, levy of a minimum import duty on raw materials and intermediate goods has added to costs.

Today, the decline in ability to service external debt obligations, including those to the IMF, is clearly demonstrated by the phenomenal increase in the external debt to exports ratio. It was 193percent in 2012-13 and has risen to 266percent by the end of 2015-16. It is likely to continue rising and go beyond 300percent by 2017-18. There is no other option now in the post-Program scenario but to present a strong export incentive package, including significant depreciation of the Rupee.

External Financing Requirement

The original Program projections were that external financing requirements, consisting of external debt amortization and the current account deficit, would reach $9.2 billion by 2016-17 and fall to $8 billion in 2017-18. However, following the much larger build up of external debt, the latest estimates of the financing requirement in the 12th Review is $ 10.9 billion in 2016-17, rising to $13.2 billion in 2017-18.

However, these estimates are based on significant positive growth in remittances and exports and a big jump in FDI. This is highly unlikely given the current trends. A more realistic estimate of external financing requirement is $15 billion in 2016-17 and $18 billion in 2017-18. This is more than 5percent of the GDP, which is considered the danger point. Part of this requirement will have to be met by a sizeable depletion of foreign exchange reserves. There is a high likelihood that by June 2018, reserves may fall to about half of the present level.

Where is the sustainability of our external position? Has the IMF Program reduced our vulnerabilities? Are we doomed to go back once again to the IMF? Will conditionalities next time go beyond the usual prior actions? Already, two weeks after the end of the IMF Program, Pakistan has been forced to float relatively high cost bonds externally of $1 billion. This indicates a lack of confidence in the sustainability of reserves in coming months and years.

Finally, in the immediate aftermath of the IMF Program, the economy has begun to unravel. Agricultural growth was negative last year and the prospects for the current cotton crop are not much better. Growth of the large-scale manufacturing sector has also turned negative in the last four months for which data is available. Seven out of the twelve industrial groups are showing declining output. The fall in exports continues and the trade deficit has risen sharply. Remittances are also contracting, along with a sharp reduction in FDI. FBR tax revenue growth has plummeted and large borrowing has been resorted to by the Federal Government from SBP. Development releases of funds have been relatively small and the process of implementation of CPEC infrastructure projects is very slow. Contingent liabilities have reached alarming levels and the bleeding of public sector enterprises/utilities continues. Can we still say that the reforms implemented during the tenure of the Fund Program have left the economy in a ‘sustainable position’? The answer, unfortunately, is an unambiguous no.

 

* The authors have worked for the Ministry of Finance and dealt with the IMF at the highest level for a long time.

No Comments

Maryam Safdar is exaggerating the seriousness of the procedure.”just to gain sympathetic element from masses to divert attention from #PanamaLeaks

  1. AThe procedure takes less than 45 minutes, preparation takes about an hour and it requires a couple of days in hospital for observation ‏@AsadKharal  Maryam Safdar is exaggerating the seriousness of the procedure.”just to gain sumpathetic element from masses to divert from #PanamaLeaks
     
     
  2.  

    The procedure takes less than 45 minutes, preparation takes about an hour and it requires a couple of days in hospital for observation

     
  3. Following procedurennn according to a friend UK doctor working in same hospital. “Atrial Fibrillation Ablation is NOT an open heart surgery

     

, , ,

No Comments

The Big Story that went unreported from Washington:Red Alert for Corrupt Leaders by Shaheen Sehbai

 

The Big Story that went unreported from Washington:Red Alert for Corrupt Leaders

by Shaheen Sehbai

 

 

 

 

 

 

 

 

 

 

CfI3J2QUMAE2swK

 

 

CjZUgnmWEAAWIaz

, ,

No Comments


Skip to toolbar