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Posted by admin in DAMAGE TO PAKISTAN BY NAWAZ FAMILY, PANAMA LEAKS on November 7th, 2016
By Razi Tahir
LAHORE : Panama Case in Supreme Court seems to be like a clamp for Nawaz Sharif and family. The detailed strategy of PMLN on panama case exposed.
Failure in playing first card by the best political players of Pakistan Mulism league – Nawaz (PMLN) remained useless in front of detailed evidences of a journalist created Anxiety among them. Nawaz Sharif ready to play the next card. Silently exit from the country may be the last option.
Contradictory statements by kitchen cabinet and children of Nawaz Sharif, apparently repeated unsuccessful attempts to defend and no action on International Consortium of Investigative Journalists (ICIJ) statements and facts makes the case crystal clear. The final result of this failure is to fire the Prime Minister. The experienced expert team is still doing its best to get rid of this tension. PML-N must have realized that Supreme Court hands are tied due to initial documents submitted by institutions and the plea of the advocates.
Senior investigative journalist Asad Kharal ruined all their efforts by revealing that 99.9% of documents are contrary to the facts, he along with copies of the original documents presented itself to support the court. PML-N who has been insisting on contacting Supreme Court instead of sit in is now trying to flee the Supreme Court. First card was to challenge the authority of court in case of TORs and judicial commission by barrister Zafarullah of Watan Party. He is the same person who challenged Pakistan Tehreek e Insaf (PTI) sit in.
Failure in playing first card by the best political players of Pakistan Mulism league – Nawaz (PMLN) remained useless in front of detailed evidences of a journalist created Anxiety among them.
Nawaz Sharif ready to play the next card. Silent exit from the country may be the last option.
Posted by admin in NAWAZ SHARIF LOAN SCAM on December 17th, 2013
Yet another fraud in offing.The fate of this scheme is going to be similar to that of Yellow Taxi scheme of 90s floated by NS. Thereafter, all the six nationalised banks had to write off around Rupees nine Billion, while 80% cars landed in Afghanistan. This time its going to be 100 Billion default portfolio at stake to be borne by just one & half bank only. Poor will die running from Bank to Bank day dreaming for a loan.
Published 2013-12-11 16:04:07
The Scheme may end up with billions of dollars in toxic debt. While it appears to be a well-intentioned Scheme to offer business loans to the youth, it may end up becoming a massive exercise in sub-prime lending where the defaulted amounts will be added to the ever-growing public debt.
Pakistan’s Prime Minister, Mian Nawaz Sharif, launched the Youth Business Loan Scheme
earlier this week. The 100 billion rupees Scheme will give out 100,000 loans to young entrepreneurs to launch small businesses. The loans will range from 100,000 rupees to a maximum of two million rupees. The borrower will pay an 8 per cent annual interest rate, whereas the lending institutions will charge approximately 15 per cent in annual interest. The government will subsidize the loans by covering the borrowing cost for the difference between the rates charged by lenders and 8 per cent paid by the borrower. The Scheme will be run by the Prime Minister’s daughter, Maryam Nawaz Sharif.
Pakistan is suffering from widespread under- and unemployment resulting in the youth being readily recruited by religious and other extremist groups. In such dire circumstances, any scheme that engages the youth in commerce and productive activities must be a step in the right direction. However, despite the good intentions, the Scheme appears to be flawed and ill-conceived. Furthermore, the claims that theScheme will be free of corruption
and nepotism fly in the face of the Prime Minister’s decision to put his daughter in charge of a 100 billion Rupee lending program.
Successful entrepreneurs turn investment and opportunity into profits and prosperity. They are driven by the desire to create something new as they chase their dream in every living moment of their lives. Bill Gates, Michael Dell, Steve Jobs, Larry Page and Sergey Brin are all examples of entrepreneurs who launched small businesses and with passion and perseverance grew their small businesses into multi billion dollars corporations.
The fine distinction between a loan and an investment appears to be lost in the Prime Minister’s Youth Business Loan Scheme. Does Pakistan really have 100,000 entrepreneurs ready to turn opportunity and capital into profits and prosperity? Or will the nation end up with billions in loans extended to those who couldn’t even write or conceive a business plan.
Even if one were to assume that the 180 million Pakistanis are fortunate to have 100,000 budding entrepreneurs ready to make their mark, the very structure of the Scheme is riddled with constraints and contradictions that may take away the very incentive to put the borrowed funds to productive use.
For starters, consider that an applicant doesn’t need to submit a business plan with the application for the loan. SMEDA, a partner agency along with the State Bank of Pakistan, offers templates for how to develop a business plan
on its website. However, the very first item in the template states the following: “A business plan is not required for PM’s youth business loan scheme.” How on earth will the lenders determine the feasibility of the proposed business?
Take the example of Canadian Youth Business Foundation
that offers up to $45,000 in start-up financing to youth for new businesses. The program does not limit its role to extending credit, but instead it guides the engaged youth in developing business plans, arranging mentors, and making available other resources for a successful execution of their business plans. No one gets financing without a business plan in Canada!
I see the Prime Minister’s Scheme bearing the signs of sub-prime lending because many unsuspecting individuals will end up borrowing huge sums for projects they will not be able to plan or execute, thus resulting in defaults. Remember, if the prospective borrowers are not required to furnish a business plan, how will lenders differentiate entrepreneurs from subprime borrowers?
The two leading banks in the Prime Minister’s Scheme are the National Bank and the First Women Bank. The lenders have set the lending (interest) rate at KIBOR plus 500 basis points. Since the base rate in Pakistan is hovering around 10 per cent, the lenders are adding 500 basis points on top of it to end up with an interest rate of 15 per cent. However, if the base rate fluctuates, as it has done in the past, the cost of borrowing can change as well. This can play havoc with the balance sheets of even well-planned businesses who may have naively assumed that they were protected from fluctuations in interest rates.
