Loud Thinking

Posts Tagged ‘My Views’

“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.

Nandipur power project: MD justifies Rs36 per unit cost of generation
By Shahbaz RanaPublished: November 7, 2014

Link:- http://tribune.com.pk/story/786998/nandipur-power-project-md-justifies-rs36-per-unit-cost-of-generation/

Zero tolerance in the fallacy of the world’s largest democracy..!

Pak T-shirts in procession: Treason case registered

Link:- http://timesofindia.indiatimes.com/city/lucknow/Pak-T-shirts-in-procession-Treason-case-registered/articleshow/45061784.cms

“There are seven days in a week and Someday isn’t one of them.”

— Author Unknown

“Treat everyone with politeness, even those who are rude to you – not because they are nice, but because you are.”
—Unknown

Write a Speech, Not an Essay

There’s a huge difference between crafting a speech and writing an essay, yet too many people approach them in the same way. The average adult can read 300 words per minute, but can only follow a speech at half that rate. So speeches require you to simplify. To make sure your audience stays with you, state your thesis and lay out the structure of your speech first. Then, let listeners know where you are with signpost words (“second,” “finally,” etc.). Lead or end an argument with statistics, but don’t fall into reciting strings of numbers or citations. The human brain is wired for narrative, so focus on telling a compelling story. And remember that when delivering a speech, you are your punctuation. Use your voice, hand gestures, pacing, and your position on stage for emphasis.

Adapted from “ A Speech Is Not an Essay” by John Coleman.

Mr. Arun Jaitely and the Indian government are sadly and badly mistaken. The fact is that Pakistan and Kashmir are inseparable entities.

Actually, it is for the Indian government to accept the ground reality and decide between war and peace, with Pakistani and Kashmiri people.

Moreover, the Indian government should also be careful, while addressing all issues with Pakistan, which is neither Bhutan nor Nepal.

We the Pakistanis, know very well the worthlessness of India, which has even failed to subdue Sri Lanka, where recently about a dozen Indians, have been awarded death penalty.

Last but not the least, we Pakistanis also know that the United States leaders have clearly told India that it can’t be included in the UN Security Council, as its permanent member, until and unless india resolves Kashmir problem with Pakistan.

So, the fact is that it is in India’s own long term strategic interest, to be at peace with Pakistan; which obviously can’t be achieved without resolving the Kashmir dispute, in accordance with the UN resolution; and the aspirations of the people of Kashmir.

Indian policy makers must repeat must, clear their mind that it can not gain anything, by its newly adopted policy of verbal and military aggression. Pakistan is NOT made of the material, which can be subjugated by India.

Mr. Arun Jaitely, you can’t have your cake and eat it too.

“If you tell the truth, you don’t have to remember anything.”

— Mark Twain