Loud Thinking

Archive for the ‘My Views’ Category

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/

 

The SHIV SENA attack on BCCI HQ at Mumbai, was a pre-planned scheme of the RAW controlled BJP government, which is proved by the pictures of BCCI chief, who was casually sitting, smiling and talking with the so-called attackers, as if, they were his guests.

The body language of the BCCI president Mr. Shashank Manohar, said it all.

The whole drama was enacted to put PCB chairman under pressure, to accept whatever offer they (RAW, BJP & BCCI) were giving to the PCB; should be accepted by the chairman PCB Mr. Shahryar Khan, as if, they (BCCI) were favouring the PCB out of the way, despite so called severe pressures from the Hindu fanatics.

From the inside, the BCCI is afraid of the following two consequences, If India refuses to play with Pakistan, in the UAE:

1. There is a chance that BCB may agree to visit Pakistan, after their Australian tour set back and the treatment meted out to the BCB by the big three, where India didn’t support them at all, and Pakistan fully supported their cause.

2. If Pakistan, as a retaliation, refuses to play the T20 match vs India in the coming World Cup, it will result in huge financial loss along with big loss of face.

As such, the Indians want to give the chairman PCB Mr. Shahryar Khan a lollipop of a meaningless short series with India, or a tri series including the BD team, to keep PCB subservient of its grand scheme, of not letting it get off the hook.

Factually, Indians are and were never interested in playing cricket with Pakistan, purely due to political reasons.

Hence, PCB officials will be better off, if they don’t waste their time and resources to meet their Indian counterpart for asking them to fulfil the agreement/MOU signed with the PCB, in lieu of its vote in the ICC to agree for the big three status to the BCCI, ACB and ECB.

Last but not the least, all those officials in the government and the PCB (particularly Mr. Ramiz Raja who on that occasion advised on live TV to Pakistan to become BESHARAM, forget PAKISTANIAT and support India for the ICC big three cause) must resign, for bringing shame and humiliation to the country, on account of their wrong decisions in the big three episode of the ICC.

link:- Video of Ramiz Raja’s statement…https://tune.pk/video/3094544/ramiz-raja-asking-pcb-to-become-besharam-and-say-yes-sir-to-india…-beygarat-insan…

Dear Mr. Prime Minister,

AoA.

Sir,

At the outset I will say bon voyage on your short visit to the United States.

In this connection, you are requested to remind the American president about their unfulfilled promise with Pakistan, made in the year 2002, that PIA will be allowed to fly its planes directly to America from Pakistan, when we were lured to purchase their Boeing 777 twin engine expensive aircrafts, instead of the cheaper four engined Airbus 340 planes.

Here the Americans should also be reminded that PIA was the first airline in the world to fly Boeing 777 planes.

As such, it was high time that the Americans must now honour their old commitment, made with their most steadfast friend, whose contributions in this mutual relationship has been much more than American help and assistance to Pakistan, if seen in the true historical perspective, as detailed below:

– Looked after U.S. needs and helped as a friend e.g. in Korean war era, under various pacts.

– Allowed overflights of American U2 planes to spy over USSR.

– Connected USA with China.

– Brought down USSR in Afghanistan war in 80s.

– Saved scores of American soldiers from being lynched by Somalian war lords.

– Saved US staff from burning Islamabad Embassy.

– Made America a single super power,

– Still fighting so called American war on terror imposed on this region, that too because of sheer incompetence of US intelligence agencies, in stopping 9/11 attacks in the first instance.

With best wishes and kind regards,

Syed Nayyar Uddin Ahmad

Another Muslim today killed by Hindu terrorists in India.

Pakistan should enforce sports boycott of India in protest of daily genocide of Muslims under Modi regime.

It seems that the daily systematic killings of Muslims in India is the continuity of Muslims massacre in Gujarat, when Narendra Modi was the ruler of Gujarat province of India.

Mr. Prime Minister please ask Mr. Ishaq Dar why his performance is NIL on this account which was your ELECTION promise also.

