Tag Archives: cash

Chinese bank pulls out of Pakistan-Iran pipeline project

Industrial and Commercial Bank of China won’t help finance the natural gas pipeline to Pakistan, apparently because of U.S. sanctions on Iran.

By Paul Richter and Alex Rodriguez, Los Angeles Times

Reporting from Washington and Islamabad, Pakistan—

China’s largest bank has backed out of a deal to finance a proposed Iran-to-Pakistan gas pipeline that is opposed by the United States, a potential sign of the lengthening reach of U.S. economic sanctions on Iran.

Pakistani officials confirmed Wednesday that Industrial and Commercial Bank of China had withdrawn from plans to head a consortium that would finance the $1.6-billion Pakistani portion of the cross-border pipeline, apparently over concern that the bank could be excluded from the U.S. economy.

Continue reading Chinese bank pulls out of Pakistan-Iran pipeline project

Defence of Pakistan Council – Pakistan’s finest are at it again, but why?

By: Omar

Pakistan’s finest are at it again, but why?

The “defence of Pakistan” council has held several public meetings (each probably costing millions of rupees) in different parts of the country and is now headed for a “mother of all jalsas” at Karachi on Feb 12th. All the usual suspects are there. Jamat ud Dawa (reincarnation of the blessed Lashkar e Tyaba of Mumbai atrocity fame) is leading the way, but  everyone who is anyone is there. Sheeda Tully is there (He was Musharraf’s railway minister and helped to run it into the ground, after having held several other ministries, his farmhouse was famously listed as a gathering spot for Kashmiri Jihadis in the 1990s). Zia ul Haq’s son, Ejaz ul Haq is there. Hamid Gul is there.
But why?

Why has military intelligence, in its infinite wisdom, activated every zombie from the good old days of the Kashmir Jihad?
Is it to get more money out of Uncle Sam? That particular ATM may be out of cash right now, so its probably not that.
Is it because the bloody civilians may actually be able to do shocking things like start normal trade with India? so what? what is the threat here?

Is it something to do with the ongoing bumbling “get Zardari operation”.

Is it because the army has split into factions and the jihadi faction is trying to embarrass the mercenary faction?

Come on hive mind, answers please.

Courtesy: Brown Pundits

For Fai and Pakistan, Kashmir was a cash cow

An interesting but debatable account

by Chidanand Rajghatta

WASHINGTON: It was during the Presidency of Ulysses Grant, the first prominent US politician to visit India (in 1878, after he demitted office), that the term lobbying entered the American lexicon. The story goes that Grant used to repair to Willard Hotel, next door to the White House, to relax with a cigar and brandy after a hard day’s work. Political wheelers and dealers, fixers and nixers, hung around the hotel foyer, hoping to get a word across to him. Lobbying arrived in US, although the term existed across the pond. The word ‘lobby’ itself is thought to have originated in England from an old Germanic word meaning “leaf,” to convey a shelter made of leaves and branches. ….

Read more → TOI

via → Wichaar

Bahrain or Bust?

Pakistan should think twice before meddling in the Middle East.

By Miranda Husain

Excerpt:

Less than three weeks after Gulf Cooperation Council (GCC) forces, led by Saudi Arabia, entered Bahrain to aid the anti-democracy crackdown there, dignitaries from both oil-rich kingdoms did their separate rounds in Pakistan. The royal houses of Saudi Arabia and Bahrain are nervous, and they need Pakistan’s mercenaries, and—if necessary—military muscle to shore them up.

This is a remarkable turn of events for Asif Ali Zardari, who had been trying since he was elected president in 2008 to secure Saudi oil on sweetheart terms. He had been unsuccessful in his efforts because … Saudis view his leadership with some degree of skepticism. It also doesn’t help that Zardari, … is big on improving relations with … Tehran. Riyadh now appears inclined to export oil on terms that better suit cash-strapped Islamabad. Manama, too, wants to play ball. It wants increased defense cooperation and has pledged to prioritize Pakistan’s hopes for a free-trade agreement with the GCC in return. But Zardari and his Army chief, Gen. Ashfaq Kayani, should fight the urge to get mired in the Middle East. …

“The U.S. has counted on Pakistan to help control the Arab world and safeguard Arab rulers from their own populations,” says Chomsky. “Pakistan was one of the ‘cops on the beat’ that the Nixon administration had in mind when outlining their doctrine for controlling the Arab world,” he says. Pakistan has such “severe internal problems” that it may not be able to play this role even if asked to. But the real reason that Pakistan should avoid this role is so that it can stand on the right side of history, alongside those who are fighting for democracy.

