Loud Thinking

Posts Tagged ‘Pakistan’

Pakistani Prime minister Mr. Imran Khan informed the world about the policy of NAYA Pakistan under his rule very early in August 2018 that Pakistan will no longer participate in any others war and will only join hands with friends in the partnership of peace. His few minutes talk video is attached for ready reference and watching.

Dr. Ikram ul Haq’s doctrine for:

i) Fast track jump in FBR’s tax revenue to PKR 8 trillion per year (Income tax PKR 5 trillion & Sales Tax PKR 3 trillion).

ii). FBR should get 100 million registered as taxpayers before June 2021, out of that 20 million have taxable income.

iii) Refund of about PKR 70 billion from FBR to masses on account of unlawful advance income tax collected in cell phone bills will create huge goodwill in the masses about the PTI government.

FBR should register 100 million as taxpayers before June 2021, out of that 20 million have taxable income. By bridging tax gap [out of 2.4 million return received by FBR till today, 1.5 million declared NIL income], we can reach the figure of Rs. 8 trillion (Income tax Rs. 5 trillion and sales tax Rs. 3 trillion). FATF requirement of comprehensive data will also be met to come out of grey list. If Imran Khan pays back refunds of 12.5% of 80 million adults [having non-taxable or NIL income] who paid advance and adjustable income tax of 12.5% tax as pre-paid or post-paid mobile, PTI will get sure victory in next elections. 80 million having income less than Rs. 400,000 will get refund of about Rs. 70 billion for tax years 2019 & 2020 alone as total withholding under this head was Rs. 102 billion as per FBR Year Book for 2019-20 and 2018-19. Pakistan will have data of all 100 million adults—already verified through biometric and having mobile connectivity. Refund to them will be a great gesture of helping those earning no income or income below taxable limit in COVID-19 endemic.
Step 1: FBR to compulsorily register all 100 million mobile users.
Step 2: SMS message to them giving username and password to upload or update profile on FBR’s website answering just 4 questions:

A. Dependent or head of family as per NADRA record. If head number of dependents.
B. Self employed or salaried person [salaried person to write name of employer]
C. If self employed the nature of businesses or profession and address of business.

4. Annual net income from all sources
   On the basis of above we will have National Socio-Economic Registry of households.
   *Those having taxable income but never filed income tax return and sales tax statement should be facilitated to file simple and easy one-pager tax return having declaration of gross sales or receipts, as the case may be, made available both in English and Urdu. Those living in areas where internet is not available can take help of Post Office nearby or a person having 3G/4G service of any mobile company to fill simple declaration. *It will help in documentation of all households and their earning levels at national level by matching family-tree data available with NADRA. Individuals earning below taxable limit should be paid Income support (negative tax) till the time the State provides them employment and not keep them beggars for life*. Those not registered as voters will be helped through ECP to become voters.
   30 March 2021

Subject:- Way forward for Pakistan – Focus on development with apolitical decentralised governance

Respected Mr. Imran Khan Sahab.

AoA.

Sir,

The below write up titled “What next for Pakistan after Afghan peace agreement?” (Annex – A) is to invite your kind attention towards the fact that Pakistan can only move forward, if:

~ We decide as a nation to keep domestic politics freezed, for say about next 10 years: and simply focus on national development agenda, by involving the entire nation and not keeping any relevant stake holder at bay. In fact, this will put horse (development agenda) before the cart (domestic politics).

~ Involvement of entire population by authentic decentralisation, without mixing any semblance of domestic politics. Our local bodies system has inherent manufacturing defect that the cart (domestic politics) is put before the horse (development). As such, keeping this objective in view, it has been proposed in the 1 March 2020 write up titled “What next for Pakistan after the Afghan peace agreement?” to wind up the current set up of provincial governance system (in a least disruptive manner) to be be replaced with a set up of an administrative units.

In view of the fact that after wasting almost three quarters of a century in doldrums, Pakistan must now make up the lost time, without any further delay, because, it is certain that no amount of wealth or resources can develop our country, without first changing the existing decadent system, which was and is, basically designed to serve the elite, at the expense of the teeming millions, turning it into a country of ONLY the rich, for the rich by the rich.

As such, our motherland needs every Pakistanis personal contribution, by way of our intellectual involvement, in bringing a genuine CHANGE of system in Pakistan, focussed on the needs of the have-nots of Pakistan.