Notice that inter-bank interest rates in Pakistan were as high as 14 per cent in 2011. What if the 8 per cent mark-up or interest rate advertised by the Prime Minister’s office end up being a teaser rate? The odds of that happening are high and the borrowers under this Scheme will be at the mercy of lenders, especially if the government withdraws its subsidy and sovereign guarantee during the 8-year life of the loan. Clause 8 under Terms and Conditions of the loans states explicitly that if the current or any future government were to withdraw the subsidy for any reason, the borrower agrees to pay against the revised interest rate set by either the National Bank or the First Women Bank.
The 2007-08 global recession was brought about by similar lending practices in the United States where sub-prime mortgages were offered to un-creditworthy borrowers who were enticed by very low mortgage rates that lasted for only a short while. As soon as the higher mortgage rates kicked in, borrowers lacking a stable source of income ended up defaulting on their mortgages resulting in a global crisis because the sub-prime mortgages were bundled as mispriced derivatives that concealed the inherent risks in those investments. Could Pakistan be next with its 100 billion Rupee toxic debt?
If the partner Banks are correct in pricing the debt at 15 per cent, these loans may create a secondary debt market managed by those who would like to benefit from the opportunity for arbitrage, i.e., borrowing two million rupees at 8 per cent and lending it at 15 per cent, thus avoiding the need to start a business and create employment opportunities for others. These borrowers may end up becoming shark investors themselves as they loan funds to the financially disenfranchised in their communities. This will generate a source of revenue for some, but will defeat the very purpose of the Scheme that aspires to start an entrepreneurial revolution in Pakistan.
And what about the notion of Islamic banking? Remember that the Muslim League has always pandered to the religious right who have shun the very concept of ribaa(interest). These loans are structured as traditional debt where the borrowers are expected to return the principal and interest for a fixed interest rate of 8 per cent. The loan repayment schedule posted as Excel spreadsheets lay bare the structure of these loans. A video posted on the SMEDA website shows an individual who explains the details of the Scheme. Fast forward the video to eight minutes and 45 seconds to see the gentleman almost choking at the word interest
and with some effort replacing it with profit margin.
Calling interest payments profit sharing is intellectual dishonesty. What business turns profit in the first month? Those familiar with the risk/venture capital know it takes years before the business turns profitable. Until that time the business merely services the debt. Also misleading is the claim that the Scheme offers the first year as a grace period. The loan repayment schedule illustrates that the borrowers have to make interest payments in the first year and are exempted only from repaying principal in the first year.
Details on what happens in the case of default are sketchy at best. The borrowers are expected to put only 10 per cent in collateral. In case of default and with a 10 per cent limited exposure, the borrower can simply walk away from liabilities, leaving the public sector to foot the cost of defaults.
Pakistan is not without the expertise to roll out such Schemes to meet their objectives. Organisations such as the National Rural Support Programme
and Tameer Bank
have significant experience in micro finance and operations in near and remote parts of Pakistan. Their decades of experience and demonstrated success is the competitive advantage that the Prime Minister could have tapped into. Instead, it appears that the 100 billion Rupees initiative is being used to bolster Maryam Nawaz Sharif’s claim to inherit the Muslim League’s throne against the rival bid by the Prime Minister’s nephew, Hamza Shahbaz Sharif.
A 100 billion rupees is too big an amount to settle a family dispute over succession
Posted by admin in Gen (Retd) Musharraf on November 19th, 2013
Musharraf ?
By
Inam Khawaja
The facts about General (Retd) Syed Pervaiz Musharraf have not been correctly and fully reported in both Pakistani and international media. It is therefore necessary to put on record all the facts.
Musharraf’s father Syed Musharraf uddin was a graduate from Alighar Muslim University. After graduation he joined the office of the Director General Civil Supplies Government of India in a clerical position. In 1947 he opted for Pakistan and was transferred to the newly established Ministry of Foreign Affairs in Karachi. In 1949 he was posted in the Pakistan Embassy Ankara. On his return from Ankara (in 1956) he progressed in his career retiring as a section officer in the Ministry of Foreign affairs. He was not a member of the Foreign Service.
Musharraf’s mother Begum Zehra Musharraf did her Masters in English literature from Indraprastha College Delhi. After the family’s return from Ankara she joined ILO in a secretarial position and retired in 1986-87.
Pervaiz Musharraf was born on August 11, 1943 in Delhi (Daryagunj). He was four years old when he came to Pakistan with his parents. In Ankara he was home tutored by a German teacher, he is fluent in English and Turkish. On return from Ankara in 1956 he attended Saint Patrick’s High School Karachi and passed the matriculation examination (not O level) in 1958 thereafter, he joined Forman Christian College in Lahore. He did not complete his degree just passed F.Sc.
Musharraf got married in 1968 to Begum Sehba Musharraf and has one son,
Bilal Musharraf, and a daughter, Ayla. Both are married with two
children of their own. His son lives in Boston. His brother also lives in the
United States. Both are US Citizens.
Personal Likes
Musharraf is fond of designer suits (Armani), handmade shoes however; his recent pictures show that he has not kept up to date because he is wearing jackets with broad lapels!! He smokes Cuban cigars, enjoys Pakistani music and the company of friends.
Army Career
In 1961 he entered the Pakistan Military Academy at Kakul as a cadet and was commissioned in the Pakistan Artillery in 1964. He is a graduate of the Staff College, Quetta, the National Defense College and the Royal College of Defence Studies, United Kingdom.
On 5, September 1965 General Court Marshal Proceedings were initiated against Musharraf for absenting from duty for a full week without permission but, were squashed due to the attack on Pakistan by India on the morning of 6, September 1965. As a result Musharraf escaped being cashiered from the Army and participated in the Indo-Pakistani War of 1965 as a 2nd Lieutenant in the Self Propelled Artillery Regiment and was awarded Imtiazi Sanad for gallantry. In the Indo-Pakistani War of 1971 he fought as a Company Commander in the SSG Commando Battalion.
