Re: Pakistan Forex Reserves reach $15.780 Billion
True favor to the West (and ourselves) is to turn Karachi, Lahore, Peshawar to Dubai, Shenghai, and Seol.
I hope you understand this better now.
oh..I get it,
Baghairati-philao-tehreek, yaay!
Re: Pakistan Forex Reserves reach $15.780 Billion
oh..I get it,
Baghairati-philao-tehreek, yaay!
Don't you live in the west?
Re: Pakistan Forex Reserves reach $15.780 Billion
Fraudia: Whatever that mumbo jumbo is supposed to mean..
Reza: West of what?
Re: Pakistan Forex Reserves reach $15.780 Billion
Fraudia: Whatever that mumbo jumbo is supposed to mean..
Reza: West of what?
You live in the west i.e. North America for which you use "Baghairati" terms.
Re: Pakistan Forex Reserves reach $15.780 Billion
OBL, now who is getting all emotional and show-shaw? 
Btw, how did bangladesh factor into all this 
Nepal and bhutan are satellite states of India so I don’t know what “stabilization” america will provide there unless it is “china specific”.. Abdali, don’t discount “islamic extremism” that much. It will factor since pipelines need to come to afghanistan-pakistan and iran needs to be neutered. Pipelines are a good thing, both for pakistani growth and revenue, but we should not lose everything we have in the process.
Re: Pakistan Forex Reserves reach $15.780 Billion
Samraz Khan Saheb, yea aap nay kiy likh diya? I trusted your figures and had a big shock of my life to learn that your figures are nothing to do with reality but it was figures like BB and NS quote every day. 
Sorry bhai, facts are something very different.
Since Musharraf came to power 8 years ago, total disbursements to Islamabad is nearly 5 billion dollars. Almost all of those disbursements came during last 6 years, since after September 2001.
What I know, that 5 billion dollars consists of loan that USA forgave when President Musharraf went to USA first time (I think it was over a billion dollars forgiven), plus all USA assistance in earthquake (again around a billion dollars) and all payments that USA made for services, supports and supplies that Pakistan military charged to USA during ‘war on terror’ (comes to around 400 million dollars a year or around 2.5 billion dollars plus since 2001), plus any loan that Pakistan may have taken from USA as aid includes loans as well as grants or any payments (nil loan taken from USA during Musharraf rule).
Another thing is that, total direct aid to Pakistan from USA since 1947 to 2006 is about $15 billion dollars that includes $4 billion dollars in military assistance.
Indirect aids are those aids that USA orders his slaves (like Saudia or Japan) to give to Pakistan or orders his slave institutions like IMF, Asian development bank, Islamic development bank and World Bank, to give to Pakistan :). Again fortunately, during President Musharraf rule, Pakistan did not get much aid from these countries and institutions. Japan use to give 500 million dollar assistance every year to Pakistan that they stopped when Musharraf came to power on pretext that they do not assist military rule. Though talk was going on last year for that assistance to start, but what I believe it has not got started till now.
Saudia use to give around 500 million dollars worth of oil on differed payment (that they started after Nuclear test in 1998). It was not free oil, as Pakistan has to pay for that, though not immediately. Anyhow, Saudia used that to black mail Pakistan, as what I know they threatened to stop differed payment agreement unless Pakistan releases Nawaz Shareef and family from prison, forgive them, and hand them over, that Pakistan complied. Saudia stopped this differed payment facility few years back (when Pakistan economy became strong and Pakistan reserves reached comfortable level).
During President Musharraf rule, Pakistan repaid all IMF loans (as most IMF loans have undesirable attachment conditions) and what I know, even with other institutions (like WB, IDB, ADB) Pakistan overall loans has decreased.
Pakistan** gets $80 mn US aid per month**
Published: Sunday 12 August, 2007, 02:13 AM Doha Time
WASHINGTON: Pentagon documents show, according to a new Congressional Research Service report, that disbursements to Islamabad - at nearly $5bn or an average of more than $80mn per month - represent an amount equal to more than one-quarter of Pakistan’s total military expenditures.
According to the report on Pakistan-US relations by Alan Kronstadt, as of mid-2007, a total of more than $7bn had been appropriated for Fiscal Year 2002 (FY2002) to Fiscal Year 2007 (FY2007) Defence Department spending for coalition support payments to “Pakistan, Jordan, and other key co-operating nations”.
The report notes that a total of about $15bn in direct US aid went to Pakistan from 1947 through 2006, including more than $4bn in military assistance.
In June 2003, President Bush hosted President Musharraf at Camp David, Maryland, where he vowed to work with Congress on establishing a five-year, $3bn aid package for Pakistan.
Annual instalments of $600mn each, split evenly between military and economic aid, began in FY2005. When additional funds for development assistance, law enforcement, earthquake relief, and other programmes are included, the non-food aid allocation for FY2006 was $759mn.
The Bush administration’s FY2007 request called for another $739mn in aid to Pakistan, but the House Appropriations Committee recommended reducing that amount by $150mn, ostensibly for domestic budgetary reasons unrelated to Pakistan-US relations.
The Senate Appropriations Committee called for no such decreases, but did recommend shifting about $94mn in requested economic support to development, health, education, and governance programmes.
Thus, while the total FY2007 allocation for Pakistan is yet to be determined, it may fall somewhere between $585mn and $740mn. Congress has also appropriated billions of dollars to reimburse Pakistan for its support of US-led counter-terrorism operations. The Defence Department Appropriations Act, 2007 allows that up to $900mn in Pentagon funds be used for FY2007 reimbursements.