Warm Regards,

Syed Nayyar Uddin Ahmad
03219402157
Lahore.
7 March 2020

(Annex – A)
What next for Pakistan after Afghan peace agreement?

We must remember that behind this defeat of the 50 NATO countries alliance in Afghanistan is Pakistan (the biggest proof, evidence, testimony & symbol of their defeat is that the sole super power of the world called the United States of America was forced to sign the peace deal not with its puppet government in Kabul, but with the Afghan Taliban Organization, which USA till date, has not officially recognised).

The defeat of NATO forces and victory over of Taliban in Afghanistan war can also be measured with the statement of Dr. Henry Kissinger quoted as below:

Quote:
“ The conventional army loses if it does not win. The guerrilla wins if he does not lose.” Unquote.

Moreover, the set back to the Indian designs (of sandwiching Pakistan from two fronts) far more outweighs its impact over the western countries.

For Pakistan this is a moment of retrospect and thanksgiving to Allah (SWT) Who has blessed us with the total withdrawal of the inimical forces and its operatives, from our western frontiers, which has been achieved by the supreme sacrifices of the hundreds of thousands of Pakistanis blood, under the able civilian and military leadership of the country.

Now, specially India (to safeguard its commercial interests) will need unhindered access through Pakistani land, air and sea space for connecting with the CAR countries.

Further, the CPEC has suddenly become strategically even more important, for the regional countries of Arab peninsula up to Bangladesh, for approach to CAR countries.

In view of the foregoing, now Pakistan can be truly and suddenly turned into the gateway of China and CAR countries, for the this part of the fastest developing nations of the globe.

As such, Pakistanis must UNITE immediately to minimise politics from our body politic; and devote our entire repeat entire energies to aim for the following targets in next 10 years i.e., by the year 2030.

1. 100 % literacy of the population
2. 100 % education in population
3. 100 % Polio free population
4. 100 % toilets in homes
5. $200 billion per year exports target
6. 10% GDP growth
7. 100 % self sufficiency in oil and gas supplies from domestic sources
8. Construction of dams for the next 75 year’s water & power needs.
9. 100 % villages to be provided electricity power from renewable power sources and construction of 100% farm to market metalled roads.
10. Radical reforms in the Judicatory, Police and the Administration sectors to cope with the modern day needs of the 21st century.
11. Creation of administrative units by eliminating the current governance system based on HUGE sized provinces.
    In this regard, each division should be called a unit and named as PK-1 to onwards. There should be no set up of governors and chief ministers. Rather, each unit should be governed by an elected (on non party basis at least for first ten years) person who may be called Ameer or Mayor of the unit.
    This new set up is necessary, keeping in view of the failure of all other systems and set ups in Pakistan; and considering that decentralisation (not in just name but in true sense with total autonomy of all administrative and financial powers) is the main key for extremely fast speed development of Pakistan, with the sole aim of uplifting in ten years, more than 120 million poor people from below the 2 Dollar per day income level of earnings.
    Else, no civil or military government (led by any honest, sincere and honest leader) with the current system of governance (political, judicial, Police & Administration) can ever deliver for teeming millions of Pakistan, which unfortunately are being pushed below the poverty line threshold, with the advent of every new government.
    
    As such, CHANGE is the name of the game for the survival of Pakistan, which has been unfortunately, left behind by ALL the countries of our region.

Syed Nayyar Uddin Ahmad
1 March 2020

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My replies to the Indian PM on his latest Twitter Messages after 12 Indian security personnel were reported to have been killed today in an ongoing insurgency in Indian held Kashmir.

1. @PMOIndia: “This is one more in a series of provocations and barbaric actions by the enemies of peace.” http://t.co/BJ8wKK01wt

Reply:- @nayyarahmad: @PMOIndia exactly we had the same feelings when Church was bombed in Pakistan.

2. @PMOIndia: We are firmly resolved to combat and defeat the terrorist menace that continues to receive encouragement from across the border. -PM

Reply:- @nayyarahmad: @PMOIndia Sir, pl also comment on the role of Indian consulates in Afghanistan in Swat, Balouchistan insurgencies & suicide attacks in Pak.

3. @PMOIndia: Such attacks will not deter us or succeed in derailing our efforts to find a resolution to all problems through a process of dialogue. PM

Reply:- @nayyarahmad: @PMOIndia no doubt your this statement reflects that it has come from a statesman. Fully appreciated.