To read full article : NewsWeekPakistan

Must read : Pakistan Predictions

Pakistan Predictions 2009 – by Dr. Omar

I wrote this in April 2009 for Wichaar.com and am posting it unchanged. Its interesting to see how our predictions look 2 years later….

http://wichaar.com/news/294/ARTICLE/13790/2009-04-23.html

I recently went on a road trip across the North-Eastern United States and at every stop, the Pakistanis I met were talking about the situation in Pakistan . As is usually the case, everyone seemed to have their own pet theory, but for a change ALL theories shared at least two characteristics: they were all pessimistic in the short term and none of them believed the “official version” of events. Since there seems to be no consensus about the matter, a friend suggested that I should summarize the main theories I heard and circulate that document, asking for comments. I hope your comments will clarify things even if this document does not. So here, in no particular order, are the theories.

1. Things fall apart: This theory holds that all the various chickens have finally come home to roost. The elite has robbed the country blind and provided neither governance nor sustenance and now the revolution is upon us: the jihadis have a plan and the will to enforce it and the government has neither. The jihadis have already captured FATA and most of Malakand (a good 20% of NWFP) and are inevitably going to march onwards to Punjab and Sindh. The army is incapable of fighting these people (and parts of it are actively in cahoots with the jihadis) and no other armed force can match these people. The public has been mentally prepared for Islamic rule by 62 years of Pakistani education and those who do resist will be labelled heretics and apostates and ruthlessly killed. The majority will go along in the interest of peace and security. America will throw more good money after bad, but in the end the Viceroy and her staff will be climbing rope ladders onto helicopters and those members of the elite who are not smart enough to get out in time will be hanging from the end of the ladder as the last chopper pulls away from the embassy. Those left behind will brush up their kalimas and shorten their shalwars and life will go on. The taliban will run the country and all institutions will be cleansed and remodelled in their image.

2. Jihadi Army: The army is the army of Pakistan . Pakistan is an Islamic state. They know what to do. They will collect what they can from the Americans because we need some infidel technologies that we don’t have in our own hands yet, but one glorious day, we will purge the apostate officers and switch to full jihadi colors. The country will be ruled with an iron hand by some jihadi general, not by some mullah from FATA. All corrupt people will be shot. Many non-corrupt people will also be shot. Allah’s law will prevail in Allah’s land. And then we will deal with Afghanistan (large scale massacre of all apostates to be held in the stadium), India , Iran and the rest of the world in that order.

Continue reading Must read : Pakistan Predictions

INDIA IS TRYING TO COMPETE WITH PAKISTAN IN CORRUPTION

In MP, babus sleep on bed of cash

by Suchandana Gupta

BHOPAL: In ‘bimaru’ Madhya Pradesh, bank lockers of bureaucrats and government officials are bursting with cash and gold.  An IAS couple here owns 25 flats and 400 acres of land. A middle-ranking engineer’s wife owns three houses and has more than 10 kg gold in her bank locker. And wherever the income tax department conducts a raid, so much cash is unearthed that counting machines have to be brought in. ….
Read more : The Times of India

Cash from Haj pilgrims used to finance 26/11: WikiLeaks

Indo-Asian News Service – London: Militants often use the annual Haj pilgrimage for laundering money and cash from pilgrims was used to finance the 26/11 Mumbai terror attack, a confidential US embassy cable published by whistle-blower websitse WikiLeaks says. A Sky News report cites the New York Times as detailing a long list of possible methods terrorists might have been using to fund their activities. One memo claims militants often used the annual Haj pilgrimage for laundering money and cash from pilgrims was used to finance the Mumbai bombings.

Other documents have claimed the US believes donors from Saudi Arabia are “the most significant source of funding to Sunni terrorist groups worldwide”. A memo sent by the US secretary of state Hillary Clinton in December 2009 referred to the kingdom as a “cash machine” for Al Qaeda.

Other countries in the region have also come under fire.

In the leaked cables, the United Arab Emirates is described as having a “strategic gap” that terrorists could exploit, Qatar is seen as “the worst in the region” on counter-terrorism and Kuwait is labelled “a key transit point”.

Some confidential cables listed a few infrastructure facilites in the world as “critical” for US security, if attacked by terrorists.

The document details hundreds of pipelines, cables and industrial sites around the world that America deems crucial to securing its interests. Loss of those locations could “critically impact” US security. …

Read more : hindustantimes