How Sharifs looted Pakistan: Foreign Exchange Debts

[crankthatskunk]

We have heard how Shahbaz Butt has created 56 companies to run Punjab government department. The companies were outside of the remit of Punjab budget and were never either audited or were under the formal government of Punjab control. They were in direct control of Shahbaz Sharif.
No wonder Shahbaz has run away to London. He would not come back in foreseeable future.

Now Sami Ibrahim reveals that Dar was playing the same game with the Foreign Exchange.
He formed limited companies, taken dollar loans through these companies by giving Sovereign guarantees, thus making State of Pakistan liable for the debt rather than the limited companies.

These loans were never had been the part of the budgets, never declared to Pakistani public and never declared in "Trade and Current Account Deficit".

Now the same crooks are trying to blame PTI and IK that they have caused the foreign currency crisis in Pakistan. These Debt is over $30 Billion. Pakistan has to pay this debt.
Now those crooks who try to blame PTI and IK should understand that the real foreign debt left by PMLN is far more than what is revealed in the official figures by them.

 

[crankthatskunk]

Hahaha
Time to kick Niazi out

When did you last visited your psychiatrist !!! Call them immediately, you need to consult him/her immediately.

 

[crankthatskunk]

Imram Niazi and youthiaz need psychatrist

Any answer for Dar and Butts treachery, why they looted Pakistan by using limited companies and hiding the debts from Pakistanis by not showing them in the Budgets!!

 

[SIPRA]

Any answer for Dar and Butts treachery, why they looted Pakistan by using limited companies and hiding the debts from Pakistanis by not showing them in the Budgets!!

They did, all what they did, because it benefited them and they knew that they are going to get away with it. Both things are coming to be true. As simple as that.

 

[maximuswarrior]

As long as Godfather Noora is in a cell I am all fine. Godfather Noora needs to pressed to return looted wealth.

 

[Path-Finder]

Imram Niazi and youthiaz need psychatrist

what about tooi and its phand/merasi following? they have been at it for 30 years making their mians tooi fat with haram lipids. they must be first at the psychiatrist office. same is true for phutto party with 50 years of dhari-ism

 

[CriticalThought]

We have heard how Shahbaz Butt has created 56 companies to run Punjab government department. The companies were outside of the remit of Punjab budget and were never either audited or were under the formal government of Punjab control. They were in direct control of Shahbaz Sharif.
No wonder Shahbaz has run away to London. He would not come back in foreseeable future.

Now Sami Ibrahim reveals that Dar was playing the same game with the Foreign Exchange.
He formed limited companies, taken dollar loans through these companies by giving Sovereign guarantees, thus making State of Pakistan liable for the debt rather than the limited companies.

These loans were never had been the part of the budgets, never declared to Pakistani public and never declared in "Trade and Current Account Deficit".

Now the same crooks are trying to blame PTI and IK that they have caused the foreign currency crisis in Pakistan. These Debt is over $30 Billion. Pakistan has to pay this debt.
Now those crooks who try to blame PTI and IK should understand that the real foreign debt left by PMLN is far more than what is revealed in the official figures by them.

This does not add up. It could not have been done without collusion of State Bank. Although Ishaq Dar has run away, the bank officials haven't. Furthermore, if loans have been obtained through such means, the Government of Pakistan can declare them void because of corruption and falsely misusing State Bank's identity. The lenders can go to Ishaq Dar and ask their money back.

 

[Peaceful Civilian]

what about tooi and its phand/merasi following? they have been at it for 30 years making their mians tooi fat with haram lipids. they must be first at the psychiatrist office. same is true for phutto party with 50 years of dhari-ism

Can't blame PMLN. Their behind is on fire Now. Nawaz seal is confirmed for 7 years in prison. And everybody knows he is not going to Survive in prison.
Anyway, you will find same Commonality in PMLN supporters , you will never find logic in their reply. Let them slave of them.They deserves this.

 

[CriticalThinker02]

Can't blame PMLN. Their behind is on fire Now. Nawaz seal is confirmed for 7 years in prison. And everybody knows he is not going to Survive in prison.
Anyway, you will find same Commonality in PMLN supporters , you will never find logic in their reply. Let them slave of them.They deserves this.

The problem is the rest of us will also suffer because of their slavery.

 

[crankthatskunk]

This does not add up. It could not have been done without collusion of State Bank. Although Ishaq Dar has run away, the bank officials haven't. Furthermore, if loans have been obtained through such means, the Government of Pakistan can declare them void because of corruption and falsely misusing State Bank's identity. The lenders can go to Ishaq Dar and ask their money back.

I think you probably didn't pay attention, Sami said that the recently removed Gov State Bank of Pakistan was involved with Dar, he knew, but hidden it from the people of Pakistan.
Remember he had been removed on the suspicions he was passing the information to Dar on Govt's steps taken recently.

On second question, they have given Sovereign guarantees, making State of Pakistan responsible. As PM and Finance Minister, State of Pakistan is unfortunately responsible for their crimes, so we cannot get out of it by just declaring it illegal. The Creditors are not stupid that they would given $32 billion without securing it.
They have also given almost all Pakistani assets as collateral for the loans. In other words they had make sure that they screwed Pakistan good and proper.

 

[Crystal-Clear]

Any answer for Dar and Butts treachery, why they looted Pakistan by using limited companies and hiding the debts from Pakistanis by not showing them in the Budgets!!

answer . he is a patwari . khotey jawab ni detey :p

 

[Yaseen1]

economic policy is different from accountability ,govt is mixing accountability and corruption with economic policies which is destroying our economy everyday and will eventually lead to the point from where return to normal position will become impossible.economy cannot run on speculation of recovery of looted wealth as it is uncertain matter

 

[crankthatskunk]

economic policy is different from accountability ,govt is mixing accountability and corruption with economic policies which is destroying our economy everyday and will eventually lead to the point from where return to normal position will become impossible

Excuse me!! Are you trying to say what I understand you are saying that it is economic policy to form Limited Companies and make their borrowing State's borrowing by giving sovereign guarantees. And hiding it from the nation, whose would be responsible to pay off the debt!!!
Was it their personal debt that they have hidden it!!
I think Pakistan should deal with people like you first, before dealing with the criminals Dar And Butts. You are among the people who are equally responsible for destruction of Pakistan. In any other country, Dar, Butts, Zardari etc would be in jail for life and nobody would be standing with them.

 

[Yaseen1]

i am not standing with them nawaz is already in jail but result is zero ,if this is so much easy to recover looted wealth who is stopping govt and establishment to recover this wealth as we need it more now than at anytime in past.I live in reality and not in fools paradise and dreams which cannot be fulfilled

Excuse me!! Are you trying to say what I understand you are saying that it is economic policy to form Limited Companies and make their borrowing State's borrowing by giving sovereign guarantees. And hiding it from the nation, whose would be responsible to pay off the debt!!!
Was it their personal debt that they have hidden it!!
I think Pakistan should deal with people like you first, before dealing with the criminals Dar And Butts. You are among the people who are equally responsible for destruction of Pakistan. In any other country, Dar, Butts, Zardari etc would be in jail for life and nobody would be standing with them.

 

[FOOLS_NIGHTMARE]

Just like a dog chasing its tail really this chor chor mantra is actually getting very boring. Maybe it is tool to keep the spirits high for the PTI supporters. I remember in the 90s PPP supporters dwelled on the same recipe.When people have nothing to achieve they blame their parents!!!!

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