Loud Thinking

Ensure Corruption Doesn’t Pay..!

In Pakistan, every body knows that we are no less behind any nation in corruption.

The NAB chairman during last PPP government’s tenure of 2008-13, himself disclosed that the daily value of corruption in Pakistan, was a staggering amount of Rs.12 billion per day or Rs.4320 billion per year.

Now, this huge amount of corruption in Pakistan is more than the Rs.4.0 trillion budget of the country; and almost 17% of the country’s whole GDP of 250 billion USD.

A state bank report published today on 23 December, 2015 by the daily “Express Tribune” also sheds light on the very high level of “Informal Pakistani Economy” quoted as below.

Quote.

“Currency in circulation as a percentage of GDP is a measure that reflects the scale of the informal economy: a higher ratio means a larger informal economy and a heavier dominance of cash.

According to the SBP annual report, this ratio is 9.4% in Pakistan, which is the second highest after India (10.6%). It is 3.4% in Sri Lanka, 3.7% in Malaysia, 5.9% in Bangladesh and 7% in the Philippines.

Similarly, the ratio of broad money (M2) as a percentage of GDP is another proxy that helps determine the size of the undocumented economy. A lower ratio of M2-to-GDP reflects a larger informal economy. This ratio is 41.2% in Pakistan as opposed to 62.7% in Bangladesh and 76.7% in India.” Unquote.

Moreover, we are also no less behind in raising hue and cry against corruption.

But, the problem is that corruption can neither be curbed with hollow slogans nor by declaration of assets by the politicians and government employees.

Times of India reported on 19 November, 2011(Link:-http://timesofindia.indiatimes.com/india/Black-money-India-to-sign-agreements-with-42-more-nations/articleshow/10793795.cms) that After signing agreements with 48 countries, India will shortly ink pacts with 42 more nations to bring backblack money stashed abroad, Union minister of state for parliamentary affairs Harish Rawat said. Once these agreements are signed, India will be in a position to bring back black money stashed in different banks abroad, he told reporters here.

Corruption can only be minimised by deterrent legislation; which ensures that crime of corruption will not pay, neither in the short, nor in the long term.

And effective judicial verdicts, like the one announced today by the Delhi court in which former Indian 86 years old telecom minister Sukhram, has been sentenced for five years jail, for taking Rs 3 lakhs as bribe to give a lucrative contract to a private firm in 1996. He pleaded for leniency in court on grounds of his old age while the CBI called him a “habitual offender” and sought maximum punishment for him.The 86-year-old former minister was held guilty for misusing his official position during his tenure as telecom minister in P V Narasimha Rao’s cabinet in giving a contract worth Rs 30 crore to a private company, Haryana Telecom Limited (HTL), to supply 3.5 Lakh Conductor Kilometers (LCKM) ofPolythene Insulated Jelly Filled (PIJF) cables to the telecom department.

We in Pakistan, must realise that our main problem is not the existence of corruption. Rather, the fertile culture which help breeds corruption pay, as the most lucrative and profitable activity in Pakistan.

Till such time, we attack the very roots of this cancerous culture of corruption in Pakistan, no positive improvement should be expected in any sphere of life.
And we must be aware of the fact that, corruption is a bigger menace than terrorism.

Since, we have all the required institutions and no dearth of honest and honourable people, what is required is developing a system to post these DYNAMITE people to be head of NAB, FIA and Anti-Corruption departments of provincial governments.

Towards the achievement of this goal, a committee is proposed to be constituted, consisting of Chief Justice of Supreme Court, all Chief Justices of High Courts and leader of the opposition of National and all provincial assemblies, for appointing on a tenure post, all heads and key personnel of NAB, FIA and Provincial anti-Corruption departments.

Moreover, NO person in the country from civil, military, judiciary and any other department should have the immunity from interrogation, on corruption matters, before; these departments.

It is earnestly hoped that the above said mechanism if, put in place, will strike such a fear in the hearts of all and sundry, that no one will dare even think, of doing corruption in Pakistan.

 

Mian Muhammad Nawaz Sharif,

AoA.

Sir,

Please note that it is the prime duty of the PM Pakistan to use all his abilities and resources at his disposal, to free Pakistan from the foreign debt, rather than allowing taking of more burden of loans, to pay off the old loans.

Already, the debt repayment situation has reached an extremely alarming level to the extent that almost more than 40% of the tax revenue goes into the debt repayment. And in the coming years, the current high interest rate loans repayments may eat up almost the entire tax revenues.

