Terroristan - October 8, 2018

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anupmisra
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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 02:08

Thai authorities to deport 70 Pakistani asylum seekers

Thai authorities on Thursday convicted 70 Pakistani asylum seekers of staying illegally in Thailand despite their protestations that they face persecution if they are sent home, as police intensify a crackdown on illegal immigration.
The group was accompanied by 11 children who will also be held in the detention centre.
One of the defendants, Emmanuel Shan, said the group consists mostly of Christian Pakistanis and some belonging to the Ahmadi community, and that members of the two religious groups face persecution in Pakistan.
“I'm Christian and my life and family are not safe back in Pakistan,” he said.
Thailand regularly deports foreigners who are in the country illegally, even if they are recognised by the United Nations as refugees who are fleeing persecution.


https://www.dawn.com/news/1438359/thai- ... um-seekers

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 02:14

This is a funny condition imposed by the IMF's MD Christine Lagarde.

IMF to seek 'absolute transparency' of Pakistan's debts in bailout talks
:rotfl:

She said such disclosures were necessary to determine the debt sustainability of countries seeking IMF loans.
The requirements are likely to shine a spotlight on the extent, composition and terms of Pakistan’s debts to China for infrastructure projects as part of Beijing’s massive Belt and Road building program.
“In whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, and terms of the debt that is bearing on a particular country,” Lagarde told a news conference when asked about Pakistan’s debts to China.
Lagarde said that the IMF would need to know the extent and composition of the country’s debt, including sovereign debt and state-owned enterprise debt, “so that we can actually really appreciate and determine the debt sustainability of that country, if and when we consider a program,” she added.
“We look forward to our continuing partnership.” :lol:
If a package is agreed, it would be Pakistan’s 13th IMF bailout since 1988.


In other words, open your books. No, not these, the other ones.

https://www.thenews.com.pk/latest/37964 ... lout-talks

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 02:44

Some Trivia About "The Premier Intelligence Agency" ( AKA I.S.I. ) :mrgreen:

A lesser known and a bit surprising fact about Inter Service Intelligence (ISI)
Oct 11, 2018

LAHORE - The longest serving Director General of Inter Services Intelligence (ISI) was an Australian born General, Robert Bill, a surprising revelation has been made.
The average tenure of 22 Inter-Services Intelligence (ISI) Chiefs, since inception in 1948, has approximately been 3.18 years, the News has researched and reported.
The Australian-born Major General, Robert “Bill” Cawthome, remains the longest-serving Director General of the Inter-Services Intelligence Agency for over nine years from 1950 to 1959.
Robert Cawthome was once a British Army officer, who had later joined the Pakistan Army,

Above appointments makes sense IMO. Pakistan was a creation of the British . A lackey to "keep an eye on the Soviets" so, surrounding areas do not fall into communism . Pakis joined SEATO, CENTO and any other alliance which may bring in moolahs and arms to fight against India. Therefore their "CIA and MI-5 equivalent " were controlled by the Brits and their allies . Talk about sover-virginity :mrgreen:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 02:59

Pakis Still "Pimping" For CPEC . Arbis Welcome If They Bring Moolahs :mrgreen:

Gwadar Port emerging as the new hub of international trade route
Oct 11, 2018

*BEIJING - There have been solid indications that Saudi Arabia is interested in investing in the port city of Gwadar and other projects under the China-Pakistan Economic Corridor (CPEC).*
It is quite beneficial for Saudi Arabia to participate in the mega-project as it helps link its economy with China's and facilitates the successful implementation of Crown Prince Mohammad bin Salman's Vision 2030, according to an article published by China.org.cn on Wednesday.As part of a holistic plan, one of its main objectives is to increase diversity in the Saudi economy, providing jobs for the Kingdom's young population and modernizing the country.
Pakis soliciting Saudia :roll:
Launching power plants and energy projects in Gwadar could help diversify the Saudi economy as well as reduce its dependence on oil.In addition, Saudi Arabia can benefit from the global trade traffic at the port and widen its business opportunities.

But the Saudis are not buying into the sherbet of CPEC , being pedaled by Pakiland :mrgreen:
In the meantime, the UAE has also been helping provide amenities to locals in Gwadar.Running a container service connecting the cities of Sharjah, Abu Dhabi and Jebel Ali with Gwadar, the UAE has recently launched the Karachi-Gulf Express.If the investment plans materialize, the involvement of Saudi Arabia and the UAE would further boost Gwadar's zone of influence and have a positive impact on the global economy in the long run.China already has excellent relations with these Middle Eastern states and such inclusions work very well both from the geo-economic and geopolitical standpoint.

