Tag Archives: ditch

Pakistan court throws out PM contempt appeal

ISLAMABAD – Pakistan’s top court Friday threw out a last-ditch appeal from embattled Prime Minister Yousuf Raza Gilani, ordering him to appear in court on Monday to be indicted for contempt.

If convicted, Gilani faces six months in jail and being disqualified from office in a case fanning political instability that expected to force elections within months in the country troubled by Al-Qaeda and Taliban violence. ….

Read more » ONE PAKISTAN

Via – Facebook

Pakistan is near to declare bankruptcy

Rs100 crore a day

By Dr Farrukh Saleem

Pakistan’s Public Sector Enterprises (PSEs) are falling like nine pins. The Pakistan Railways, the Pakistan International Airlines, the Pakistan Steel Mills, the Pakistan Electric Power Company (Pepco), the Pakistan Agricultural Storage and Services Corporation (Passco) and the Utility Stores Corporation (USC) collectively end up loosing Rs360 billion a year – Rs100 crore a day every day of the year. That’s a hundred crore the government does not have – so it begs, borrows, steals and prints.

Currently, Nadeem Khan Yousufzai, MD PIA, is managing to lose Rs7 crore a day every day of the year. Haji Ghulam Ahmad Bilour, Federal Minister of Railways, is managing to lose Rs5 crore a day every day of the year. PIA’s half yearly report titled “Flying towards a prosperous future” reports that liabilities went up from Rs62 billion in 2005 to Rs200 billion in 2009. PIA’s annual report titled “We stand for national values” reports that net losses at the PIA have gone up from Rs4.4 billion in 2005 to Rs35 billion in 2008. At the Pakistan Railways, the overdraft now floats around a hefty Rs48 billion.

In mid-2009, the Pepco’s circular debt had reached a colossal Rs300 billion and that’s when the Government of Pakistan gave birth to another illegitimate dragon – Power Holding Company. The new dragon took over all of the Pepco’s sins by borrowing heavily from the banking sector but within two years of that take-over the Pepco committed 300 billion additional sins. And now the banks have not much left to lend.

The power sector debt – Rs485 billion and rising fast – just by itself has the potential of landing Pakistan’s entire banking sector into the gutter. Loosing Rs100 crore a day every day of the year will land the government into a ditch deeper than the government has ever been in.

We desperately need a Public Sector Turnaround Strategy (PSTS) without which our very survival as an effective nation-state is at stake. Our survival is at stake and yet our decision-makers are all about political rallies. I was once told that politics is the second oldest profession but the way our politicians are practicing politics it bears a close resemblance to the first. ….

Read more » The News

China executes Pakistani man on drugs charges

China has executed a Pakistani man, Zahid Husain Shah, despite last-ditch appeals for clemency, his family says.

Mr Shah, 35, was arrested in 2008 and was convicted last year of drug smuggling. He was put to death by lethal injection in Shanghai on Wednesday morning.

Human rights groups had called on Beijing to stop the execution and urged Islamabad to take up appeals on his behalf. There was no comment from either government.

Relatives were allowed one last meeting with Mr Husain at Shanghai Detention Centre on Wednesday morning.

His cousin, Tasneem Fatima, told the BBC the family expects to travel back to Pakistan later this week, once his body has been returned to them. The last thing he told her was that he was innocent, she said.

Four other Pakistanis arrested with Mr Shah were sentenced to life imprisonment. According to Mr Husain’s relatives, he was framed for a crime he did not commit.

“Executing someone for drug-related offences violates internationally accepted standards for imposing the death penalty,” said Sam Zarifi, Amnesty International’s Asia-Pacific director.

The human rights group argues that no-one sentenced to death receives a fair trial in China, where thousands of executions for drug trafficking take place every year, more than the rest of the world combined.

Courtesy: → BBC

Pakistanis dumped between hard rock and deep sea

by Shaheen Sehbai

DUBAI: The Pakistan Army corps commanders have pushed the hapless and helpless Pakistani nation between a rock and a deep ditch. The rock is the Army itself, armed with guns and a lot of arrogance. The ditch is the corrupt sea of vision-less politicians who cannot see beyond their stolen billions and rightly or wrongly have acquired power and perks they will not let go of. …

Read more: The News

via Wichaar

Is Gen. Pasha retiring?

by Ron Moreau

Pakistani officials tell The Daily Beast that the head of Pakistan’s notorious intelligence service may step down, as the government looks for a fall guy for the bin Laden debacle.

To allay both domestic and international anger and dismay over the presence of Osama bin Laden in a military cantonment town close to the capital, senior Pakistani officials have told The Daily Beast they recognize that an important head has to roll and soon. They say the most likely candidate to be the fall guy is Lt. Gen. Ahmad Shuja Pasha, the director general of the country’s spy agency, the Inter-Services Intelligence directorate. In a last ditch effort to control the damage and to assure the US that the ISI was not harboring him and was unaware of his presence in Pakistan, Pasha reportedly flew to Washington today. But these high-level sources who refused to be quoted or named say his resignation is only a matter of time. ….

Read more : Wichaar