Prime Minister Imran Khan and PTI government - Performance watch thread

Discussion in 'The Pavilion' started by Munna, Aug 18, 2018.

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  1. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    IMF reportedly offered $12 billion bailout package to Pakistan on lenient terms

    ISLAMABAD – New developments have been reported regarding International Monetary Fund (IMF) offered package to Pakistan.

    IMF has offered US$12 billion bailout package to Pakistan on lenient terms for repayment.

    As per details garnered, after Saudi Arabia and China now Pakistan is preparing to seek heavy loan from IMF on lenient terms.

    According to the sources, the IMF two-member team will arrive in Islamabad for talks regarding financial package on Wednesday. The sources also said that the final negotiations would be held tomorrow between Pakistan and IMF regarding bailout package.

    The sources further revealed that the IMF offered to provide US$12 billion bailout package on lenient terms for repayment. According to this financial package, Pakistan will be get discount in the interest rate and repayment time of loans.

    https://timesofislamabad.com/06-Nov...tm_source=push-notification&utm_medium=direct
     
  2. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    @godzilla why do we need IMF package now? And how did PM's China visit went? Any insides?
     
  3. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    on china all I saw was a brief headline that the FM said that the short term liquidity crisis had been av aided based on as yet unofficial agreements with the Chinese. I would imagine that they are along the lines of a more favourable loan than IMF terms.

    IMF terms will improve the less they have to give, and the better the structural economic outlook which will be a result of a policy to boost exports, diminish demand for foreign products and digitalise the economy, all of which the PTI is doing.

    why the IMF will still be important is because there is a mountain of debt to pay back, and the economy will take time to fix. the digital economy will take years to cultivate. the export industry will have lags in demand too, so even if they have found money to pay the bailiffs at the door, they still have huge loans to pay thanks to the economic destruction of the PMLN and PPP, their corruption, nepotism and self interest.

    heres some background on the debt and how bad PPP/PMLN have been:

    https://jubileedebt.org.uk/countries-in-crisis/debt-crisis-pakistan

    just had a brief look but couldn't find the schedule of debt repayments over the next few years, but that will show why they will need more money to pay off these massive debts when they come due.
     
  4. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    heres a stab at a bit further explanation:

    theres three main payments that pakistan has to make, all because of a terrible current account balance. this is the net outgoings vs incomings for the government, including the following:


    [​IMG]

    1) balance of trade: this is the amount they have to pay for imports (including LNG, oil, goods, services) less the amount they receive for exports. the last year's numbers have been exaggerated by CPEC, but I understand the underlying trends were atrocious anyway. the chart below shows just how badly the PPP and PMLN have raped the country with their nepotism and corruption, all of which is coming out in the open now, and yet they still have their supporters:

    [​IMG]

    2) Debt repayments: to pay for this negative balance of payment, the governments of the PPP/PMLN have been borrowing from mostly the IMF but also by issuing Sovreign bonds, which is like borrowing money from the bank. if you dont pay back, they wont ever lend again or else they will charge much more interest because you represent a repayment risk, and that means more difficulty for everyone (see Zimbabwe, Argentina, Greece, etc). When you borrow money like this, you decide on three things 1) the amount 2) when you promise to pay it all back (duration of loan) 3) the interest rate/any other conditions. Debt repayment is 1) when you have promised to pay back. the schedule of loans that have to be paid back will show how much needs over the coming years. I cant seem to find this online easily.

