Loud Thinking

Archive for the ‘Pakistan’ Category

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.

---

 

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

These are defining moments for Pakistan.

If corrupt Mafia wins, Pakistan will forever, remain a Banana Republic.

However, if across the board accountability process succeeds, Inshallah, Pakistan will emerge as the most enviable nation in the world.

Currently, the situation is very delicately and evenly poised; and we have to keep our fingers crossed.

Another Indian secret agency RAW’s agent (Anurag Thakur, Secretary BCCI) opens his mouth again and says India will not play cricket with Pakistan, if it harbours Dawood, continues dialogue with Hurriyat.

As already informed few weeks earlier, BCCI and its Secretary are veritable arms of the Indian secret agency RAW; and the ICC and the world cricket boards, must immediately act to ban him from holding any official cricketing office in India or anywhere in the world, before it’s too late and the whole world of cricket is polluted, politicised and finally doomed.

In the mean time, Pakistan will also not play vs India, till Samjhota Express burning criminals are punished & India harbours Ajit Doval (Indian National Security Advisor) the terrorist who admitted his own acts of terror in Pakistan. His video is available on the google. Link:- http://www.dailymotion.com/video/x2e7c0o_ajit-kumar-doval-talking-on-taliban-issue-he-is-indian-national-security-adviser-to-mr-modi_news

ICC should also immediately decide to move the next T20 World Cup 2016, scheduled to be held in India.

An open letter to the Prime Minister.

 

Mian Muhammad Nawaz Sharif,

AoA.

Sir,

Somehow, I know without any doubt that whenever, you pray or visit the Holy land for prayers at Khana-e-Kaaba and Masjid-e-Nabvi (SAWW), the well being and glory of Pakistan and its nationals, is always at the center of your heart, while bowing to Allah (ST) for prayers.

I also have a confirmed belief that Allah (ST) has given you the chance to become the Prime Minister of Pakistan for the third time, to take some special task. However, it is up-to you to make your best mental, physical or sincere efforts to achieve that special task, or pass the time in normal routines.

And to enable you to succeed in chosen task for you, Allah (ST) is slowly, but gradually, creating favourable circumstances and golden opportunities. And to see these favours of Allah (ST), one need to have the required vision, rather than the ordinary eyesight.

Here, my mind goes to a famous saying of Helen Keller, quoted as below:

“The only thing worse than being blind is having sight but no vision.”

In my humble opinion the mission Allah (ST) wants you to accomplish is the “THE CHANGE FOR GOOD OF THE DESTINY OF PAKISTAN AND ITS RESIDENTS”.

As you may be well aware; and we have seen and observed in our lifetime, the changing of destiny of many countries, which were even worse off than our nation, like China, Korea, Singapore, Malaysia, Indonesia, Gulf Emirates, Japan, Germany and many European countries completely and 100% devastated and ravaged by the wars.

Sir, your this tenure consists of a period of 5 years or 60 months, out of which 26 months (43+ %) have gone passed and only about 34 months are left.

As they say, better late than never. Still, if you are able to lead the nation to motivate, generate and channelize positive energy of 20 crore population, for rebuilding (by working DAY and NIGHT the remaining man-hours of 34 months can be converted into the man-hours of 68 months), Pakistan as one of the top ten countries of the world.

In this regard, one thing is absolutely clear that the hard work, sacrifices of personal comfort, absolute sincerity, impeccable honesty, elimination of VIP and SIFARISH culture, zero tolerance for (inefficiency, corruption, wastage of natural resources, nepotism and favouritism and no compromise on rule of law) must come from the Prime Minister himself, who should tighten his belt, to become the prime mover of all the engines of growth and development in the country.

We have witnessed in our times many examples of one man leadership of China, Malaysia, Singapore etc., changing the fate of their countries, single handedly.

Obviously, these leaders gave the blue print of their own vision to the next line of leadership, selected PURELY on merit, which was meticulously executed by the lower cadres of leadership.

Mian Nawaz Sharif Sahab, the biggest advantage you posses over those leaders discussed above, is the availability of very fast internet and super computers, which can perform the job of years in days.

Second advantage, which you can obtain is the unconditional cooperation of the entire population, to join your hands in the implementation of the vision of re-building a prosperous and developed Pakistan, if you can assure the nation that you are ready to work with all Pakistanis purely on merit, without any consideration of your relatives or party affiliation.

