molson4u
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"Deliverance can only stop Martial Law and not the trial of former dictator Parveez Musharraf " stated Major General Athar Abbas ex DG ISRP in a TV talk show. On the contrary the politicians conviction, a security guard can't takeover the house doesn't matter what. He is just paid to guard to protect us say Zafar Ali Shah. Are you serious, doesn't matter what??? even if in the house, my brother borrows billions in my name that I have to repay and the stolen billions make castles in foreign lands, all without my knowledge? I don't think so. Its the same reason some of us do want Pakistan Army to monitor over those who are track record of being crooks and real traitors of the nation and here is why?
In 2008-13 saw when PPP took over governance with foreign reserves of US 12.4 billion dollar according to the State Bank statements dated April11th, 2014. The best year for FX reserve in Pakistan was 2006 when the reserve reached US15.4 billion dollars.The next 5 years saw the worst governance example after Somalia. PPP governments failure to deliver the basic needs to public sent Zardari family back to Sindh. PPP blamed its bad governance on poor economic conditions, lack of resources and terrorism but literally, Pakistan saw the worst flee of capital causing US dollar to Rs.95.
Ironically, the State Bank of Pakistan says that Pakistan held highest levels of US dollar reserves under Zardari government. You don't have to believe me, just look at the Pakistan FX reserve report. ( link provided in the source)
State Bank FX reserve statement April 11th, 2014
YEAR US Billions
2008-09 12.4
2009-10 16.7
2010-11 18.2
2011-12 15.2
2012-13 11.0
2014-April 9.8
YEAR US Billions
2008-09 12.4
2009-10 16.7
2010-11 18.2
2011-12 15.2
2012-13 11.0
2014-April 9.8
With US12.4 billions in reserve left by Musharraf regime, Zardari government, in Nov 2008, requested IMF for $7.2 billion standby agreement which is kind off a line of credit. Before its expiry in Dec30, 2010. Pakistan withdrew 4.9 billion according to number reported by IMF.
Really, Pakistan had US 18 billion in the banks in 2010 and people were without electric power? Remember people ransacked WAPDA houses, burnt transformers, public unrest was on the streets, public destroying government and public properties costing million in damages, students education was gravely impacted, worker lost jobs because Government of Pakistan couldn't pay circular debt of 5 billion. People lived under hazardous condition of extreme heat, mostly without power 14-18 hours causing factories to close, additionally creating billions in financial losses.
Reserves of foreign exchange and gold (US$)
During this period, 2008-2011, media reported worst flee of capital, industrialist taking manufacturing facilities overseas causing alarming unemployment in Pakistan.The nation went through agonizing pain and PPP answered " Treasury Is Empty". State Bank of Pakistan reports, Pakistan had record FX reserves US 18.2 billion in the banks in years 2010-11. Mind wonders, why then US dollar went from 62 rupees to 98 rupees with so much FX dollar reserves with State and public banks? Something smell fishy.....where did the money go? Let's see...
Noteworthy are year 2011-2013, when, a large chuck, US 7.2 Billion, more then borrowed from IMF, vanished instantly from Pakistan FX reserves. Yes ladies and gentleman, Rs. 7200 crores in 2 years gone with the wind and shared by those politicians, who prided, corruption is our right because PPP sacrificed for democracy. These are the people, public trusted over "security guards". Every minister looted, every MNA of PPP looted and every department looted. Government Ministers admitted in SC waking up with 2 crore in their bank accounts without knowledge and corruption agents like Tuqeer Saqqid charged and brought back for 3000 crore fraud none recovered. If Raja rental looted in rental scams then Galani looted Agricultural Bank. Haji, Steel Mill, PIA, Insurance, Stock Market scandals.....40 cases were registered on different leaders of PPP government for maga corruption.
Yes we were promised by PLMN leadership, once elected, we will have rope in the neck of "Ali Baba and 40 Thieves". We were promised that all money looted by PPP from treasury will be brought back.Yes we all were promised. Almost a year in the Government of PLMN, no action has been taken. Cases are stayed, muted or investigation officer are sent on leave. Not a single conviction. This is Muk Muka ladies and gentleman.
Why PPP financial crimes will not be prosecute? Zardari family never moved any case against Sherif family in their 5 years, now Sherif family will return favor to Zardari family. With " Misaka Corruption" signed in London, both families have agreed to rule and loot systematically, appoint National Accountability Bureau chairman of their choice. They are free in get loan in our names, print money in our name while building empires for their families. The best part has yet to come, once our suffering ends our children and grand children have to pay the money back and we have to keep vote them in power so we can say, we love democracy. Knowing they never give State of Pakistan or Pakistani public anything other than false promises which don't cost a cent let alone a dollar.
Equally responsible are those political leaders who witness the biggest robbery of Treasury in Pakistani history and stayed muted. TO ME, MUTENESS ON BILLIONS OF DOLLARS CORRUPTION WAS MUTINY WITH THE STATE OF PAKISTAN. I don't know about you but if I have to work hard to pay the debt someone else borrowed in my name, honestly contrary to political conviction, I don't mind if " security guard" we hired to protects our house, putts those crooks on a gun point, have them sign all bank accounts and sale papers of their foreign assets and hang them for public viewing. Once billions recovered, Pakistani treasury can pay national debt and a future elected government formed under genuine fair and free election provides electricity and much needed economic growth to Pakistan. In short, If looting of the national treasury is not stopped and people are not delivered sigh of relief, Martial Law is inevitable in Pakistan.
Source:AN EYE ON PAKISTAN
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