This grave situation may not only create unprecedented economic hardships; but can badly erode the military capabilities as well; resulting in virtual collapse of the economic and geographical sovereignty of Pakistan.

Under the circumstances, no one else in the country but you Mr. Prime Minister, may take this challenge to utilise all your abilities and resources, to arrange a 100% foreign debt write-off for Pakistan.

In this regard, as a first step, since you are visiting Germany from Monday, this issue may please be taken up with the German leadership, for garnering support for the write-off of the entire Pakistani foreign debt, in consideration for its services, in the War on Terror (WOT) plus the permission granted for the FREE use of Pakistan’s air space, to all the 49 nation coalition of NATO forces: which if had been charged during the last 15 years of WOT, would have amounted to earnings to Pakistan of about a trillion US dollars (1000 billion USD). Against which amount our entire foreign debt is much less than $100 billion.

Mr. Prime Minister, besides the German leadership, you should also take up this case individually, with all the 49 countries of the NATO’s alliance on WOT in Afghanistan.

Last but not the least, most of the financial experts will advise you that this is a pipe dream and well neigh impossible. Sir, simply tell such advisors that in order to achieve the impossible, it is precisely the unthinkable which must be thought. Moreover, in the past as well, most of the people discouraged the Quaid-e-Azam, by saying that carving an area for the creation of Pakistan from India, was impossible. However, his sheer determination, unflinching conviction for his just cause and focus on solution instead of the problems, enabled him to achieve the once impossible looking task.

With best wishes and kind regards.

Syed Nayyar Uddin Ahmad
10 November, 2014.

Respected Mr. Ishaq Dar,

AoA.

Sir,

On behalf of the Pakistani nation (whose 60% population lives below the poverty line and just 3% elite are ruling the roost), I would like to congratulate you for fulfilling your two below mentioned promises [made on the floor of the house],

– You will obtain IMF loan on our own terms.

– NO mini budget will burden the people.

by today approving via ECC, imposition of further Rs.40 billion worth of burden on the countrymen, when according to media reports, your government will be having a savings on oil imports bill of Rs.750 billion or $7.5 billion during FY 2015-16 compared with FY 2014-15.

Best Regards,

Syed Nayyar Uddin Ahmad
PS:- Link of my article “Mr. PM! There are three options to avoid IMF loan”…https://www.snayyar.com/mr-pm-there-are-three-options-to-avoid-imf-loan.html#sthash.kBrmsdF7.dpbs

Mian Muhammad Nawaz Sharif

Prime Minister of Pakistan

Sir,

You must call an explanation, on the below mentioned question, of the Finance Minister Mr. Muhammad Ishaq Dar, irrespective of the fact that he is your relative, because national interest can’t be compromised at any cost.

Quote:

The Express Tribune Report.

Link..http://tribune.com.pk/story/990484/terms-met-world-bank-approves-500m-for-power-sector-reforms/

“So far, the government has been facing problems in getting concessionary loans from its traditional development partners and has started relying on expensive sources of funding.
From July through September, the government received $1.7 billion in foreign economic assistance and out of that $1.05 billion was on account of expensive commercial borrowings.
These include $263.5 million from Noor Bank Dubai and the $500 million Eurobond.” Unquote.

MY MILLION DOLLAR QUESTION?

Now the Noor Bank loan @4.75% was taken almost at the same time the Eurobonds were floated @8.25%.

The million dollar question is when Noor Bank’s loan was 3.5% cheaper than the Eurobond, why world record most expensive loan was generated thru Eurobonds at 8.25% interest rate, coupled with unspecified tax exemptions also?

Yes, Pakistan presents danger to the entire world, because it nuked Japan not once but twice, invaded Korea & Vietnam, then invaded Iraq on WMD lies & ONLY killed one million Iraqis; and finally invaded Afghanistan during this period also killed innocent kids, women and men going on funeral processions with illegal (as per UN reports) drone attacks.

 

Link:- http://tribune.com.pk/story/987407/pakistan-presents-danger-to-entire-world-nyt-editorial/

 

The SHIV SENA attack on BCCI HQ at Mumbai, was a pre-planned scheme of the RAW controlled BJP government, which is proved by the pictures of BCCI chief, who was casually sitting, smiling and talking with the so-called attackers, as if, they were his guests.

The body language of the BCCI president Mr. Shashank Manohar, said it all.