    3) Debt servicing. this is paying the interest on the loans in 1). the riskier the country is perceived to be, the more interest you will have to pay - just like any bank loan. for example, if you borrow 100,000 for your mortgage by paying down 75% in cash up front for your property, you represent a much lower risk than if you put down 10% up front and this will be reflected in your interest rate.


    so what has happened is that the PMLN/PPP rather than developing an economy for the people, like India and other growing countries, instead spent their time by building properties abroad, laundering their money out of the country with hundreds off fake bank accounts, putting their corrupt friends in positions of power rather than qualified people, all leading to policies that favoured the zardaris and sharifs at the expense of 200mm people and their economic safe being.

    they were able to do this because of the strategic importance of pakistan, and its prostitution to USA, China and Saudi in return for loans which the governments at the time weren't worried about because they knew they would never have to worry about it by the time all the loans spiralled to a point where they couldnt be paid back.

    the solution?

    the only solution is to fix the economy so that exports exceed imports so that there is profit you can use to service the debt and hopefully little by little pay back the debt, so that the enormous current account deficit is paid off, and like china, moves to a surplus.

    how do you do that? empower exports structurally by giving them advantaged tax rates for example. the problem is that the PPP/PLMN have under invested in Pakistans export industry so severely that it is both analogue and unsophisticated, but also will take several years for any policies to take hold properly. the other way that the trade defecit is helped is by a devaluation of the rupee. this makes imports more expensive ($50 a barrel of oil, is much more expensive in rupees when the rupee is devalued). this kills demand for imports, and also makes exports more competitive in dollar terms and more likely to rebound. the unfortunate side effect is that imports of everything become much more expensive, this includes, food, fuel etc - all of which is a tax on the poor as well as the rich. this is the gift of the PPP/PMLN to the public of a country that is poverty ridden with people suffering heavily every day. you can also tax the rich, which the PTI is doing, you can kill corruption which serves the purpose of stopping the same trends that put us in this position in the first place.

    there is no other choice.

    so in that scenario, its no wonder that people battered by these oppressive conditions rebel when something like the Aasia case comes about, they are looking for anything to blame for the misery they are facing thanks to the PMLN/PPP, and they really are suffering immensely.

    its no wonder too that the PMLN/PPP blame the PTI for this policy which is necessary as you can see from those charts above. and its no wonder that Pakistans foreign enemies will be pouring fuel on the fire in an attempt to derail any economic progress, aided by the PPP, PMLN both desperate not to be jailed for their theft from and murder of millions of Pakistanis, and aided too by ignorant social media stooges too stupid or corrupt to worry about the consequences of their actions, or to understand the reality of the situation.

    a weak pakistan is beholden to and enslaved to its economic masters who have lent them all their money - this is what the PMLN/PPP did, and why their leaders, if guilty, should be executed under treason laws. an economically strong pakistan is a nightmare for india and the USA, so they will do everything inter power to prevent that happening. thats why so many of our indian friends have such a sudden key interest in Pakistani politics. they didn't give too hoots when PMLN/PPP were in power, because it served their needs.

    this is why most people criticising the current government for the wrong things are doing the work of the state's enemies, and why passions are so high in political discussions. it all comes down to economics, and few people have a clue about whats going on, even though its relatively simple.


    hope that helps!!
     

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  5. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    thats all very negative - heres a last summary comment - and its more to the positive. if the government (whichever it is) does manage to fix the economy, because of three things 1) strategic global position (critical ally in the region for the USA, mid eastern muslim despots, Russia, china) 2) 7th largest population and so immense human capital and 3) military power - pakistan has the potential to be immensely powerful.

    this is why all the world leaders are suddenly ready to talk to IK - they will try to destabilise him, like they did with morsi and Erdogan, but at the same time they know that if these efforts fail, as they did with Iran, they will have to adopt another policy.

    the rate of growth of other high population countries that have managed to turn around their economic fortunes has been so immense - (india, china) - that within a decade teh greatest threat to the worlds largest super power is china.

    I dont think the western world will be able to take the same aggressive posture toward pakistan as they have toward Iran, because a) we are a nuclear power and b) we already have very strong relations with china - aggression wont combat that, wooing might.

    so if things are fixed, if the anti-corruption drive is allowed to progress, if the public are able to weather the economic storms that are coming, then 5-10 years down the line, pakistan will be probably one of the most exciting economic risers in the world, if not the most exciting.

    all the world powers know this, so they will be coming after us, aided by willing and ignorant traitors in our midsts!
     
