Loud Thinking

Archive for the ‘My Views’ Category

“I have great faith in fools — my friends call it self-confidence.”

— Edgar Allan Poe

Your Excellency Mian Muhammad Nawaz Sharif and all cabinet members, here is an eye opening sentence from Admiral Iftikhar Ahmed Sirohi.

Quote.
“As Chairman of BOG of IISS I held seminar on the Debt 1988. It was found that we had taken $32bn returned $32bn and still owed $32 bn.” Unquote.

Mian Muhammad Nawaz Sharif,

Honourable Prime Minister of Pakistan,

Dear Sir,

Please remember that MAN IS MORTAL HIS GOOD DEEDS ARE IMMORTAL.

Kindly peruse below a news item published today by the Times of India, which reflects that the Indian PM is talking nothing at the G20 summit in Australia, except about the BLACK MONEY repatriation to India.

Mr. Prime Minister, we are very surprised that although, BLACK MONEY was the main agenda of the PMLN’s Elections 2013 campaign, yet, you have personally never ever talked on this issue, since you became the PM in June 2013.

Your Excellency, the nation demands that your government must seriously fulfil its promises on bringing back nations looted money from abroad; and also fulfil another extremely important promise of breaking the bowl of foreign loans.

Moreover, please also ask your finance minister that he should remember that he was the minister of the Pakistani government and not appointed by either the IMF or the Swiss government. He should not ruthlessly tell the nation that looted money repatriation from abroad was well neigh impossible; and at the same time our government officials are continuing excursion trips of Switzerland, as if they were employed by the nation to have joy rides.

Everyone going abroad on state expenses, must inform on return to the nation that what tangible benefits materialised for Pakistan, due to his foreign trip.

Mr. Prime Minister, please also stop your ministers and officials from taking the nation on a ride.

Mian Sahab, the nation wants results on your promises of bringing back the black money from abroad and breaking the bowl of the curse of the foreign loans. We Pakistanis do not want to be burdened with useless statements and more and more IMF loans.

Kindly give the following ONLY Two tasks to Mr. Ishaq Dar for completion, during your current tenure:

– To get rid of Pakistan from the entire foreign debt, either by getting it written off or by any other way.

– Bring back the ENTIRE looted money of Pakistan of ANYONE and EVERYONE, parked anywhere in the world.

And if the finance minister says that he can not accomplish these two assignments or to him these two tasks looks impossible … then please appointment someone else, as the finance minister with these monumental assignments, which if achieved, will make the tenure of your current rule IMMORTAL.

Mian Sahab, remember MAN IS MORTAL HIS GOOD DEEDS ARE IMMORTAL.

Times of India news report published today, is as below:

G20 summit: Narendra Modi calls for ‘close coordination’ on black money

BRISBANE: As India makes attempts to recover black money from abroad, Prime Minister Narendra Modi on Sunday asked every country, especially tax havens, to provide information for tax purposes in accordance with treaty obligations.

Raising the pitch on the black money issue, Modi in his intervention at the summit of the Group of 20 industrialized and major emerging economies called for close global coordination to address the challenge posed by it.

Modi voiced India’s support for a new global standard on automatic exchange of tax information, saying it would be instrumental in getting information relating to unaccounted money hoarded abroad and enable its eventual repatriation. He also extended India’s backing for all initiatives to facilitate exchange of information and mutual assistance in tax policy and administration.

The prime minister made the remarks at the plenary session on the subject of “Delivering Global Economic resilience” on the second and final day of the summit held at the Brisbane Exhibition and Convention centre.

He also expressed the hope that Base Erosion and Profit Sharing (BEPS) system would fully address concerns of developing and developed economies.

BEPS is a technical term referring to the effect of tax avoidance strategies used by multinational companies on countries’ tax basis. BEPS is known more commonly as “Transfer pricing”

This term is used in a project headed by the OECD that is said to be an attempt by the world’s major economies to try to rewrite the rules on corporate taxation to address the widespread perception that the corporations don’t pay their fair share of taxes.

The prime minister also said that increased mobility of capital and technology have created new opportunities for avoiding tax and profit shifting.

Modi underpinned the need for the world community to take coordinated decisions although each country has its domestic priority.

“Need for policy coordination among major economies remains strong,” he said.

“Close coordination is important not just for addressing the challenge of black money but also security issues like terrorism, drug trafficking and arms smuggling,” he said.

Touching upon the resilience of the financial system in the world, Modi said it will also depend on cyber security.

Mian Muhammad Nawaz Sharif,

Honourable Prime Minister of Pakistan,

Dear Sir,

Please remember that MAN IS MORTAL HIS GOOD DEEDS ARE IMMORTAL.

Kindly peruse below a news item published today by the Times of India, which reflects that the Indian PM is talking nothing at the G20 summit in Australia, except about the BLACK MONEY repatriation to India.

Mr. Prime Minister, we are very surprised that although, BLACK MONEY was the main agenda of the PMLN’s Elections 2013 campaign, yet, you have personally never ever talked on this issue, since you became the PM in June 2013.

Your Excellency, the nation demands that your government must seriously fulfil its promises on bringing back nations looted money from abroad; and also fulfil another extremely important promise of breaking the bowl of foreign loans.

Moreover, please also ask your finance minister that he should remember that he was the minister of the Pakistani government and not appointed by either the IMF or the Swiss government. He should not ruthlessly tell the nation that looted money repatriation from abroad was well neigh impossible; and at the same time our government officials are continuing excursion trips of Switzerland, as if they were employed by the nation to have joy rides.

Everyone going abroad on state expenses, must inform on return to the nation that what tangible benefits materialised for Pakistan, due to his foreign trip.

