Treasury is empty; Nawaz tells nation.

[viper46]

nawaz ans shehbaz are lond*y baz.... he deserver military boot ... what elese we can expect from this radical democracy..first this idiot spend money on rigging election and he fake promissed to the nation. They are looting our country may ALLAH give them painful death DICTATORS WE LOVE U

 

[tarrar]

But "I have made new Sharwany for my oath ceremony worth 1.5 lac & I have approved 70 new cars for chair members worth 11 Crore 98 lacs" "but Sir we need money to solve Pakistan on going major problems" "sorry there is no money, the treasure is empty".

 

[fatman17]

....and here is why.....!!!

Opinion

Dear Mian Sahib

Dr Farrukh Saleem

Sunday, May 26, 2013



Capital suggestion



Sir, here is a partial list of government-run entities: Lesco, Gepsco, Iesco, Fesco, Mepco, Hesco, Qesco, Genco-1, Genco-2, Genco-3, PIA, Pakistan Steel, Pakistan Railways, PTV, Pakistan Agricultural Storage, Utility Stores Corporation, Tomato Paste Plant, Roti Corporation of Pakistan, Pakistan Stone Development Company, Pakistan Hunting and Sporting Arms Development Company, Pakistan Gems and Jewellery Development Company, Technology Commercialisation Corporation of Pakistan, National Industrial Parks Development and Management Company, Technology Up-Gradation and Skill Development Company, National Insurance Corporation, Hazara Phosphate Fertilizers, Heavy Electrical Complex, Machine Tool Factory, Morafco Industries, National Power Construction Company, National Fertilizers Corporation, State Engineering Corporation, Pakistan Steel Fabricating Company Limited, Pakistan Mineral Development Corporation, Ghee Corporation of Pakistan, Republic Motors, State Cement Corporation of Pakistan, State Petroleum Refining and Petrochemicals Corporation, Pakistan Industries Development Corporation, Trading Corporation of Pakistan, Cotton Export Corporation of Pakistan, Rice Export Corporation of Pakistan, Pakistan Industrial and Technical Training Centre and Pakistan Engineering Company.



Sir, collectively they cost the treasury a colossal Rs500 billion a year, every year or Rs1.5 billion a day, every day of the year.



Sir, if the prime minister of Pakistan is the appointing authority of the heads of these government-run entities, then the prime minister is responsible for the Rs500 billion a year loss every year for his entire five-year term.



Sir, the root of all this evil is the mixing up of politics and business. The PPP refused to detach politics from business because it was bent upon extracting juice from the pulp. I hope – and pray – that your government has intentions different from the PPP’s.



Sir, please delegate your authority to an independent, high powered state-owned enterprises selection board (SOESB) with four specific functions: to be responsible for the selection and placement of the chairmen/managing directors; to be responsible for the setting of goals and a performance assessment framework (PAF); to be responsible for the formulation and the subsequent enforcement of a code of conduct for all chairmen/managing directors; to be responsible for the appointment, remuneration and dismissal of the chairmen/managing directors.



Sir, the only way out of the Rs500 billion mess is to establish a firm arms length relationship between the PM Secretariat and state-owned enterprises.



Sir, starting in 1841, the government of Canada has been successfully managing a whole host of Crown Corporations – including Canadian National Railways, Petro-Canada, Air Canada and Canadian Broadcasting Corporation – by establishing an arms length relationship and shielding these corporations from political intervention.



In 2010, the elected president of Ghana established the Ghanaian Constitution Review Commission (CRC). The CRC has diluted presidential powers to appoint heads of government institutions. It has been proposed to establish “a constitutional body similar to the Public Services Commission to appoint heads of statutory bodies and other state institutions.”



Sir, in Singapore the economy is completely dominated by corporations owned or controlled by the government (up to 60 percent of the GDP is produced by government-linked corporations). Temasek Holdings, the government-owned corporation, controls assets worth $160 billion that include Singapore Airlines, Sing Tel, MediaCorp, Singapore Power, Singapore Zoo, Standard Chartered and Bank of China. The Singapore government, however, is “not involved in Temasek’s investment, divestment or any other business of operational decisions.”



Dear Mian Sahib, Temasek made $12 billion last year and we lost Rs500 billion the same year.



The writer is a columnist based in Islamabad. Email: farrukh15@hotmail.com. Twitter: @Saleemfarrukh

 

[Al Bhatti]

A repeat of the late 90s?

