Thursday, March 6, 2014

Life given to 'my Concept by KPK Government

- July 31, 2009 -

PLANT A TREE : PAKISTAN

In order to create awareness in our youth about playing a constructive role in the society and to make our environment green, Pakistan Tehreek-e-Insaf (PTI) can make a difference through a campaign. The vision is every house must have a tree - a step towards Green Pakistan


Green Pakistan: Campaign

PTI can start a campaign ‘Green Pakistan’ of planting trees from its own offices in all the provinces by its senior-officials [a step towards green Pakistan].

Spread the message of the campaign (every house must have a tree) among existing members; ask them to save money - in summer and/or winter they plant a tree in their houses. Even the seeds of fruits consumed in everyday life can be used in the plantation procedure.

Address people by adding message of Green Pakistan in the banners, stickers, membership tickets and on the website (e-mail) - effectively utilizing membership process. Thus, every new member plants a tree, it’s about personal efforts for the community; all humans are aware of the significance a tree has - PTI just has to develop the custom.

Members can influence youngsters in their acquaintance by their act of planting trees; the process continues and we can make Pakistan green.



- February 20, 2014 -

'A tree for every house’ launched in Mansehra


MANSEHRA: The district administration on February 20 launched ‘a tree for every house’ programme designed to control air pollution in Mansehra.

Deputy Commissioner, Mansehra during the launching ceremony at the New Circuit House, and Assistant Commissioner planted saplings in presence of the district heads of all government departments.

We are going to plant a tree in every house with the support of almost all government departments and non-governmental organisations in the district. It will be a great step towards making Khyber Pakhtunkhwa green and pollution-free,” Deputy Commissioner said.



Wednesday, October 31, 2012

Turn the Crowd into a Nation


Organized and interdependent community is called society; our society reflects various colors in different shades of life – in natural disasters it looks generous, in praising it seems self-centered, in need of making a queue it seems impatient, in matters of wealth and property it looks materialistic, in representing own culture it lacks confidence, in promoting personalities its media chooses actors of other nations, in dealings it depends on foreign language, and in following norms it is after West hence, exhibit an impression of inferiority complex.

Art and science of government is politics whereas politics in our society has been a sport with no rules besides dishonesty and mud slinging. Therefore, an honest man cannot think of politics because of the fear of being played by the opportunist hence a silent majority is being formed in the society. What impression does this expose on young people?

In our country, politics is second to entertainment though some call it dirty game but those who have been in power try to justify that they are public servants because public has elected them. In the whole scenario of election and representation, take a moment and focus on students, how and what role they play in politics.

On thinking about students in politics, image of young men wrapped in flags with stickers on shirts, holding banners-placards shouting slogans, running on roads - riding bikes flashes across ones mind. Their energy and enthusiasm is commendable but there is lack of discipline, patience and ideology because they are in politics of a society, which lack these as violence is being exercised in daily life.

A student in politics knows how to make preparations for protest, riot and convention whereas s/he is not clear whether s/he is supporting a candidate on basis of his/her political stance or character, supporting a party for it’s leadership, manifesto and/or social development programs. This depicts generation(s) being prepared for the future.

The lifeblood of this movement (for justice) is young-guns, who need to comprehend an approach towards looking at society to scrutinize it for bringing change - influence others through individual act(s). Perception is to be induced in them to consider ideological factors beside aspects of activism only.

In their struggle for justice, convey that the flag they carry in processions symbolizes progress (white crescent), light and knowledge (white five-pointed star), Muslim religion (green), and revolution (red). First step can be taken by adding the text in pamphlets, brochures, membership tickets, stickers, on web site and social media.

Turn the crowd into a nation aware of what they are standing for, below the flag of Tehreek-e-Insaf.



 http://www.insaf.pk/Media/InsafBlog/tabid/168/articleType/ArticleView/articleId/8577/Turn-the-Crowd-into-a-Nation--By-Mr-Atif-Abbas.aspx

Peace Pipeline - Peace March and Washington


October 27, 2012

"Pakistan has been pursuing the [Peace Pipeline] Iran-Pakistan (IP) Gas Pipeline Project and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project to overcome the energy crisis in the country. However, pressure from the US on dealings with Iran have put projects with Pakistan’s western neighbour under a cloud." (APP, September 04, 2012, Published in The Express Tribune).

