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H’able Mian Nawaz Sharif Sahab,

Salaam.

The above mentioned news reported today on 10 July, 2013, by the jang.com.pk that Saudi Arabia and UAE are providing (interest free and conditions free) cash and kind assistance of $8 billion to Egypt, further highlights the importance of my three doable suggestions put forward for your kind consideration in my article titled “Mr. PM! there are three options to avoid IMF loan”. published in the daily “The News” dated 27 June, 2013 links:-

http://www.thenews.com.pk/Todays-News-13-23752-Mr-PM!-There-are-three-options-to-avoid-IMF-loan

http://images.thenews.com.pk/27-06-2013/ethenews/t-23752.htm

In this regard, vide my email dated 9 July, 2013 addressed to your honour, titled “Few Suggestions to Revive Economy, Fast Track Improvements in Energy Crisis and Nation Security Policy” the possibility and practicability of option No.2, of my above mentioned article was duly elaborated for the convenience of your finance team as below:

Quote. “Your kind attention is invited to my earlier email informing that the news that Abu Dhabi has planned a $50 billion investment in India; and the negotiations are at a very advanced level. Abu Dhabi has the WORLDS BIGGEST SOVEREIGN WEALTH FUND . Now considering the following plus points of Pakistan:

i. Pakistan is the only country in the world which allows foreign investors to repatriate 100% profit and investment without any hassle.

ii. There is no income tax on IPP’s in Pakistan.

iii. The Indians are severely annoying the Abu Dhabi people with objections on their deal of Etihad Air with Jet Airways of India, which will give EA rights over 37,000 weekly seats in India, after EA purchases 24% shares of Jet Airways. Pakistan must grab this opportunity and offer a suitable agreement with PIA. Indian Jet Airways is in much more bad financial shape than PIA and is owned PRIVATELY.

iv. Pakistan should also offer to Abu Dhabi, management sharing in other avenues like, Port Qasim, KPT, steel mills, OGDC, PNSC etc., in lieu of their investment.

v. Pakistan can also offer to Abu Dhabi to invest in new Islamabad Airport, expansion and development of other airports, helicopter and small planes air taxi service to and from big cities to many smaller cities and towns, and development and export of world class fisheries, corporate farming, export of dairy products, fruits, flowers etc.

vi. Abu Dhabi had a very long and successful JV experience with Pakistan viz., Pak Arab Fertilisers Limited. Now they can be offered such JV’s for Refineries, Oil and Gas explorations, defence related production items and air craft manufacturings etc.”Unquote.

Mr. Prime Minister, this news of cash and kind (interest free and conditions free) financial help of Egypt, by the KSA and UAE proves that Pakistan was deliberately forced to take IMF loan with very high repeat very high interest rate of 3%, coupled with conditionality’s. Further, it has also proved that we have completely failed in convincing our Arab friends and 49 NATO countries led by the USA, that helping Pakistan is helping the world and its neighbours, against the menace of terrorism, mainly because Pakistan is the front line state against this world war of terrorism, for the last 13 years. Our friends and allies should be cognisant of the fact that the more Pakistan goes into poverty and economic deprivation, the more this situation will breed the terrorists.

In view of the foregoing, Mr. Prime Minister, you are passionately requested to personally take the charge of the economic policies of Pakistan, vis-a-vis it’s friends, to save Pakistan from the stranglehold of IMF and the World Bank; and from the tunnel vision of our financial and foreign affairs experts. This is all the more necessary because business as usual will never deliver (like the lousy suggestions of increasing tax burden and enhancing utility services rates, so that the ages old policy of penalising the honest common man and rewarding rich scoundrels, continues in this tenure as well, which obviously is the best recipe of an early demise of ANY government).

Pakistan needs nothing, except out of box solutions, which is only possible from a fearless leader and not a timid person, because a timid person like Pervaiz Musharraf, can rule a country, but he can never rule the hearts of his subjects.

With Best Wishes and Kind Regards,

Syed Nayyar Uddin Ahmad

snayyar.com
Lahore.

Sent from my iPad3 4G LTE

The daily “The News”  published the following on Thursday, 27 June 27, 2013 at page # 4.

