Tag Archives: loss

Deal that caused 4.8 bn loss ex-DG ISI

Deal that caused Rs4.8 bn loss Lt-Gen Javed Qazi passes the buck to ex-finance minister

By: Rauf Klasra

ISLAMABAD: Former Railways Minister and ex-DG ISI Lt Gen Javed Ashraf Qazi had tried to shift his responsibility to former Finance Minister Shaukat Aziz in a multi-billion rupee scam of leasing out 141 acres of prime land of Pakistan Railways (PR) in the heart of Lahore to a Malaysian firm (Royal Palm & Golf club).

Continue reading Deal that caused 4.8 bn loss ex-DG ISI

Delayed response jeopardises lives of 4.8 million flood-hit people in Sindh

HYDERABAD: The delayed response and intervention from the government in early framework for the rehabilitation of rain-flood affected people jeopardised the lives of 4.8 million, including 2.4 million children and 1.2 million women. Talking to journalists at a press conference held at the local press club on Tuesday, members of the People Accountability Commission on Floods (PACF) said this while presenting the Civil Society Floods Situation Report (CSFR). ….

Read more » The News

Dr. Geeta Chainani to join panel at congressional briefing

– Dr. Geeta Chainani, Dr. Haider K. Nizamani, Dr. Louis Flam, Dr. Gul Agha to join panel at congressional briefing Hosted by the Sindhi American Political Action Committee in conjunction with the Congressional Sindh Caucus. Date/Time: October 13, 2:00p.m. – 4:00p.m. Place: Capitol, room HC-5.

Beginning in August, the monsoon season hit Pakistan and has come to devastate the province of Sindh. With over 5 million people affected, including 2 million homeless and hundreds dead, the people of Sindh remain in a precarious situation. With little aid and relief, the Sindhi people are suffering from diseases, loss of livelihood, and nowhere to go.Join us to learn more about the Sindh, who the people are, and most importantly, how the Sindh region plays a crucial part in the United States’ relationship with Pakistan and its security.

Pakistan thinks a dangerous thought

Former Chief of Army Staff, General (R) Mirza Aslam Beg’s interview with Dr. Danish on ARY NEWS TV. The language of the interview is urdu (Hindi).

Courtesy: ARY NEWS TV (Program “Sawal Yeh Hai“, 26th June 2011-1), YouTube

Our beloved friend, dynamic soul, beautiful poet and brilliant human being Hassan Dars is no more with us!

Our eyes are wet while sharing this tragic, painful, untimely and unbelievable news that our beloved friend, dynamic soul, beautiful poet young and brilliant human being Hassan Dars has died in a road accident in Hyderabad at 5 am. His departure is great loss for Sindh, Sindhi poetry and Sindhi literature. This video clip was recorded during his journey to Jhok Fareed.

Read more about Hassan Dars: BBC urduYouTube

Pakistan is suffering from a disease known as Gangrene and AIDS

Reasons for disastrous situation of Pakistan

By Altaf Hussain

The factual reasons for the present disastrous situation or the root cause of the present weak scenario of Pakistan

Unfortunately, Pakistan is suffering from a disease known as gangrene. The common cause of either wet or dry gangrene is loss of an effective local blood supply to any tissue. Loss of blood supply means tissues are deprived of oxygen thus causing the cells in the tissue to die. The most common causes of tissue/blood supply loss are infections, trauma and diseases that affect blood vessels (usually arteries). Gangrene is a potentially life-threatening condition that arises when a considerable mass of the body tissue dies (necrosis). As a result of reduced blood supply, the organisms (the saprogenic microorganisms) causes wet gangrene which produces toxins. They spread throughout the body and as a result more parts of the body develop gangrene. And finally a time comes when the total blood flow of the body or blood supply system of the body collapses resulting in the collapse of the body as well. In early stages of gangrene, if diagnosed, could be treated through medicines keeping the fact in mind that you may not expect 100% success results. If any part or area of the body has suffered a lot from gangrene, it is advisable to cut that part of the body or that area of the body completely just to save and protect the remaining parts of the body for survival. This phenomenon of cutting a part is like a bitter pill to swallow. If you want the body to survive and remaining parts of the body which are not affected to be safe then it is better to cut that part or parts whether one or more hands, one or two legs or any other affected part or parts. This occurs within the body.

AIDS: The AIDS virus after entering inside the body through any means multiplies and multiplies. The body has three natural self defence mechanism. HIV (Human Immunodeficiency Virus) produces AIDS. HIV is not a disease but it is a virus that causes AIDS. The three natural defence mechanisms are (1) Skin, (2) Under the skin (hypodermis/subcutaneous) which is second line of defence and (3) when the organism enters into the blood, meaning inside the body, as it enters inside the body simultaneously body starts producing immune army. If the immunity is not present then human being cannot survive. Viruses are around us always and because of our immune system we don’t get affected.

In AIDS, HIV overcomes immune system that is the defensive system and destroys it and as a result it weakens the immune system. And that is why it is called AIDS and so the reason that a person having AIDS is not safe from any other disease because the auto system of the body collapses.

