Loud Thinking

Archive for the ‘My Views’ Category

May be it also the curtains of the career of the Australian captain Michael Clarke

Heartiest congratulations to Misbah ul Haq for achieving the rarest distinction in the history of Test cricket for scoring the fastest ever fifty and equaling the world’s fastest ever hundred runs record in the same innings.

He has also created a record of hitting highest number of sixes in a Test match innings for Pakistan.

Profound congratulations to Misbah ul Haq and for Pakistan for creating the following two Test match world records;

1. Fastest fifty runs in 21 balls.

2. Fastest fifty runs in just 24 minutes.

“No matter how much you revisit the past there’s nothing new to see.”

— Robert Tew

“Life is like an elevator. On your way up, sometimes you have to stop and let some people off.”

— Author Unknown

“Listening is an attitude of the heart, a genuine desire to be with another which both attracts and heals.”
—L. J. Isham

“You can have everything you want, if you will just help enough other people get what they want,”

“Getting over a painful experience is much like crossing monkey bars. You have to let go at some point in order to move forward.”

— C.S. Lewis

“Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.”

—Sir Winston Churchill (1874-1965)
British Statesman, Prime Minister, Author, Nobel Prize Winner

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.

Kindly 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