Mr. Prime Minister, please also stop your ministers and officials from taking the nation on a ride.

Mian Sahab, the nation wants results on your promises of bringing back the black money from abroad and breaking the bowl of the curse of the foreign loans. We Pakistanis do not want to be burdened with useless statements and more and more IMF loans.

Kindly give the following ONLY Two tasks to Mr. Ishaq Dar for completion, during your current tenure:

– To get rid of Pakistan from the entire foreign debt, either by getting it written off or by any other way.

– Bring back the ENTIRE looted money of Pakistan of ANYONE and EVERYONE, parked anywhere in the world.

And if the finance minister says that he can not accomplish these two assignments or to him these two tasks looks impossible … then please appointment someone else, as the finance minister with these monumental assignments, which if achieved, will make the tenure of your current rule IMMORTAL.

Mian Sahab, remember MAN IS MORTAL HIS GOOD DEEDS ARE IMMORTAL.

Times of India news report published today, is as below:

G20 summit: Narendra Modi calls for ‘close coordination’ on black money

BRISBANE: As India makes attempts to recover black money from abroad, Prime Minister Narendra Modi on Sunday asked every country, especially tax havens, to provide information for tax purposes in accordance with treaty obligations.

Raising the pitch on the black money issue, Modi in his intervention at the summit of the Group of 20 industrialized and major emerging economies called for close global coordination to address the challenge posed by it.

Modi voiced India’s support for a new global standard on automatic exchange of tax information, saying it would be instrumental in getting information relating to unaccounted money hoarded abroad and enable its eventual repatriation. He also extended India’s backing for all initiatives to facilitate exchange of information and mutual assistance in tax policy and administration.

The prime minister made the remarks at the plenary session on the subject of “Delivering Global Economic resilience” on the second and final day of the summit held at the Brisbane Exhibition and Convention centre.

He also expressed the hope that Base Erosion and Profit Sharing (BEPS) system would fully address concerns of developing and developed economies.

BEPS is a technical term referring to the effect of tax avoidance strategies used by multinational companies on countries’ tax basis. BEPS is known more commonly as “Transfer pricing”

This term is used in a project headed by the OECD that is said to be an attempt by the world’s major economies to try to rewrite the rules on corporate taxation to address the widespread perception that the corporations don’t pay their fair share of taxes.

The prime minister also said that increased mobility of capital and technology have created new opportunities for avoiding tax and profit shifting.

Modi underpinned the need for the world community to take coordinated decisions although each country has its domestic priority.

“Need for policy coordination among major economies remains strong,” he said.

“Close coordination is important not just for addressing the challenge of black money but also security issues like terrorism, drug trafficking and arms smuggling,” he said.

Touching upon the resilience of the financial system in the world, Modi said it will also depend on cyber security.

Mian M Nawaz Sharif beware…your election slogan has not only been stolen by the Indian PM N Modi but he has made it as his priority, as well.

But Ishaq Dar says bringing back black money from foreign country may be a pipe dream which means our visits to Switzerland were paid holidays for government officials.

May be our FM is ONLY expert in burdening the country with foreign loans?

Anyway, please read the below mentioned Times of India report:

G20 summit: Repatriation of black money kept abroad is a priority, PM Modi says

“Change starts with you but it doesn’t start until you do.”

— Tom Ziglar

“Trade your expectation for appreciation and the world changes for you.”

—Anthony Robbins (born 1960)
Self Help Writer, Speaker

An article of 2 October 2012 is still waiting for answers from the past and present governments and parliamentarians of Pakistan.

Our rulers owe us answers to the following 6 questions:

Hope our rulers and parliamentarians are aware of a research which reveals that suicide rates have gone up in the countries taking loans from the IMF etc.

Our worthy MNA’s and Senators Must obtain the answers to the following questions from the former Minister of Finance Mr. Abdul Hafeez Sheikh (who was also the key man in the privatisation of the PTCL) and also from the incumbent finance minister Mr. Ishaq Dar.

1. Pakistan is repaying $7.6 billion to the IMF. Did we receive exactly this much amount or the total sum was less than this figure?

2. How much amount of interest Pakistan will be paying over the principle sum of this loan of $7.6 billion from the IMF? Or the IMF will be charging interest on the whole sanctioned amount of $11.3 billion?

3. Did Pakistan pay and what was the total bill for the traveling, boarding and lodging of IMF delegations’s recent visit to UAE, for discussions with our economic team?

4. Besides the interest, how much service, handlers commission and or other charges were deducted by the IMF, on its loan of $7.6 billion to Pakistan? V V important question.

5. How much service charges or penalty was charged by the IMF to Pakistan, for not utilizing or obtaining the remaining $3.7 billion amount, from the originally sanctioned loan amount of $11.3 billion; because Pakistan got only $7.6 billion from IMF?

6. When will Pakistan get its overdue payment of $800 million from the Etisalat Telecom, which is controlling the whole PTCL management and other affairs, with a minority share holding? Why not reconsider the cancellation of the privatisation deal of the PTCL, in view of the serious default since the year 2006, by the UAE based telecom company ETISALAT? There is another option to resolve this problem by writing off this amount of $800 million (which in over 8 years must have grown over $3 billion) and treating it as gift, from the people of Pakistan to owners of the ETISALAT.

Smile is more valuable than jewels..!

“Forgive yourself for the mistakes of the past and smile at past struggles. They are what have made you the stronger person that you are today. Keep on pushing on, positively. Persevere on what is important to you. You are getting closer — and better — and stronger — everyday.”

— Craig Ballantyne