He has commanded Regiments of Artillery, an Artillery Brigade and then went on to command an Infantry Division. He was promoted Lt. General in 1995 by Benazir Bhutto. In 1998 he was recommended for appointment as COAS by Prime Minister Nawaz Sharif in supersession of Lieutenant- General Ali Kuli Khan, who was the senior most and the second in line Lieutenant-General Khalid Nawaz Khan.
Relations with General Zia-ul-Haq
After General Zia-ul-Haq’s coup detate on 6, July 1977 Musharraf was chosen for special assignments, he served in District Martial Law Administration HQ. After the Soviet invasion of Afghanistan in December 1979 Musharraf was involved in the preparation of Mujahedeen for the Jihad in Afghanistan. Zia chose him to command the newly raised SSG base at Khapalu in Siachin area. In 1987 when Musharraf’s name came up for the post of Military Secretary to President Zia-ul-Haq his commanding officer wrote; “he is not at home with pomp and show”. This saved his life because Zia’s military secretary died with him in the air crash in August 1988.
Relations with Benazir Bhutto
In 1988–89, (as Brigadier) Musharraf proposed the Kargil infiltration scheme to Prime Minister Benazir Bhutto but she rebuffed the plan. After promotion Major-General Musharraf worked closely with the Chief of Army Staff as Director-General of Pakistan Army’s Directorate General for the Military Operations (DGMO). During this time, Musharraf became close to the Director General of ISI Lieutenant General Javed Nasir and had worked with him while directing operations in the Bosnian war. His political philosophy was influenced by Benazir Bhutto who mentored him on various occasions and he became close to her on military policy issues and India. During 1993–95, Musharraf repeatedly visited the United States as part of Benazir Bhutto’s delegations. It was Maulana Fazal-ur-Rehman who lobbied for his promotion to Benazir Bhutto, and subsequently getting his promotion papers approved by Benazir Bhutto which eventually led to his appointment in Benazir Bhutto’s key staff. In 1993, Musharraf personally assisted Benazir Bhutto to have a secret meeting in the Pakistan Embassy in Washington, D.C. with officials from Mussad and the special envoy of Israeli premier Yitzhak Rabin. It was during these visits that Musharraf developed extremely cordial relationship with Shaukat Aziz who, at that time, was serving in a very senior position heading the global financial services of the Citibank.
After the collapse of the fractious Afghan government in 1994 Musharraf assisted General Babar and ISI in devising a policy of supporting the newly formed Talibangovernment in their war against the Northern Alliance.
His Failing Trait
Even a casual glance at what is in public domain reveals that he often acts impulsively without fully evaluating all the possible consequences of his impending action. A few of such well known acts are undernoted.
1) Absenting from duty just before the war in September 1965.
2) The 1998 incursion in Kargil.
3) The reference against Chief Justice Iftikhar Muhammad Chaudhry in March 2007.
4) Declaring emergency on 3, November 2007.
5) The NRO deal with PPP.
In all the above acts Musharraf did not fully evaluate the possible consequences of his action. In 1965 the Court Marshal proceedings were squashed due to the Indian attack on the morning of 6, September 1965. In Kargil India instead of seeking a settlement of Kashmir mobilized the full force of their armed forces. The Chief Justice Iftikhar Muhammad Chaudhry instead of resigning and accepting a fat job stood firm, the reference failed and he was restored. In declaring the emergency he ignored the Article 6 of the Constitution. With respect to NRO he ignored the possibility of PPP joining hands with PML (N) and initiating impeachment proceedings against him forcing him to resign and go in self exile.
True to form Musharraf returned to Pakistan against (reportedly) the advice of his well wishers and ignored all the cases pending in the courts. It needs to be noted that he has only been granted bail and has not been acquitted in any of these cases. Once again it appears the he ignored all the opinion polls and the fact that the July 31, 2009 Judgment of the Supreme Court declared that his declaring emergency on November 3, 2007 and his subsequent orders (under the emergency) unconstitutional, ultra-vires of the Constitution consequently being illegal and of no legal value as a result Musharraf now faces the institution of a tribunal under Article 6 of the Constitution.
November 19, 2013
Additional Reading
General Pervez Musharraf, the second of three brothers, was born in Delhi on August 11, 1943. His parents chose to settle in Karachi after the creation of Pakistan. He comes from a middle class family, his father having worked for the foreign ministry. He spent his early years in Turkey, from 1949 to 1956, owing to his father, the late Syed Musharrafu-ud-din’s deputation in Ankara. He claims to speak Turkish Fluently. He accepts Mustafa Kamal Ataturk as his hero.
On return to Pakistan from Turkey, General Pervez Musharraf received his education from Saint Patrick’s High School, Karachi, and then from F. C. College, Lahore. In 1961, he joined the Pakistan Military Academy and was commissioned in Artillery Regiment in 1964. He fought in the Indo-Pakistan War of 1965 as a young officer, and was awarded Imtiazi Sanad for gallantry. He also achieved the Nishan-i-Imtiaz (Military) and the Tamgha-i-Basalat. He has been also on the faculty of the Command and Staff College, Quetta and the war wing of (the) National Defence College. He volunteered to be a commando, and remained in the Special Services Group for seven years. He also participated in the Indo-Pak War of 1971 as a Company Commander in the Commando Battalion.
A graduate of Command and Staff College, Quetta, General Musharraf also distinguished himself at the Royal College of Defense Studies, United Kingdom. During his military career, General Musharraf acquired varied experience in different command and instructional appointments. He also served as Director General Military Operations at the General Headquarters from 1993 to 1995.