- Announcing treasury is empty
- Appealing to the public on television to give money to pay off debt
- People come out to help Pakistan again
- People are betrayed again

Tax reform is needed. I hope Mr. Sharif is a strong enough leader to put the welfare of the nation above vote bank politics, and widen the tax net.

The common man wishes the same but unfortunately he is a Pakistani not a chinese leader who will put the welfare of the people above personal interests.

Saudi Arabia or UAE or even non-muslim Chinese or Japanese or South Koreans will do 1000% better than the politicians we have who do not know anything about governing a country if given a chance to govern Pakistan.

 

[Al Bhatti]

Deng Xiaoping had to work hard to reform China's economy.

He was purged twice during the Cultural Revolution, and his son was tortured and thrown out a window. He was targeted over and over again by powerful people for decades, not just him but his entire family.

He was a great leader, because he put the welfare of the nation over his own personal safety.

Pakistan needs someone like Deng, someone strong enough to reform the entire system, regardless of whether or not they are targeted and persecuted for it. Unfortunately, such great leaders are very rare. Most countries are lucky if they get one a century.

In Pakistan for the politicians first and foremost is the safety of oneself and family members even if it means spending the complete national treasury on it then let it be.

- How many times did Zardari come out of the comfort of his residence in 5 years?
- How many times will he come out of his fortress in Punjab after he moves out of the presidential office.

Same goes for all the politicians of all the parties.

If our politician are made to choose between their lives and Pakistan, they will say without hesitation "our lives".

 

[Android]

Unfortunately, such great leaders are very rare. Most countries are lucky if they get one a century.

there are also some rare instances where a country has a very capable leader but unfortunately that leaders need more than a miracle to become head of the country and do something for his motherland

 

[Al Bhatti]

....and here is why.....!!!

Opinion

Dear Mian Sahib

Dr Farrukh Saleem

Sunday, May 26, 2013



Capital suggestion



Sir, here is a partial list of government-run entities: Lesco, Gepsco, Iesco, Fesco, Mepco, Hesco, Qesco, Genco-1, Genco-2, Genco-3, PIA, Pakistan Steel, Pakistan Railways, PTV, Pakistan Agricultural Storage, Utility Stores Corporation, Tomato Paste Plant, Roti Corporation of Pakistan, Pakistan Stone Development Company, Pakistan Hunting and Sporting Arms Development Company, Pakistan Gems and Jewellery Development Company, Technology Commercialisation Corporation of Pakistan, National Industrial Parks Development and Management Company, Technology Up-Gradation and Skill Development Company, National Insurance Corporation, Hazara Phosphate Fertilizers, Heavy Electrical Complex, Machine Tool Factory, Morafco Industries, National Power Construction Company, National Fertilizers Corporation, State Engineering Corporation, Pakistan Steel Fabricating Company Limited, Pakistan Mineral Development Corporation, Ghee Corporation of Pakistan, Republic Motors, State Cement Corporation of Pakistan, State Petroleum Refining and Petrochemicals Corporation, Pakistan Industries Development Corporation, Trading Corporation of Pakistan, Cotton Export Corporation of Pakistan, Rice Export Corporation of Pakistan, Pakistan Industrial and Technical Training Centre and Pakistan Engineering Company.



Sir, collectively they cost the treasury a colossal Rs500 billion a year, every year or Rs1.5 billion a day, every day of the year.



Sir, if the prime minister of Pakistan is the appointing authority of the heads of these government-run entities, then the prime minister is responsible for the Rs500 billion a year loss every year for his entire five-year term.



Sir, the root of all this evil is the mixing up of politics and business. The PPP refused to detach politics from business because it was bent upon extracting juice from the pulp. I hope – and pray – that your government has intentions different from the PPP’s.



Sir, please delegate your authority to an independent, high powered state-owned enterprises selection board (SOESB) with four specific functions: to be responsible for the selection and placement of the chairmen/managing directors; to be responsible for the setting of goals and a performance assessment framework (PAF); to be responsible for the formulation and the subsequent enforcement of a code of conduct for all chairmen/managing directors; to be responsible for the appointment, remuneration and dismissal of the chairmen/managing directors.



Sir, the only way out of the Rs500 billion mess is to establish a firm arms length relationship between the PM Secretariat and state-owned enterprises.



Sir, starting in 1841, the government of Canada has been successfully managing a whole host of Crown Corporations – including Canadian National Railways, Petro-Canada, Air Canada and Canadian Broadcasting Corporation – by establishing an arms length relationship and shielding these corporations from political intervention.