"The dark side is that TAPI provides a cover for the Americans to maintain a potent military presence in Afghanistan, though for other strategic reasons. Both India and Pakistan are energy starved countries and need gas urgently from whatever source it comes.

Washington’s support implies that TAPI will attract the financiers more promptly. However, the overriding American objective to promote TAPI is to ensure that the IPI [Iran-Pakistan-India] project is effectively killed. America has a history of bulldozing economically unpopular projects in exchange for politico-strategic gains....
...


The tussle over the IPI and the TAPI is not a mere economic battle; it has far-reaching geopolitical dimensions. The IPI and TAPI are symbols of the ‘new great game’ - the main goal of which is gaining control of oil and gas reserves in this region. The US and its allies want Pakistan to abdicate the IPI and pursue the TAPI only; India has already done so. Now, China and Russia are supporting Pakistan to withstand the US pressure for giving up the IP project." (Khalid Iqbal, 'IPI and TAPI: the peace pipelines', The Nation, May 14, 2012).

"...two-day rally [Peace March was] organized by Imran Khan, the sportsman-turn-politician who has become a top critic of American drone strikes in Pakistan, saying they have killed many innocent civilians.
...

...the recent study at Stanford and New York University titled ‘Living Under Drones’ proves US drone strikes do little to make the US safer. The study claimed that only 2 per cent of drone strike casualties in Pakistan are top militants, and that the large number of resultant civilian deaths turn ordinary Pakistanis against the US.

The study also revealed that number of casualties among Pakistani civilians was far higher than the US acknowledged.

According to the Bureau of Investigative Journalism, from June 2004 till mid-September 2012, between 2,562 and 3,325 people were killed in drone strikes Pakistan, mostly in the North Waziristan region.  Some 474 to 881 of those killed were civilians, including 176 children. Another 1,300 were wounded." ('Pakistan forces halt anti-US drone march to S. Waziristan', RT, October 07, 2012).

"The timing of the attack on Malala Yousafzai on October 9 just one day after the PTI march against drone attacks is most intriguing. The attention of the world to the cruelties and barbaric bombardment of innocent civilians in FATA as revealed by the participation of 32 Americans and several British in the PTI march, its coverage by the BBC and the denunciation of drone attacks by the visiting Russian foreign minister, editorials against drone attacks in the Financial Times and other newspapers reveal the global attention that US crimes against the people of Pakistan were getting. It is also intriguing to note that after the attack on Malala Yousafzai the casualties from drone attacks increased to 18 and 27 the day before and yesterday respectively. This precious loss of life and the crimes against humanity committed by the US against these innocents is now not drawing any attention in the international media."
...

"This time around the civil society, media, civilian government, the army, etc appeared very well organized against the cowardly attack on Malala in a matter of just 24 hours. And almost immediately Barak Obama who has been ordering the murder of innocent Pakistani civilians on a daily basis and Hilary Clinton were ready with their statements condemning the barbarity.
...

The immediate and well organized reaction of the media, civil society, UN Secretary General, the highest political office in Washington, the singers, etc, convey the impression that they were ready for the situation 'even before' the poor child was attacked." (Shahida Wizarat, 'Why Malala Yousafzai was attacked?', The Frontier Post, October 14, 2012).

"Tensions are running high between Pakistan and the US over the latter’s drone attacks on the majority-Islamic nation. Washington insists that its airstrikes, part of the US “War on Terror” campaign seeking to defeat Taliban and Al-Qaeda militants crossing the Afghanistan border, are very precise." ('Pakistan forces halt anti-US drone march to S. Waziristan', RT, October 07, 2012).

In Muslim countries, West intervene in their state affairs because of their interest in natural resources of the region. US has been using Pk-land for secret intelligence operations; there are several US military bases in Afghanistan and Pakistan. To justify its counter-terrorism programs, Washington increases its covert support to the 'terrorists'. The ongoing insurgency in the region is a clue of a 'different situation coming ahead for people of Pakistan.