  6. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Pakistan's immediate balance of payment crisis is over: finance minister

    Finance Minister Asad Umar on Tuesday claimed that Pakistan's "balance of payment crisis is over" and assured that China is committed to providing short-term relief to Pakistan as well — the modalities of which, he said, will be discussed in a new round of discussions in Beijing on Friday.

    "The long-term solution to the balance of payment crisis is to increase our exports, and to do that we should have enough income so that we do not need to borrow," Umar, who was a part of the Prime Minister Imran Khan-led delegation that visited China recently, explained during a press conference today. "In this regard, we have received a commitment from the highest level.

    [​IMG]
    Finance Minister Asad Umar claims Pakistan does not have a balance of payment crisis now. —DawnNewsTV


    "Regarding the doubling of our exports, we are not talking long-term. We have [this target] for the ongoing year. We have also discussed short-term reliefs. A decision in principle has been taken, but to discuss its modalities our contingent is going to Beijing on November 9.

    "So this curiosity that the people have will also be resolved soon. We had told you about the $12bn financing gap, of which $6bn have come from Saudi Arabia, and the rest has come from China so the immediate balance of payment crisis of Pakistan has ended. I want to make that clear in unequivocal terms. We do not have any balance of payment crisis now. "

    A statement released by the finance ministry echoed Umar's remarks, adding that "a senior level delegation comprising of federal secretaries of finance, foreign affairs, planning & development and commerce along with the State Bank of Pakistan's governor will undertake a visit to China during the current week to work out the modalities".

    Foreign minister says Pakistan 'out of the woods' after China trip
    [​IMG]
    Foreign minister addresses a presser on China visit. — DawnNewsTV


    Foreign Minister Shah Mehmood Qureshi, meanwhile, claimed that the trip to China was "productive to the extent that we are out of the woods".

    The foreign minister said that the purpose of the visit to China was to "send a message to the international community" and also "move the two countries' strategic relationship towards an economic partnership".

    He said that a total of 15 memorandum of understanding (MoUs) were signed in China, of which he highlighted a quartet.

    "We decided that our strategic dialogue must be upgraded and its level be raised to the FM level," he said. "It was also decided to transfer our citizens sentenced there and theirs sentenced here so that they can serve their sentences in their own countries.

    "Thirdly, the MoU which is important to me is poverty alleviation. China is a country that has taken 700 million people out poverty in the last 30 years. One-third of our population also lives below the poverty line — so the purpose of this MoU was to learn from the Chinese experience."

    "The fourth MoU was regarding agricultural cooperation," he said. "We think that through transfer of technology, we can get a lot from China. We can learn how to increase our productivity and our per-acre produce."

    Qureshi claimed that the trip also served to rubbish the notion that the Pak-China relationship would suffer under the PTI government.

    "The perception that some people here tried to give that the government was not paying attention to our relationship with China," he said. "There is nothing to it. I can say that our relations with China are not just great but could get even better than before.

    "This visit helped us in moving our relationship towards an economic partnership. We have always had good strategic relations so our aim [this time] was to figure how to advance the economic footprint."

    The foreign minister said he is confident that the discussion with the Chinese counterparts would help Pakistan "double its exports".

    He further said that the two sides would try and wrap up the second phase of the Pakistan-China Free Trade Agreement (FTA) by April 2019.

    https://www.dawn.com/news/1443976/p...ce-of-payment-crisis-is-over-finance-minister
     
  7. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    MOUs are MOUs, but its very encouraging news. lets see how it pans out.
     
  8. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Pakistan's economy out of ICU: Kamran Khan

     
  9. MNA
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    MNA Smooth Operator

    Mar 11, 2015
    3,489
    Oh Bhai bas karde! Wait for an year and then give us some hardcore objective facts that can be verified like Human Development index, inequality index, poverty index, GDP per capita, national debt, infant and maternal mortality rates, average life expectancy, crime rates, Amnesty international accepted corruption levels etc etc etc otherwise all these ‘good news’ postings are just becoming ridiculous!
     