The whole drama was enacted to put PCB chairman under pressure, to accept whatever offer they (RAW, BJP & BCCI) were giving to the PCB; should be accepted by the chairman PCB Mr. Shahryar Khan, as if, they (BCCI) were favouring the PCB out of the way, despite so called severe pressures from the Hindu fanatics.

From the inside, the BCCI is afraid of the following two consequences, If India refuses to play with Pakistan, in the UAE:

1. There is a chance that BCB may agree to visit Pakistan, after their Australian tour set back and the treatment meted out to the BCB by the big three, where India didn’t support them at all, and Pakistan fully supported their cause.

2. If Pakistan, as a retaliation, refuses to play the T20 match vs India in the coming World Cup, it will result in huge financial loss along with big loss of face.

As such, the Indians want to give the chairman PCB Mr. Shahryar Khan a lollipop of a meaningless short series with India, or a tri series including the BD team, to keep PCB subservient of its grand scheme, of not letting it get off the hook.

Factually, Indians are and were never interested in playing cricket with Pakistan, purely due to political reasons.

Hence, PCB officials will be better off, if they don’t waste their time and resources to meet their Indian counterpart for asking them to fulfil the agreement/MOU signed with the PCB, in lieu of its vote in the ICC to agree for the big three status to the BCCI, ACB and ECB.

Last but not the least, all those officials in the government and the PCB (particularly Mr. Ramiz Raja who on that occasion advised on live TV to Pakistan to become BESHARAM, forget PAKISTANIAT and support India for the ICC big three cause) must resign, for bringing shame and humiliation to the country, on account of their wrong decisions in the big three episode of the ICC.

link:- Video of Ramiz Raja’s statement…https://tune.pk/video/3094544/ramiz-raja-asking-pcb-to-become-besharam-and-say-yes-sir-to-india…-beygarat-insan…

Dear Mr. Prime Minister,

AoA.

Sir,

At the outset I will say bon voyage on your short visit to the United States.

In this connection, you are requested to remind the American president about their unfulfilled promise with Pakistan, made in the year 2002, that PIA will be allowed to fly its planes directly to America from Pakistan, when we were lured to purchase their Boeing 777 twin engine expensive aircrafts, instead of the cheaper four engined Airbus 340 planes.

Here the Americans should also be reminded that PIA was the first airline in the world to fly Boeing 777 planes.

As such, it was high time that the Americans must now honour their old commitment, made with their most steadfast friend, whose contributions in this mutual relationship has been much more than American help and assistance to Pakistan, if seen in the true historical perspective, as detailed below:

– Looked after U.S. needs and helped as a friend e.g. in Korean war era, under various pacts.

– Allowed overflights of American U2 planes to spy over USSR.

– Connected USA with China.

– Brought down USSR in Afghanistan war in 80s.

– Saved scores of American soldiers from being lynched by Somalian war lords.

– Saved US staff from burning Islamabad Embassy.

– Made America a single super power,

– Still fighting so called American war on terror imposed on this region, that too because of sheer incompetence of US intelligence agencies, in stopping 9/11 attacks in the first instance.

With best wishes and kind regards,

Syed Nayyar Uddin Ahmad

Another Muslim today killed by Hindu terrorists in India.

Pakistan should enforce sports boycott of India in protest of daily genocide of Muslims under Modi regime.

It seems that the daily systematic killings of Muslims in India is the continuity of Muslims massacre in Gujarat, when Narendra Modi was the ruler of Gujarat province of India.

Mr. Prime Minister please ask Mr. Ishaq Dar why his performance is NIL on this account which was your ELECTION promise also.

Indians declare $500 mn in black money in tax crackdown.

Link:- http://www.dawn.com/news/1210191/indians-declare-500-mn-in-black-money-in-tax-crackdown

Indians declare $500 mn in black money in tax crackdown
AFP — PUBLISHED ABOUT 2 HOURS AGO

WHATSAPP
7 COMMENTS
EMAIL
PRINT
NEW DELHI: Indians declared $500 million in black money, the government announced Thursday, a fraction of the total amount feared hidden, as a deadline for coughing up assets hidden from the taxman expired.

Indian Prime Minister Narendra Modi took power last year pledging to crack down on black money, a systemic problem in India that sees billions of rupees hidden in foreign bank accounts or funnelled into property abroad.

The finance ministry said more than 600 tax evaders had made declarations by midnight on Wednesday — when a three-month window for unveiling stashes and avoiding prosecution ended.