Link:- http://e.thenews.com.pk/6-27-2013/page4.asp#;

Link:- http://images.thenews.com.pk/27-06-2013/ethenews/t-23752.htm

Mr. PM! There are three options to avoid IMF loan

ISLAMABAD: Renowned economist Syed Nayyar Uddin Ahmad has written an open letter to the Prime Minister Main Muhammad Nawaz Sharif, in which he has suggested three out of the box solutions to avoid taking loan from the IMF.

The following is the text of the letter:

H’able Prime Minister Mian Muhammad Nawaz Sharif Sahib;

Salaam.

I am fully convinced that you still firmly believe in the content and spirit of the subject mentioned poetry (AY TAIER E LAHOUTI USS RIZQ SAY MAUT ACHI  JIS RIZQ SAY AATI HOO PARWAZ MEIN KOOTAHI), which was also the punch line of one of your elections 2013 advertisements.

However, I was really disappointed by the speech of Mr Ishaq Dar, which he delivered at the NA on Saturday, 22 June, 2013.

Hope you remember very well, how the timid Pervez Musharraf had told the nation that if he had not accepted the US demands of war on terror, Pakistan would have been bombed by the USA, to the Stone Age. Similarly, Mr Ishaq Dar had tried to scare the nation, by saying that if Pakistan doesn’t take further loan from the IMF, for the repayment of the old loans, it will go into default. By the way we’ve paid off the principal anyway, as have dozens of countries, some several times over. In any case, when Argentina, Ecuador, even Dubai, defaulted heavens didn’t fall.

Sir, perhaps you remember, in one of my recent emails it was stated that “Fatemi Sahab, don’t make Musharraf of Mian Nawaz Sharif Sahab. Remember, a timid person can be a ruler but he can never be a leader. It’s the duty of the advisors to never leave the PM or the president, in a state, where he is forced to make decisions under the influence of fear. This can only be done if the advisor informs the leader all the strong and weak points in a balanced manner.”

I also hope that Mr Ishaq Dar knows very well the dirty role of the world lending agencies as exposed in his famous book “Confessions of an Economic Hit Man” written by John Perkins and published in 2004.

According to his book, Perkins’ function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an Economic Hit Man (EHM) as follows:

“Economic hit men (EHMs) are highly-paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the US Agency for International Development (USAID) and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.”

In 1988, economist Davison Budhoo revealed in his 22-page resignation letter – more of an expose of IMF ‘expertise’ – after his 11 years with it: “When we went on a mission, we did not even have the scope to innovate, to look at the country and make projections, that you thought were reasonable… there was already a briefing paper before we entered the country. We were told what we were expected to do, and give conditionality in terms of what the fiscal deficit was and how much it should be reduced; even before we entered the mission… we were expected to structure our findings in relation to the figures in the briefing paper, which were put there without any research, and were predetermined. So the conditionality was also predetermined… In this sense, every IMF mission is fraudulent even today…”

Mr. Prime Minister, not that I am only saying that your government must not take IMF loan to pay the old loan, which will be the biggest trap for our future generations; but I have also given three out of the box solutions (at the bottom of this write up) for Pakistan, to resolve this issue of old IMF loan payments, without taking fresh loans from the IMF.

As has been reported in the media, now a days, an IMF delegation is visiting Pakistan to offer fresh loan of $5-7 billion, to be mostly utilized by Pakistan, for the repayment of old IMF loan.

It is very surprising that PML-N’s government is not working on the lines to ask the IMF to have a heart; and be patient with our loan repayments, considering the fact that Pakistan has been totally destroyed during the last 15 years of war on terror, jointly fighting with 49 NATO countries as a major non NATO ally. Moreover, this war has inflicted more men and material losses on Pakistan than the combined losses of the 49 NATO countries. As such, Pakistan has a right to be given some moratorium in its repayment of IMF loans. Even otherwise, Pakistan has already repaid more than the entire amount of the loan by partnering the West in its WOT; and also by not demanding any penny from the NATO for the military over flights to and from Afghanistan. Here, the NATO must also be reminded that at the beginning of the Iraq war, NATO offered more than $20 billion to the Turkish government, for the over flights.