  10. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    No, no need to get irked, if you dont like something, feel free to ignore these news and this thread.

    Nobody is objecting you when you go gaga with issues you highlight.

    Every positive and negative of this PTI Gov has and will be highlighted, and that's the reason of this thread - heed towards the title.

    Also, why dont we start another thread to unearth how much time/years previous governments took and worked on Human Development index, inequality index, poverty index, GDP per capita, national debt, infant and maternal mortality rates, average life expectancy, crime rates etc ... Oh wait a minute, they had done almost nothing in these regards.
     
  11. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    First Shelter Home To Be Built In Lahore Within 60 Days So No One Has To Sleep On Roadside In Winters

    [​IMG]

    As the weather becomes chilling and unforgiving, a lesser fortunate family was spotted in Lahore fighting the extremity of weather, sleeping on side of the road.

    The pictures were shared on Twitter by TV presenter and influence Ihtisham ul Haq. The photos showed a man and two kids sleeping on side of Mall Road, with baskets of toys which probably they tirelessly sold the entire day. The touching pictures were shared widely on social media, with people requesting CM Punjab Usman Buzdar to help them.



    Acting swiftly, spokesperson of Chief Minister of Punjab Dr Shahbaz Gill retweeted the picture, saying that Buzdar is committed to serving the people. Gill said that CM is on a mission to build 5 shelter homes in Lahore and the first one will be completed within two months. He further added that anyone knowing whereabouts of the family snapped so they can be helped.



    CM Usman Buzdar approved the approval to build five shelter homes for needy passengers in the provincial capital last Friday. He approved the pilot project and said that the first one will be built within 60 days. He added that the shelter homes will help the poor, as they won’t have to sleep under the sky on chilling, winter nights. CM Punjab said that prime agenda of PTI government is to work for the welfare of people.

    “Welfare of the general public is an important agenda of PTI government and no stone will be left unturned in this regard. The purpose of building shelter homes is to provide necessary shelter to the poor people visiting Lahore for their health and other needs” – CM Punjab said.

    He said after project’s success in Lahore, it will be extended to other cities as well.
     
  12. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
  13. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    BREAKING NEWS !!!

    Here's why Diesel is so angry these days

     
  14. Del
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    Del Cornered Tiger

    Dec 21, 2016
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    This is what Maulna has been doing corruption in the name of religion.
     
  15. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    no surprises. I hope we see this brought to a case in court.
     
  16. Don Quixote
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    Don Quixote Whispering Death

    Nov 13, 2015
    8,815
    Nothing revolutionary so far in the first 100 days. Economic issues aside, as we know it can take 2 to 3 years to judge, but its shocking to see PM completely mum on the US WoT status. Nothing regarding never ending military operations. Before election he said we should get out of this war as its not ours. He always opposed military operations. Its quite shocking to see that he hasnt addressed the security /peace situation of the country so far. And its kind of disappointing to see him blaming the current mess due to corruption only. I know corruption is an evil, but controlling it is a long term process. We suffered the most because of US WoT, because of Musharraf, yet he is mum about it. There is no concrete foreign policy till date. This is where I am feeling frustrated. Anyone knows if there is no peace there wont be any investment, hence the economy wont improve. One small example of incomplete peace is no foreign top cricket teams want to visit. His main priority should be peace. Everything else follows it then. I really hope to see the pre 2011 IK character back again. Other than this I think he deserves 5 years, as will be able to judge after 5 years. We may get an idea of this government after 2.5 years though. One thing is for sure , he seems committed to fixing our beautiful country. Despite the criticism I still think he is the best option.


    Sent from my iPhone X using Tapatalk
     
  17. MNA
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    MNA Smooth Operator

    Mar 11, 2015
    3,489
    do not talk about past governments, talk about what is happening now, when (and if) the above indices improve, people can themselves compare them from what they were from years ago, that will be a omprision to talk about.