General Musharraf rose to the rank of General and was appointed as the Chief of Army Staff on October 7, 1998 when Pakistan’s army chief, General Jehangir Karamat, resigned two days after calling for the army to be given a key role in the country’s decision-making process. General Musharraf was given additional charge of Chairman Joint Chiefs Staff Committee on April 9, 1999. On October 12, 1999, when through a bloodless coup the military took over the government in Pakistan, he became the head of the state designated as Chief Executive. He assumed the office of President of Pakistan on June 20, 2001. In order to legitimize and legalize his rule, General Pervez Musharraf held a referendum on April 30, 2002 thereby elected as President of Pakistan for duration of five years. In accordance with the deal with MMA (Muttahida Majlis-e-Amal), he agrees to leave the army on 31st December, 2004 but will continue to serve five-year term as President as he got vote of confidence on January 1, 2004, from the parliament and the four provincial assemblies under the provision of the 17th Amendment duly passed by the National Assembly and the Senate.
General Musharraf got married in 1968 and has two children, a son and a daughter. He loves to spend most of his leisure time playing Squash, Badminton or Golf. He also takes keen interest in water sports and has been an enthusiastic canoeist. He calls himself an avid reader, he is well versed in Military History, his favorite subject.
During the three years of General Pervez Musharraf as the Chief Executive of Pakistan, the country saw more structural reforms than at any time in its history. Ranging from economic and social sector reforms to – administrative and political restructuring – improvements were carried out in almost every conceivable facet of national life. At the time he assumed office of the Chief Executive on 12th October 1999, the country was in deep economic and constitutional crisis. His administration’s remarkable achievement of pulling the, country out of the economic and political morass in a short span has been widely acknowledged. On the international front, Pakistan’s‘ image saw a major turnaround from the point where it faced diplomatic isolation.
General Pervez Musharraf was sworn in as the 11th President of Pakistan and concurrently held with it the office of Chief Executive till 23rd November, 2002: After fulfilling his commitment to the people of Pakistan to hold general elections in the country on 10th October 2002, he transferred the powers of Chief Executive to the newly elected Prime Minister. On restoration of Constitution, he was administered fresh oath of office of President on 31st October 2002.
President Musharraf, the second of three brothers, was born in Delhi on 11th August, 1943. He spent his early childhood in Ankara, Turkey, where his father was posted on a diplomatic assignment from 1949 to 1956. He was quick to pick up Turkish language during his stay and developed fluency in a very short time. Upon his return to Pakistan, he pursued his education at St. Patrick’s High School, Karachi. He was at Forman Christian College, Lahore, when he got the call to join the Pakistan Military Academy in 1961. From his college years, he has retained his keen interest in water sports such as canoeing and sailing. He also spends his leisure time playing squash, tennis and golf. An avid reader, General Musharraf is particularly well versed in military history-his favorite subject.
President Musharraf was commissioned in an artillery regiment in 1964. A graduate of Command and Staff College, Quetta, and the National Defense College, Rawalpindi, he, later in his career, returned to these internationally recognized premier military institutions to serve as a faculty member. He-also had the distinction to study at the Royal College of Defense Studies, United Kingdom.
From the very start of an illustrious military career, General Musharraf excelled in his assignments. He received official recognition for valour and bravery in action during the 1965 war. He was selected to serve in the elite Special Services Group (SSG) “Commandos” and participated in the 1971 war as a company commander in a commando battalion. On promotion to the rank of major general in January 1991, he was given the command of an infantry division and later of a prestigious strike corps as lieutenant general in 1995. He was promoted to the rank of General on 7th October, 1998 and appointed the Chief of Army Staff. He also held the additional charge of Chairman Joint Chiefs of Staff Committee from April, 1999 to October, 2001.
President Musharraf envisions Pakistan as a modern and moderate Islamic state. His bold initiatives to ensure Pakistan’s steady progression on the road to sustainable economic and social development have been internationally praised. He considers people of Pakistan as the most precious asset and, therefore, has always accorded special focus to human resource development in the country. A man who loves peace, he has shown his predisposition to dialogue over confrontation and finding just solutions to international disputes in accordance with UN resolutions.
He married Sehba Farid, on 27th December, 1968. They have two children, a son and a daughter, both now married and settled in their respective lives. General and Mrs. Musharraf are grandparents by virtue of their grand daughters, Maryam and Zainab, from daughter, Ayla.
He is now the leader of his All Pakistan Muslim Legue Party.
On 7 August 2008, the Pakistan Peoples Party and the Pakistan Muslim League (N) agreed to force Musharraf to step down and begin his impeachment. Asif Ali Zardari and Nawaz Sharif announced sending a formal request or joint charge sheet that he step down, and impeach him through parliamentary process upon refusal. Musharraf, however, said: “I will defeat those who try to push me to the wall. If they use their right to oust me, I have the right to defend myself.” Musharraf, accordingly delayed his departure for the Beijing Olympics, by a day. A senior coalition official told Reuters: “Yes, we have agreed in principle to impeach him.” The draft of the ruling coalition’s joint statement had been finalized by the draft Committee, and Musharraf would have to obtain vote of confidence from the National Assembly and 4 provincial assemblies. The government summoned the national assembly, or lower house of parliament, to sit on 11 August. Capt. Wasif Syed, spokesman for the Pakistan People’s Party—confirmed: “A decision has been made that he has to go now, and all the parties have agreed on this point.”[93]. It is speculated that Pervez Musharraf would have had to face corruption and even murder charges if he had kept refusing a graceful exit from the president house.
On Monday, 18 August 2008, in a speech defending his record, Musharraf announced that he had resigned.
When announcing his resignation, Musharraf, 65, said: “After viewing the situation and consulting legal advisers and political allies, with their advice I have decided to resign. I leave my future in the hands of people. Not a single charge in the impeachment can stand against me. No charge can be proved against me because I never did anything for myself, it was all for Pakistan. On the map of the world, Pakistan is now an important country, by the grace of Allah. Whether I win or lose the impeachment, the nation will lose. They don’t realize they can succeed against me but the country will undergo irreparable damage. My resignation will go to the speaker of the National Assembly today.” In an emotional one-hour speech, Musharraf raised his clenched fists to chest height, and said, “Long live Pakistan!”