In any crime investigations, the first logical step is to find the beneficiary of that criminal act.

Here, in Pakistan we have observed a pattern, which reveals that either, the terrorists have been targeting the GHQ, Naval and Air Force bases or indulging in specific targeted attacks on Sri Lankan cricketers, Chinese, foreigners and Pakistani minorities.

All these operations are carried out (at specifically chosen vital timings) not only to inflict maximum men and material losses, but also to undermine Pakistan’s military power; and create isolation in foreign policy, sports and tourism etc.

We should not be so naive to indefinitely close our eyes and ignore the role of huge number of Indian consulates, specially based near the Pakistan’s western borders with Afghanistan. In fact, the terrorism in Karachi and the insurgencies of Swat and Balouchistan are a clear testimony of the Indian evil designs, being perpetrated through these consulates in Afghanistan.

However, Pakistan must rest assured that this Indian game plan, specifically designed to keep Pakistan burning for an indefinite period, will never cease, till such time we repay the Indians in the same coins, by devising an strategy to fight fire with fire.

As such, it is high time that Pakistan officially warn India to immediately pack up all its consulates in Afghanistan, failing which Pakistan should also immediately take steps to establish its own consulates, in the border areas of all those countries, which share a common border with India e.g., China, Nepal, Bangladesh, Myanmar and SriLanka etc.

PAKISTAN PAINDABAD.

Honourable Prime Minister Mian Muhammad Nawaz Sharif Sahab,

Salaam.

While your government is increasing the size of the begging bowl, look what India is doing…!

A TOI eye opening news..!

Govt launches austerity drive, bans meetings in 5-star hotels
PTI | Sep 18, 2013, 08.37 PM IST

Chidambaram earlier met financial advisors of various ministries to impress upon them the need for austerity.

NEW DELHI: Government departments have been banned from holding meetings in 5-star hotels and officials barred from executive class air travel as part of a slew of austerity measures announced on Wednesday to cut non-plan expenditure by 10 per cent.

Aiming to restrict the fiscal deficit to 4.8 per cent of GDP in 2013-14, the Finance Ministry has ordered all ministries and departments not to buy new vehicles, create new jobs or fill posts lying vacant for over one year.

It has also directed that the size of delegations going abroad should be kept at the “absolute minimum.”

The government has been introducing austerity measures since 2008-09, most recently in November 2012.

“Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the government. In the context of the current fiscal situation, there is a need to continue to rationalise expenditure and optimise available resources,” the finance ministry said.

Finance minister P Chidambaram earlier said he had drawn a red line and would not allow the fiscal deficit to breach the target of 4.8 per cent of GDP in 2013-14.

The various austerity measures helped the government to contain the fiscal deficit at 4.9 per cent of GDP in the previous financial year, against the budgeted target of 5.1 per cent.

The circular came a day after Chidambaram met financial advisors of various ministries to impress upon them the need for austerity. ———————————————————–

Mr. Prime Minister, one thing must be made clear to all your advisors that only foreign loans will not and never cure the ills of the Pakistan’s economy, for which we will also have to reduce our expenditures in a big way and not just in a cosmetic manner.

Wishing you all the best in your untiring efforts to put Pakistan back on the rails of recovery.

Syed Nayyar Uddin Ahmad

Lahore.

Sent from my iPad3 4G LTE

Black day in the history of Pakistan’s cricket. Red letter day for the Zimbabwe cricket.

Pakistan Submerged in the Debt Trap..!

There is a feeling that government is mortgaging the future of the country with the foreign donor agencies, by taking so much huge amount of loans (that too just for the repayment of the old loans), which this poor country may never be able to repay. This means that in every terms, we have gone bankrupt; and can’t even breathe, without the debt life line.

Today, Pakistan is not under huge debt, rather, it is completely buried under the debt. The government has borrowed Rs.611 billion in just 40 days from the state bank of Pakistan, as against Rs.507 billion in full year (2012-13). In other words, the PMLN’s government has borrowed Rs.15.3 billion per day in 40 days as against Rs.1.4 billion per day by the previous regime in 2012-13.