Mr. Prime Minister, every student of economics knows that never to use good money to chase bad money. Hence, there is no logic in seeking fresh loan to repay the old loan. This is a sure shot recipe for disaster, just like treating a cancer patient with fake medicines. IMF should be clearly told that Pakistan was well within its rights, to have asked for the write off, of the remaining unpaid amount of their loan. However, what we are seeking is just a moratorium.

Pakistan cannot afford to pay IMF’s remaining loan, over the peril of its economic demise.

In this regard, you may also order the Foreign Office to contact all the 49 NATO governments, to garner moral and financial support for Pakistan, so that we are also able to strongly look after their interests, in providing all the necessary facilities for their troops in Afghanistan. The USA and the NATO  should also be reminded that Pakistan is not charging a single penny for their military over flights, for which they offered more than $20 billion to Turkey, during the last Iraq war.

As such, Pakistan’s whole hearted cooperation in the WOT deserves matching reciprocal response in the shape of using their influence in IMF, to facilitate Pakistan by way of at least 20 years moratorium in the IMF loan repayments.

Just for your information, I am reproducing below my six questions to the then finance minister of Pakistan, Mr. Abdul Hafeez Sheikh, which remained un-replied till date, but are an eye opener, that how Pakistan was plundered by the past government.

1. Pakistan is repaying $7.6 billion to the IMF. Did we receive exactly this much amount or the total sum was less than this figure?

2. How much amount of interest Pakistan will be paying over the principle sum of this loan of $7.6 billion from the IMF? Or the IMF will be charging interest on the whole sanctioned amount of $11.3billion?

3. Did Pakistan pay and what was the total bill for the travelling, boarding and lodging of IMF delegation’s recent visit to UAE, for discussions with our economic team?

4. Besides the interest, how much service, handler’s commission and or other charges were deducted by the IMF, on its loan of $7.6 billion to Pakistan?

V.V. Important Question.

5. How much service charges or penalty was charged by the IMF to Pakistan, for not utilizing or obtaining the remaining $3.7 billion amount, from the originally sanctioned loan amount of $11.3 billion; because Pakistan got only $7.6 billion from IMF?

6. When will Pakistan get its overdue payment of $800 million from the Etisalat Telecom?

Sir, I apprehend that Pakistan was being forced to pay back the loan with penalties for not utilizing the sanctioned amount of $11.3 billion IMF loan.

Remember, we got only $7.6 billion from the sanctioned amount. As such, IMF and the West are treating Pakistan like a conquered country, rather than a major non-NATO ally in the world war on terror (WWOT).

As far as the question of generating foreign exchange is the issue, the concerned may be advised to proceed on the following lines:

1. Like India did many years ago, we may also keep our gold as a security, with some of friendly country(s), in lieu of obtaining matching amount of foreign exchange.

2. Recently Abu Dhabi helped Dubai, in its financial crisis, by providing 10 billion US dollars. We can also approach our friends to help us on the same terms.

3. As a last resort, if the West and the NATO countries have decided not to help Pakistan in our financial crisis, and they are forcing us to take the loan from the IMF, to repay its previous liabilities; and for which they are not even ready to reschedule our loans, as was done with Pakistan in the Pervez Musharraf’s era, when Paris Club loans of Pakistan were rescheduled, then instead of going for the default option, we should offer nuclear umbrella, in exchange of a reasonable amount of payment, to our friends in the gulf and the Middle East, from the Oman to Syria, who are always weary, of the Israeli nuclear blackmail. I know this will cause a lot of furor in the West led by the USA, Israel and India, but they can be told in plain words that if a nuclear Pakistan goes bankrupt, it will be more dangerous for the whole region and severely catastrophic for the world.  And after all, we will be going for this option only to repay their outstanding loans, so that the coffers of the West are kept full. As far Pakistan is concerned, it has already been forced to live in a Stone Age, fighting their imposed WOT, for the last more than a decade.