Indians declare $500 mn in black money in tax crackdown.

Link:- http://www.dawn.com/news/1210191/indians-declare-500-mn-in-black-money-in-tax-crackdown

Indians declare $500 mn in black money in tax crackdown
AFP — PUBLISHED ABOUT 2 HOURS AGO

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NEW DELHI: Indians declared $500 million in black money, the government announced Thursday, a fraction of the total amount feared hidden, as a deadline for coughing up assets hidden from the taxman expired.

Indian Prime Minister Narendra Modi took power last year pledging to crack down on black money, a systemic problem in India that sees billions of rupees hidden in foreign bank accounts or funnelled into property abroad.

The finance ministry said more than 600 tax evaders had made declarations by midnight on Wednesday — when a three-month window for unveiling stashes and avoiding prosecution ended.

The Indian ministry said “638 number of declarations have been received under the compliance window declaring undisclosed foreign assets,” amounting to 37.7 billion rupees.

The government has announced a string of measures to crack down on black money, including a 10-year jail term for evaders who get caught from now on.

But Ashutosh Kumar Mishra, executive director of Transparency International in India, doubted whether the government could find the money offshore given how deeply entrenched the phenomenon has become.

“It’s not easy. You need a set of clear reforms and determined political will and it will take years,” Mishra told AFP.

India is one of the most cash-intensive societies in the world, corruption is endemic, and strict tax laws encourage people to keep money off the official books.

Estimates of Indian black money abroad vary widely.

Some $439 billion left the country illicitly from 2003-2012, according to estimates from the Global Financial Integrity group in Washington.

The wealthy channel money to tax havens such as Switzerland or Singapore, convert it into jewellery, antiques, paintings or property, or send a relative abroad for half the year to avoid tax.

Only 2.89 per cent of Indians pay any income tax at all, India’s previous finance minister told parliament in 2013.

World’s largest DEMONCRACY (or Modi’s murder Muslimscracy) wants to sit as a permanent member of the UN Security Council.

A Times of India report:
Right next door to Delhi, mob lynches man over cow slaughter rumour..!
http://m.timesofindia.com/city/noida/Mob-kills-man-over-cow-slaughter-rumour/articleshow/49161246.cms

GREATER NOIDA: A 58-year-old man was killed by a mob in Greater Noida’s Bisada village on Monday night following rumours of cow slaughter in his house. As tension gripped the village and spread to nearby areas, another mob went on the rampage on Tuesday morning in Ooncha Amirpur – barely 5km from Bisada – demanding death penalty for those involved in cow slaughter. The mob clashed with the police after six people were arrested for the murder.
Kiran S, SSP, Gautam Budh Nagar said, “Around 800 armed forces, including a battalion of Provincial Armed Constabulary and police from Ghaziabad, Bulandshahr and Hapur, have been deployed in the village and the areas around it.”
Family members of Iqlakh, the murdered Bisada villager, denied slaughtering any cow in their small house and claimed the story was cooked up to target them. They also claimed neither the cops reached on time nor their neighbours came to their rescue. Iqlakh lived there with his 70-year-old mother Asgari, 52-year-old wife Ikraman, younger son Danish (21) and daughter Sahista (16). His elder son Sartaz works with the Indian Air Force and is currently posted in Chennai. Danish suffered serious injuries in the attack.
“Hundreds of people gathered in front of our house on Monday night and started abusing us,” Asgari told TOI. “A heated argument followed for 10 minutes after which the agitators turned violent and broke open the main gate. They misbehaved with my daughter-in-law and grand-daughter. They did not even spare me. I had locked myself in the washroom but they broke open the washroom door and thrashed me.”
Asgari added, “The attack continued for nearly half an hour, but no one came to our rescue. They brutally thrashed my son and grandson. They, then dragged my son’s body to the road and fled after dumping it there.”
SP (rural) Sanjay Singh said Iqlakh’s body has been handed over to his family after an autopsy, the report of which suggested that he died due to severe blood loss and haemmorage. He also said an FIR had been filed against 10 people, six of whom were nabbed and put behind bars. They have been identified as Rupender, Vivek, Sree Om, Sandeep, Saurabh and Gaurav, all in their late 20s.
“All accused are from Bisada,” Singh said. “They have confessed. We recovered some meat from their possession. The accused claimed it was beef that they recovered from the deceased’s home. It has come to our knowledge that the mob held a meeting in a temple in the middle of the village, where they decided to teach the deceased a lesson for slaughtering cows. The mob then rushed to the victim’s home and attacked the family,” he added.
BJP district president Thakur Harish Singh blamed the police for the incident. “The police did not react on time. The locals gave samples of meat to cops but they did not take it seriously. Then some people got agitated. We urge people to restore peace,” he said.
A man named Rahul Yadav reportedly sustained a bullet injury on his left hip during Tuesday’s clash in Ooncha Amirpur. Yadav is being treated in a private hospital. A magisterial probe has been ordered into the clash.
Gautam Budh Nagar’s district magistrate N P Singh announced financial assistance of Rs 50,000 for the treatment of Danish. “We have also recommended financial help for the family. We have formed peace committees to restore amity in the area. Senior administration officials are coordinating with the peace committees,” he said.