It is almost as if the Pakis are pleading with the Arbis to "try" Gwadar as it would suit their needs !
Though the nature and scope of investment is not confirmed yet, such a trend in investments firmly establishes the viability and feasibility of all other CPEC projects as well and completing the model city of Gwadar is the best way to showcase the entire "flagship corridor."
This language means "begging for dollars" for Gwadar :mrgreen:
With the possibility of the inclusion of Saudi Arabia, more Middle Eastern states and African states like the UAE and Egypt could also want to participate in such projects.Based on the principles of "openness and inclusiveness," such collaborations project the ethos of the Belt and Road Initiative and provide a platform for China as well as other countries located near the routes or "corridors."
Now, the Africans too are being roped in "promote" Gwadar !
Explaining Prime Minister Imran Khan's vision behind giving top priority to the rapid industrialization plan for the port city, the Planning & Development Minister Khusro Bakhtiar said, "We cannot afford to wait any longer as our economy does not have the luxury of time. Industrialization in this port city is a low hanging fruit, considering its prospect of international connectivity and the suitable cost of transportation."
Note the buzz words like "low hanging fruit , international connectivity" and "cost of transportation" :mrgreen:
Improving local infrastructure has also remained the main precondition for making Gwadar an attractive investment destination and showcases the project's immediate value.Highlighting the location and free-zone potential of the port city as its first priority, a Gwadar Smart City Master Plan is also being discussed.Providing water, energy, road and railway connectivity are also prerequisites for the feasibility of the project.Setting the urban development of the city as a short-term target, the planning commissions of both China and Pakistan agreed on developing Gwadar and establishing industries first.
:(( Everything - on paper only - looks fine !
As Zhou Rong from the Chongyang Institute for Financial Studies advised, "The country has to push forward the construction of industrial parks under the CPEC , which can be a driving force for attracting clusters of industries."
The Pakis are "helping" in the Chinification of their own country :twisted:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 03:03

Paki Rhona Dhona About India's Defence Expenditures :mrgreen:

India's massive military buildup poses direct threat to National Security of Pakistan
Oct 11, 2018

When are they going to reach their breaking point, like the erstwhile Soviet Union during Reagan era :twisted:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 03:10

It Is "Back To The Basics" For The Paranoid - Raving And Ranting - Jahil Ham- Eid :mrgreen:

Image

Personally, we have stopped eating broiler Chicken raised commercially. We do not buy packaged milk either nor the open "fresh" milk sold in the market. All are contaminated with serious Steroids & poisons. We have kept a cow in a village nearby & we slaughter our own sheep.. and camel :roll:

Did someone ask him if he has been weaned off his laptop and TV yet :roll:


Zaid Hamid
‏Verified account @ZaidZamanHamid
10h10 hours ago

If you can, then go organic..
Keep your own cow, chickens and goats if you have some land....
we are an agricultural country. we have this tradition of keeping farm animals at home.
Grow your own chicken, meat, milk & eggs....at least....

"Practicing what you are preaching"

Image
Pic Of "The Jahil" Sans Chasma :mrgreen:

PS : Prime Candidate for a heart attack :roll:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 03:31

Sacked "Justice" Siddiqui Departs On A Defiant Note :mrgreen:

Justice Siddiqui reacts to his removal, says decision ‘not unexpected’
Pakistan Today
Oct 11, 2018

Soon after he was removed as a judge of the Islamabad High Court (IHC) by President Arif Alvi on the recommendation of the Supreme Judicial Commission (SJC), Justice Shaukat Aziz Siddiqui said that the decision was “not unexpected” for him.
He was one time "blue boy" of Deep State. Now fallen from grace !
“When nothing came out of a baseless corruption reference started in the name of alleged refurbishment of my official residence about three years ago despite full effort, my address to a bar association, every word of which was based on truth, was used as the justification to dismiss me,” he said in a statement on Thursday night.
He once criticized CJP Saquib and that became his downfall ! A case of "corruption" was then invented against him and it has now culminated in his "dismissal from service" :mrgreen:
“Neither was the reference heard in an open court despite my demand and a clear verdict of the Supreme Court, nor was a commission formed to examine the facts I stated in my speech.” “I am completely satisfied with the requisites of my conscience, my nation and my rank,” he wrote and added that he would present his detailed stance before the public very soon.
So, he is going to "spill more beans" on the Premiere Institution . He probably knows more than even Ganja :mrgreen:
“I will also reveal the facts which I had presented before the SJC in my written statement and state the actual reasons behind the dismissal of a high court judge in this manner after nearly half a century.”