The Indian ministry said “638 number of declarations have been received under the compliance window declaring undisclosed foreign assets,” amounting to 37.7 billion rupees.

The government has announced a string of measures to crack down on black money, including a 10-year jail term for evaders who get caught from now on.

But Ashutosh Kumar Mishra, executive director of Transparency International in India, doubted whether the government could find the money offshore given how deeply entrenched the phenomenon has become.

“It’s not easy. You need a set of clear reforms and determined political will and it will take years,” Mishra told AFP.

India is one of the most cash-intensive societies in the world, corruption is endemic, and strict tax laws encourage people to keep money off the official books.

Estimates of Indian black money abroad vary widely.

Some $439 billion left the country illicitly from 2003-2012, according to estimates from the Global Financial Integrity group in Washington.

The wealthy channel money to tax havens such as Switzerland or Singapore, convert it into jewellery, antiques, paintings or property, or send a relative abroad for half the year to avoid tax.

Only 2.89 per cent of Indians pay any income tax at all, India’s previous finance minister told parliament in 2013.

World’s largest DEMONCRACY (or Modi’s murder Muslimscracy) wants to sit as a permanent member of the UN Security Council.

A Times of India report:
Right next door to Delhi, mob lynches man over cow slaughter rumour..!
http://m.timesofindia.com/city/noida/Mob-kills-man-over-cow-slaughter-rumour/articleshow/49161246.cms

GREATER NOIDA: A 58-year-old man was killed by a mob in Greater Noida’s Bisada village on Monday night following rumours of cow slaughter in his house. As tension gripped the village and spread to nearby areas, another mob went on the rampage on Tuesday morning in Ooncha Amirpur – barely 5km from Bisada – demanding death penalty for those involved in cow slaughter. The mob clashed with the police after six people were arrested for the murder.
Kiran S, SSP, Gautam Budh Nagar said, “Around 800 armed forces, including a battalion of Provincial Armed Constabulary and police from Ghaziabad, Bulandshahr and Hapur, have been deployed in the village and the areas around it.”
Family members of Iqlakh, the murdered Bisada villager, denied slaughtering any cow in their small house and claimed the story was cooked up to target them. They also claimed neither the cops reached on time nor their neighbours came to their rescue. Iqlakh lived there with his 70-year-old mother Asgari, 52-year-old wife Ikraman, younger son Danish (21) and daughter Sahista (16). His elder son Sartaz works with the Indian Air Force and is currently posted in Chennai. Danish suffered serious injuries in the attack.
“Hundreds of people gathered in front of our house on Monday night and started abusing us,” Asgari told TOI. “A heated argument followed for 10 minutes after which the agitators turned violent and broke open the main gate. They misbehaved with my daughter-in-law and grand-daughter. They did not even spare me. I had locked myself in the washroom but they broke open the washroom door and thrashed me.”
Asgari added, “The attack continued for nearly half an hour, but no one came to our rescue. They brutally thrashed my son and grandson. They, then dragged my son’s body to the road and fled after dumping it there.”
SP (rural) Sanjay Singh said Iqlakh’s body has been handed over to his family after an autopsy, the report of which suggested that he died due to severe blood loss and haemmorage. He also said an FIR had been filed against 10 people, six of whom were nabbed and put behind bars. They have been identified as Rupender, Vivek, Sree Om, Sandeep, Saurabh and Gaurav, all in their late 20s.
“All accused are from Bisada,” Singh said. “They have confessed. We recovered some meat from their possession. The accused claimed it was beef that they recovered from the deceased’s home. It has come to our knowledge that the mob held a meeting in a temple in the middle of the village, where they decided to teach the deceased a lesson for slaughtering cows. The mob then rushed to the victim’s home and attacked the family,” he added.
BJP district president Thakur Harish Singh blamed the police for the incident. “The police did not react on time. The locals gave samples of meat to cops but they did not take it seriously. Then some people got agitated. We urge people to restore peace,” he said.
A man named Rahul Yadav reportedly sustained a bullet injury on his left hip during Tuesday’s clash in Ooncha Amirpur. Yadav is being treated in a private hospital. A magisterial probe has been ordered into the clash.
Gautam Budh Nagar’s district magistrate N P Singh announced financial assistance of Rs 50,000 for the treatment of Danish. “We have also recommended financial help for the family. We have formed peace committees to restore amity in the area. Senior administration officials are coordinating with the peace committees,” he said.