    Mate you do not have to post these things here, if there is a genuine change, people will see it, feel it, falk about it. ofcourse if you have so much time and interest, post as much as you want but believe me, somewhere deep down you are only doing this to satisfy you yourself or others like you, it is not having any effect on a neutral poster.
     
  18. Disco Lemonade
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    Disco Lemonade Design Artist

    Dec 17, 2009
    5,916
    What is the update on the IG case.
    Last i checked interior ministry followed supreme court orders to re-instate the IG.
    then i saw a slide last week that supreme court withdraw its decision to re-instate the IG, or something, but i cant find it in written news.

     
  19. Passionate Pakistani
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    Passionate Pakistani The Don

    Jun 10, 2011
    68,367
    IG himself excused to work at islamabad because of obvious reasons and then SC remove sanctions from his transfer

    Sent from my SM-G935F using Tapatalk
     
  20. Shahzad.Firdous
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    Shahzad.Firdous Cornered Tiger

    May 29, 2010
    12,771
    Nobody born as great as Sir Imran Khan ever!!

    @Del @mohsin88ali
    Imran > Jinnah!!
     
  21. Shahzad.Firdous
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    Shahzad.Firdous Cornered Tiger

    May 29, 2010
    12,771
    Imran Khan = Greatest human ever!
     
  22. ASLI-PATHAN
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    ASLI-PATHAN Cricistan Khan

    Apr 26, 2011
    64,645
    Oh what a joke of a statement.

    The best & the perfect human being ever to walk on the face of Earth is Hazrat Muhammad (PBUH).

    No one can even come close to the dust under his feet.
     
  23. Shahzad.Firdous
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    Shahzad.Firdous Cornered Tiger

    May 29, 2010
    12,771
    For you! Not for me! For me, greatest human ever is Sir Imran Khan!!
     
  24. ASLI-PATHAN
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    ASLI-PATHAN Cricistan Khan

    Apr 26, 2011
    64,645
    This is the most pathetic post I had ever seen on this forum.

    If there was an option of giving more than 1 dislike I would give at least a million dislike to this joke of a post.

    No one will remember even the name of Imran after 100 years. But there will be billions of people remembering the name of the Prophet even one day before the end of this World. That is true greatness.
     
  25. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    I am sorry but it doesnt make any sense to close our eyes on what happened in past 70 years and start micromanaging things now.

    And like as I said earlier, the only reason for this thread is to post good and bad on this PTI Gov.

    This thread could/should be one stop shop to know everything about PTI Gov and people shouldn't waste their time searching for things which they wouldnt even know after 2 years from now on. You know our people memory wipes so fast, right.

    Also, dont worry about my time, I work for IT and sit in front of my machine good 13/14 hours per day. Of course I dont work all this time and post whenever I get something new via proactive notification.
     
  26. Shahzad.Firdous
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    Shahzad.Firdous Cornered Tiger

    May 29, 2010
    12,771
    Dont impose your religion upon me! Imran Khan is the elected PM of the country! If you think TPL is good enough to make government, then get some votes! Pakistan utna hi moulviyon ke liye hai jitna hum liberals ke liye! Did you forget Quaids Aug 11 speech?
     
  27. Shahzad.Firdous
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    Shahzad.Firdous Cornered Tiger

    May 29, 2010
    12,771
    Jinnah was the leader of 20th Century and Imran is the leader of 21st Century!!
     
  28. Passionate Pakistani
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    Passionate Pakistani The Don

    Jun 10, 2011
    68,367
    @Del if you have missed watch dg nab interview in kashif abbasi show.. seems like shahbaz sharif is done n dusted for a long time.

    Besides arrest warrant of saad rafique n his brother are also issued and NAB will try to convince the judges on 14th that his crime is nonbailable and should cancel his bail and let them arrest him.