Dear Mian Muhammad Nawaz Sharif PM Pakistan.

Sir,

The below mentioned analysis of Mr. Asad Omar is really alarming and needs an impartial high level inquiry into the fact that why certain key indicators of Pakistan’s economy and business have gone down in your current tenure, to the level even below than than the previous PPP government led by Asif Ali Zardari during 2008-2013.

Quote.
“Pakistan’s ranking in the world economic forum global competitiveness index has dropped from 124th at the end of the Zardari era to 129th this year. The doing business report of the World Bank dropped Pakistan from 107th to 128th. The combination of this eroding competitiveness and the piling of exorbitantly expensive debt is sinking Pakistan further into a debt trap imperiling future generations of the country.”
Unquote.

Dear Mr. Prime Minister,

Sir,

Please peruse the below quoted analysis of Mr. Asad Omar, which is a fit case for a highest level inquiry to find out the reasons for playing with the economy and destiny of Pakistan right under your command:

Quote.” The Government in its latest offering last week was only able to sell 500 million dollars at a yield of 8.25% which is the same pricing it got last year when Pakistan had re entered the international bond market after several years gap. Everything else remaining the same the pricing this time should have been lower as there was no re entry premium to be paid. Hence, the markets were essentially saying that things are getting worse. Umar stated that comparison with recent bond issues by other emerging market countries makes for shocking reading. Just two examples would suffice. Kenya doing its first ever issue last year and raising 1.5 billion dollars at a yield of 6.875%. Similarly Sri Lanka just a few months back raised 650 million dollars at a pricing of 6.125% which is more than 2% lower than what Pakistan is going to pay!”Unquote.

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Mr. Ishaq Dar, the nation wants to know why you issued Euro Bonds at 8.25% when for comparison, Nigeria’s dollar debt carries a yield of 7pc these days, and the average for other African and Middle Eastern countries surveyed by Bloomberg was 2.8pc?

Link:- http://www.dawn.com/news/1209679/analysis-eurobond-attracts-controversy

 

Analysis: Eurobond attracts controversy
KHURRAM HUSAIN —
THE latest Pakistani Eurobond, issued last week, has hit controversy even before the finance team has returned to the country.

Pakistan offered 10-year paper at an 8.25pc yield, and received bids worth $1 billion. The last Eurobond was issued in April 2014, when the government also targeted to raise $500 million, but attracted bids worth almost $6 billion and ended up raising $2bn from the exercise. The yield then was also 8.25pc.

The diminished participation, as well as the unchanged yield from the last bond offering in 2014, has led people to suggest that the exercise ought to have been delayed, since markets were still in the grip of jitters following a steady stream of unnerving news from China and hints from the US Federal Reserve that a hike in interest rates may be coming soon.