Interesting time ahead . Will he now join the "second oldest profession" like his predecessor cross -eyed - Iftikhar Chaudry and start a new political party :roll:

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Re: Terroristan - October 8, 2018

Postby RCase » 12 Oct 2018 04:33

Falijee wrote:It Is "Back To The Basics" For The Paranoid - Raving And Ranting - Jahil Ham- Eid :mrgreen:

Pic Of "The Jahil" Sans Chasma, Lal Topee and Fatigues :mrgreen:, not to forget the 'Goat of Alms'!

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 05:17

Whoever has the bigger sifarish in Pakiland wins !

just the other day, a brother of a Ganja Senator had a tiff with Propaganda Minister Fawad in the Paki Senate. Rough words were exchanged between the two. As "revenge", Fawad immediately dismissed the Senator's younger bro, who was serving as PIA "Manager" In Londonistan, saying that the Senator helped him get the plum job in Londonistan .
Now it seems that an Air Vice Marshal has been brought in to be PIA's Head. And he is expected to clean up ( in theory only !) the "PIA filth" , which is draining the Paki Treasury. Now this below Tweet reveals some shocking information on the sifarish factor in PIA :mrgreen:
Ayesha Siddiqa
‏Verified account @iamthedrifter
7h7 hours ago
Ayesha Siddiqa Retweeted Saleem

Sounds good - a serving Air Marshal as Chairman, sister-in-law of Army Chief as head of HR in PIA - the airline will fly soon

Conclusion : The Abdul who brings in a bigger sifarish wins in Pakiland :twisted:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 05:32

Image

Pic Of Raheel Sharif, Crown Prince MBS And Gerald Kushner . Raheel Sharif is a close advisor of MBS

Now comes news that Journalist Khashoggi's "disappearance" was personally engineered by MBS
If that is indeed the case, then Raheel's hidden hand in this disappearance cannot be ruled out IMO :twisted:
In his tenure as COAS of Pakiland , he must have deftly handled many such cases with aplomb :twisted:

Khashoggi’s Disappearance Puts Kushner’s Bet on Saudi Crown Prince at Risk
New York Times
Oct 10, 2018

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 05:40

Madame Jalebi's Daughter Slams Imran's Govt ( from the safety of Geneva !) Once Again. Putting "Mom" once again in an embarrassing position with Immy :twisted:

Ayesha Siddiqa Retweeted
ایمان زینب
‏ @ImaanZHazir Image
14h14 hours ago

ایمان زینب Retweeted Imran Khan

After @SaleemFarrukh's appointment, I'm wondering who the next worthy appointment will be? Judging by this trajectory, maybe Hamza Ali Abbasi? Or Farhan Saeed? Aur kaun muft ka defender bana hua hai social media par lekin jaanta na sar na paaoon kissi cheez ka?

Not the real Immy !
Imran Khan
‏ @iopyne

Farrukh Saleem sounds like someone who prepared for a Pakistan Studies exam but found out the next day that it was a Chemistry viva :lol:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 05:46

"Coming Clean " Time For Pakiland :mrgreen:

For IMF Help, Pakistan Might Will Have to Disclose Its China Debts
WSJ- By Josh Zumbrun and
Saumya Vaishampayan ( RAA? )
Oct 11, 2018

BALI, Indonesia—International Monetary Fund Managing Director Christine Lagarde said a bailout deal with Pakistan would require “absolute transparency” of its debts, many of which come from China’s landmark Belt-and-Road initiative.


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Re: Terroristan - October 8, 2018

Postby SSridhar » 12 Oct 2018 06:41

How will IMF know that Pakistan has been 'absolutely transparent'?

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Re: Terroristan - October 8, 2018

Postby Vips » 12 Oct 2018 09:50

CPEC was majorly negotiated by Zardari, largely implemented by Sharif and the present govt is of Immy the Dimmy. A lot of ministers and bureaucrats would be privy to the confidential information and files. All it takes is for one person to squeal or for one file to be leaked and Pakistani lie to IMF will be exposed. The repercussions would be simply too staggering for the Porkis.

The files/contracts guaranteeing a certain % of returns in $ terms to Chinese companies (Govt Owned) would be priceless to obtain. The government of Pakistan has so far refused to disclose the details of these contracts. These files would be under lock and key at ISI HQ or GHQ.

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Re: Terroristan - October 8, 2018

Postby Parasu » 12 Oct 2018 11:00

Three uniformed jihadis get their 72 in North West Pakistan.
https://www.al-monitor.com/pulse/conten ... hwest.html

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Re: Terroristan - October 8, 2018

Postby Vikas » 12 Oct 2018 11:02

^ Maybe they have no files or document.
What if the Pakis have signed nothing on paper and like so many others, have given only verbal assurances to Chini 'Iron' brother.