The 6% depreciation of Rupee vs the USD in the last 80 days, has cost Pakistan Rs.3.5 billion per day and has added additional Rs.276 billion in public debt in the last 80 days. (Figures quoted in this para and its preceding para were reported by Dr. Ashfaque H Khan, in his article, reproduced below, titled “A nation’s debt” published by the daily “The News” dated 27 August, 2013).

————————————————————-

H’able Prime Minister Mian Nawaz Sharif Sahab, you always spoke against the debt burden through out the last 5 years tenure of the PPP.

However, now your government has broken the entire 365 days record of the PPP government in just first 40 days, as per the details explained above.

As such, kindly take it as very serious matter (of the economic life and death of the Pakistan) because, all the world knows that the USSR, the strongest nuclear power of the world, was broken, not because of any enemy action, but by its own economic melt down.

Sir, unfortunately, all financial indicators points that your era is moving the country fast towards economic melt down.

You may remember, I requested you to to take the personal charge of the affairs of the country, lest the situation may not come to a pass, where even you may not become helpless, to stem the rot.

In this regard, after declaring an economic emergency, the following economy and austerity measures are suggested for adoption, to at least put up an impression to the masses, that government is seriously contemplating to improve the economic resurgence of Pakistan. And also to dispel the impression that your economic policy is not to just blindly run the country on domestic and foreign loans and to merely pass your tenure of the government, without bothering about the repercussions of the future inability of the country, to pay back these loans.

SUGGESTIONS

1. Immediate 50% reduction of all the pay and perks of the entire government servants/employees (except all the security personnel who are shedding their blood for our safe and better tomorrow) from president to the peon. This should include all government employees, employees of the government semi-government/autonomous corporations/ banks, PIA, Railways, Steel Mills etc.

However, upon improvement of the economic situation the unpaid 50% salary amount should be gradually given back to the employees.

Moreover, for all these government employees, there should be a 50% rebate in payment of all utility bills and educational fees of their children during this period of economic emergency.

2. 50% expenditure reduction in the entire PSDP.

3. Absolute ban on the foreign trips of the government officials. All international meetings to be attended by the respective envoy’s of Pakistan, in that country.

4. Absolute ban on the foreign medical treatment on government expenditure, right from the top to the bottom.

5. Cessation of the entire subsidy on the food items available to the Senators, MNA’s and MPA’s at the Parliament’s cafeteria, where Roti is served almost free; and even in Peshawar, it is selling at Rs.15/- for the general Public.

6. Complete ban (in real sense) on the official entertainments at all levels.

7. NAB may be directed to take very immediate steps (absolutely ruthlessly) to recover (from within and outside Pakistan) all the looted national money, on a fast track basis.

8. Immediate nationalisation (without giving any time to the ultra rich people to move their precious jewellery out of Pakistan) of the GOLD, DIAMONDS, GEMS and precious metal in Pakistan.

9. Reduce taxation rate of all types of taxes, GST, levies, excise etc. to a maximum of 10%.

10. During the currency of this economic emergency period, there should be a ban on increase in the prices and rates of POL, utilities and all essential items.

With warm regards and best wishes.

Sincerely yours,

Syed Nayyar Uddin Ahmad

Lahore – Pakistan

Sent from my iPad3 4G LTE

Article of Dr. A.H. Khan published in the daily “The News” dated 27 August, 2013.

A nation’s debt

Dr Ashfaque H Khan
Tuesday, August 27, 2013
From Print Edition

The prime minister, in his address to the nation, expressed his concern about the rising debt of the country. His concern was right because high and rising debt constitutes a serious threat to economic prosperity. It acts as a major impediment to growth and hence to employment generation and poverty alleviation. It also discourages both foreign and domestic investment and puts pressure on the exchange rate thereby causing sharp depreciation of the exchange rate and the attendant rise in public debt.

Managing the country’s debt is an art as well as a science. It requires proper institution to manage the debt. Successful debt reduction would require fiscal consolidation and a policy mix that supports growth. Key elements of this policy mix and measures include addressing structural weaknesses in the economy, domestic resource mobilisation and supportive monetary policy.

Fiscal consolidation must emphasise persistent structural reforms for resource mobilisation and expenditure rationalisation over temporary fiscal measures such as increasing tax rates and reducing expenditure across the board. Fiscal institutions including the country’s debt office can play an important role in locking any gains. Reducing public debt takes time; therefore, fiscal consolidation must focus on enduring structural change.

