Loud Thinking

Archive for 2013

“Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.”

— Denis Waitley

Irony of Life – Hopes & Wishes !!!!!!

Irony of life…

The lawyer hopes you get into trouble..

The doctor hopes you fall ill..

The police hopes you become a criminal..

The teacher hopes you are born stupid..

The coffin maker wants you dead..

Only a thief wishes you prosperity in life.

Appreciation is to value highly.

“Now and then it’s good to pause in our pursuit of happiness and just be happy.”

Guillaume Apollinaire (1880-1918);
poet, playwright, art critic

7 Questions for Mr. Ishaq Dar Finance Minister Pakistan

Posted at www.snayyar.com by Syed Nayyar Uddin on August 26, 2013 in Action Plan to Revive Pak Economy, My Views, Pakistan | Edit

Daily The News reports today that “Conditions of IMF met for $7.3 billion bailout package”.
Link:- http://images.thenews.com.pk/26-08-2013/ethenews/t-25004.htm

Mr. Ishaq Dar kindly clarify the following 7 questions relating to the facts regarding the Pakistan’s economy..!

1. Firstly, you stated on the floor of the house that we are taking fresh loan from the IMF to repay the old IMF loan.

2. You also stated on the same floor of the house that the loan amount from the IMF will be $5.5billion at an interest rate of 3%, which was exorbitantly high interest rate considering that IMF had already decided in December, 2012 to give loan on ZERO interest rate to poor countries. Kimdly inform which country can be poorer than Pakistan, who was unable to even repay its loans?
Your kind attention is invited towards the following news item titled “IMF extends zero interest rates on poorer country loans” published by the daily “Pakistan Today” on 23 December, 2012 detailed news available at the link :- http://www.pakistantoday.com.pk/2012/12/23/news/profit/imf-extends-zero-interest-rates-on-poorer-country-loans-2/

3. Secondly, you pledged on the floor of the house that loan terms will not be against the interests of Pakistan.

4. Then you increased the electricity tariff for the Pakistani industrial users by a whopping 70% to fulfil the IMF conditions for the loan.

5. Don’t you think that this power tariff increase will destroy our economy and create unemployment, as the increased cost of production of each and every item, under the use of the poorest of the poor, will make the goods highly expensive and the poor will become even more poorer? In fact, your this step will ever be remembered in the history of Pakistan, as the one and only top most action which murdered the economy of the country and pushed additional millions of people below the poverty line.
I am also afraid that your this single step may not forever seal, the fate of PMLN’s chances in coming to the power again, as and when the negative impact is gradually filtered down the line.
If I were the PM Pakistan, would never have approved this fatal decision of increasing power rates of the already limping industry of Pakistan.

5. Why you earlier mislead the nation that $5.5billion is being taken for the repayment of the old loan and now the cat is out of the bag and the loan amount is actually $7.3billion?

6. The above fact at #5 also proves that you also wrongly said that this loan was being taken to repay the old loan.

7. Hope you remember the maiden speech of the PM in the Parliament house wherein, the PM promised with the nation on the floor of the house, that nothing will be hidden from the nation. Then why you hid the fact that this loan is being taken NOT just for the repayment of the loan; and why you hid the fact that this loan amount was actually $7.3billion and not $5.5billion?

An early reply shall be highly appreciated.

Best regards,

Syed Nayyar Uddin Ahmad

– See more at: https://www.snayyar.com/#sthash.UdiYFZ0u.dpuf

Indian Propaganda Exposed by the Indian army FIR:

A solid proof of Pakistan Army’s innocence is the fact that on 6 August, the First Information Report (FIR) No.113/2013 registered in Poonch Police Station by Indian Army’s 21 Bihar Regiment complained in writing that unidentified terrorists had killed five soldiers. These facts are a sufficient testimony to the fact that the Indian Army was making Pakistan Army an escape goat for their own lapse of security.

Daily The News reports today that “Conditions of IMF met for $7.3 billion bailout package”.

Link:- http://images.thenews.com.pk/26-08-2013/ethenews/t-25004.htm

Mr. Ishaq Dar kindly clarify the following 7 questions relating to the facts regarding the Pakistan’s economy..!

1. Firstly, you stated on the floor of the house that we are taking fresh loan from the IMF to repay the old IMF loan.

2. You also stated on the same floor of the house that the loan amount from the IMF will be $5.5billion at an interest rate of 3%, which was exorbitantly high interest rate considering that IMF had already decided in December, 2012 to give loan on ZERO interest rate to poor countries. Kimdly inform which country can be poorer than Pakistan, who was unable to even repay its loans?