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Re: Terroristan - October 8, 2018

Postby yensoy » 12 Oct 2018 11:04

Vips wrote:CPEC was majorly negotiated by Zardari, largely implemented by Sharif and the present govt is of Immy the Dimmy. A lot of ministers and bureaucrats would be privy to the confidential information and files. All it takes is for one person to squeal or for one file to be leaked and Pakistani lie to IMF will be exposed. The repercussions would be simply too staggering for the Porkis.

The files/contracts guaranteeing a certain % of returns in $ terms to Chinese companies (Govt Owned) would be priceless to obtain. The government of Pakistan has so far refused to disclose the details of these contracts. These files would be under lock and key at ISI HQ or GHQ.


I have a different take. CPEC was basically an outsourcing of the country's future, and the plans were drawn up by the Chinese only with little involvement by the Paki bureaucrats (are there any?). Therefore, the original docs would be in Chinese and locked away in Beijing, with an unverified, non-binding, poor Chinglish translation in Islamabad. IMF is wasting its time asking the Pakis for terms of the deal - I doubt even the Pakis really know.

This is like the illiterate peasant taking a loan from the unscrupulous moneylender with a thumbprint on a piece of paper he can't read. Asking the peasant for the terms of the deal is a useless exercise - he has no clue of how much the collateral is worth, what the interest rate is, and what plan he has to pay it back.

The only thing that matters is to understand is at what stage will Pakistan be willing to default on the CPEC deal and ask the Chinese to go take a hike. Till that point, the bleeding will continue.

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Re: Terroristan - October 8, 2018

Postby habal » 12 Oct 2018 11:18

such agreements are always drafted and signed by bureaucrats. Those very same bureaucrats will be serving today too, no fault of politicians in signing such lop sided deals.

the official hq of these bureaucrats is brazenly named as "the establishment" located in central Islamabad.

You can also fully expect that 100% of these bureaucrats are in constant contact 24x7 with ISI-MI hq just a few blocks away.

The politicians in pakistan just rubber stamp the decisions formulated by these bureaucrats and ISI nexus. Zardari, Nawaz and gang do not have any technical accumen to decide whether the bureaucrats are upto task or upto no good.

These bureaucrats along with ISI through selective leaks to media always keep politicians who may get wind of their machinations on the back foot.

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Re: Terroristan - October 8, 2018

Postby yensoy » 12 Oct 2018 11:50

^^^^ The bureaucracy, if there is one, has abdicated away its role to the Chinese. That is the big difference between CPEC and any hundreds of other instance of corrupt deals. In a typical deal, the bureaucracy holds on to the right to make plans, and then gifts away line items in the plan (a road here, a power station there) to the entities most willing to grease their palms. But it is unprecedented that even the power to make the master plan is given away. Nobody likes to relinquish that control - not even the likes of Sri Lanka, Nepal or Maldives.

China could be your closest friend or partner, but would you ask your closest friend to make your wife pregnant? That's basically what the Pakis have done.

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Re: Terroristan - October 8, 2018

Postby sudhan » 12 Oct 2018 14:20

I'm sure IMF will want to know why a country with a moth eaten economy wants to sink billions in cheeni subs, planes, helicopters and clone dlones..

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Re: Terroristan - October 8, 2018

Postby rhytha » 12 Oct 2018 14:30

yensoy wrote:China could be your closest friend or partner, but would you ask your closest friend to make your wife pregnant? That's basically what the Pakis have done.


:rotfl:

But this is a good opportunity for other countries where China is planning to include in CPEC to see where they will end up if they accept on the dotted line. With more and more problems cropping up in CPEC related projects, its going to be hard sell from now on. Malaysia is out, Thailand is out, hope Myanmar opts out too.

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 15:58

^^^
Malaysia, Thailand and Myanmar have the option to NOT accept Chini terms . Pakiland does not have that option. Malaysia, Thailand and Myanmar do not have a perpetual enemy , Pakistan does ( India) . Therefore , they are even willing to "sell" their country, to do an = = . The H& D factor, and the perpetual preservation of the military security state that is Pakistan ! And that is the difference here ! Without Chini "help", they are "friendless" !