Third advantage, you will automatically obtain, in the shape of unqualified cooperation from the politicians, Judiciary, civil and military bureaucracy, professionals, businessman, labourers, students and farmers etc., if you can assure them that from now onwards, no appointment or case will be approved without merit. Also you will not disapprove dissent (in the national interest) coming from any level, as happened recently, in the case of a senior police officer, who was taken to task, for the reasons known to all and sundry.

This is necessary because a country of 20 crore population can not be controlled by a PM, CM or ministers. Every Pakistani working in the fields, factories or offices will have to perform his duty as if he was himself the PM of the country. You will have to make 20 crore PM’s who should be delivering their duties only having fear of Allah (ST) and fully abiding the law of the land.

Sir, in support of the completion of your vision (stated above) Allah (ST) has already bestowed Pakistan, with unimaginable and unbelievable advantages of China Pakistan Economic Corridor, reduction in oil prices, the nuclear agreement of Iran with the West and the huge success of operation Zarb-e-Azb shall INSHALLAH, result in huge economic, industrial and social benefits for Pakistan.

Mr. Prime Minister the die is cast for the change of the destiny of Pakistan. The time is waiting for you to grasp with both hands, the golden opportunity of the centuries, by announcing and taking the nation into full confidence, about your next 100 years plan (divided in 20 five years plans) for Pakistan.

Man is mortal his deeds can be immortal.

Kind Regards,

Syed Nayyar Uddin Ahmad

Why Pakistan is not demanding from India such details of the 18/2 Samjhota Express burning in 2007?

Times of India reports:( http://m.timesofindia.com/india/Modi-Sharif-talks-Top-10-highlights/articleshow/48015511.cms ) that Pakistan agrees to India’s demand to provide voice samples of the accused of the 26/11 Mumbai attack.

How strange it is that Pakistani cricket team is ranked among the world’s top three in the Test matches version of the game, but it is ranked in the bottom three of the ODI version of the game.

The world # 1 Test team of South Africa is # 4 ranked ODI team and the world # 2 Test team of Australia is # 1 ranked ODI team.

However, the world # 3 Test team of Pakistan is # 9 ranked ODI team of the world.

In fact, among the Test playing nations in the ODI rankings, we are the second last team of the world. Only Zimbabwe’s ODI team is ranked below Pakistan.

Since, more or less same players play the same way, the both versions of the game, the only reason which comes to mind about the problem with the Pakistani team, in its poor performance in the ODI version is that they just can’t play the ODI games, in its modern style, with aim in the mind of scoring above 300, 350 or 400+ runs in 50 overs.

Our world records of lowest score & average in first ten overs and world record of playing highest dot balls clearly/visibly points towards the faults, which if improved, can easily transform our same team into the top 5 ODI teams of the world.

However, this milestone cannot be achieved with openers like recently turned timid Ahmad Shahzad or afraid of playing moving ball outside the off stump, Muhammad Hafeez.

Moreover, players like Shoaib Malik and Asad Shafiq will always be an impediment in the top notch performance of our ODI team.

Actually, our team needs two or three more fearless batsmen like Sarfraz Ahmad and Awais Zia.

Currently with ONLY one Sarfraz Ahmad, it is not for nothing that we are 9th ranked team in the world.

In fact, the PCB chairman who approves the team and selectors who originally selects the team, must not do this ZULM or cruelty with Pakistani team by selecting utterly undeserving players like Shoaib Malik, Asad Shafiq, Muhammad Hafeez and Ahmad Shahzad; and keeping out true ODI material players like Umer Akmal and Awais Zia.

The Chairman PCB must note this fact that cricket is a tremendous team game. And just one misfit player can disturb the balance of the team.

Furthermore, our selectors have proved that they don’t select players with an eye on future, by not giving a chance during the recently concluded Zimbabwe series, to the newly selected dashing batsman Mukhtar, to allow him to gain ODI experience and confidence under the home conditions.

In our ODI team we have four misfit players, which clearly reflects the fault lines and dismal results of being white washed by the teams like Bangladesh and defeat Vs the West Indies team in the World Cup, by a HUGE margin of 150 runs.

If we have to qualify for the champions trophy (don’t forget we came last in the 2013 champions trophy), our team should be selected on the principle of horses for courses; with no place for spent cartridges.

