Shahbaz Sharif says ‘looted money’ will be retrieved

[HassanMir]

Shahbaz Sharif says ‘looted money’ will be retrieved.

Does this include Nawaz, Shahbaz and N league?

 

[Edevelop]

Govt won’t indulge in corruption nor let anyone do it: Nawaz

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) President and prime minister-designate Mian Nawaz Sharif has said that his government would neither indulge in corruption nor would it allow corrupt practices.

Addressing the PML-N parliamentary party meeting on Saturday, Nawaz said, “Let us make a promise that we will not tolerate corruption in the country.”He also announced his government will hold looters and plunderers of the national exchequer accountable.

Earlier, the PML-N formally nominated Nawaz Sharif for the slot of prime minister. PML-N senior leader Chaudhry Nisar Ali Khan proposed the name of Nawaz Sharif for Leader of the House in the National Assembly at the party’s parliamentary party meeting held in the committee room of the Parliament House prior to the start of the inaugural session of the 14th National Assembly.

Later, the parliamentary party again met after the session at the Punjab House and nominated Sardar Ayaz Sadiq for the position of the National Assembly Speaker and Murtaza Javed Abbasi as Deputy Speaker.

Addressing the meeting prior to the NA session, Nawaz Sharif said that putting the economy on the right track would be his number one priority, saying that the poor condition of the national economy was the root cause of problems like poverty, unemployment and terrorism. “We are facing economic instability in the shape of various serious crises like loadshedding, poverty, unemployment and terrorism,” he added.

Nawaz also pledged to break the begging bowl, saying that his government would get economic independence. “Instead of carrying the begging bowl, we will have to stand on our own feet. We will have to be economically independent, as a beggar gets no respect,” he maintained.

He maintained that theywould implement the Charter of Democracy and his government would move forward by setting its priorities in the right direction.The PML-N president thanked Allah Almighty for saving his party from bargaining to form a government in the Centre. “I thank Allah Almighty that we enjoy a majority in the National Assembly and we do not have to indulge in bargaining to form the government,” he said.

He said that he might have preferred to sit in the opposition if he had to form a government based on bargaining. “You should know that Allah Almighty has chosen us to do some big task and serve the national interest,” he said, adding that they would have to come up to the expectations and hopes of the masses.

Nawaz Sharif regretted that over 40,000 Pakistanis had been martyred and the country suffered losses of billions of rupees (in the war against terror), saying that his government would have to adopt a serious attitude to correct national policies.

APP adds: Nawaz Sharif said that the new government would be facing a crisis-like situation and stringent measures would have to be taken to meet the challenges. He said the government needed Rs550 billion to get rid of the circular debt, without which the power loadshedding could not be ended.

He said that billions of rupees were being wasted due to line losses and the government would have to adopt strict and transparent policies to tackle the energy situation. He asked the members not to lobby for offices. “We do not need to exercise politics for the sake of politics, rather we will have to hold the corrupt accountable.

The meeting was attended by the members-elect of the National Assembly from the PML-N.Earlier, talking to reporters after landing at the Islamabad airport, Nawaz Sharif said that a peaceful transition of government was possible due to his party’s contributions for democracy and the nation’s struggle for a parliamentary system.

He said that he was thankful to the nation which played a pivotal role on May 11 in the transition of power in a peaceful and democratic manner.“I pray for a peaceful transition of governments which should come and go in a civilised manner as the peaceful transition manifests in civilised behaviour,” he said.

Nawaz Sharif said that he considered himself, his party and the nation fortunate for having played their parts in this democratic struggle.“I must laud the nation for its role on May 11,” he added.

Govt won

 

[Chak Bamu]

Apparently his children, or at least his daughter seems to have inherited her father's go get attitude.

Last time she wanted Cake, had the poor bakery boy beaten up; and then she sent her husband to face trial.

@Fracker be a sweet heart, please do educated us all, as to what happened to that case. Who was punished ?

Please find a similar example of (admittedly flawed) accountability from any other province in Pakistan. Until you do, let us do GUZARA with whatever we have got.

 

[Jungibaaz]

For once I may believe that this is their intention.
Primarily because they have already looted the nation before, it's not that I trust them.

Do be perfectly honest, if I had power, I'd send them to court.
And if found guilty, no amnesty. They'd be hanged.