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  29. Passionate Pakistani
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    Passionate Pakistani The Don

    Jun 10, 2011
    68,367
  30. ASLI-PATHAN
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    ASLI-PATHAN Cricistan Khan

    Apr 26, 2011
    64,645
    Oh Bhai Tera Dimagh tu teek hai na? From where did you brought TLP in this? I have nothing to do with TLP.
     
  31. Passionate Pakistani
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    Passionate Pakistani The Don

    Jun 10, 2011
    68,367
    @ASLI-PATHAN preda peera day agha bal shi wala day..day na mani Rasool.

    Sent from my SM-G935F using Tapatalk
     
  32. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Pakistan secures $1b duty-free access to China

    ISLAMABAD:

    Pakistan has managed to secure $1 billion duty-free access to Chinese markets “which will double the country’s exports within one year”, says Adviser to Prime Minister on Commerce Abdul Razak Dawood.

    “Beijing has offered this facility in response to Pakistan’s request for duty-free status that the Association of Southeast Asian Nations as well as Bangladesh are entitled to,” said Dawood while addressing a press conference on Wednesday – a day after Prime Minister Imran Khan concluded his maiden official visit to China.

    Federal Minister for Planning and Development Khusro Bakhtyar was also present at the press conference.

    “Prime Minister Imran Khan’s visit was very successful as it immediately provided very good opening in shape of the $1 billion facility,” said Dawood, adding that Chinese Premier Li Keqiang had assured that if the facility was fully utilised by Pakistan, the facility would be raised to $2 billion in 2019.

    He also announced further liberalising Pakistan’s trade policy, saying drafts of tariff and trade policies were ready for the prime minister’s approval.

    Answering a question, the PM’s adviser said his stance on the China-Pakistan Economic Corridor (CPEC) had been vindicated after both the countries agreed to move beyond infrastructure and power projects. He said the PM’s visit to Beijing had set grounds for implementation of the second phase of CPEC.

    “Pakistan’s exports have remained on a declining trajectory for almost five years before starting recovery last year. The country recorded $37 billion trade deficit, the highest-ever, in the last fiscal year, nearly half of which is because of the trade imbalance with China,” he said during the conference.

    Dawood further said that after the Chinese facility, “now the challenge is to find out what goods could be exported to China and the relevant authorities from both sides will now decide how much textile, leather and other goods could be exported” to fully utilise the facility.

    “At this stage I do not have the list of items that would be eligible for duty-free exports,” he said, adding that a Pakistani delegation would soon hold talks with Chinese authorities in Beijing on November 9 for finalising details of market access and the balance of payments support programme.

    The adviser said that during the last fiscal year, Pakistan’s exports to China were worth $1.2 billion which would be doubled after this facility.

    “The Chinese premier asked PM Imran to leave the tariff lines aside and offered the $1 billion facility instead,” he said, adding that the long-term solution to Pakistan’s balance of payments troubles was enhancement in exports.

    The veteran industrialist said Pakistan and China also agreed to enhance cooperation in areas of industrial development and agriculture.

    “Pakistan has offered China to avail the benefit of the low-cost labour and set up factories here to export goods to other countries,” he said as the local delegation requested for Chinese technology to increase production of rice, cotton and citrus fruits.

    “Both the countries have agreed to finalise a Free Trade Agreement before June 2019, said Dawood, adding that the next round of talks would be held in Beijing.

    Speaking on the occasion, Planning Minister Bakhtyar gave an update on CPEC.

    “Pakistan and China have agreed to broaden the CPEC trajectory, and it will now be one corridor with many doors,” he said.

    He said the two countries had signed 15 MoUs for further cooperation in the area of socio-economic development, poverty alleviation, agriculture, economic and technical cooperation, forestry, earth sciences, higher education and technology.

    The planning minister stressed the need for accelerating industrial cooperation, and said it had been decided to advance to the next phase with a focus on industrial expansion, agricultural revitalisation and trade integration between the two economies.