An open letter to the PM on the dismal state of affairs of sports in Pakistan.

Dear Mr. Prime Minister,

AoA.

Sir,

The whole nation knows that you are extremely furious and utterly disgusted, over the the news that Pakistani hockey team has failed to qualify for the participation in the next Olympics.

Sir, knowing the fact that more than the players, the people at the helm of the affairs at the PHF and the sports ministry, are wholly and solely responsible for bringing this disgrace to the nation, I am surprised that no action was taken against them, when exactly a year ago, our hockey team failed to qualify for the participation in the next Hockey WORLD CUP.

Sir, However, what is even more surprising is that all those PHF and sports ministry people, who were responsible for the failure of our team to qualify for the next WORLD CUP AND THE OLYMPICS, have been given the task to suggest ways for the future improvement in our hockey affairs.

Sir, until and unless our sports administrators will have the fear of accountability, no improvement can be expected in this field.

As it may be already in your knowledge that our cricket team is also on the verge of disqualification, from its participation in the next years Champions Trophy.

In this regard, no one can say that prior notice or information was not available with the government, as my following 13x emails (since the year 2013) addressed directly to you, are reproduced below for reference and record of all the concerned.

1. Prime Minister’s Zarb-e-Azab..!
Posted by Syed Nayyar Uddin on June 13, 2015 | – See more at: https://www.snayyar.com/prime-ministers-zarb-e-azab.html#sthash.R8CzYxPf.dpuf

2. Re-structuring of the PCB – Few Proposals
Posted by Syed Nayyar Uddin on May 19, 2015 : https://www.snayyar.com/re-structuring-of-the-pcb-few-proposals.html#sthash.xQXnhlth.ytEHd7CT.dpuf

3. SOS to Pak PM to save Pakistan’s Cricket..!
Posted by Syed Nayyar Uddin on March 28, 2015 : https://www.snayyar.com/category/sports-2/page/2#sthash.uNgYMlVc.dpuf

4. An express open letter to the PM Pakistan..!
Posted by Syed Nayyar Uddin on March 20, 2015 : https://www.snayyar.com/category/sports-2/page/2#sthash.uNgYMlVc.dpuf

5. A most urgent message for the PM Pakistan..!
Posted by Syed Nayyar Uddin on February 26, 2015 : https://www.snayyar.com/category/sports-2/page/2#sthash.uNgYMlVc.dpuf

6. Mr. PM action is better than inaction..!
Posted by Syed Nayyar Uddin on February 22, 2015 : https://www.snayyar.com/category/sports-2/page/3#sthash.tQ6haTpQ.dpuf

7. A Clarion Call to the Prime Minister Mian Muhammad Nawaz Sharif..!
Posted by Syed Nayyar Uddin on December 22, 2014.: https://www.snayyar.com/category/sports-2/page/3#sthash.tQ6haTpQ.dpuf

8.

میاں نواذ شر یف مر جاۓ گی کر کٹ تو انصاف کرو گے
Posted by Syed Nayyar Uddin on October 12, 2014
: https://www.snayyar.com/category/sports-2/page/3#sthash.tQ6haTpQ.dpuf

9. Pakistani Sports (BLACK DAY IN HOCKEY)…in the abyss..!
Posted by Syed Nayyar Uddin on June 2, 2014 : https://www.snayyar.com/category/sports-2/page/4#sthash.SmOkgShn.dpuf

10. Cricket Crisis – Final nail is about to be hammered into the coffin…28 April, 2014.
: https://www.snayyar.com/category/sports-2/page/5#sthash.tEcHhvfl.dpuf

11. Once bitten twice shy..!
on April 13, 2014 in Cricket, My Views, Pakistan, Sports
– See more at: https://www.snayyar.com/category/sports-2/page/5#sthash.tEcHhvfl.dpuf

12. PM and PCB hush up..!
on April 3, 2014
– See more at: https://www.snayyar.com/category/sports-2/page/5#sthash.tEcHhvfl.dpuf

13. Mr. PM! Sports is more powerful than government in uniting the people on September 22, 2013
– See more at: https://www.snayyar.com/category/sports-2/page/8#sthash.C4Ltb7A5.dpuf

With best wishes and kind regards,

Syed Nayyar Uddin Ahmad
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