Pakistan’s public debt has grown over the last five years at a pace never witnessed in the country’s history. Public debt (both rupee and dollar components) has grown at an average rate of 21.5 percent per annum in the last five years (2008-12) as against an average rate of 6.6 percent per annum during the first seven years (2000-07) of the previous decade. In absolute terms, public debt rose from Rs6040 billion in 2007-08 to Rs14255 billion by the end of June 2013; that is, an addition of Rs8215 billion in five years.

It is interesting that successive governments over the last 60 years accumulated Rs6040 billion public debt while the previous regime alone added Rs8215 in just five years. Put differently, every child born in 2007-08 carried a debt burden of Rs36606. A child born in 2012-13 carried a debt of Rs77896 – an increase of 112 percent in just five years.

Within the public debt, it is domestic debt that has grown at a pace (23.4 percent per annum) faster than external debt, which stood at $46.2 billion in end June-2008 and rose to $66.4 billion by end-June 2011. But it declined to almost $60 billion in end-June 2013. The decline in external debt owes to the suspension of the IMF programme in May 2010 which dried up most of the external flows from the International Financial Institutions. Meantime, Pakistan continued to service its external debt obligations out of its foreign exchange reserves. It appears that the suspension of the IMF programme was a blessing in disguise as it prevented Pakistan from further accumulating external debt to the extent of approximately $10 billion by now.

Within the domestic debt, the composition of debt has witnessed considerable changes in the last five years. Medium-to-long term debt has been converted into short-term debt with serious consequences for government’s debt management. Today, over 55 percent of domestic debt (Rs5.2 trillion) is of short maturity, which must be rolled over at least once a year. Even more worrisome is the fact that the bulk of short-term debt is shifted to the shortest end of the maturity (three and six months).

Factors responsible for the unprecedented surge in debt include the persistence of large fiscal deficit (on average over 7 percent of GDP), sharp depreciation of exchange rate (over 40 percent) and slower growth in economy (on average, 3 percent per annum). The persistence of large fiscal deficit represents government’s inability to collect more revenues on the one hand and reckless spending on the other, resulting in an extraordinary surge in public debt. Higher public debt has caused interest payment to more than double, crowded out private investment and reduced fiscal space to undertake much needed public investment in infrastructure.

The prime minister’s concern is genuine. He has inherited a severely damaged economy. What is required on his part is not to repeat the same mistakes. Fiscal consolidation should therefore be the topmost priority of his government. In his frequent speeches, he loves to mention various developmental projects of national and regional importance that he intends to launch. All these projects would require resources to complete them. He has seldom talked about domestic resource mobilisation with same zeal and fervour. It is suggested that domestic resource mobilisation should be an integral part of his government’s fiscal consolidation.

Secondly, fiscal consolidation efforts need to be complimented by measures that support growth: structural issues need to be addressed and monetary conditions need to be as supportive as possible. The beginning is not up to the mark. The government has borrowed Rs611 billion in just 40 days from the State Bank of Pakistan as against Rs507 billion in full year (2012-13). In other words, it has borrowed Rs15.3 billion per day in 40 days as against Rs1.4 billion per day by the previous regime in 2012-13.

Thirdly, exchange rate stability is also vital for preventing public debt accumulation. The performance in this regard is equally poor. The exchange rate has already depreciated by 6 percent in just 80 days. Accordingly, without borrowing a single dollar, Pakistan has added Rs276 billion in public debt in just 80 days – Rs3.5 billion per day.

Nothing is lost thus far on economic front for this government. These are minor damages and can be cured. What is required from the government is a serious effort to consolidate the debt situation through fiscal discipline, productive use of fiscal deficit, improving the quality of expenditure, exchange rate stability, structural reforms, a vibrant debt office, good communication strategy, and a strong and coherent economic team.

The writer is the principal and dean of NUST Business School, Islamabad.

Email: ahkhan@nbs.edu.pk

Pakistan submerged in the debt trap..!

There is a feeling that government is mortgaging the future of the country with the foreign donor agencies, by taking so much huge amount of loans (that too just for the repayment of the old loans), which this poor country may never be able to repay. This means that in every terms, we have gone bankrupt; and can’t even breathe without the debt life line.