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 16:09

For Pakistan's 13th IMF Bailout, Expect Tougher Conditions
Bloomberg News
Oct 12, 2018
By Kamran Haider, Faseeh Mangi, and Chris Kay

A regular client of the International Monetary Fund, investors are asking whether Pakistan’s 13th loan program since the late 1980s will finally break a cycle of financial crashes and bailouts.
“Their conditions will be tougher and we’ll have to pay the price,” said Nadeem Ul Haque, the ex-deputy chairman of Pakistan’s Planning Commission and a former economist at the IMF. “We’ve kept postponing solutions and not taking bold steps -- the cancer has been in the body since the 1960s.”
Pakistan has regularly failed to meet conditions attached to its previous IMF loans -- for example trimming spending and privatizing bloated state-owned corporations. The nation has only ever managed to successfully complete one IMF program, meaning it received all the disbursements as planned, on a $6.6 billion three-year facility that ended in 2016. Even then, a number of requirements, were relaxed.
The government is also being pressured by a domineering military that has made unprecedented statements about Pakistan’s economic quandary in the past year. Having directly governed the country for almost half its 71-year existence, the armed forces continue to control foreign policy and has been accused of engineering Khan’s rise to power through political and press repression. Along with debt servicing it also takes more than half the federal budget.

Military spending of course is a "sacred cow" - no touching there :mrgreen:
The army’s worries have increased after U.S. President Donald Trump cut military aid to Pakistan earlier this year. Trump raged that Pakistan was continuing to support terrorist groups.“Trump is no fan of Pakistan,” Charles Robertson, chief economist at Renaissance Capital in London, said in a report on Tuesday. “We heard in the summer that the IMF had already warned in 2016 that -- after being fairly generous to Pakistan during the last program –- if it was invited back, it would have to go hardcore with Pakistan.”

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 16:14

A Slightly Different Version Of "Honor Killing" !

Man kills ‘ex’ ahead of wedding
Oct 12, 2018

ATTOCK – A woman was shot dead at her wedding ceremony on Wednesday, allegedly by a man she had refused to marry.The victim, identified as Uzma Bibi, was engaged to her cousin Bilal Ahmed, her mother Shehnaz Bibi said.
Uzma and her family were at her in-laws’ house in Golra for the mehndi ceremony when she was shot by a man with a 9mm pistol, who said he was taking revenge for her refusal to marry him, Dawn News reported.
The shooter also warned others that he would also kill them if they attended the wedding. The suspect then escaped with the pistol, ( into Tribal Area :roll: ) and the victim bled to death.
Attock Saddar police have registered a case against the suspect under section 302 of the Pakistan Penal Code. :((

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 16:23

Romanian Mafia Invades Pakiland :twisted:

FIA arrest two, including Romanian citizen, for ATM fraud
Dawn
Oct 12, 2018

After an investigation conducted by the Federal Investigation Agency (FIA), two individuals from a gang —one Romanian citizen and one Pakistani — have been arrested on the charges of committing ATM fraud and stealing from people, FIA sources told DawnNews on Friday.The FIA source said that 130 ATM and credit cards were seized from the possession of the suspects.They added that laptops, cameras as well as a 1,000 'fake' ATM cards were also seized during the arrest.The FIA official said the suspects have stolen tens of millions of rupees from citizens. After stealing the money, the suspects would escape overseas.
The official said that other suspects from the gang will also be arrested soon.In January, the FIA had arrested six Chinese nationals for allegedly stealing data with skimming devices and illegally drawing cash from ATMs in Defence Housing Autho­rity and Abdullah Haroon Road near Zainab Market in Karachi.In February, a judicial magistrate indicted Chinese national Xu Zhoping — also arrested in January —in a case pertaining to identical allegations of stealing data and illegal cash withdrawals from an ATM facility of a private bank in the Bahadurabad area of Karachi.

Slim pickings in Bucharest and Shanghai. Rich harvest in Krachi :mrgreen:

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 16:26

Image

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Re: Terroristan - October 8, 2018

Postby Peregrine » 12 Oct 2018 16:42

Falijee wrote:"Coming Clean " Time For Pakiland :mrgreen:

For IMF Help, Pakistan Might Will Have to Disclose Its China Debts
WSJ- By Josh Zumbrun and
Saumya Vaishampayan ( RAA? ) Oct 11, 2018
Falijee Ji :

AAP KI SEVA MEIN PRUSTOOT HAI

For IMF Help, Pakistan Might Have to Disclose Its China Debts - Josh Zumbrun and Saumya Vaishampayan

Pakistan has been the largest recipient of funding under Beijing’s ambitious Belt-and-Road Initiative

BALI, Indonesia—International Monetary Fund Managing Director Christine Lagarde said a bailout deal with Pakistan would require “absolute transparency” of its debts, many of which come fromChina’s landmark Belt-and-Road initiative.

China started a $62 billion investment program in Pakistan three years ago to build roads, power plants, a port and other infrastructure. It is financed by Pakistani debt or obligations to buy electricity from the new Chinese power plants. The details of the deals haven’t been made public.

“In whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, terms of the debt that is bearing on a particular country,” Ms. Lagarde said Thursday at the IMF and World Bank Group annual meetings in Bali.