Monday, October 29, 2012

`Engineered Revolution

October 05, 2011

US {United States} and NATO {North Atlantic Treaty Organization} create social and ethnic divisions by supporting liberation armies/separatist groups to collapse national structure thus, destabilize governments. To sustain its covert programs, Washington increases its support to the rebels. CIA {Central Intelligence Agency} funded Libyan Rebels with cash and weapons.

The agency recruited over 1,500 men from Mazar-e-Sharif [Afghanistan] for fighting against the Qaddafi forces in Libya. Most of the men have been recruited from Afghanistan. They are Uzbeks, Persians and Hazaras. (Azhar Masood, The Nation, August 2011).

From Washington’s viewpoint, Afghanistan and Pakistan are hubs, politically and geographically - they have been using the hubs for secret intelligence operations; there are several US military bases in these countries.

In Balochistan (Pakistan), British intelligence (Secret Intelligence Service (SIS)/MI6) is blamed for providing support to liberation army. “In June 2006, Pakistan's Senate Committee on Defense questioned British intelligence about their involvement in abetting the insurgency in the province (Balochistan) bordering Iran” (Press Trust of India, August 09, 2006). Same kind of intelligence operations by the West have been carried out in other countries they named, developing world.

From the activities of West, it seems the idea is to politically fracture Pakistan and Iran (through province Sistan-va-Baluchestan) using Baloch nationalism. “Tehran charges that US Special Forces units are using bases in Pakistan for undercover operations inside Iran designed to foment Baluch opposition to the regime of President Mahmoud Ahmadinejad” (Selig S Harrison, Pakistan’s Baluch insurgency, October 2006).

In late March [2011], NATO started air strikes - an intervention to aid rebels. To overthrow Qaddafi’s regime, UK and France led the campaign.

Sources in Quetta [Pakistan] said: “Some Uzbeks and Hazaras from Afghanistan were arrested in Balochistan for illegally traveling into Pakistan en route to Libya through Iran. According to Aljazeera most of the men who intruded inside Pakistan from Afghanistan were recruits for Libyan Rebels’ Force. More than 100 illegal immigrants were discovered 20km from the border town of Quetta [Pakistan] last week inside the container, which had been locked from the outside (Azhar Masood, The Nation, August 2011).

In a report the New York Mayor’s TV Channel Bloomberg said, Leaders of the Libyan rebels’ TNC {Transitional National Council} flew to Istanbul [Turkey] seeking legitimacy and money. They will leave with the official recognition of the US and 31 other nations, as for the cash, they will have to wait.

The decision to treat the council as the “legitimate governing authority” in Libya is a key step to freeing up some of the government’s frozen assets for rebels seeking the ouster of Muammar Qaddafi. Still, obstacles such as existing United Nations sanctions won’t disappear overnight (Azhar Masood, The Nation, August 2011).

According to a Treasury official who was not authorized to discuss the matter publicly, US officials will consult with the TNC and international partners on the most effective and appropriate method of making additional significant financial assistance available.

Western powers are dominant in global financial system and for collective strategic interests - they stimulate political and socio-ethnic conflicts to bring the economy of a country to the ground. An environment is created to portray that for economic stability the country requires assistance from international financial community.

US Secretary of State (Hillary Clinton) said, “We still have to work through various legal issues, but we expect this recognition will allow the TNC to access various forms of funding…”

By the global intervention, (democratic) principles are ruined and institutions destroyed – resulting in weak (autonomous) processes. Hence, country’s development strategy is determined by the bureaucratic global institutions; different regimes make several policies, which are actually based on the framework set by those institutions.

Recognition may lawfully allow nations to buy state-owned oil from the TNC, which controls the oil-rich eastern part of the country. Italy’s Eni SpA and France’s Total SA are the top oil companies operating in Libya, a former Italian colony (Azhar Masood, The Nation, August 2011).

In Muslim countries, West intervene in their state affairs because of their interest in natural resources of the region. By keeping the local government in dark, multinationals conduct operations to grasp potentially valuable areas of a country.