Email address: nayyar51@hotmail.com

Look at the level and difference of Pakistani government’s slavery to America, compared with Afghanistans.
Afghanistan’s government, which is an occupied country, stopped NATO supplies for 17 days (July 22 to August 07) into their own country from Pakistan, for non payment of a paltry sum of Rs.80 million i.e. Pak Rupees 8 Crore. 
In contrast to the Afghan government’s action stated above, Pakistani government doesn’t even thought of stopping NATO supplies, for the years of over due payments, of billions of US dollars. 
Even now, the US has not paid any amount, due since last June 2011. 
Under the circumstances, it can be easily said that, Pakistani government of a nuclear nation, has allowed the US to treat Pakistan, worse than the occupied Afghanistan, which doesn’t even have a regular army.
The moral of the story :- The sovereignty of a nation is not dependent on the nuclear power or the strength of its armed forces, rather, on the guts of the government.

Link :- http://dawn.com/2012/08/09/afghanistan-restores-nato-supplies/

QUETTA: The Afghan authorities restored on Wednesday Nato supplies after private companies paid a customs duty of Rs80 million.

Nanhiali Faizi, a senior official of Afghan Customs, said the issue had been settled and now there was no restriction on the entry of Nato containers into Afghanistan.

Later, 20 containers were allowed to cross the Chaman border into Afghanistan.

Pakistani officials in Chaman confirmed that the Afghan authorities had restored Nato supplies.

Afghanistan had put restrictions on the entry of Nato containers on July 22 for non-payment of duty.—Staff Correspondent (DAWN).

Turkey Approves Indictment of Israeli Commanders : Why Can’t Pakistan Try NATO Commanders?

A report published today (29 May 2012) in a news paper, tells that a Turkish court has approved an indictment, seeking multiple (8000 to 18000) life sentences, for the four Israeli military commanders, over their alleged involvement in the 2010 killings of nine Turks on a Gaza- bound aid ship. The indictment accuses Israel’s former COGS Gabi Ashkenazi & three other retired senior military commanders, of involvement in the raid on the Turkish aid ship. Turkey had previously said, it would try to prosecute all Israelis responsible, for crimes committed during the raid.

Now, coming to NATO Salala check post attack, which resulted in the killing of 26 & not 24 Pakistani soldiers and dozens others were injured, why can’t Pakistan also indict NATO commander and other responsible soldiers, for a far more serious crime than the Israeli attack on Turkish aid flotilla? Here, we must also remember that Pakistan has deployed its forces on the Afghanistan’s border, on specific request of NATO, to help them in their created WOT. So, by all means, killing the helping forces of Pakistan, attracts and deserves double the punishment, than in normal circumstances.

However, we hope that the news attributed in media to the Prime Minister of Pakistan (elected by 180 million Pakistanis), that the “Killed soldiers now can’t be back alive with US apology” is absolutely false. In the mean time, we are also hoping that the same worthy PM of Pakistan, will soon issue a defamation notice to the concerned news agencies, who reported that our PM during his latest visit to UK, purchased only 3 coats worth Rs.80/- lacs. At the same time, we are still waiting for the denial of the news, about the last time purchase in UK, of items worth about Rs.8 crores by the honourable wife of our P.M.

So, long live the cherished democracy in Pakistan, which is looking after our leaders and their families in a befitting manner. Long live our chosen democratic leaders.

For the dying poor Pakistani civil and military mortals “Democracy is the best revenge”.

Dear Mr. Barack Obama,

Salaam.

Pakistan still remembers that you said “Pakistan was an enormous country”, during your last visit to India and now Mr. Leon Panetta, has very rightly said that stable Pak-US relations are critical to Afghan success.

In my opinion, after you Excellency, your Secretary of Defense, is the only man in the world, who can restore the snapped relations with Pakistan, provided he is given the ultimate authority to negotiate new terms of engagements, which in the end, must be a win win situation, for both the parties.

However, it must be remembered  that stability of our relations won’t come over the blood of our martyred soldiers. Muslims are never taught to offer the other cheek, if slapped on one.

US and the NATO must understand our psyche, before even thinking of building stable relationship with Pakistan.

The only way to reach out Pakistan, for it’s cooperation and friendship, is to first recognize what it has sacrificed, for the imposed war and then deal on mutual and equal terms. Else, acrimony will stay permanently, even if some ad-hoc measures, diffuse the situation for the time being.

Wishing you, your family and all Americans, a very happy Christmas and Seasons Greetings.