“Nonetheless, despite his mistakes, he has been that rare phenomenon in Pakistani politics — an honest man with good intentions who tried to serve his country to the best of his abilities. In a country that has suffered so much over the years from corrupt and self-serving politicians, there have been too few figures like him”
In early 2007, Musharraf was extremely popular. According to a US survey, IRI President General Pervez Musharraf was more popular in Pakistan than opposition leaders Benazir Bhutto and Nawaz Sharif. Around 37 percent of the respondents were of the view that Musharraf’s supported PML-Q deserved to be re-elected.
However, by August 2007, after the lawyers Judicial Activism started, Musharraf became slightly unpopular in Pakistan due to persistent media efforts and anti-Musharraf talk shows. An International Republican Institute survey, taken of 3000 people, showed that 64 percent of the population did not want another term to be granted to Musharraf as the president of Pakistan.
Musharraf’s popularity grew after his resignation and several pro-Musharraf websites and groups on Facebook emerged.
In the most recent interview with Musharraf, Daphne Barak admits that she receives mails and people have started missing Musharraf: “Many emails are relatively flattering to you. I even have emails from PPP members who say that they never thought they will miss you, but they do. Especially young people!”
After resignation, Musharraf went for an expected pilgrimage to Mecca. He may also continue his travelling on a lucrative speaking tour through Middle East, Europe and United States. Chicago-based Embark LLC is one of the international public-relations firms trying to land Musharraf as a highly paid keynote speaker.[98] According to Embark President David B. Wheeler, the speaking fee for Musharraf would be in the $150,000-200,000 range for a day plus jet and other V.I.P. arrangements on the ground.
Musharraf disclosed that he has planned to jump back into full time politics but not until he moves into his newly constructed house in Chak Shahzad in Rawalpindi/Islamabad as he does not want to misuse the army house for political purposes.
His speech at the Amway Grand Plaza Hotel in January 2009 marked his first U.S. appearance since he left office last year, as he embarks on a international speaking tour. The former president of Pakistan pleaded for understanding in his country’s fight against terrorism, in a region deemed central to the outcome of that battle. “Pakistan has confronted terrorism and extremism for more than two decades now,” Pervez Musharraf said in a speech to about 500 people at the World Affairs Council of Western Michigan event.
Regarding the Lahore attack on Sri Lankan players, Musharraf criticized the police commandos’ inability to kill any of the gunmen, saying “If this was the elite force I would expect them to have shot down those people who attacked them, the reaction, their training should be on a level that if anyone shoots toward the company they are guarding, in less than three seconds they should shoot the man down.”
The PML Nawaz have tried to get Pervez Musharraf to stand trial in an article 6 trial for treason in relation to the emergency on November 3, 2007[103], which Musharraf signed as Chief of Army Staff instead of in his position as President of Pakistan[104], yet revoked it as the President of Pakistan, also revoking the PCO of 3rd November.
The Prime Minister of Pakistan Yousaf Raza Gilani has said a consensus resolution is required in national assembly for an article 6 trial of Pervez Musharraf “I have no love lost for Musharraf … if parliament decides to try him, I will be with parliament. Article 6 cannot be applied to one individual … those who supported him are today in my cabinet and some of them have also joined the PML-N … the MMA, the MQM and the PML-Q supported him … this is why I have said that it is not doable,” said the Prime Minister while informally talking to editors and also replying to questions by journalists at an Iftar-dinner he had hosted for them.
Meanwhile, Proclamation of Emergency and Revocation is the constitutional right of the President of Pakistan, according to the constitution of Pakistan, Article 232 and Article 236.[108] On 15 February 2008, the Supreme Court has delivered detailed judgement to validate the Proclamation of Emergency on 3 November 2007, the Provisional Constitution Order No 1 of 2007 and the Oath of Office (Judges) Order, 2007.
Saudi Arabia have agreements in place to stop any article 6 trial in Pakistan in relation to Pervez Musharraf according to the newspapers due to Saudi Arabia’s long standing friendship with all of the political parties in Pakistan. Sharif is under tremendous pressure from Saudi Arabia to shun his demand for Musharraf’s trial under the Article Six of the Constitution
The President of PML-Q, Chaudhry Shujaat Hussain has said that those vying for article 6 against Musharraf to suffer and would themselves get embroiled in trouble.[113] Secretary General of PML-Q Mushahid Hussain Sayed, also ruled out Musharraf’s trial under Article-6 of the Constitution.
Abbottabad’s district and sessions judge in a missing person’s case passed judgment asking the authorities to declare Pervez Musharraf a proclaimed offender.
Edited and research by Jamal Panhwa
Posted by Shahroz Bashir in INCOMPETENCE & CORRUPTION IN NAWAZ SHARIF GOVT, Sifarish & Powowa on July 24th, 2013
You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
Musadik Malik, a Pharmacist from Boston, has fooled mediocre and incompetent power elites of Pakistan and ended-up holding a key position in Pakistan’s Ministry of Water & Power.
There are many Pakistanis who are jobless in America. They are very hard working and extremely talented people but have fallen on hard economic times.
But, there are a few exceptions among them. These include those who hail from well-connected families of Pakistan, the so-called Waderas, Zamindars, Industrialist, Bureaucrat, and Jagirdars,
Johnnies like Musadik Malik surviving in US, always have a Plan B.
Plan B is the fall back position for unemployed progeny of Pakistan elites in US. They use their connections with the high and mighty in in Pakistan to land on their feet not in US but in Pakistan
A classic case is that of Masadik Malik.
He was unemployed in US for a long time, because he had a Ph.D degree in Pharmacy tooo high a qualification to work in a neighbourhood drug store. At that time there was a glut of B.Pharms in the US job market. Therefore doctorates were considered over-qualified.