The imposition of their (economic) reforms is interlinked with their covert operations - from organizing military coups to supporting paramilitary armies for civil wars sponsored by US and NATO. Their goal is to create social divisions, weaken the ability to resist the invasion by splitting national structure and initiate civil war. Through war, they manage ownership over the oil and gas resources of the region.

A number of actions by the rebels convinced the US to offer recognition, including a commitment to pursue a reform process, and to seek more inclusive representation of Libyans, politically, geographically and tribally, according to a State Department officially.

Through legal framework they implement the reforms and takes a country to industrial decline; their programs play significant role in creating foundation for puppet leadership and in determining the shape of a society and its class structure.

A Geopolitical Hub

May 24, 2011

The sovereignty of the country is being damaged by meeting the demands of the West. By the global intervention, democratic principles have been ruined and institutions destroyed – resulting in weak democratic processes. The country’s development strategy is determined by the bureaucratic global institutions; different governments made several policies, which are actually based on the framework set by those institutions.

From perspective of Washington, Pakistan is of strategic interest and for intelligence ops, they have been using the land by developing US military bases. "U.S. Special Forces are expected to vastly expand their presence in Pakistan, as part of an effort to train and support indigenous counter-insurgency forces and clandestine counter-terrorism units" (William Arkin, Washington Post, December 2007). To justify its counter-terrorism programs, Washington increases its covert support to the ‘terrorists’.

“The Pakistani military is already engaged in a largely unreported brutal war in the border tribal region to stamp out militant groups… Some 120,000 Pakistani troops, including a 60,000-strong locally raised frontier corps, are stationed in the Federally Administered Tribal Area (FATA region). A major offensive is currently underway in the Bajaur area (smallest of agencies in FATA) where clashes are taking place daily and an estimated 300,000 people have fled their homes” (Peter Symonds, WSWS.org, September 22, 2008).


A draft of National Intelligence Estimate (NIE) was referred by McClatchy newspaper (October 14, 2008) in which a US official said that the draft describes Pakistan as being “on the edge” and called the draft “very bleak”.

NIE warned that the government of Pakistan is facing an accelerating economic crisis that is composed of food and energy shortages, escalating fuel costs, a sinking currency and a massive flight of foreign capital accelerated by the escalating insurgency.

A US official who participated in drafting said it portrays the situation in Pakistan as “very bad” and summarized the conclusions about the state of Pakistan as: “no money, no energy, no government”.


Former Minister of Provincial Assembly (MPA), Ameer Bhutto, from Ratodero (Larkana District-Sindh), wrote in the The News International Pakistan (The bubbling cauldron, July 2008):

“If President Musharraf could not stand before Colin Powell’s (US Secretary of State, 2001-04) ultimatum in 2001, there is no reason to believe that he or Prime Minister Gilani can make a stand now. Sporadic US air raids have been continuing [for] some time and there is reportedly significant American troop build-up at the Pakistani-Afghan border recently. American authorities have also confirmed that the US intends to boost its troop presence in Afghanistan in the current year. This, read with President George Bush’s assessment that Taliban and Al Qaeda activities in Pakistan pose the greatest threat and challenge to US security interests, makes it impossible to escape the conclusion that, after Afghanistan and Iraq, Pakistan’s turn has now come.”


…in Balochistan, British intelligence (Secret Intelligence Service (SIS)) is blamed for providing support to liberation army. “In June 2006, Pakistan's Senate Committee on Defense questioned British intelligence about their involvement in abetting the insurgency in the province (Balochistan) bordering Iran” (Press Trust of India, August 09, 2006). Same kind of intelligence operations by the West have been carried out in other countries they named, developing world.

The imposition of economic reforms of IMF-World Bank is interlinked with their covert operations - from organizing military coups to supporting paramilitary armies for civil wars sponsored by US and North Atlantic Treaty Organization (NATO). They create social and ethnic divisions by supporting liberation armies/separatist groups to collapse federal structure and thus, destabilize sovereign governments.