She added that the IMF needs to understand the extent of the position of all of Pakistan’s debt, including lending from sovereign governments and from state-owned enterprises, so that officials can determine its debt sustainability.


Video : Why China and U.S. Are Vying for Dominance in Pakistan

In Pakistan, China and the U.S. are clashing over China’s One Belt, One Road initiative. To understand what’s at stake, it helps to take a look at why China is in Pakistan in the first place.

Her statements indicate Pakistan could be forced to disclose the full extent and terms of Chinese lending it has received in recent years, as part of Pakistan’s participation in China’s vast global infrastructure-spending program.

An official in Pakistan’s Ministry of Finance said that Pakistan is fully compliant with internationally accepted debt-reporting standards, adding that “there are no debt secrets.”

Pakistan’s new prime minister, Imran Khan, who took office in August, says Pakistan needed $10 billion to $12 billion for what he described as a short-term financial crunch that should pass in the next six months. He blames the previous government for taking on too much debt.

“We will think 10 times before taking on more debt,” Mr. Khan told his cabinet Thursday during a televised meeting in Islamabad. “We’ve been taking on loans to pay back previous loans.”

He has asked ministers for a report on what the debt taken over the past 10 years had been spent on and told them future loans must generate sufficient returns to repay them.

Beijing’s spending binge in Pakistan and elsewhere has emerged as a flashpoint in its tensions with Washington.

Washington has accused Beijing of “debt-trap diplomacy” by lending countries money to pay Chinese companies to build infrastructure that the recipients can’t afford.

U.S. officials and lawmakers have said they don’t want taxpayer money, funneled through the IMF, to end up funding a bailout of China. But it is unclear how IMF money can be ring-fenced.

Christine Lagarde, head of the International Monetary Fund, pictured in meetings in Bali, Indonesia, on Oct. 11
.
Pakistan Finance Minister Asad Umar formally requested IMF assistance Thursday to deal with the country’s ballooning trade deficit and falling currency during a meeting with Ms. Lagarde in Bali.

The formal request kicks off a process that typically takes at least a month before a loan can be disbursed.

Ms. Lagarde said an IMF team would visit the Pakistani capital of Islamabad in coming weeks to begin negotiating the terms.

The IMF staff will establish the conditions Pakistan must meet to remain eligible. Then the bailout must be approved by the IMF’s executive board.

The U.S. has by far the largest voting stake on the IMF’s board, enabling it to exert influence on IMF loans when it chooses, but it doesn’t have a veto.

While Mr. Khan’s administration has been careful to say it supports the Chinese program, it also has quietly started a reassessment of it.

On Thursday, Mr. Khan singled out a $1.6 billion loan taken from China to build a metro rail service for the eastern city of Lahore. Mr. Khan said it “isn’t creating wealth but creating a deficit.”

Mr. Khan, who had vowed in the past to rid Pakistan of its dependence on Western financing, had been resisting an IMF program, with officials suggesting the country could make up its financial shortfall by getting funds from allied countries—Saudi Arabia, the United Arab Emirates and China—together with issuing bonds. But, with the markets spooked by this alternative plan, Pakistan announced Monday that it would seek a bailout from the IMF.

Pakistan says it is still talking to those three countries about a cash injection, but that hasn’t materialized so far.

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 17:07

Signs of bad times ahead?

Lavy hydropower project: Unpaid Chinese contractor threatens to stop work

The Chinese contractor building the 69MW Lavy hydropower project in Khyber Pakhtunkhwa has served the provincial government 14 days’ notice that it would halt work if not paid the money it is owed by the Pakhtunkhuwa Energy Development Organization (PEDO).
In an October 5 letter to the Lavy project director Naimat Khan, the Sichuan-Sarwar-Silian-Chongqing Luyang Joint Venture complained that the PEDO had failed to pay for work duly certified as complete by its engineers within the time period stipulated by their contract. Due to the delayed cash flow, the contractor said it would be unable to meet further construction deadlines for the project.
It also claimed compensation for lost profits caused by the delay, as provided for in the contract.
The PEDO chief executive Syed Zain Ullah Shah described the development as a “routine matter” :shock:
The Lavy hydropower project, located in district Chitral, is being built at cost of more than Rs20 billion. It is scheduled to be commissioned in November 2021. So far, about 11 percent of the project has been built, Shah said.


https://www.thenews.com.pk/print/379740 ... -stop-work

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 17:10

US sees Chinese debt responsible for economic woes in Pakistan

The United States early on Friday said that the huge Chinese debt responsible for the economic challenges in Pakistan, adding that it will review government's bailout plea to the IMF from all angles, including the country's debt position.
The State Department response on Pakistan's IMF bailout request appeared to be in sync with the statement made by IMF Managing Director Christine Lagarde.


https://www.thenews.com.pk/latest/37984 ... nsible-for

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 17:12

Toyota Pakistan stops taking orders after rupee depreciation

The Indus Motor Company has stopped taking orders due to the recent depreciation in Pak rupee's value, which, according to the company has resulted in substantial cost increase of units.