Today, Pakistan is not under huge debt, rather, it is completely buried under the debt. The government has borrowed Rs.611 billion in just 40 days from the state bank of Pakistan, as against Rs.507 billion in full year (2012-13). In other words, the PMLN’s government has borrowed Rs.15.3 billion per day in 40 days as against Rs.1.4 billion per day by the previous regime in 2012-13.

The 6% depreciation of Rupee vs the USD in the last 80 days, has cost Pakistan Rs.3.5 billion per day and has added additional Rs.276 billion in public debt in the last 80 days. (Figures quoted in this para and its preceding para were reported by Dr. Ashfaque H Khan, in his article titled “A nation’s debt” published by the daily “The News” dated 27 August, 2013).

The H’able Prime Minister of Pakistan,

AOA.

Your honour seems to be absolutely oblivious of the living conditions of the poorest of the poor in Pakistan. Otherwise, how it was possible that again very cruelly, your government has announced the increase in the price of the poor man’s fuel i. e., KEROSINE OIL, which after an increase of Rs.4.71 per litre, will now cost Rs.105.99 (virtually Rs.106) per litre.

Perhaps, your honour may be aware that kerosene – which is mostly used in cooking stoves in remote areas where Liquefied Petroleum Gas (LPG) is not readily available – and LPG too is so expensive that poorest of the poor cant even think of using this fuel.

Sir, it looks your advisors have forced you to govern Pakistan like a cruel king, by squeezing the poor and honest people, with every now and then increase of prices of essential commodities, e.g., fuel, gas, electricity plus simply enhancing taxation rates, which impacts each and every item, in the use of the common man.

Your honour may or may not be aware of the fact, that the impact of your government’s policies has also started affecting the middle class society of the country; and people have started withdrawing their children from good public schools. This situation is a real cause of alarm for your government, which claims to have been formed, with the votes of the masses.

It looks your government is absolutely gone out of sync with the ground realities being faced by the teeming millions; and your advisors have totally shut their eyes to seek any out of the box solutions, for ameliorating the sufferings of the masses, in non traditional and revolutionary manners. The main reason for this approach of your advisors is that they don’t belong to the masses cadre (no doubt some of them are ultra rich) and thus, they are the forces, who support the status quo.

Anyway, I would like to invite your kind attention towards the below mentioned news item; in which case, if you pursue it with missionary zeal (this was your election promise as well), Pakistan’s all economic woes will end, like the movement of a magic wand.

Mr. Prime Minister, whether you want to be remembered as a run of the mill ordinary ruler, or as a cut above the rest, who changed the fate of the nation, the choice is in your hands. However, it must be remembered again, that with the current direction and outdated strategy of your government, the posterity will surely remember you, standing in line with rulers like Syed Yousaf Raza Gilani etc.

So, Sir, if you want to create a name for yourself in the realms of the history, just break the status quo; and surround your honour with the advisors, who have a connect with the masses and have the guts to call a spade a spade, in your presence.

Pakistan has 97 billion dollars in Swiss Banks: Director Swiss Bank

A news published on 18 September, 2011, by the daily “Pakistan Today”

BERN – Director Swiss Bank said that Pakistan has 97 billion dollars in Swiss Banks. Director Swiss Bank said ‘Pakistanis are poor but Pakistan isn’t a poor country.’

He added that 97 billion dollars of Pakistan is deposited in respective bank and if this money would be utilized for the welfare of Pakistan and its people then Pakistan can make tax less budget for 30 years, can create 60 million jobs, can carpet four lanes road from any village to Islamabad, endless power supply to five hundred social projects, every citizen can get 20000 rupees salary for the next 60 years and there is no need to see IMF and any World Bank for loans.

My comments posted subsequently on the above news.

“Syed Nayyar Uddin Ahmad · 101 weeks ago
The news reported in Pakistan Today that Swiss banks have 97 billion dollars is a smoke screen to mislead the general public. By no means this figure can be less than 200 billion dollars i.e. more than three times the existing foreign debt of Pakistan. Leaving aside the exact amount of Pakistan in the Swiss banks, our civilian government & parliament, military establisment, bench and bar & the media must devise some mechanism (following the US government initiative with the Swiss government) to very strongly take up the issue with Swiss government to return back our money deposited in Swiss banks. This is all the more necessary to stabilize the country to successfully fight the war on terror for the entire world.”

Wishing you godspeed and all the success in your endeavours, to serve the country in the best possible manner.

Sincerely yours,

Syed Nayyar Uddin Ahmad