Pakistan in a glimpse

February 05, 2011

The country is globalized and urbanized, with highly rich and extremely poor citizens. The scenario is: inflation, power shortages and depreciation of Pak currency; machine factories and production of local goods are in crisis while consumerism is mounting. Foreign investment in domestic manufacturing is in crisis whereas foreign investment in service sector is increasing.

The role of the state officials in policy formulation is insignificant and has been governed by the international agencies. The government officials have not been taking any sustainable productive initiatives of national projects whereas mushroom-growth of non-governmental organizations has escalated.

Primary-Secondary schools and libraries have been neglected whereas private educational institutes are growing for a specific class. Degree holders have increased whereas scientists are in extinction; information communication technology has been promoted whereas nothing has been projected for establishing the foundation of general science and technology. Independent research is vanishing while consultancy services have become available.

General housing has decreased whereas high-rise buildings and projects destroying ecological balances are obvious. Urban population is increasing, which do not find reasonable wages to survive; outward migration is greater than before whereas proper utilization of own human and material resources is on the verge.

General health opportunities are barely adequate for a common citizen – expensive private clinics are increasing. Crime rate is levitating and so is the insecurity of every citizen. Sustainable employment opportunities have decreased and people under poverty line have increased immensely. The number of poor in the country has risen from 60 to 77 million since 2007 because of food inflation according to Oxfam report (Food Crisis in Pakistan: Real or Artificial, October 16, 2008). The report deduced that the poorest 20 percent spent 50 to 58 percent of their income just to buy cereals and a major problem in Pakistan was absence of authentic data on food production.

Corruption, non-transparent privatization and black economy (bribery, employment of professional criminals and commission from not only government projects but from hidden contracts with foreign companies) are leading Pakistan to more economic troubles. There has never been a phenomenon of accountability.

The course of Pakistan’s politics can be determined because accumulation of capital through criminal activities has become a tradition (in politics). The emergence of rich-corrupt people and their supremacy on national structure has made it easier for global institutions to launch their agenda. By this real democracy cannot grow. The state officials are busy in implementing the programs of IMF to privatize all utility services. Thus, citizens have to bear the consequences because of the policies made for foreign profiteers.

The parallelism in growth of wealth and poverty - power and vulnerability can be observed in this fragmented Muslim nuclear state as it is suffering from artificial nutrition of IMF.

Pk's Ground - US Base(s)

August 21, 2010

Health relief operations in Jacobabad are not possible because the airbase in the area is controlled by the US: Health Secretary Khushnood Lashari during an appearance at the Senate Standing Committee on Health on Wednesday, August 19, 2010.

"Health relief operations are not possible in the flood-affected areas of Jacobabad because the airbase is with the United States," Mr Lasharisaid while answering a question asked by Senator Semeen Yusuf Siddiquiof PML-Q.

Dr Jahanzeb Aurakzai, coordinator of the Health Emergency Preparedness and Response Centre, said: "Foreign health teams could not start relief operations in remote areas because there are no airstrips close to several areas, including Jacobabad."

"It is very unfortunate that Americans can launch a drone attack from Shahbaz airbase but the government is helpless even in using the country's base for relief operations," Senator Semeen said while talking to this correspondent.

"I don't know why the health minister failed to report the matter to the quarters concerned, specifically the Pakistan Army.

"The airbase, which I think the government has given on lease to the Americans, should be used to provide immediate health relief to the flood-affected people."
(Imran Ali Teepu, Airbase near Jacobabad under US control, Senate panel told, August 19, 2010)
http://archives.dawn.com/?s=airbase+near+jacobabad+under+us+control,+senate+panel+told 

Pakistan is a geopolitical hub from Washington's perspective and they have been using it for secret intelligence operations; there are several US military bases in the country. "U.S. Special Forces are expected to vastly expand their presence in Pakistan, as part of an effort to train and support indigenous counter-insurgency forces and clandestine counter-terrorism units" (William Arkin, Washington Post, December 2007). To justify its counter-terrorism programs, Washington increases its covertsupport to the 'terrorists'.
...

"Tehran charges that US Special Forces units are using bases in Pakistan for undercover operations inside Iran designed to foment Baluch opposition to the regime of President Mahmoud Ahmadinejad" (Selig SHarrison, Pakistan's Baluch insurgency, October 2006).
...