Best regards,

Syed Nayyar Uddin Ahmad

Lahore – Pakistan.

Daily the Nation reported today under a head line, that “Pak nuclear asset unsafe as its military penetrated by extremists: Gingrich” link :-http://nation.com.pk/pakistan-news-newspaper-daily-english-online/Politics/08-Dec-2011/Pak-nuclear-asset-unsafe-as-its-military-penetrated-by-extremists-Gingrich

In this regard,  Leading Republican Presidential candidate Newt Gingrich has reported to have said that the Pakistani Army is so penetrated by extremist elements, its nuclear assets of about 100 weapons are not safe.

Mr. N Gingrich should leave the phobia of Pakistan’s nuclear arsenal and purge his own military killing machine, which has killed in recent years, millions of Muslims in Iraq, Afghanistan & Pakistan, on the wrong inte…lligence of WMD’s (as admitted by Bush, Blair and Powel) and false war on terror.

America has specialized in killings of innocent Muslims and the latest example is it’s attack on Pakistani check post on 26/11, at Pak-Afghan border killing our 28 troops, who were there to protect American and NATO soldiers, from the attacks of Taliban.

This has reference to the news published on November 04, 2011 in the daily “Pakistan Today” under the heading ” Pakistan going after extremists will be a ‘real wild card’: Rice” Link :-  http://www.pakistantoday.com.pk/2011/11/pakistan-going-after-extremists-will-be-a-real-wild-card-rice/

Ms Condoleezza Rice let me tell you that your words Calling Pakistan “a continuing problem” for both the US and Afghanistan are very offensive, uncalled for and an insult for a nation, who gave more sacrifices in men and material, than combined losses of 49 NATO countries, fighting your sown and harvested terrorism in Afghanistan.

And don’t forget Ms C. Rice that Pakistan and this region is suffering, just because your agencies failed to stop 9/11 plotters, who got training in aeroplane flying right inside your country; and none of them belonged to Pakistan.

America has a habit of waging wars on innocent people on false pretexts.

We in Pakistan wonder, what wrong we have done over the last 64 years, in looking after your needs and helping you as a friend e.g. in Korean war era under various pacts, allowing overflights for your U2 planes to spy over USSR, connecting USA with China, bringing down USSR in Afghanistan war in 80s, saving American soldiers from being lynched by Somalian war lords, saving US staff from burning Islamabad Embassy,  making America a single super power and 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.

Ms Condoleezza Rice, the fact is that America has time and again proved, with its betrayal in its friendship with Pakistan, that you people are and never were worthy of Pakistan’s friendship and all the sacrifices we gave for you. Moreover, now there is no doubt that you understand one and only one language, learnt in Vietnam, Iraq and Afghanistan wars.

And the moral of the story is, that a nation may survive being not a friend of America but, it can’t survive, being a friend of America. 

Recently the defense Secretary briefed to a committee in parliament that Abbotabad incident happened because Pakistan had not perceived any threat from the west and that now Pakistan is fully prepared for any such eventuality. My question to the people in the government is that is this the preparation of Pakistani defense planning, that whenever Afghanistan wants, she can commit aggression against a nuclear armed Pakistan, kill its people in scores of dozens and then go back without being punished?
 
Let me tell that such unabated killings of Pakistani troops will happen again and again in future and can’t be curbed with protests with Afghan diplomats or NATO people. Now it is an international rule, albeit neither legal nor approved by the UNO, that countries make pre-emptive strikes for even any perceived hostile action against their people or country.
 
So, in my opinion, if at all we are serious in eliminating such future aggressions against our motherland, Pakistan must at least make retaliatory strike on Afghanistan in such a befitting manner, that it will think 1000 times before repeating in future, any such hostile acts. In fact, I believe that in such situations ” Qatal Moozi Qabal Eeza ” i.e. nip the evil in the bud.  
 
Here I am reminded by a quote of Ch. Shujaat Hussain wherein, he said, Pakistan has not made Atom bomb for firing on Shab-e-Barat. Moreover, we should also remember that saying ” Hay Jurm-e-Zaeefi Ki Saza Marg-e-Mufajat. “
 
                                          Pakistan Zindabad