Tag Archives: money

The profit of misery: what they know and we do not

– Dr Manzur Ejaz

The ruling elites induce various crises to make money for themselves and their allies. From the power crisis to sugar shortages, every occasion is used to siphon off billions of dollars to private accounts. The misery of the Pakistani people has become a profitable commodity for the rich and powerful …

Read more : Wichaar

Bharat Mahan : The Most Corrupt nation on this planet, say Jay Hind

$1.5 Trillion of India’s stolen money: Swiss Banking Association
Transparency International and the Freedom Foundation ignore the blatant and egregious theft of money from official coffers of the Government of India. The Most Corrupt nation on this planet Bharat (aka India).

Swiss Banking Association report, details bank deposits in the territory of Switzerland by nationals of following countries:

Top five: India—- $1,456 billion (Public loot since 1947), Russia —$ 470 billion, UK ——-$390 billion, Ukraine – $100 billion, China —–$ 96 billion

According to Global Financial Integrity Indian politicians, IAS, IRS, IPS and people from entertainment and sports industry have deposited $ 325 billion in last five years in Swiss accounts (say Jay Hind).

This may be the picture of deposits in Swiss banks only. What about other international destinations? There are presumably more than 70 Tax havens in the world. Indian wealth could be more in Switzerland and various British /US islands. At least forty countries market themselves aggressively as tax havens.

After Bharat mahan the second best Russia has 4 times lesser deposit in Swiss accounts. US is not even there in the counting in top five !! India has more money in swiss banks than all the other countries combined.

Interestingly Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it but Indian govt. is not asking for the details. Annually more than 100,000 Indians travel to Switzerland, of whom 35,000 travel very frequently.

A few corrupt Indians have 1.5 trillion dollars of black money on other hand daily 3000-4000 children die from malnutrition in India and 1000 pregnant women die every day in India (say Jay Hind). More than 70% of population is anemic (In simple maths after 50 years there will be no Indian in India.) India got the gold medal in black money but they are competing with Angola and Congo in GHI (global hunger Index).

Chennai, The Switzerland government has not received any request from the Indian government for sharing the names of tax evaders who have stashed away their illicit money in Swiss banks, the Swiss Ambassador to India Philippe Weiti said Wednesday. …

Read more : Wichaar

More details : BBC urdu

IT’S NOT CORRUPTION WHEN WE DO IT.

by Ghulam Haider

Journalistic corruption is doubly evil because infected columnists and ‘plot-zada’ journalists then collude with corrupt generals, politicians and bureaucrats and aid them in their thievery in the hopes of a few crumbs falling their way.

The institutionalized loot and plunder of state resources, especially the allotment of expensive residential plots to hand-picked Darbari journalists by successive governments to ‘shackle their pens’, has reached unprecedented heights in Pakistan.

The so-called fourth pillar of the state – the press – has been witnessing its foundations reeling under the burden of the ‘legendary journalists’, who do not tire while preaching morality and ethics on electronic and in print media, have become the part of this dirty loot.

Media are considered a watchdog for any society. Journalists are supposed to point out loopholes in the government policies for safeguarding public money and greater public interest. But one wonder if journalists too get themselves involved into dirty plot politics, who would safeguard greater public interest and the interest of tens of teeming millions who are shelterless, jobless, needy and poor, who perhaps deserve far more than those for whom the floodgates of the taxpayers’ money see no limit. …

Read more : ViewPoint

A Pakistani makes his country proud. Returns $50,000/- found in hotel room to rightful owner.

“I have a responsibility as a human being, as a Pakistani, a Muslim,” … “I never thought about keeping the money.”

Pakistani hotel cleaner returns $50,000 in cash left behind by forgetful guest

A hotel cleaner who earns just £200 a year has been hailed a national hero in Pakistan after he returned $50,000 in cash left behind by an absent-minded guest.

By Rob Crilly in Islamabad

Essa Khan found the bag of notes stuffed in a safe deposit box while carrying out a routine inspection of a room vacated by a Japanese NGO worker before another guest arrived.

After years of negative publicity from terror strikes and political unrest, politicians have lauded the housekeeper’s honesty as the “real face of Pakistan”.

But Mr Khan told The Daily Telegraph he was simply doing his job.

“I have a responsibility as a human being, as a Pakistani, a Muslim,” he said on Sunday. “I never thought about keeping the money.”

Mr Khan, 50, has worked for the past 20 years at the Gilgit Serena Hotel, which stands amid dramatic scenery at the foot of the Karakoram mountains, in northern Pakistan.

Hotel staff managed to track down the guest, who works for the Japan International Co-operation Agency, and return the money, which was intended to fund a feasibility study into tourism projects in northern Pakistan.

Read more >> Telegraph

Pakistan: No money, No energy, No government!

New intelligence report says Pakistan is ‘on the edge’
By Jonathan S. Landay and John Walcott | McClatchy Newspapers
Courtesy and Thanks: McClatchy
MORE FROM MCCLATCHY
Severe economic crisis threatens Pakistan’s stability
Wave of violence worsens Pakistan’s security, economic crisis

WASHINGTON – A growing al Qaida-backed insurgency, combined with the Pakistani army’s reluctance to launch an all-out crackdown, political infighting and energy and food shortages are plunging America’s key ally in the war on terror deeper into turmoil and violence, says a soon-to-be completed U.S. intelligence assessment.
A U.S. official who participated in drafting the top secret National Intelligence Estimate said it portrays the situation in Pakistan as “very bad.” Another official called the draft “very bleak,” and said it describes Pakistan as being “on the edge.”
The first official summarized the estimate’s conclusions about the state of Pakistan as: “no money, no energy, no government.”
Six U.S. officials who helped draft or are aware of the document’s findings confirmed them to McClatchy on the condition of anonymity because NIEs are top secret and are restricted to the president, senior officials and members of Congress. An NIE’s conclusions reflect the consensus of all 16 U.S. intelligence agencies.

Continue reading Pakistan: No money, No energy, No government!