There is dire need to overcome the ideology, which glorify discrimination and transform the environment of bureaucracy,which portray inequality. The concept is to be tailored to make government servants realize including the president that they are public servants; luxurious castles used by them must be utilized for educational institutions and research. Independent foreign policy must be crafted and US military bases must be closed."

(economic) Restructuring

May 21, 2010 

Keep in perspective the Dates… 

The government wants the IMF to provide $3 billion and another $1.5 billion to $2 billion for adjustment of the loan installments and maintenance of the balance of payments during the current financial year, said official in the Ministry of Finance.
(Mazhar Tufail, Pakistan accepts 11 IMF conditions, November 02, 2008)

ISLAMABAD -(Dow Jones)- Pakistan [Friday April 23, 2010] gave the go-ahead for the privatization of Jamshoro Power Company and two other state-run firms as the country looks to reduce its heavy debt burden. 
 

In under developed countries, in era’s of dictators especially, not only the state violence intensified but economic reforms were implemented, which resulted in debt escaltion, currency devaluation, poverty elevation, sale of assets, emergence of Western financial institutions and political instability. Eventually economy of those countries weakened. (Atif Abbas, Economic Restructuring in Pakistan, March 12, 2009). 

Musharraf (1999-2007) won Washington’s support by implementing privatization and deregulation programs that have only exacerbated the plight of Pakistan’s rural and urban poor. …the Musharraf regime is implementing a $6 billion privatization scheme that includes the sell-off of banks and electrical power utilities (Joseph Kay, WSWS.org, April 30, 2002).

The government privatized financial institutions (HBL, UBL, MCB), Pakistan Telecommunication Company Limited, Pakistan Steel Mills and Karachi Electrical Supply Corporation. Whereas privatization of fertilizer public companies (Pak Saudi Fertilizer, Pak Arab Fertilizer) led to severe crisis of agriculture. Both the puppets left politically fractured and economically crippled Pakistan without facing any trial. (Atif Abbas, Economic Restructuring in Pakistan, March 12, 2009). 

"Karachi Electrical Supply Corporation (KESC) was sold out for only 16 billion Rupees. It failed to improve any electricity supply, on the contrary, there has been regular load shedding and most of the political parties have demanded to renationalize the KESC."

… When privatization started in 1991, the foreign debt was 23.323 billion Dollars. Now, in 2008, it has gone up to 45 billion Dollars." (Farooq Tariq, spokesperson Labour Party Pakistan).

“If the chief justice [Iftikhar Muhammad Chaudhry] of Supreme Court of Pakistan had not stopped the privatization of Pakistan Steel Mills Karachi in 2006, the former [Musharaf] regime would have sold most of the public institutions on throwaway prices. This would have been like selling Pakistan.” (Farooq Tariq, Labor Party Pakistan, June 11, 2008).

During eight years of Musharaf-Shaukat privatization push, corruption of 1550 Billion Rupees has taken place, according to conservative estimate of Anti-Privatization Alliance (APA) Pakistan.

Eric Ellis wrote in his report (Privatizing Pakistan, October 2005), “The targets include Javedan Cement (Karachi), Mustehkam Cement (Haripur), Pakistan International Airlines, Pakistan Steel Mills and the country’s upstream and downstream oil companies, Pakistan Petroleum and Pakistan State Oil Co.”. 

Farooq Tariq (Labor Party Pakistan, June 11, 2008) mentioned, website of Privatization Commission updated in March 2008 announces the planned privatization of Pakistan Railways, Pakistan International Airlines (PIA), State Life Insurance Corporation, Oil and Gas Development Corporation (OGDC), Sui Northern and Sui Southern Gas Companies, Faisalabad Electric Supply Corporation, Peshawar Electric Supply Corporation, National Fertilizer Corporation, Port Qasim Authority, Civil Aviation Authority, Karachi Port Trust, Printing Corporation of Pakistan, All Utility Stores and Corporation, Rice Export Corporation, Cotton Export Corporation and Convention Center Islamabad.

