Loud Thinking

Archive for the ‘My Views’ Category

Special agenda for the PM Pakistan.

Sir, please note that it is the prime duty of the PM Pakistan to get rid Pakistan from the foreign loans, instead of taking more burden of loans to pay off the old loans.

Mr. PM please take up with German leaders during your next visit to Germany for the writing off of the entire Pakistani foreign debt for its services in War on Terror and also allowing free use of Pakistan’s air space to the 49 counties coalition of NATO forces, which if was charged would have amounted to about a trillion dollars (1000 billion USD) in the last 15 years of WOT.

Mr. PM you should also take up this case individually with all the 49 countries of the NATO alliance on WOT in Afghanistan.

“We’ve got this gift of love, but love is like a precious plant. You can’t just accept it and leave it in the cupboard or just think it’s going to get on by itself. You’ve got to keep watering it. You’ve got to really look after it and nurture it.”

— John Lennon

“Don’t find fault, find a remedy.”

— Henry Ford

Irony of Life – Hopes & Wishes !!!!!!

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.

What else is corruption Mian Nawaz Sharif Sahab?

He (Mr. Zubair) said that the delay caused by a stay order granted by the Peshawar High Court on the petition of Pakistan Tehreek-e-Insaf led provincial government and the sudden fall in oil prices in the international market reduced the government’s earnings.

Mr. Prime Minister, if the above statement of Mr. Zubair (MOS and Chairman Privatisation Commission of Pakistan) is true then it looks all the more unwise decision that the government has given a 6% discount on the previous day trading of the OGDCL shares at the Karachi Stock Exchange.

The discount would alone cause about Rs5 billion losses on last day’s trading.

Killing of 2 Kashmiri boys a mistake, admits Army.

Link:- http://timesofindia.indiatimes.com/india/Killing-of-2-Kashmiri-boys-a-mistake-admits-Army/articleshow/45076174.cms

Pakistan lobbyist Robin Raphel under lens for alleged spying.

Link:- http://timesofindia.indiatimes.com/world/us/Pakistan-lobbyist-Robin-Raphel-under-lens-for-alleged-spying/articleshow/45073087.cms?

“Friends and good manners will carry you where money won’t go.”

—Margaret Walker (1915-1998)
Poet

“Individually, we are one drop. Together, we are an ocean.”

— Ryunosuke Satoro

LHC tells Sharif family to pay Rs 3.5bn mark-up on loan

Staff Report
November 07, 2014
1 COMMENT

LAHORE: Justice Ayesha A Malik of the Lahore High Court on Thursday directed Ittefaq Group of Sharif family to pay mark-up of Rs 3.5 billion against a collective loan obtained from a consortium of banks.
Malik directed the owners of the group to pay the mark-up and postponed hearing of the petition for a date to be fixed by registrar office. She issued the directions on a petition moved on behalf of the consortium of National Bank of Pakistan and other financial institutions. The petitioner’s counsel said that the basic defaulted loan amounting to Rs 6 billion had been recovered after selling of Ittefaq Group’s four units, but according to rules the mark-up was yet to be recovered. He said that bank’s demand for the mark-up was according to the agreement reached between the parties at the time of advancing the loan.
He said that the Sharif family had surrendered four units to pay back the loan, but failed to pay the mark-up which amounted to Rs 3.5 billion. He requested that the owners of Ittefaq Group be directed to also pay the mark-up. The petitioners including National Bank of Pakistan, Habib Bank Ltd, United Bank Ltd, Zarai Taraqiati Bank of Pakistan, Muslim Commercial Bank, PICIC Bank, First Punjab Mudarba and Corporate Law Authority had moved the petition in 1998. Eight banks had sanctioned a collective loan of Rs 3.11 billion to Ittefaq Group of industries between 1982 and 1998.
In most cases the loan was not paid back and the banks added the mark-up charges to the actual credit. The petitioners had requested to order for the recovery of their loan through auction of different units as they had failed to fulfil their financial commitments made against loan given to them. A single bench had accepted a petition of the banks for sale of Ittefaq Foundries, Brothers Steel at Kot Lakhpat, Ittefaq Brothers at Shahdara and Ilyas Enterprises at Bund Road Lahore. These units were surrendered by Nawaz Sharif’s family against bank liabilities for adjustment of loan. Later, Sharif family had informed that sale agreement of Ittefaq Group’s four units had been finalised with Al-Rehmat group. He said that the Al-Rehmat group would buy the units for Rs 6 billion and schedule of the payment had also been decided.