 

[Chak Bamu]

Nawaz and Shabaz stole $6 billion dollars from the treasury over a period of 10 years.

Will they return this also?

Any credible Source?

The PML way of doing things is building functional projects, buy real estate that would get a boost with the completion of project, skim a few percent by awarding contracts to favorite contractors, and get credit for having done something that people can see. The treasury is usually left alone. That is why it was not possible to convict most of them.

 

[Peaceful Civilian]

 

[Chak Bamu]

pehlay to upna hisaab chukta karain phir daykhi jaay gi. these are technical cheats who play with the system. taking billions in loans then declaring bankruptcy and handing over assets worth millions only.. if they ever wake up from the kind of justifications they build around their wrongdoings, they'll get a heart attack!!

Granted they are technical cheats and some of us understand the extent. But if you are talking about Ittefaq foundry, then please think again. BB's government made sure that it went out of business. If you have been to Lahore and seen the rusting hulk of this vast industrial complex, you would understand that the real estate is probably worth the money for which it was pledged.

 

[Jungibaaz]

Any credible Source?

The PML way of doing things is building functional projects, buy real estate that would get a boost with the completion of project, skim a few percent by awarding contracts to favorite contractors, and get credit for having done something that people can see. The treasury is usually left alone. That is why it was not possible to convict most of them.

Free Cloud Storage - MediaFire

First item:

^^^Page 88 Onwards, under the heading 'Pakistan'

Nawaz Sharif Family

Corruption and criminality run from the top down, with the political class constantly looting the national treasury and distorting economic policy for personal gain. Bank loans are granted largely on the basis of status and connections. The rich stash much of their money abroad in those willing western coffers, while exhibiting little inclination to repay their rupee borrowings. Pakistan’s recent history has been dominated by two families—the Bhuttos and the Sharifs—both merely tolerated by the military, the real power in the country. When it comes to economic destruction, there’s not a lot of difference among the three.

Pages 82-85 of the book cover the section on Nawaz Sharif: While Benazir Bhutto hated the generals for executing her father, Nawaz Sharif early on figured out that they held the real power in Pakistan. His father had established a foundry in 1939 and, together with six brothers, had struggled for years only to see their business nationalized by Ali Bhutto’s regime in 1972. This sealed decades of enmity between the Bhuttos and the Sharifs. Following the military coup and General Zia’s assumption of power, the business—Ittefaq—was returned to family hands in 1980. Nawaz Sharif became a director and cultivated relations with senior military officers. This led to his appointment as finance minister of Punjab and then election as chief minister of this most populous province in 1985. During the 1980s and early 1990s, given Sharif ’s political control of Punjab and eventual prime ministership of the country, Ittefaq Industries grew from its original single foundry into 30 businesses producing steel, sugar, paper, and textiles, with combined revenues of $400 million, making it one of the biggest private conglomerates in the nation. As in many other countries, when you control the political realm, you can get anything you want in the economic realm.

With Lahore, the capital of Punjab, serving as the seat of the family’s power, one of the first things Sharif did upon becoming prime minister in 1990 was build his long-dreamed-of superhighway from there to the capital,Islamabad. Estimated to cost 8.5 billion rupees, the project went through two biddings. Daewoo of Korea, strengthening its proposals with midnight meetings, was the highest bidder both times, so obviously it won the contract and delivered the job at well over 20 billion rupees.

A new highway needs new cars. Sharif authorized importation of 50,000 vehicles duty free, reportedly costing the government $700 million in lost customs duties. Banks were forced to make loans for vehicle purchases to would-be taxi cab drivers upon receipt of a 10 percent deposit.Borrowers got their “Nawaz Sharif cabs,” and some 60 percent of them promptly defaulted.This left the banks with $500 million or so in unpaid loans. Vehicle dealers reportedly made a killing and expressed their appreciation in expected ways. Under Sharif, unpaid bank loans and massive tax evasion remained the favorite ways to get rich. Upon his loss of power the usurping government published a list of 322 of the largest loan defaulters, representing almost $3 billion out of $4 billion owed to banks. Sharif and his family were tagged for $60 million. The Ittefaq Group went bankrupt in 1993 when Sharif lost his premiership the first time. By then onlythree units in the group were operational, and loan defaults of the remaining companies totaled some 5.7 billion rupees, more than $100 million.