The Bush administration requested another $1bn in emergency supplemental coalition support funds for FY2007, however, the supplemental bill finally signed into law by President Bush in May 2007 allowed for only $200mn in additional CSF appropriations. The administration also has requested another $1.7bn in coalition support for FY2008.
The report said, “A stable, democratic, economically thriving Pakistan is considered vital to US interests. US concerns regarding Pakistan include regional terrorism, Afghan stability, weapons proliferation, the ongoing Kashmir problem and Pakistan-India tensions, human rights protection and economic development.”
A US-Pakistan relationship marked by periods of both co-operation and discord was transformed by the September 2001 terrorist attacks on the US and the ensuing enlistment of Pakistan as a key ally in US-led counter-terrorism efforts.
Top US officials regularly praise Pakistan for its ongoing cooperation, although doubts exist about Islamabad’s commitment to some core US interests.
Pakistan is identified as “a base for terrorist groups and their supporters operating in Kashmir, India, and Afghanistan.” According to the Congressional Research Service, Pakistan’s macroeconomic indicators have turned positive since 2001 and some meaningful poverty reduction has been seen in this still poor country.
President Bush seeks to expand US-Pakistan trade and investment relations. “The US urges restoration of democracy and expects Pakistan’s planned 2007 general elections to be free and fair. Congress has annually granted one-year presidential authority to waive coup-related aid sanctions.
“Pakistan is among the world’s leading recipients of US aid, obtaining about $3.4bn in direct US assistance for FY2002-FY2006, including nearly $1.5bn in security-related aid. Pakistan also has received nearly $5bn in reimbursements for its support of US-led counter-terrorism operations since 2001,” the report added. — Internews
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Re: Pakistan Forex Reserves reach $15.780 Billion
You live in the west i.e. North America for which you use "Baghairati" terms.
Is that a question, or a statement that you're making?
Re: Pakistan Forex Reserves reach $15.780 Billion
Samraz Khan Saheb, yea aap nay kiy likh diya? I trusted your figures and had a big shock of my life to learn that your figures are nothing to do with reality but it was figures like BB and NS quote every day. :) Sorry bhai, facts are something very different. ......
Good post Saleem. Unfortunately anarchists and terror-sympathizers are not interested in facts. They just want to spread be-ghairat acts like suicide bombings. Doing financial analysis is not their thing. You can't teach a donkey more than the words D Q or in this case "Takbir-boom-boom" [trans: Mullar terrorists says takbir before detonating suicide bomb and going to hell .]
Re: Pakistan Forex Reserves reach $15.780 Billion
The key for Pakistan is to remove corruption first.
Re: Pakistan Forex Reserves reach $15.780 Billion
The key for Pakistan is to remove corruption first.
This is an old mantra oft repeated in our chai parties. Did you ever wonder what the corruption is?
For me corruption is waste, fraud, abuse, and misuse of funds. For any budgeted item, there is a small fraction of waste associated with it.
Compare corruption in national finances to what our body releases as waste i.e. $hite. Sure the doctors may have to analyze $hite for a sick person to figure out what's goin' on.
However too much exploration and focus on $hite just creates more mess and possibly bad odors.
Just accept the fact that some percentage of the national funds will be wasted. This is just nature of things.
So if we look at our national budget of $30 odd billions, a percentage may be 1-3% will go to waste no matter what you do.
Supposing you by a miracle, get the corruption to zero%, then you will have the whole $30 billion saved to be used for the nation.
But the nation of our size needs $3000 billion to have decent life style. So no matter how you cut it, the current pie of $30 billion is too small to begin with.
Just to give you an example from our own city. The people of Karachi see it first hand, or via other mediums, the life style of New York wallahas. They see water, eletcricity on, the roads and bridges in decent shape, and then they look at their own city and get angry. They get frustrated as to why we can't have the same basic things that New York wallahs have.
The problem is that poor people of Karachi do not see New York wallahs pocket. At the moment NY city spends $52 billion a year. This is roughly twice that the "whole Pak budget".
Our budget is half of NY city and population is 30 times. You do the maths, and see that we cannot provide NY style services to Karachi wallahs even when we spend the whole budget of Pakistan on just Karachi.
The only way out of this $30 billion budget is to work as closely with US/UK as possible.
Look at China, they worked as WalMart slaves for 15 years and now they have a bit decent situation.
Look at India, they worked as Microsoft slaves for 15 years and now they have reached the national budget level pretty much comparable to Pakistan. That my friend is a big achievement for poverty stricken India.
However we need to move forward. Our budget should increase by huge leaps every year until we reach the $3000 billion mark.
Even at that point you will have some percentage of corruption, just like the one you see every morning right in your own home, right in your "bath room".
Re: Pakistan Forex Reserves reach $15.780 Billion
During President Musharraf rule, Pakistan repaid all IMF loans (as most IMF loans have undesirable attachment conditions) and what I know, even with other institutions (like WB, IDB, ADB) Pakistan overall loans has decreased.
Yep, that's a historic achievment that Musharraf-haters seem to want to overlook.
Re: Pakistan Forex Reserves reach $15.780 Billion
For me corruption is waste, fraud, abuse, and misuse of funds. For any budgeted item, there is a small fraction of waste associated with it.
Compare corruption in national finances to what our body releases as waste i.e. $hite. Sure the doctors may have to analyze $hite for a sick person to figure out what's goin' on.
You think too much about sh!t, gutter etc. Instead of all this blabbering can you tell how much % is 'acceptable' as waste/misuse/fraud, how much is 'wasted' in other countries with lesser "corruption" etc.?