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The rupee weakened against the dollar in the interbank market on Thursday. The rupee closed at 133.80 against the dollar, compared with the previous closing of 133.76.


https://www.thenews.com.pk/latest/38000 ... preciation

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 17:21

Remember djinnah's "you are free to ....!!!" mantra?

CJP takes notice of encroachment over property of Hindu Community in Sindh

The notice was taken on a video of Prof. Dr. Bhagwan Devi w/o Prof. Dr. Baghwan Das viral on social media, alleging that her lands and properties are being encroached by land mafia by force.
Bogus power of attorneys are being prepared in the upper Sindh, due to which the Hindus feel insecure, said a press release.
Many Hindus are leaving and migrating to other countries and many others are preparing to sell their properties and leave, the lady professor stated in the video.
She further alleged that the federal and provincial governments are reluctant to take action in this regard.


Is this Prof DR. Bhagwan Das the same as the ex-chief justice of bakistan who passed away in 2015?

https://www.thenews.com.pk/latest/38001 ... y-in-sindh

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Re: Terroristan - October 8, 2018

Postby anupmisra » 12 Oct 2018 17:28

Inspectors not impressed with work done on FATF list
Was there ever a doubt?

Not impressed with the progress made so far, a delegation of the Asia Pacific Group (APG) has asked Pakistan to do more and get its house in order so that it may get out of the grey list of the Paris-based Financial Action Task Force (FATF).
Apparently the group members found the legal framework insufficient, and the institutional arrangements weak. According to sources, the delegation feared that the set-up installed for scrutinising the activities of non-profit organisations, brokerage houses, exchange companies and donations of corporate entities — registered under the companies act — was not robust enough.
the implementation mechanism was not geared to track down financial flows of the entities in question
This weakness was prominent in real estate brokerages where large business transactions remained outside the ambit of legal records.
The APG also noticed shortcomings in commodity trading — and the effectiveness of laws against money laundering through cross-verification of service providers.
The authorities would also have to properly record the number of donation boxes placed by religious and other organisations at restaurants and business centres among other places.
Besides, all currency and real estate dealers would have to record every transaction — both small and large.
The successful implementation of the plan and its verification by the APG is a prerequisite for the FATF to remove Pakistan from its grey list.


https://www.dawn.com/news/1438240/inspe ... -fatf-list

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 17:42

US Says That It Will "Intervene" In IMF Loans To Pakistan :mrgreen:

US sees Chinese debt responsible for economic woes in Pakistan
The News International
Oct 12, 2018

WASHINGTON: The United States early on Friday said that the huge Chinese debt responsible for the economic challenges in Pakistan, adding that it will review government's bailout plea to the IMF from all angles, including the country's debt position.
During a press conference,the State Department spokesperson Heather Nauert said; "We understand that Pakistan has formally requested assistance from the International Monetary Fund (IMF). In all cases, we examine that closely from all angles of it, including Pakistan's debt position, in evaluating any type of loan programme," adding this is something the United States has been tracking fairly closely.
Pakistan cannot have it both ways . Feed on US Taxpayer monies and ally itself with China !
Responding to a question, Nauert said; "The secretary had spoken about this a few months back, I know, in some interviews not that long ago. I think part of the reason that Pakistan found itself in this situation is Chinese debt, and the fact that there is debt that governments have incurred that they maybe thought wouldn't be so tough to bail themselves out of, but has become increasingly tough."
The State Department response on Pakistan's IMF bailout request appeared to be in sync with the statement made by IMF Managing Director Christine Lagarde.
The IMF’s Managing Director, Christine Lagarde, has confirmed that Pakistan requested financial assistance from the IMF to help address the country’s economic challenges and the Fund would be sending its team to Islamabad in coming weeks to initiate discussions for possible package.
To a questions on this issue in Bali, Indonesia, Lagarde said she would require absolute transparency on Pakistan's debts, including those owned by China.

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Re: Terroristan - October 8, 2018

Postby Vips » 12 Oct 2018 17:51

Vikas wrote:^ Maybe they have no files or document.
What if the Pakis have signed nothing on paper and like so many others, have given only verbal assurances to Chini 'Iron' brother.


The Chinese are not foolish to go by verbal assurances of Pakis. They think 4 steps ahead of others. Their modus operandi in investing massive/disproportionate capital in weak economies is for them to enforce the underlying agreements to take over strategic assets in those countries in case of default which is inevitable.