Musadik Malik tried every possible approach to keep his head above water but still could not find a job in Boston, Massachusetts or for that matter anywhere else in US
He followed through with Plan B and using his connections in UAE he landed on his feet. And founded a nebulous company by the name of DNA. This was a paper company, where, he wanted to pad his resume.
Musadik Malik Gift for Gab or as they say in American slang, a tendency to Bullshit
Any forum, where Musadik Malik can talk he finagles his way into it.
He is full of form, but has no substance
Musadik Malik utilizes his gift for gab to climb the career, as well as the social ladder., or as they say in US, he is a “Bullshit,” Artist. He right away found an advisory position in the “gang that could’nt shoot straight, cabinet of the Mir Hazar Khan Bijarani. But, since there is no Ministry for Pharmacist, Musadik thought it convenient to try for the Ministry of Power.
So, Musadik Malik, a US Citizen did not renounce his US citizenship and ended-up according to his self-promotion Website:http://dnahealthcorp.com/pages/musadik_malik
Appointed Federal Minister, Water and Power of the Pakistan Government in April 2013, Musadik Malik is also CEO and Managing Director of the Boston Innovation Group based in Bahrain. – See more at: http://dnahealthcorp.com/pages/musadik_malik#sthash.dNp8uzpd.dpuf
Musadik Malik’s greatest asset is the Art of Bullshit. He uses his gift of gab to advance not only his career, but also, his social status
In Pakistan, he developed his own neural network of connections among the power elites. he hit the jackpot with the senile PM Mir Hazar Khan Bijarani with whom he latched on using his charm and gift of gab.
When the Pakistan Government was being transferred from Mir Hazar Khan Bijarani to Nawaz Sharif, Musadik Malik had to give a presentation on the achievements and plans of his portfolio. Well, that became his direct entry into the
inner circle of power in Pakistan. Nawaz Sharif, who has a knack for choosing hacks (because as they say, “it takes one to know one,)”became a fan of Musadik Malik’s “Bullshit.” The rest is history, and folks that is how
Pakistan got a pharmacist to solve its humungous load -shedding problems.
This also demonstrates the calibre of leaders Pakistan has produced, as Prime Ministers. Likes of Gilani were followed by Bijarani, who in turn is followed by the three timer himself, none other than the Coward of Kargil, Nawaz Sharif a.k.a. Bhagora.
Incompetent Nawaz Sharif, could not find a single electrical engineer, among the thousands in Pakistan to run the Federal Ministry of Water and Power. He had to import, a “has been” pharmacistfrom the United States (who still hold his US Citizenship) to the most critical ministry in Pakistan.
Of course, Nawaz Sharif cared the least if this man had even a remote expertise in this crucial ministry. It is possible, since, Load shedding was the biggest head ache facing Nawaz Sharif, he decided to bring a pharmacist to run the Ministry of Water & Power. One can conjecture that Nawaz Sharif needed a pharmacist to relieve his biggest head ache:The Pakistan Power Crisis.
Nothing changes in Pakistan, where square pegs have filled round holes almost all the time for the last 65 years.
So why NOT, have a Pharmacist running the Water & Power Ministry.
That shows Nawaz Sharif’s acuity in recognizing talent and giving it position and power, where it can show its maximum incompetence.
But, 180 million Pakistanis don’t care. They are too hungry and suffering from economic deprivations. They are still in a honey moon phase with a Prime Minister, whose IQ in problem solving runs into negative numbers.
Posted by farrukh in NAWAZ SHARIF: THE LOOTER on July 24th, 2013
True Face of Nawaz Sharif & Ahsan Iqbal Exposed by Talat
Posted by Brave_Heart in ” RIAZ THE SHAITAN OF PAKISTAN, Nawaz “Badami Lassi Kim Barker Thurke” Sharif on April 25th, 2013
Living like a king — Sharif’s litany of abuses
News Intelligence Unit
By Kamran Khan
While constantly pleading with expatriate Pakistanis to send their hard-earned dollars to their motherland, former prime minister Nawaz Sharif caused a dent of at least Rs 110 crore to the national exchequer through the 28 foreign trips he undertook after assuming power on February 17, 1997.
Official documents seen by the News Intelligence Unit (NIU) disclosed that about Rs 15 crore were spent from the tax-payers money for Nawaz Sharif’s six Umra trips. For almost each of his foreign visits, Nawaz Sharif used his special Boeing plane that he had promised to return to PIA for commercial use in his famous national agenda speech in June last year.
Almost unbelievably, instead of keeping his promise to return this special aircraft to PIA, Sharif ordered an extravagant US$1.8 million renovation of his aircraft that turned the Boeing into an airborne palace. While reading sermons on austerity to the nation on almost every domestic tour, on this aircraft — on which all the seats were in a first class configuration — Nawaz Sharif and his entourage would always be served a specially-cooked, seven-course meal. PIA’s former chairman Shahid Khaqan Abbasi had, in fact, hired a cook who was familiar with Sharif’s craze for a special type of ‘Gajrela’ (carrot dessert).
While aboard his special plane, Sharif was always served ‘Lassi’ or Badami milk in a Mughal style silver glass by a crew of his choice. Even on domestic flights, Sharif and his men would be served with Perrier water, not available even to first class domestic passengers. The towels he would use on board, had golden embroidery.
Not for a moment, after making his historic promise to the nation in June last year for leaving the palatial prime minister house for a modest residence in Islamabad, did Nawaz Sharif show any intention to leave the prime minister’s palace. On the contrary, soon after that speech, the Prime Minister House received fresh supplies of imported crockery and groceries.
Some of the permanent in-house residents were Sharif’s personal friends, including one Sajjad Shah who used to crack jokes and play songs for him. Sharif’s little-known political mentor Hasan Pirzada, who died last month, always lived at the Prime Minister House. Sources estimate that Pirzada’s daily guest-list to the PM House numbered around 100 people who were always served with meals or snacks.
In the first year of Nawaz Sharif’s second term in power, Hamid Asghar Kidwai of Mehran bank fame, lived and operated from the Prime Minister House until he was appointed Pakistan’s ambassador to Kenya.