Your kind attention is invited towards the following news item titled “IMF extends zero interest rates on poorer country loans” published by the daily “Pakistan Today” on 23 December, 2012 detailed news available at the link :- http://www.pakistantoday.com.pk/2012/12/23/news/profit/imf-extends-zero-interest-rates-on-poorer-country-loans-2/

3. Secondly, you pledged on the floor of the house that loan terms will not be against the interests of Pakistan.

4. Then you increased the electricity tariff for the Pakistani industrial users by a whopping 70% to fulfil the IMF conditions for the loan.

5. Don’t you think that this power tariff increase will destroy our economy and create unemployment, as the increased cost of production of each and every item, under the use of the poorest of the poor, will make the goods highly expensive and the poor will become even more poorer? In fact, your this step will ever be remembered in the history of Pakistan, as the one and only top most action which murdered the economy of the country and pushed additional millions of people below the poverty line.

I am also afraid that your this single step may not forever seal, the fate of PMLN’s chances in coming to the power again, as and when the negative impact is gradually filtered down the line.

If I were the PM Pakistan, would never have approved this fatal decision of increasing power rates of the already limping industry of Pakistan.

5. Why you earlier mislead the nation that $5.5billion is being taken for the repayment of the old loan and now the cat is out of the bag and the loan amount is actually $7.3billion?

6. The above fact at #5 also proves that you also wrongly said that this loan was being taken to repay the old loan.

7. Hope you remember the maiden speech of the PM in the Parliament house wherein, the PM promised with the nation on the floor of the house, that nothing will be hidden from the nation. Then why you hid the fact that this loan is being taken NOT just for the repayment of the loan; and why you hid the fact that this loan amount was actually $7.3billion and not $5.5billion?

An early reply shall be highly appreciated.

Best regards,

Syed Nayyar Uddin Ahmad

Lahore.

Sent from my iPad3 4G LTE

Daily The News reports today that “Conditions of IMF met for $7.3 billion bailout package”.

Mr. Ishaq Dar kindly clarify what is going on with the economy of Pakistan?

7 questions to the Finance Minister of Pakistan..!

1. First you stated on the floor of the house that we are taking loan from the IMF to repay the old loan.

2. You also stated on the floor of the house that the loan amount from the IMF will be $5.5billion at an interest rate of 3%.

3. You also stated on the floor of the house that loan terms will not be against the interests of Pakistan.

4. Then you increased the electricity tariff for the Pakistani industrial users by a whopping 70% to fulfil the IMF conditions for the loan.

5. Don’t you think this power tariff increase will destroy our economy and create unemployment as the cost of production will make the goods even costlier and the poor will become even more poorer?

5. Why you earlier misleadingly said that $5.5billion is being taken for loan repayment and now the cat is out of the bag and the loan amount is actually $7.3billion?

6. The above fact at #5 also proves that you also wrongly said that this loan was being taken to repay the old loan.

7. Hope you remember the maiden speech of the PM in the Parliament House wherein, he promised with the nation on the floor of the house that nothing will be hidden from the nation. Then why you hid the fact that this loan is being taken NOT just for the repayment of the loan and why you hid the fact this loan amount was actually $7.3billion.?

JAAG PAKISTAN JAAG

WAKE UP PAKISTAN

According to the Economic Survey of Pakistan 2012-13, in the last fiscal year alone, the country provided Rs239.5 billion worth of tax breaks, mainly to influential people.

The FBR gave Rs82.3 billion worth of income tax exemptions. The sales tax exemptions stood at Rs37.5 billion which were mainly given to sugar and tractor industries. The customs duties exemptions grew to Rs119.7 billion.

But not all the exemptions can be withdrawn as many are given under international treaties, particularly on account of customs duties that are waived off or reduced under preferential and free trade agreements.

The independent power producers are enjoying income tax exemption and the country waived off Rs50 billion in the last one year alone, according to the government report.

Published in The Express Tribune, July 3rd, 2013.

Is it a contempt of court or not?

I am at a loss to understand if the financial situation of the PCB was so poor why it allowed 2 SUV’s for its COO and DG, worth over PKR 13 million.

Secondly, on which authority the care taker chairman violated the orders of the IHC judge’s decision wherein, he was only allowed to perform day to day affairs of the PCB and gave very hefty Eid bonuses to the players and the officials of the team which toured WI and won the ODI series against a lowely rated West Indians.

Isn’t it a case of contempt of court? Did the PCB in this case consult the attorney general of Pakistan and the ministry of IPC, as has been done in the case of approval of the budget?

We also apprehend that the PCB may not dish out further bonuses to the officials & the players after they come back victorious against the Zimbabwe team.