Also read: Pakistan issues $500 million Euro bond

According to data obtained from Reuters, Pakistan’s 10-year US dollar-denominated bond issued in April last year traded at 104.883 cents on Monday — still well above its issue price but below the record high of almost 110 cents hit earlier in the year. The premium suggests investors see those bonds as a lucrative asset, although it would be necessary to know how long they intend to hold the bond to determine whether the premium means the bonds may have been overpriced.

“It’s important to keep a presence in the private debt markets,” says a high-level source in the banking industry who closely follows the money markets, “but in this particular situation, the timing could have been changed in the light of negative sentiments in global markets. This bond is also likely to be traded at a premium right away, given its pricing.”

The finance ministry justified the issue, saying in a press release that it was necessary to cover repayment of a maturing bond of the same size that was issued in 2006. That bond matures in March. The ministry also saw it as a positive sign that despite difficult global conditions, “the bond was twice oversubscribed”.

Former State Bank governor Salim Raza agrees that the timing presented challenges, and adds it is reasonable to expect that the yield on this bond should have been lower than the last one. “With improvement in underlying inflation and current account flows, compared with the last issue, we should have seen a better coupon rate,” he says, expressing some puzzlement at the urgency with which the government pursued the bond. “Perhaps they have a reserve target in mind which would warrant additional borrowing.”

The relatively secure position of the reserves, at the moment, leaves many confused as to why it was necessary to go ahead with the exercise at a time when global markets are spooked by a sustained rout on Chinese stock markets as well as possibilities of rate hikes in the US.

“It really doesn’t make sense why they were so keen to pick up $500m at a high price when they have $18.5bn in reserves,” says Sakib Sherani, former adviser to the finance minister who has advised the government in earlier Eurobond flotations. “It’s not just $500m, it’s expensive $500m,” he says.

For comparison, Nigeria’s dollar debt carries a yield of 7pc these days, and the average for other African and Middle Eastern countries surveyed by Bloomberg was 2.8pc.

Pakistan’s credit rating was upgraded by Moody’s right after the budget this year. The credit rating agency cited “continued strengthening of the external payments position; and sustained progress in structural reforms under the government’s programme with the IMF” as the key reasons behind the move.

But on Sept 18, days before the bond exercise, it issued a more guarded assessment of Pakistan’s creditworthiness. That assessment, which assigned a provisional rating of B3 to the Eurobond, spoke of “factious relations between the executive, military and judicial branches of government” as well as “very low fiscal strength and high susceptibility to event risk” as key weaknesses holding back Pakistan’s creditworthiness.

That same assessment pointed to a key concern regarding the rising reserves: they are primarily driven by borrowed money. Moody’s said any strength in Pakistan’s creditworthiness stems from “support from multilateral and bilateral lenders”, underlining the importance of Pakistan’s relationship with international financial institutions like the IMF and the World Bank as principal drivers behind its strengthening reserves.

That concern appears to have been raised during the road shows leading up to the bond issue, prompting the federal finance secretary to say on record that Pakistan may yet consider another IMF programme once the current one ends next September. The secretary’s remarks indicate that investors attached high importance to Pakistan’s ongoing programme as a driver of reserve accumulation and sound fiscal management.

Despite its many problems, investors remain interested in Pakistani debt mainly because of the high yields that it offers, and an abiding faith that great powers will never let the country veer towards default. Pakistan’s external debt repayments eased in recent years as the major repayments to the IMF from the 2008 facility drew to a close. But in its last Annual Report, the State Bank cautioned that these are going to rise again from 2017 onwards, “with the onset of repayments of rescheduled Paris Club debt, Eurobonds” as well as repayments from the ongoing IMF programme. “This scenario emphasises the need for caution while framing debt management strategy of Pakistan.”

Published in Dawn, September 29th , 2015

 

Dear Mr. Prime Minister,

AoA.

Sir,

The following news item (link:- http://www.futurity.org/fusion-reactor-cheaper-coal-785162/?utm_source=taboola&utm_medium=referral&utm_term=timesofindia-timesofindia) clearly spells out a very cheap and extremely CLEAN source of electricity production, from the Fusion Reactor technology.