Like Bhutto, offshore companies have been linked to Sharif, three in the British Virgin Islands by the names of Nescoll, Nielson, and Shamrock and another in the Channel Islands known as Chandron Jersey Pvt. Ltd. Some of these entities allegedly were used to facilitate purchase of four rather grand flats on Park Lane in London, at various times occupied by Sharif family members. Reportedly, payment transfers were made to Banque Paribas en Suisse, which then instructed Sharif ’s offshore companies Nescoll and Nielson to purchase the four luxury suites.

In her second term, Benazir Bhutto had Pakistan’s Federal Investigating Agency begin a probe into the financial affairs of Nawaz Sharif and his family. The probe was headed by Rehman Malik, deputy director general of the agency. Malik had fortified his reputation earlier by aiding in the arrest of Ramzi Yousef, mastermind of the 1993 World Trade Center bombing. During Sharif ’s second term, the draft report of the investigation was suppressed, Malik was jailed for a year, and later reportedly survived an assassination attempt, after which he fled to London. The Malik report, five years in the making, was released in 1998, with explosive revelations:

The records, including government documents, signed affidavits from Pakistani officials, bank files and property records, detail deals that Mr. Malik says benefited Mr. Sharif, his family and his political associates:
At least $160 million pocketed from a contract to build a highway from Lahore, his home town, to Islamabad, the nation’s capital.
At least $140 million in unsecured loans from Pakistan’s state banks.
More than $60 million generated from government rebates on sugar exported by mills controlled by Mr. Sharif and his business associates.
At least $58 million skimmed from inflated prices paid for imported wheat from the United States and Canada. In the wheat deal, Mr. Sharif ’s government paid prices far above market value to a private company owned by a close associate of his in Washington, the records show. Falsely inflated invoices for the wheat generated tens of millions of dollars in cash.

The report went on to state that “The extent and magnitude of this corruption is so staggering that it has put the very integrity of the country at stake.” In an interview, Malik added: “No other leader of Pakistan has taken that much money from the banks. There is no rule of law in Pakistan. It doesn’t exist.”

What brought Sharif down in his second term was his attempt to acquire virtually dictatorial powers. In 1997 he rammed a bill through his compliant parliament requiring legislators to vote as their party leaders directed. In 1998 he introduced a bill to impose Sharia law (Muslim religious law) across Pakistan, with himself empowered to issue unilateral directives in the name of Islam. In 1999 he sought to sideline the army by replacing Chief of Staff Pervez Musharraf with a more pliable crony. He forgot the lessons he had learned in the 1980s: The army controls Pakistan and politicians are a nuisance. As Musharraf was returning from Sri Lanka, Sharif tried to sack him in midair and deny the Pakistan International Airways flight with 200 civilians on board landing rights in Karachi. Musharraf radioed from the aircraft through Dubai to his commander in Karachi, ordering him to seize the airport control tower, accomplished as the plane descended almost out of fuel. Musharraf turned the tables and completed his coup, and Sharif was jailed.

But Sharif had little to fear. This, after all, is Pakistan. Musharraf needed to consolidate his power with the generals, and Sharif knew details about the corruption of most of the brass. Obviously, it is better to tread lightly around the edges of your peer group’s own thievery. So Musharraf had Sharif probed, tried, convicted, and sentenced to life in prison, but then in 2000 exiled him to Saudi Arabia. Twenty-two containers of carpets and furniture followed, and, of course, his foreign accounts remained mostly intact. Ensconced in a glittering palace in Jeddah, he is described as looking “corpulent” amidst “opulent” surroundings. Reportedly, he and Benazir Bhutto even have an occasional telephone conversation, perhaps together lamenting how unfair life has become.

Second:

Third:

and that it took me around 5 minutes to find out.
So $6 billion figure may seem far off. But the above alone is more then enough for me to want to hang that munafiq NS.

 

[Sinnerman108]

Please find a similar example of (admittedly flawed) accountability from any other province in Pakistan. Until you do, let us do GUZARA with whatever we have got.

I am surprised you analyzed the situation as you did !

Why do you want to find example of (flawed) accountability. There are thousands of examples of (real) harassment by F'ing feudal lords.