“The privatization of public-sector entities will remain the cornerstone of the government’s economic agenda.” (Privatisation Commission, November 04, 2008). 

“Companies earmarked for partial or total privatization include: the National Power Construction Company, Jamshoro Power Company, Faisalabad Electric Supply Company, Heavy Electrical Complex, and the Qadirpur gas field. The government says it hopes to raise between $2 billion and $3 billion through this latest privatization wave.” (Keith Jones, WSWS.org, November 13, 2008).

The 23-month standby arrangement of about $7.61 billion was approved on Nov 24, 2008. On Aug 7 last year, the arrangement was augmented to about $10.66 billion and extended to the end of 2010. (Anwar Iqbal , IMF releases $1.13bn, waives two conditions, May 16, 2010).
 
IMF reduces debt on condition of selling profitable state owned enterprises at very low prices. 


(Pakistan To Privatize 23 Companies In The Next Nine Months, March 06, 2010) 

Federal Minister for Privatization in Pakistan, Senator Waqar Ahmad Khan said here on March 5 that out of 58 State Owned Entities (SOEs), 23 were being privatized on fast track basis through public private partnership. According to a press release, chairing a meeting for privatizing some entities of PEPCO (DISCOs) in Lahore, the federal minister said these companies were being restructured, reorganized and revalued to assess their true potential before taking them to the market.

Waqar said that Boards of Directors of these entities were also being changed to bring in respective professionals and experts for the progress and growth of these entities. Keeping in view the keen interest being shown by the world’s top investment houses and business groups, the ministry has expedited the privatization process, he added. Secretary Ministry of Privatization, Shahab Khawaja, MD, PEPCO, senior officials of PEPCO and ministry were also present during the meeting.

The cabinet has approved to privatize 58 state-run enterprises and the process will be completed in nine months, Federal Minister for Investment and Privatization Senator Waqar Ahmad was quoted by a private TV channel as saying. The companies are Morafco Industries Ltd. (KASE:MOIL), The Pakistan Tourism Development Corporation, Faisalabad Electric Supply Company Limited, National Power Construction Corporation (Pvt) Limited, Pakistan Machine Tool Factory (Pvt) Ltd., Peshawar Electric Supply Company Limited, Pakistan Mineral Development Corporation, SME Bank Ltd., Hyderabad Electric Supply Company Ltd., and Quetta Electric Supply Company Ltd.

Source : http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32590649


ISLAMABAD -(Dow Jones)- Pakistan [Friday April 23, 2010] gave the go-ahead for the privatization of Jamshoro Power Company and two other state-run firms as the country looks to reduce its heavy debt burden.

The federal government will sell stakes in SME Bank and Heavy Electrical Complex, as well as Jamshoro Power, the Privatization Commission Board said in a statement.
Minister for Privatization Waqar Ahmed Khan said third party valuation of the companies should be carried out to correctly assess their worth.

Pakistan, which has been crippled by continuing violence and unrest, relies heavily on grants from global multilateral funding agencies and friendly nations.

The World Bank has shown an interest in funding work to rehabilitate Jamshoro Power before the government sells its stake, the statement said.

The board has also decided to revalue National Power Construction Company, it added. (Islamabad Bureau; Dow Jones Newswires)
Source: http://www.nasdaq.com/article/pakistan-approves-privatization-of-3-state-run-firms-201004231008dowjonesdjonline000547#.UI70r9dVe8A

WASHINGTON: The International Monetary Fund (IMF) said on Friday [May 14] that its executive board has released a loan of 1.13 billion dollars to Pakistan. (Dawn News, May 16, 2010).

IMFs agreements have been put in effect by previous governments and now current government (Zardari, 2008) has applied to IMF for assistance.

Due to lack of transparency, no one has the knowledge of contracts, which have been signed in telecommunication, power and oil-gas sectors.

After the period of dictator in 1977-88, every government inherited the debts of its predecessor. There is always another solution instead of begging for financial assistance from the West. Otherwise, the federation will never be able to make decisions independently and future generations will always be paying debts. (Atif Abbas, Economic Restructuring in Pakistan, March 12, 2009).