As is known to the whole world, Pakistani scientists are second to none, in proving their skills and facing the toughest scientific and technological challenges.

As such, you are requested to kindly order the concerned to immediately start working, on the plans to produce extremely cheap electricity with Fusion Reactors, to change the destiny of the nation on a fast track basis; and also to achieve (before due time) the 40,000 MW nuclear power production target fixed to be achieved by 2050.

 

THIS FUSION REACTOR COULD BE CHEAPER THAN COAL
UNIVERSITY OF WASHINGTON

Posted by Michelle Ma-Washington on October 16, 2014

You are free to share this article under the Attribution 4.0 International license.
Fusion energy almost sounds too good to be true—zero greenhouse gas emissions, no long-lived radioactive waste, a nearly unlimited fuel supply.

Perhaps the biggest roadblock to adopting fusion energy is that the economics haven’t penciled out. Fusion power designs aren’t cheap enough to outperform systems that use fossil fuels such as coal and natural gas.

University of Washington engineers hope to change that. They have designed a concept for a fusion reactor that, when scaled up to the size of a large electrical power plant, would rival costs for a new coal-fired plant with similar electrical output.

The team published its reactor design and cost-analysis findings last spring and will present results this week at the International Atomic Energy Agency’s Fusion Energy Conference in St. Petersburg, Russia.

“Right now, this design has the greatest potential of producing economical fusion power of any current concept,” says Thomas Jarboe, a professor of aeronautics and astronautics and an adjunct professor in physics.

HOW IT WORKS

The reactor, called the dynomak, started as a class project taught by Jarboe two years ago. After the class ended, Jarboe and doctoral student Derek Sutherland—who previously worked on a reactor design at the Massachusetts Institute of Technology—continued to develop and refine the concept.

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The design builds on existing technology and creates a magnetic field within a closed space to hold plasma in place long enough for fusion to occur, allowing the hot plasma to react and burn.

The reactor itself would be largely self-sustaining, meaning it would continuously heat the plasma to maintain thermonuclear conditions. Heat generated from the reactor would heat up a coolant that is used to spin a turbine and generate electricity, similar to how a typical power reactor works.

“This is a much more elegant solution because the medium in which you generate fusion is the medium in which you’re also driving all the current required to confine it,” Sutherland says.

There are several ways to create a magnetic field, which is crucial to keeping a fusion reactor going. The new design is known as a spheromak, meaning it generates the majority of magnetic fields by driving electrical currents into the plasma itself. This reduces the amount of required materials and actually allows researchers to shrink the overall size of the reactor.

Other designs, such as the experimental fusion reactor project that’s currently being built in France—called Iter—have to be much larger than the dynomak because they rely on superconducting coils that circle around the outside of the device to provide a similar magnetic field.

When compared with the fusion reactor concept in France, the dynomak is much less expensive—roughly one-tenth the cost of Iter—while producing five times the amount of energy.

COMPARED TO COAL

Jarboe and colleagues factored the cost of building a fusion reactor power plant using their design and compared that with building a coal power plant. They used a metric called “overnight capital costs,” which includes all costs, particularly startup infrastructure fees.

A fusion power plant producing 1 gigawatt (1 billion watts) of power would cost $2.7 billion, while a coal plant of the same output would cost $2.8 billion, according to their analysis.

“If we do invest in this type of fusion, we could be rewarded because the commercial reactor unit already looks economical,” Sutherland says. “It’s very exciting.”

Right now, the concept is about one-tenth the size and power output of a final product, which is still years away. The researchers have successfully tested the prototype’s ability to sustain a plasma efficiently, and as they further develop and expand the size of the device they can ramp up to higher-temperature plasma and get significant fusion power output.

The team has filed patents on the reactor concept and plans to continue developing and scaling up its prototypes.

The US Department of Energy funded the work.

Source: University of Washington

Kind Regards,

Syed Nayyar Uddin Ahmad