 

[Peaceful Civilian]

 

[somebozo]

So he must start first with his brother whose wealth is hoarded in Switzerland, UAE, Saudi Arabia and Sri Lanka.

 

[Fracker]

Free Cloud Storage - MediaFire

First item:

^^^Page 88 Onwards, under the heading 'Pakistan'

Nawaz Sharif Family

Corruption and criminality run from the top down, with the political class constantly looting the national treasury and distorting economic policy for personal gain. Bank loans are granted largely on the basis of status and connections. The rich stash much of their money abroad in those willing western coffers, while exhibiting little inclination to repay their rupee borrowings. Pakistan’s recent history has been dominated by two families—the Bhuttos and the Sharifs—both merely tolerated by the military, the real power in the country. When it comes to economic destruction, there’s not a lot of difference among the three.

Pages 82-85 of the book cover the section on Nawaz Sharif: While Benazir Bhutto hated the generals for executing her father, Nawaz Sharif early on figured out that they held the real power in Pakistan. His father had established a foundry in 1939 and, together with six brothers, had struggled for years only to see their business nationalized by Ali Bhutto’s regime in 1972. This sealed decades of enmity between the Bhuttos and the Sharifs. Following the military coup and General Zia’s assumption of power, the business—Ittefaq—was returned to family hands in 1980. Nawaz Sharif became a director and cultivated relations with senior military officers. This led to his appointment as finance minister of Punjab and then election as chief minister of this most populous province in 1985. During the 1980s and early 1990s, given Sharif ’s political control of Punjab and eventual prime ministership of the country, Ittefaq Industries grew from its original single foundry into 30 businesses producing steel, sugar, paper, and textiles, with combined revenues of $400 million, making it one of the biggest private conglomerates in the nation. As in many other countries, when you control the political realm, you can get anything you want in the economic realm.

With Lahore, the capital of Punjab, serving as the seat of the family’s power, one of the first things Sharif did upon becoming prime minister in 1990 was build his long-dreamed-of superhighway from there to the capital,Islamabad. Estimated to cost 8.5 billion rupees, the project went through two biddings. Daewoo of Korea, strengthening its proposals with midnight meetings, was the highest bidder both times, so obviously it won the contract and delivered the job at well over 20 billion rupees.

A new highway needs new cars. Sharif authorized importation of 50,000 vehicles duty free, reportedly costing the government $700 million in lost customs duties. Banks were forced to make loans for vehicle purchases to would-be taxi cab drivers upon receipt of a 10 percent deposit.Borrowers got their “Nawaz Sharif cabs,” and some 60 percent of them promptly defaulted.This left the banks with $500 million or so in unpaid loans. Vehicle dealers reportedly made a killing and expressed their appreciation in expected ways. Under Sharif, unpaid bank loans and massive tax evasion remained the favorite ways to get rich. Upon his loss of power the usurping government published a list of 322 of the largest loan defaulters, representing almost $3 billion out of $4 billion owed to banks. Sharif and his family were tagged for $60 million. The Ittefaq Group went bankrupt in 1993 when Sharif lost his premiership the first time. By then onlythree units in the group were operational, and loan defaults of the remaining companies totaled some 5.7 billion rupees, more than $100 million.

Like Bhutto, offshore companies have been linked to Sharif, three in the British Virgin Islands by the names of Nescoll, Nielson, and Shamrock and another in the Channel Islands known as Chandron Jersey Pvt. Ltd. Some of these entities allegedly were used to facilitate purchase of four rather grand flats on Park Lane in London, at various times occupied by Sharif family members. Reportedly, payment transfers were made to Banque Paribas en Suisse, which then instructed Sharif ’s offshore companies Nescoll and Nielson to purchase the four luxury suites.

In her second term, Benazir Bhutto had Pakistan’s Federal Investigating Agency begin a probe into the financial affairs of Nawaz Sharif and his family. The probe was headed by Rehman Malik, deputy director general of the agency. Malik had fortified his reputation earlier by aiding in the arrest of Ramzi Yousef, mastermind of the 1993 World Trade Center bombing. During Sharif ’s second term, the draft report of the investigation was suppressed, Malik was jailed for a year, and later reportedly survived an assassination attempt, after which he fled to London. The Malik report, five years in the making, was released in 1998, with explosive revelations:

The records, including government documents, signed affidavits from Pakistani officials, bank files and property records, detail deals that Mr. Malik says benefited Mr. Sharif, his family and his political associates:
At least $160 million pocketed from a contract to build a highway from Lahore, his home town, to Islamabad, the nation’s capital.
At least $140 million in unsecured loans from Pakistan’s state banks.
More than $60 million generated from government rebates on sugar exported by mills controlled by Mr. Sharif and his business associates.
At least $58 million skimmed from inflated prices paid for imported wheat from the United States and Canada. In the wheat deal, Mr. Sharif ’s government paid prices far above market value to a private company owned by a close associate of his in Washington, the records show. Falsely inflated invoices for the wheat generated tens of millions of dollars in cash.

The report went on to state that “The extent and magnitude of this corruption is so staggering that it has put the very integrity of the country at stake.” In an interview, Malik added: “No other leader of Pakistan has taken that much money from the banks. There is no rule of law in Pakistan. It doesn’t exist.”

What brought Sharif down in his second term was his attempt to acquire virtually dictatorial powers. In 1997 he rammed a bill through his compliant parliament requiring legislators to vote as their party leaders directed. In 1998 he introduced a bill to impose Sharia law (Muslim religious law) across Pakistan, with himself empowered to issue unilateral directives in the name of Islam. In 1999 he sought to sideline the army by replacing Chief of Staff Pervez Musharraf with a more pliable crony. He forgot the lessons he had learned in the 1980s: The army controls Pakistan and politicians are a nuisance. As Musharraf was returning from Sri Lanka, Sharif tried to sack him in midair and deny the Pakistan International Airways flight with 200 civilians on board landing rights in Karachi. Musharraf radioed from the aircraft through Dubai to his commander in Karachi, ordering him to seize the airport control tower, accomplished as the plane descended almost out of fuel. Musharraf turned the tables and completed his coup, and Sharif was jailed.

But Sharif had little to fear. This, after all, is Pakistan. Musharraf needed to consolidate his power with the generals, and Sharif knew details about the corruption of most of the brass. Obviously, it is better to tread lightly around the edges of your peer group’s own thievery. So Musharraf had Sharif probed, tried, convicted, and sentenced to life in prison, but then in 2000 exiled him to Saudi Arabia. Twenty-two containers of carpets and furniture followed, and, of course, his foreign accounts remained mostly intact. Ensconced in a glittering palace in Jeddah, he is described as looking “corpulent” amidst “opulent” surroundings. Reportedly, he and Benazir Bhutto even have an occasional telephone conversation, perhaps together lamenting how unfair life has become.

Second:

Third:

and that it took me around 5 minutes to find out.
So $6 billion figure may seem far off. But the above alone is more then enough for me to want to hang that munafiq NS.

I can find much more material against universal facts in less then 5 mins. Even more on critics of Islam and Islamic Society. But reality is far different then internet materials without any evidence. If there was any Evidence against him, PPP, Musharaf would have been successful by now.

 

[dabong1]

The bullet train and now this........when will we get an announcement of pakistan sending someone to the moon?

 

[Jungibaaz]

I can find much more material against universal facts in less then 5 mins. Even more on critics of Islam and Islamic Society. But reality is far different then internet materials without any evidence. If there was any Evidence against him, PPP, Musharaf would have been successful by now.

Great way to duck your head in the sand.

I've tried convincing you nooras before, one or another, you'll somehow show up with the most absurd excuses.
Name me one massive corruption case taken up by courts where a big leader has been charged.

Just one.

Just because courts haven't convicted Zardari & Co, does that mean that they are innocent?

By all means, believe as you wish, don't try to make me subscribe to such half @ss, absurd excuses

 

[Fracker]

The bullet train and now this........when will we get an announcement of pakistan sending someone to the moon?

China started bullet train project in 2007 (while they were already having infrastructure for the trains), which just finished in 2013. India announced that they will send person on moon by 2023, still there is a sense of changes in Plan. Also in 2010, Obama said NASA has to send someone to moon by 2020, other wise NASA will get packed up.

If the countries whose economy is already on the track toke so much time to do such projects. Why you are thinking NS or SS are kind of "charagh ka jin" and start things right away. But yes PML-N has a bad habit to start good projects way before anyone think about it. e.g. Motorway was started in 1992. So hopefully we will have what you are asking for. But be logic and practical.