Loud Thinking

Archive for November, 2015

Respected Mr. Ishaq Dar,

AoA.

Sir,

On behalf of the Pakistani nation (whose 60% population lives below the poverty line and just 3% elite are ruling the roost), I would like to congratulate you for fulfilling your two below mentioned promises [made on the floor of the house],

– You will obtain IMF loan on our own terms.

– NO mini budget will burden the people.

by today approving via ECC, imposition of further Rs.40 billion worth of burden on the countrymen, when according to media reports, your government will be having a savings on oil imports bill of Rs.750 billion or $7.5 billion during FY 2015-16 compared with FY 2014-15.

Best Regards,

Syed Nayyar Uddin Ahmad
PS:- Link of my article “Mr. PM! There are three options to avoid IMF loan”…https://www.snayyar.com/mr-pm-there-are-three-options-to-avoid-imf-loan.html#sthash.kBrmsdF7.dpbs

Mian Muhammad Nawaz Sharif

Prime Minister of Pakistan

Sir,

You must call an explanation, on the below mentioned question, of the Finance Minister Mr. Muhammad Ishaq Dar, irrespective of the fact that he is your relative, because national interest can’t be compromised at any cost.

Quote:

The Express Tribune Report.

Link..http://tribune.com.pk/story/990484/terms-met-world-bank-approves-500m-for-power-sector-reforms/

“So far, the government has been facing problems in getting concessionary loans from its traditional development partners and has started relying on expensive sources of funding.
From July through September, the government received $1.7 billion in foreign economic assistance and out of that $1.05 billion was on account of expensive commercial borrowings.
These include $263.5 million from Noor Bank Dubai and the $500 million Eurobond.” Unquote.

MY MILLION DOLLAR QUESTION?

Now the Noor Bank loan @4.75% was taken almost at the same time the Eurobonds were floated @8.25%.

The million dollar question is when Noor Bank’s loan was 3.5% cheaper than the Eurobond, why world record most expensive loan was generated thru Eurobonds at 8.25% interest rate, coupled with unspecified tax exemptions also?

Yes, Pakistan presents danger to the entire world, because it nuked Japan not once but twice, invaded Korea & Vietnam, then invaded Iraq on WMD lies & ONLY killed one million Iraqis; and finally invaded Afghanistan during this period also killed innocent kids, women and men going on funeral processions with illegal (as per UN reports) drone attacks.

Link:- http://tribune.com.pk/story/987407/pakistan-presents-danger-to-entire-world-nyt-editorial/