Pakistan has willingly signed most of the agreements. They only baulked at and refused to sign for investments made in constructing multi billion $ dams as the condition was in case of default in making the payments, china would end up owning the Dams (Source of water for entire Porkistan).

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Re: Terroristan - October 8, 2018

Postby Vivasvat » 12 Oct 2018 18:10

Falijee wrote:Paki Rhona Dhona About India's Defence Expenditures :mrgreen:

India's massive military buildup poses direct threat to National Security of Pakistan
Oct 11, 2018

When are they going to reach their breaking point, like the erstwhile Soviet Union during Reagan era :twisted:

The Soviet Union did not have Camel, Dragon and Eagle mai baap to milk.

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Re: Terroristan - October 8, 2018

Postby saip » 12 Oct 2018 19:30

Vikas wrote:^ Maybe they have no files or document.
What if the Pakis have signed nothing on paper and like so many others, have given only verbal assurances to Chini 'Iron' brother.

Actually there may be. Look at Pakistan. There is only one entity that is constant while the governments have changed. The 800 pound gorilla, the Army. I think they are the ones that have all the answers. The civilians who signed the 'contracts' I do not believe were even shown them.

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Re: Terroristan - October 8, 2018

Postby Manish_P » 12 Oct 2018 19:52

anupmisra wrote:Inspectors not impressed with work done on FATF list
Was there ever a doubt?


The inspecting team:

The visiting team included Ian Collins of the United Kingdom’s Scotland Yard, James Prussing of the United States Department of the Treasury, Ashraf Abdullah of the Financial Intelligence Unit of the Maldives, Bobby Wahyu Hernawan of the Indonesian Ministry of Finance, Gong Jingyan of the Peoples Bank of China and Mustafa Necmeddin Oztop of the Turkish Ministry of Justice.


Nearly all the full and half fathers represented.

Looks like the inspector was the King Khan guy while the rest were just sympathetic sepoys

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Re: Terroristan - October 8, 2018

Postby Raman » 12 Oct 2018 20:21

anupmisra wrote:The PEDO chief executive Syed Zain Ullah Shah described the development as a “routine matter”


Man who comes up with these acronyms: PISS, RANDI and now PEDO??

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Re: Terroristan - October 8, 2018

Postby Falijee » 12 Oct 2018 20:54

Saquib Is In The Saddle So There Should Be "No Problem" For Immy On This "Petition" :mrgreen:

SC to hear review petition seeking disqualification of PM Imran Khan on Oct 18
Oct 12, 2018

ISLAMABAD – The Supreme Court on Friday set the date to hear a review petition filed by incarcerated Pakistan Muslim League Nawaz’s (PML-N) Hanif Abbasi seeking disqualification of Prime Minister Imran Khan over non-disclosure of assets and ownership of offshore companies.A three-member special bench of the SC headed by Chief Justice Mian Saqib Nisar ( The "Dam Guy" in charge of the "Bench" !) will hear the case on October 18 (Thursday).
The court had ruled earlier that Khan was not liable to declare offshore company Niazi Services Ltd in his 2013 nomination papers as he was not a shareholder or director of the company.The court also said that PM Khan provided sufficient money trail vindicating his claims of Bani Gala property’s purchase price.Abbasi had filed the petition in November last year.

If Immy has been declared so called Sadiq And Ameen in spite of siring child out of wedlock, promiscuous "love life" of the past, sexting and other details of his private life , as put out in Reham's Book, and yet nothing has come out of it , what are the chances that this small detail of "not providing sufficient money trail for his property" , is going to "remove him " . Big Zero IMO :twisted:

PS: He will be disqualified as and when he crosses the Red Lines Of The Deep State . Then "nothing" can save him :mrgreen:

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Re: Terroristan - October 8, 2018

Postby SBajwa » 12 Oct 2018 20:59

mappunni wrote:Happened to listen to a Desi Radio Station in Dallas during my drive back home yesterday and it happened to be the Immigration lawyer hour and when I heard the question being asked, I slammed my brakes.

The question is about marrying 1st cousin :(( :(( and apparently there are laws in many states in the US that do not allow that and this Porkistani asked if could continue to live in Texas and the lawyer answered he could not since it was against Texas law to marry the 1st cousin.

Pakistani showing off his Pakistaniyat marrying his 1st cousin. Can never straighten a dogs tail !! :mrgreen: :mrgreen:


Image

Maroon states means it is a criminal offense to marry first cousins
Red states are where marriage to first cousin is banned.
Only light blue and dark blued are allowed (with some exceptions)


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