Without the immune system nobody can survive because cascade of organism are present everywhere around you in abundant and you intake continuously but you don’t get sick. The immune system saves us from bacteria, fungi and viral diseases. Unfortunately, our institutions are also suffering from gangrene and AIDS. When one has gangrene then it is advisable to save the rest of the body. One has to cut of the effected part of the body as there is no other treatment. If one has the finger, legs, hands or any other part of the body and thinks that as this is his or her part of the body and it can be cured then the entire body will get affected with gangrene. Our institutions, say that those that are affected, are our part and have been misguided and can be convinced to return are not aware of the fact that there is no treatment for gangrene. One can only save the institutions by cutting off the affected gangrene parts to save the rest of the body. Now if you cut off the leg then you can still walk with a limp but will certainly remain alive and if not then you will not even be able to walk and also will not survive. If you want to save the institution then drastic and ruthless actions are needed and one has to take the bitter pill. For example, if the gangrene-affected part touches a piece of cloth then it has to be burnt and cannot and must not be washed. Again the affected part has to be cut off and no other solution. Similarly, in case of other such diseases, like chicken pox, it is also advisable to burn the piece of cloth that has come into contact with the affected person.

It is your duty to decide whether you want to cut gangrene part and save the body or keeping the gangrene part and destroying the whole body. This is not my decision – it is your decision.

Continue reading Pakistan is suffering from a disease known as Gangrene and AIDS

Pakistan Corruption Report

Rs. 83 Billion loss caused to exchequer, says NAB

The National Accountability Bureau (NAB) has submitted to the Justice Bhagwandas Commission a report on the wrongdoings it says have been committed by the government functionaries and oil industry people in the pricing of petroleum products causing a loss of Rs83 billion to the nation over a period of five years.

The Supreme Court constituted a few months ago the high-level commission led by former SC judge Justice Rana Bhagwandas to hold a probe into the fixing of oil prices and to suggest measures to plug loopholes in the pricing mechanism to ensure fair prices of petroleum products to consumers.

The apex court had taken serious notice of the petroleum ministry’s non-cooperation and instructed the government to provide all information to the commission so that it might reach a judgment.

The NAB report that covered petroleum pricing mechanism between June 2001 and June 2006 was originally submitted to the then president Gen Pervez Musharraf and prime minister Shaukat Aziz on June 13, 2006 by the then NAB chairman Lt-Gen (retd) Shahid Aziz.

The report was never made public but the NAB chairman was removed unceremoniously shortly after it was submitted to the presidency and the prime minister.

The NAB report has now been provided to the Justice Bhagwandas Commission which is expected to submit its final report to the apex court by June 30.

According to a former deputy chairman of NAB, Maj-Gen Muhammad Siddique, senior management of “Pakistan State Oil Company Limited (PSO) and others are involved in massive misappropriation/misuse of authority and forgery in the import of HSD (high speed diesel) and its subsequent sale in the country and … committed the offence of corruption and corrupt practices” as defined in relevant laws.

The report prepared by a three-member investigation team and exclusively available with Dawn concluded that “it is sufficiently evident that (functionaries in the) ministry of petroleum in collusion with the Oil Companies Advisory Committee (OCAC), oil industry and Oil Marketing Companies (OMCs) have engaged themselves in corrupt practices for generating colossal undue financial gains for refineries and OMCs at the cost of public and economy as a whole”.

It said the federal cabinet in June 2001 entrusted the role of oil price fixation to OCAC under monitoring by the director-general of oil but none of the directors-general performed the task of monitoring and some of them even expressed ignorance about the cabinet decision. The entire price fixation by OCAC “remained non-transparent/dubious and the DG Oil/Ministry did not play any role, violating the cabinet decision”.

As a result of faulty policies, the profits of Shell Pakistan, Caltex and PSO increased by 232 per cent, 281 per cent and 252 per cent between 2001 and 2004-05. Likewise, the profits of Attock Refinery, National Refinery, Pak Refinery and Parco jumped by 4331 per cent, 3578 per cent, 1717 per cent and 597 per cent, respectively, between 2001-02 and 2004-05.

The report said that a loss of over Rs11 billion was caused to the exchequer because of a redundant oil pricing formula for petrol (motor spirit) while another Rs34 billion loss was caused due to wrongful addition of premiums on the import parity prices of petrol and high speed diesel between July 2001 and April 2006.

Likewise, the report pointed out that the petroleum ministry failed to cap the distribution margins of the OMCs and dealers when the petroleum prices touched the roof and provided a benefit of Rs9 billion to the OMCs and dealers between December 2004 and May 2006.

“The ministry despite having assured the ECC in the summary of capping the margins, failed to cap OMCs’/dealers’ margins resulting in their exorbitant profit margins,” the report said.

It calculated a financial impact of more than Rs18 billion that was `erroneously’ earned by the oil marketing companies and dealers in five years because the OCAC charged commissions even on government taxes, particularly on 15 per cent GST, that was clearly in violation of laws.

The report said that a loss of another Rs6 billion was caused to the government by “illegal removal of 40 per cent upper cap of profits” to the refineries, making a total loss of Rs82.90 billion.

It said under the federal cabinet decision, the Oil and Gas Regulatory Authority (OGRA) was established in March 2002, requiring the government to immediately transfer monitoring and regulatory function of petroleum prices to Ogra. However, the transfer of regulatory role to Ogra “was delayed by the ministry for more than four years. The gas regulation and licensing function were transferred to Ogra, but POL pricing was withheld for four years”.

Similarly, “the deemed duty in the guise of tariff protection was allowed to refineries without seeking specific legal approval/issuance of SRO”. —By special arrangement.

June 25, 2009

Courtesy: Dawn, ISLAMABAD, & Pakistan Corruption Reporter

Source- http://corruption-reporter.blogspot.com/2009/06/rs-83-billion-loss-caused-to-exchequer.html