While making unending promises of instituting merit in all appointments and selections, Sharif played havoc with the system while issuing personal directives by ordering 30 direct appointments of officers in the Federal Investigation Agency (FIA). While Sharif was ordering these unprecedented direct appointments, his crony Saifur Rahman was seeking strict punishment and disqualification of former prime minister Benazir Bhutto for making direct appointments in Pakistan International Airlines.
Out of these 30 people who were directly appointed on posts ranging from deputy director to inspector in the FIA — without interviews, examination or training — 28 were from Lahore and were all close to the Sharif family or his government. One of the lucky inductees was a nephew of President Rafiq Tarar.
Nawaz Sharif had such an incredible liking for his friends from Lahore or Central Punjab, that not a single non-Central Punjabi was included in his close circle, both at the political or administrative levels in the Prime Minister’s Office. At one point, during his tenure, there was not a single Sindhi-speaking active federal secretary in Islamabad.
For about the first 18 months of Sharif’s second term in office, 41 of the most important appointments in Pakistan were in the hands of individuals who were either from Lahore or Central Punjab, despite the total lack of representation of smaller provinces in State affairs. Sharif stunned even his cabinet by choosing Rafiq Tarar for the post of President.
His activities were almost totally Lahore or Punjab focussed, reflected by the fact that in the first 16 months of power, he had only one overnight stay in Karachi. Conversely, he held an open Kutchery on every Sunday in Lahore, a gesture he never showed in any of the smaller provinces.
Nawaz Sharif, who had always promised a ‘small government’ ended up with no less than 48 people with the status of a federal minister in his cabinet. Ironically, less than fifteen per cent of the people in 49-member cabinet came from the three smaller provinces.
While anti-corruption rhetoric always topped his public speeches, Nawaz Sharif demonstrated tremendous tolerance for corruption as he completely ignored strong evidence laden corruption reports against Liaquat Ali Jatoi and his aides in Karachi.
Sources said that volumes of documents on the corruption of Liaquat Ali Jatoi, his brother Senator Sadaqat Ali Jatoi, the then Sindh health secretary and several of Liaquat’s personal staff members were placed before Nawaz Sharif, but he never ordered any action. These sources said that Nawaz Sharif also ignored evidence that showed Liaquat’s newly discovered business interests in Dubai and London.
Informed official sources said that Nawaz Sharif also ignored reports, even those produced by Shahbaz Sharif, about rampant corruption in the Ehtesab Cell (EC). Shahbaz Sharif and several other cabinet ministers had informed Sharif that Khalid Aziz and Wasim Afzal, Saifur Rahman’s right-hand men in the EC were involved in institutionalised corruption through extortion from Ehtesab victims and manipulation of the Intelligence Bureau’s secret funds.
Sources said that the Ehtesab Cell had issued official departmental cards to one Sarfraz Merchant, involved in several cases of bootlegging and another to Mumtaz Burney, a multi-billionaire former police official who had earlier been sacked from the service for being hand in glove with a notorious drug baron. Sharif was told that these two notorious individuals were serving as middle men between Khalid Aziz, Wasim Afzal and those sought by the EC both here and abroad.
Fully aware that Khawer Zaman and Major General Enayet Niazi were amongst the most honest and upright director generals of the FIA, he booted them out only to be replaced by handpicked cronies such as Major (Retd) Mohammad Mushtaq.
Sources said that while posting Rana Maqbool Ahmed as the Inspector General Police, Sindh, Nawaz Sharif was reminded by his younger brother Shahbaz Sharif about his reputation as one of the most corrupt Punjab police officers and also about his shady past. But Nawaz Sharif not only installed Rana as the IGP, but also acted on his advice to remove Gen. Moinuddin Haider as the Governor Sindh.
In a startling paradox, right at the time when the government media campaign was at its peak about the properties of Benazir Bhutto and Asif Ali Zardari in Britain, particularly Rockwood estate in Surrey, disclosures came to light about the Sharif family’s multi-million pound apartments in London’s posh district of Mayfair.
The apartment No: 16, 16a, 17 and 17a that form the third floor of the Avonfield House in Mayfair is the residential base for Sharif family in London. Records show that all those four apartments were in the name Nescoll Ltd and Nielson Ltd Ansbacher (BVI) Ltd, the two off-shore companies managed by Hans Rudolf Wegmuller of Banque Paribas en Suisse and Urs Specker — the two Swiss nationals alleged to be linked with Sharif’s offshore fortune.
In a knee-jerk reaction last year, Sharif first denied the ownership of those flats. Later, his younger son Hasan Nawaz Sharif said the family had leased only two of the flats, while their spokesmen, including former law minister Khalid Anwer, said that Sharif had actually rented those flats.
But what will count with legal experts is the fact that in their tax returns, none of the Sharif family members had ever showed any foreign ownership of any properties, nor had their tax returns listed payments for any rented apartments abroad.
“With the sale of these Mayfair apartments, you can buy three Rockwood-size properties of Asif Zardari,” commented a source, who added that Sharif’s third party owned properties in Britain may land them in a crisis comparable only with Benazir and Zardari’s cases abroad.
In another example of hypocrisy, while Sharif geared up his government’s campaign against loan defaulters in Pakistan, a High Court in London declared his family a defaulter and ordered them to pay US$ 18.8 million to Al-Towfeek Company and its subsidiary Al-Baraka Islamic Bank as payment for interest and loan they had borrowed for Hudabiya Papers Limited.
The court papers said that the Sharifs refused to make payments on the principle amount and instead directed official action against the Arab company’s business interests in Pakistan. Informed sources said that a few days before the fall of the Nawaz Sharif government on October 12, lawyers representing the Sharif family were busy in hectic behind-the-scenes negotiations with Al-Towfeek executives in London for an out-of-court settlement. These sources said that negotiations in London broke down soon after the army action in Islamabad.