    Dawood concluded the press conference, saying he was planning to declare one of the existing industrial zones as prioritised Special Economic Zone (SEZ) under CPEC to fast-track the pace of relocation of Chinese industries to Pakistan.

    https://tribune.com.pk/story/1842806/1-pakistan-secures-1b-duty-free-access-china/
     
  33. Mohan
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    Mohan Formerly 'Captain Clutch'

    Nov 4, 2014
    4,273
    It's way too easy even for random trolls to rile you up, sorry to say :p
     
  34. Disco Lemonade
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    Disco Lemonade Design Artist

    Dec 17, 2009
    5,916
    We must be exporting very high quality goods to china i guess.

    But this gives Pakistani businessman some access to chinese market, which is very big. i guess we should target the crazy rich chinese for value added and not available in china goods.
     
  35. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Asad Umar is keep on saying that we must boost our exports, in coming days I really want to see how it will happen and what role Gov will play to enhance it.

    I heard they're planing to aid textile owners in this regards, which should also generate some employment, but then question is, do we produce enough electricity?
     
  36. godzilla
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    godzilla Smooth Operator

    May 12, 2016
    3,193
    well one of the things we havent even discussed yet is water. that is an issue not just for water supply, but also hydroelectric. what did the PPP and PMLN governments do about the security of our population whilst they were building their empires abroad and sending their children abroad for their education?

    Pakistan - Electric power consumption (kWh)
    Electric power consumption (kWh) in Pakistan was reported at 870573000000 kWh in 2011, according to the World Bank collection of development indicators, compiled from officially recognized sources.

    [​IMG]
     
  37. godzilla
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    godzilla Smooth Operator

    May 12, 2016
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  38. Del
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    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Around Rs700b laundered to 10 countries: Shahzad Akbar

    Special Assistant to the Prime Minister on Accountability Shahzad Akbar alleged on Monday that “nearly Rs700 billion have been laundered to 10 countries” from Pakistan.

    Citing money laundering as the core reason behind Pakistan’s economic instability, Akbar said that so far the government has managed to trace money laundered worth $5.3 billion to 10 countries.

    “This is just a small percentage of the total money laundered over the years,” he said.

    Addressing a press conference alongside Senator Faisal Javed and Iftikhar Durrani in Islamabad, assistant to the PM on accountability claimed that the government is probing the laundered money and claimed that “money hidden in Swiss and European accounts will not remain hidden for long.”

    “We have counted only those suspicious transactions which are over $1 million. In Dubai alone, the land authority claims that Pakistanis are the third largest owners of property in the Middle Eastern country,” Akbar stated.

    “We have started negotiations with Dubai, we are also making arrangements for mutual legal assistance. There is no restriction in Dubai about bringing in money/foreign exchange. However, we are making arrangements with Dubai to share information with us.”

    “We are also in talks with Britain in this regard. The foreign leadership is cooperating because it is for the first time that the Pakistani leadership is itself not corrupt. When they saw that our leadership is clean, they started cooperating,” Akbar told the media.

    Pakistan Tehreek-e-Insaf (PTI) senator Faisal Javed said that the country’s leadership is honest and doesn’t want to make money.

    Senator Javed stated that “for the first we are going to hold accountability all those who have laundered money,” adding that Iqama (work permit) is used to conceal corruption.

    While Special Assistant to Prime Minister on media Iftikhar Durrani claimed that properties worth $15 billion were made overseas by Pakistanis during the past 10 years.

    https://tribune.com.pk/story/1845700/1-around-rs700b-laundered-10-countries-shehzad-akbar/
     
  39. ASLI-PATHAN
    Offline

    ASLI-PATHAN Cricistan Khan

    Apr 26, 2011
    64,645
    One thing I appreciate of Imran Khan. He is wearing our own dress even on foreign tours. This should be appreciated. He should also force his ministers to wear national dress on foreign tours.
     
  40. Del
    Offline

    Del Cornered Tiger

    Dec 21, 2016
    12,721
    Indeed, he should urge his ministers to wear national dress.
     

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