Loud Thinking

Archive for the ‘My Views’ Category

Pakistan… Do more….!

As reported by the daily Jang website NATO war planes have violated Pak air space over Tourkham border consecutively during the last three days.

Perhaps NATO knows this nuclear powered nation can’t do anything against their hostile actions as was proved in the Abbotabad and Salala operations.

May be they also think its less than a banana republic which didn’t even dare lodge a formal protest against its air space violations.

And then General Dempsey had the audacity to say that Pakistan never gave 100% cooperation.

Pakistan must call an emergency UN Security council’s meeting to discuss Indian genocide of peaceful, unarmed Kashmiri people praying in a mosque.

“Age does not protect you from love. But love, to some extent,
protects you from age.”

— Jeanne Moreau

Ingenuity is the quality of being clever, original, and inventive.

“Set your course by the stars, not by the lights of every passing ship.”

General Omar Bradley (1893-1981);
United States Army General

Strengthen Your Confidence

Confidence isn’t something you either have or you don’t. It’s a dynamic emotion that, like a physical muscle, needs exercise to grow stronger. Here are two ways to build and maintain it:
Take inventory of your past. It’s easy to doubt yourself and your abilities. But if you look at your track record, chances are that your successes outweigh your failures. And, more importantly, you likely survived your missteps and gleaned lessons along the way.
Focus on strengths. Most leaders are very strong in a few competencies, average in the majority, and weak in a few. Concentrate on leveraging what you’re best at. Then, manage your average and weak areas so they don’t detract from your effectiveness.

Adapted by HBR from “To Strengthen Your Confidence, Look to Your Past” by Amy Jen Su and Muriel Maignan Wilkins.

A couplet of Mirza Ghalib very appropriate for Mr. Ishaq Dar Finance minister of Pakistan.

قرض کی پیتے ۃھے مے اور یە کہتے تھے ھاں

رنگ لاۓ گی اپنی فاقہ مستی ایک دن

Indian war crimes have started again in Kashmir.

Indian forces have again embarked upon a renewed spree of genocide of Kashmiri Muslims busy in their night Ramzan prayers (TARAVEEH).

Why the world conscious is silent on this massacre of peaceful praying Muslims?

Indian security forces responsible for this GENOCIDE must be tried for their war crimes at a tribunal like the one formed by the UN at Hague, namely “The International Tribunal for the Prosecution of Persons Responsible for Serious Violations of International Humanitarian Law Committed in the Territory of the Former Yugoslavia since 1991.”

Moreover, all the permanent UN security council member countries must not allow India to be considered for the permanent post of UN Security Council on the basis of its extremely grave human rights violations on peacefully praying Kashmiri Muslims.

He is the best ever servant produced by the IMF who says IMF loan not to increase external debt..!

Posted at www.snayyar.com by Syed Nayyar Uddin on July 18, 2013 in My Views | Edit |
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IMF loan not to increase external debt: Dar

The News dated 18 July, 2013.
ISLAMABAD: Federal Minister for Finance Senator Muhammad Ishaq Dar on Wednesday said that the loan from the IMF would not increase Pakistan’s external debt as the new loan would be utilised to return the previous loan.
Talking to Australian High Commissioner Peter Heyward, who called on him here on Wednesday, Dar said that he was optimistic about achieving the ambitious revenue target of Rs2,475 billion set in the budget, which is 25 percent over the previous budget.
He said that medium-term framework announced in the budget envisages a reduction of debt by two percent every year in the overall public debt, which is presently 63 percent of the GDP and way above the 60 percent permissible under the fiscal debt and responsibility law.
Given our sincerity of purpose, hard work and our determination to remain on the right track, “I am optimistic that macro-economic challenges being faced by the country are manageable,” he added.
The minister further said that smooth passage of the budget, successful conclusion of an IMF programme and payment of Rs322 billion to private power producers had been some of the major initiatives of the government of Prime Minister Nawaz Sharif to address the challenges facing the economy of the country.
Dilating on the IMF programme, Senator Ishaq Dar said that the terms of the agreement were within the broad parameters of the PML-N manifesto. “Even if we had not entered into any IMF programme, we would have taken similar measures,” he added.
“The IMF programme success has been well taken by the financial world,” said the finance minister.The high commissioner said that Australia was keen to expand its economic relations with Pakistan and showed interest in the areas of mining, energy and agriculture.Peter Heyward said that Australia was keenly watching the development and would support Pakistan.
Mr. Ishaq Dar your above statement at the headline virtually exposes your love for the IMF begging bowl and also reveals that to how much extent you can go ( to prove night as day) for the IMF loan.
Now also please read my letter published by the daily “Dawn” on 18 July, 2013.
IMF: exploring other options
FROM THE NEWSPAPER
Published
2013-07-18 07:14:24
I WOULD like to draw the attention of Finance Minister Ishaq Dar to reports about the IMF which extends zero interest rates to low-income country loans.
I am convinced that it is a disaster recipe for our economy to seek loan on an exorbitantly high rate of three per cent from the IMF to repay its old loan.
Moreover, the finance minister’s argument that this was the only option to avoid a default does not hold water as not one but many viable options exist.
Second, default is better than the destruction of the very foundations of the nation’s economy. In the recent past, many countries have bravely negotiated with the international lending agencies and succeeded in getting reduction of up to 60 per cent of their loans.
However, in Pakistan’s case our loan amount is increasing with an unbelievable speed. It was recently reported that when the PPP government took over in 2008 our debt liability was $40 billion and now it has increased to more than $60 billion.
The question is why did Ishaq Dar remain silent as the PML-N’s financial expert and senator during the PPP tenure when it crossed the legal and constitutional limit of six per cent debt-to-GDP ratio?
This was a grave violation of the law. Had the PML-N taken up this issue with the Supreme Court, the PPP government would have been immediately dismissed.
So how can he now absolve himself of this financial mess by just saying that he took over the government with the nation’s economy in a very bad shape?
Also, how can history exonerate the PML-N, in general, and Ishaq Dar, in particular, from not playing a pro-Pakistan role when the then government was playing havoc with the country’s economy?As such, there is only one way to atone for our past acts of commissions and omissions by not burdening further the nation’s economy with extremely and unprecedented expensive loans of the IMF.
There is still time to explore other options to avoid the IMF loan. Nothing is impossible. Where there is a will there is a way.
NAYYAR UDDIN AHMAD Lahore
… other posts at www.snayyar.com by Syed Nayyar Uddin

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