While Nawaz Sharif deployed the entire state machinery and spent millions of dollars from the IB’s secret fund to prove money-laundering charges against Benazir Bhutto and her husband abroad, his government crushed any attempt by the FIA to move the Supreme Court of Pakistan against a decision handed down by the Lahore High Court absolving the Sharif family from money-laundering charges instituted against them by the last PPP government.
FIA officials who had investigated the money-laundering charges against the Sharifs faced termination from service, while the agency was told that even a decision to probe money-laundering was a crime. This particular case is likely to now go to the Supreme Court in the next few weeks.
Several inquiries against Sharifs pending with NAB
ISLAMABAD – Some three corruption references and almost half a dozen inquiries were pending with National Accountability Bureau (NAB) and Accountability Courts against former Premier and PML-N President Mian Muhammad Nawaz Sharif and his other family members, but the same could not be reopened as the Division Bench of Lahore High Court Rawalpindi Bench had barred the NAB to proceed against Sharif family.
Officials in the National Accountability Bureau informed The Nation that the Division Bench of Lahore High Court Rawalpindi Bench consisting of Justice Ijazul Hasan and Justice Wahid Khan, an appellate forum of Accountability Courts, had barred the Accountability Courts to proceed against Mian Nawaz Sharif and other family members in these three cases in October last year. The preemptive move was made in the Division Bench of LHC Rawalpindi after the incumbent Chairman NAB Admiral (Retd) Fasih Bokhari was appointed despite the objection on his appointment was made through a letter written to President Asif Ali Zardari by Leader of the Opposition in the National Assembly Ch. Nisar Ali Khan.
Sources in the PML-N informed that they had secured stay order against reopening of these cases from the Appellate Court only to prevent the PPP-led coalition government to use these cases for arm twisting of the PML-N leadership though NAB.
So an application for early hearing of their petition, pending with the court for past several months, was initiated and the very next day of moving of the application by AkramSheikh Advocate stay against the opening of these cases was secured from the Division Bench of LHC Rawalpindi.
All the three cases-Hudaybia Paper Mills,Ittefaq Foundries and Assets reference—were framed against Mian Nawaz Sharif and his family members after dislodging of his elected government in 1999 and during year 2000 and initially all the three cases had been fixed for trial at Accountability Court Attock where Mian Nawaz Sharif and his brother MianShahbaz Sharif were kept after the dislodging of their government. All these cases were adjourned sine die under some clandestine deal when Mian Nawaz Sharif and his family was exiled to Saudi Arabia.
These cases were reopened in year 2007 when the Supreme Court allowed Mian Nawaz Sharif to return back to Pakistan but once again he was sent back to Saudi Arabia moments after he landed here at Islamabad Airport.
The request for the reopening of these cases was again made in year 2010 when the then Prosecutor General NAB Dr Danishwar Malik had moved an application seeking reopening of these cases on the plea that as the accused in these cases had returned back to the country so the cases against them should be reopened. But the matter once again went into limbo when the Accountability Court Rawalpindi No. 1 judge directed the Prosecutor General to furnish the request for reopening of these cased duly signed by Chairman NAB but as the slot of Chairman NAB was vacant and once again the court had adjourned these cases sine die. In State vs Hudaybia Paper Mills (Pvt) Ltd-nine members of the Sharif family were accused of committing a corruption of Rs 642.743 million.
As per NAB allegations the accused had secured loan against the Hudaybia Paper Mills and later used this money to pay off the loans of other companies owned by the Sharif family. Mian Muhammad Sharif, Mian Nawaz Sharif, Mian Shahbaz Sharif, Mian Abbas Sharif, Hussain Nawaz, Hamza Shahbaz Sharif, Mrs Shamim Akhtar (Mother to NawazSharif), Mrs Sabiha Abbas, Mrs Maryam Safdar and former Federal Minister Ishaq Dar were the accused in this reference.
In State Vs Ittefaq Foundries etc, Mian Nawaz Sharif, his brother Mian Abbas Sharif and Kamal Qureshi were charged with the willful default of Rs 1.06 billion.
The main allegation against the accused in this case was that M/s Ittefaq Foundries Ltd obtained cash finance from National Bank. As per NAB allegations, the company willfully defaulted to pay back the amount in 1994. In State vs Mian Muhammad Nawaz Sharif etc is about the Raiwind assets.
Main allegation in this reference is that the accused had acquired vast tracts of land on which a number of palatial houses and mansions were constructed with less resources, which appeared to be grossly disproportionate to their known sources of income. As per NAB allegations, there involved an amount Rs 247.352 million that is under question. Apart from Mian Nawaz Sharif, his mother was also an accused in this case.
There are six investigations against Sharif pending before the NAB following Chairman NAB’s order. These pending investigations included; case of illegal appointments in theFIA against Mian Nawaz Sharif; misuse of authority by Nawaz Sharif as ex-Chief Minister Punjab in the construction of road from Raiwind to Sharif family house causing loss of Rs125 million; Sharif Trust case against Nawaz Sharif/Sharif Trust involving allegation of money laundering, misappropriation of trust funds and acquisition of benami assets in the name of Sharif Trust; London properties case against Nawaz Sharif and others regarding owning of Aven Field properties in London; Illegal appointments in PIA allegedly byMian Nawaz Sharif, and corruption in the allotment of Lahore Development Authority (LDA) plots involving ex-CM Nawaz Sharif, ex-DG LDA Brig (Retd) Manzoor Malik, ex-Director Estate and Shahid Rafi.
Two pending inquiries against Sharifs in the NAB included a complaint of allotment of LDA plots and another complaint about alleged misappropriation of government property by allotting 12 plots to Mian Attaullah instead of one in Gulshan Ravi Scheme ,thereby, causing loss of Rs 20 million to the State.
It is pertinent to mention here that Mian Muhammad Nawaz Sharif and other accused in plane hijacking and helicopter case were acquitted
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