In 2010, the elected president of Ghana established the Ghanaian Constitution Review Commission (CRC). The CRC has diluted presidential powers to appoint heads of government institutions. It has been proposed to establish “a constitutional body similar to the Public Services Commission to appoint heads of statutory bodies and other state institutions.”



Sir, in Singapore the economy is completely dominated by corporations owned or controlled by the government (up to 60 percent of the GDP is produced by government-linked corporations). Temasek Holdings, the government-owned corporation, controls assets worth $160 billion that include Singapore Airlines, Sing Tel, MediaCorp, Singapore Power, Singapore Zoo, Standard Chartered and Bank of China. The Singapore government, however, is “not involved in Temasek’s investment, divestment or any other business of operational decisions.”



Dear Mian Sahib, Temasek made $12 billion last year and we lost Rs500 billion the same year.



The writer is a columnist based in Islamabad. Email: farrukh15@hotmail.com. Twitter: @Saleemfarrukh

Do you think our politicians along with their secretaries are educated enough to read and understand this?

 

[Developereo]

Ladies and Gentlemen,

Past and future leader of Pakistan: Mr. Nawaz Sharif

 

[Awesome]

Which car is GLI?

 

[Peaceful Civilian]

What to expect from them.

 

[Jango]

Which car is GLI?

Toyota Corolla.

 

[fatman17]

PKR 500 billion going to waste each year = USD 5.0 billion.....thats 80% of PK defence budget right there.....think how many schools, hospitals, roads, small scale dams can be built with this money.....think of the downstream effect from these projects....jobs, jobs, jobs......think this 500 billion can pay-off the circular-debt in an instant and then no more energy crisis of the level we are facing.....wow amazing...!!!

 

[OrionHunter]

He can't widen the tax net, if he goes to enforce this then it will create a sh*t storm in his own party and his constituencies where most do not pay tax.

Critics of David Cameron's decision to increase foreign aid to Pakistan came under fire after it emerged that fewer than one per cent of Pakistanis paid any income tax.

A cross-party group of MPs warned that British taxpayers should no longer be made to bail out Pakistan's poor when wealthy Pakistanis refuse to pay taxes themselves.

The country has one of the smallest tax bases in the world, with only 0.57 per cent of Pakistanis paying income tax last year. ‘We cannot expect the people in the UK to pay taxes to improve education and health in Pakistan if the Pakistan elite is not paying income tax. We cannot advocate that the British people finance, through taxation, the proposed substantial increase in development assistance to Pakistan unless there is clear evidence that the newly elected Pakistan Government is also willing to make the necessary changes so as to contribute more to improving the livelihood of its people.’

In a damning indictment of the Pakistani elite, the MPs conclude: ‘Corruption is rife in a social order based on patronage and kinship networks. Pakistan’s rich do not pay taxes and exhibit little interest in improving conditions and opportunities for Pakistan’s poor.’

MPs' anger over £180m British aid boost to Pakistan when 70% of their own politicians pay NO tax | Mail Online

So the question is: will Nawaz bite the bullet? He most likely cannot and will not as there are too many vested interests to contend with especially the rich feudal class. It will therefore be more of the same where Pakistan will be forever depending on the American controlled IMF/World bank for unending bailouts.

 

[ice_man]

Treasury is empty...............well not shocked PPP took everything it can specially on the last day they made sure they get paid for life!

PPP basically robbed this nation and went out! whatever pennies were left the care taker government took that! so yes it is empty!


BUT THE QUESTION IS WHAT does MR.NAWAZ have in plan! because clearly he knew it will be empty when he came to power! nothing unexpected here! and if he thought otherwise then i am sorry his IQ is below mine which isn't saying much for his IQ level lol!

 

[Fracker]

Treasury is empty; Nawaz tells nation.

and then says only for you gareebo....

What a looser...

When treasury is empty what you are expecting him to say? No it is full of money, billion's of dollars are laying without any use? Stupid arguments.

If he says, no we can't get Pakistan out of this mess then the real issue comes.. but it's otherway around.. The only thing what NS did after 11 May. Is Slapping you guyz again n again. Slapping you for your non-existing Tsunami, Slapping you for your spildaway clean sweep, slapping you for India is our enemy and should remain our enemy, Slapping you for KSA should be our enemy, and now biggest slap on your faces for your leader stupid arguments "Pakistan is the richest Country".

Now Wake up.. And see how NS will put Pakistan out of this economy crisis and Power Crisis and otherwise these slaps are also in queue to come on your face. This is and will be reality, InshAllah.