Re: PPP's good governance
jaisay log vasay leader - what's the fuss?
Re: PPP’s good governance
Point.
Re: PPP’s good governance
When that happens I’ll 
. By the way this is all saazish by takht e Lahore, otherwise all’s well. 
Re: PPP’s good governance
Now lets see whats happened to the Steel Mills. Pakistan steel Mill remained a profit making organization from 2000-2007 where as the the loss of the organization between 2008 and 2012 is 62 billion plus pending liablities of 68 billion making a total loss of 130 billion rupees.
Re: PPP’s good governance
SC reserves verdict in Steel Mills case | The Nation
ISLAMABAD - Chief Justice Iftikhar Muhammad Chaudhry on Thursday hearing the case of Pakistan Steel Mills has said that corruption in the PSM has not been established in the forensic audit report besides that the government did not take action against the responsible persons, who sank the mills.
**According to the report prepared by M/s Avais Hyder Liaquat Nouman (AHLN), the Steel Mills, during the financial year 2008-09, suffered Rs 26.5 billion loss due to corruption and mismanagement during the financial year 2008-09, and the daily deficit in running PSM is Rs 40 million per day and monthly Rs 1.2 billion.
**
**The loss was bifurcated into three parts; business loss Rs 4.68 billion, losses due to corrupt practices Rs 9.99 billion and losses due to mismanagement is Rs 11.84 billion.
**
A three-member bench, headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Khilji Arif Hussain and Justice Tariq Pervaiz, after hearing suo moto notice and Watan Party petition regarding alleged corruption in PSM, reserved the judgment.
Gul Muhammad Rind Secretary Ministry of Industries informed the court that on the direction of the court he had discussed the audit report with the Minister. **In the last hearing, the court had ordered Industries Secretary Gul to come up with an explanation why his Ministry had failed to take timely action on a forensic audit report (2008-09) that identified cumulative losses of Rs 26.5 billion suffered by Pakistan Steel Mills in one year.
**
Rind also told that the Ministry on receipt of the forensic report, six months ago, referred the matter to FIA, but so far have not received their findings, adding, after receiving the FIA report they would decide about sending it to NAB.
The Chief Justice said that audit report has proved that massive corruption took place in the Steel Mills ,therefore, the case should have been sent to NAB, which should take action against the responsible persons and recover the plundered money.
The Chief Justice asked Rind that it was the responsibility of Ministry to send the cases to NAB and ‘establishing good governance is the duty of government’. Barrister Zafarullah, a petitioner, argued that the PSM is facing functional and financing crisis due to rampant corruption, mismanagement and incompetence.
**From July 2008 to-date (March 2012), it suffered losses of more than Rs 62 billion and the pending payable liabilities are more than Rs 68 billion, thus total loss is of Rs 130 billion in 44 months.
**
‘The FIA instead of proceeding against M/S Abbas Steel Group, owned by Riaz Lalji, for criminal corruption and Ms Sabina Sakina, daughter of Riaz Lalji, alleged accused in FIR No.39/2009, have exonerated them’, Zafarullah said.
He said the apex court stopped privatisation of the mills, but it bore no fruits.
Justice Khilji remarked that they could not run the PSM.
The Chief Justice stated their mandate is to point out corruption, which they had done.
He said it was up to the government whether it like to run the Mills or not?, adding, ‘we would work within our limits’.
The court after the statement of Secretary Ministry of Production have not yet decided to the refer the case to NAB and reserved the judgment.
Re: PPP’s good governance
**Pakistan Steel Mill:
**
Pakistan Steel Mill remained a profit making organization from 2000-2007, the last time the organization made profit was in 2007.
[TABLE]
Year
Profit/Loss
Amount (in Billion Rupees)
2007
Profit
2.38
2008-09
Loss
26.53
2009-10
Loss
11.52
2010-11
Loss
11.49
2011-12 (July to Sept)
Loss
4.3
The total loss of the organization during the past four years as of Mar 2012 is 130 billion rupees (including 62 billion loss and 68 billion as pending liabilities).
Another thing to note is that the production of the organization has dropped from 82 % of capacity utilization in 2007 to less than 20 % in 2012.
Re: PPP's good governance
Great performance indeed, atleast PPP leadership can prove that they did bring change in Pakistan!
Re: PPP’s good governance
LPG Mafia has minted about 350 billion Rupees during the past 7 years, but what has the government done to stem this? The powerful ‘gas mafia’ is increasing the prices of the commodity without even contacting the regulator (OGRA).
LPG mafia minted huge money in six years | The Nation
PRICE HIKE
**LPG marketing companies, under the current shortage of gas in the country, has also increased the price of the liquefied gas by Rs30 per kilogram in the last three months without any justification, Irfan Khokhar Chairman, LPG Distribution Association Pakistan (LPGDAP) said while addressing a press conference here at Karachi Press Club on Thursday.
**
HELPLESS GovernmenT
**The highly influential group and profiteers in the industry were making an increase without any fear as concerned authorities in government were helpless to control the price forcing the poverty hit consumers especially in the hilly areas of the country to buy the much costlier fuel in winter season.
**
RECORD BREAKING PRICES
**As per data provided by Khokhar, the companies were charging the people with the record additional price of Rs366 and Rs1,416 per domestic slender and commercial slender respectively. The per kilogram price of LPG in hilly areas including Gilgit Baltistan, Sawat, FATA and others has also reached Rs175 without any notification of ministry of petroleum or Oil and Gas Regulatory Authority (OGRA).
**
“The price of gas could be reduced to at least Rs90 per kg from the existing Rs175 per kg if the government exempts LPG import of General Sales Tax while making the import feasible to the importers,” he said adding that at least 13000 MT LPG was imported last month which was 38 per cent of local production. According to Chairman LPGDAP the unjustified increase in price by LPG companies making international prices an excuse has multiplied the woes of crisis hit people.
CORRUPTION & IRREGULARITIES
Talking about corruption and irregularities in the LPG industry, Khokhar alleged that the price of fuel was increased by 541 per cent in the last seven years as the production cost jumped to Rs92 per kg from Rs17 per kg. From April 2006 to January 2012 production price reached to Rs92133 per MT thus making the additional cost of production by Rs75133 per MT and Rs75 per kg in last five years.
LPG MAFIA
Collectively LPG mafia pocketed Rs350 billion increased price in the past seven years. In the last seven years, the number of LPG producers was increased from five to 11 while there were 90 companies currently as compared to earlier number of 17. The huge irregularities made in the allocation, distribution and award of LPG quota by the government among retired army officers Khalid Maqbool, Muneer Hafeez and Moinuddin Haider, two former chairmen of the National Accountability Bureau and politicians, were also reasons for the current skyrocketing prices of LPG, he claimed.
LPG POLICY 2011
Talking about LPG Policy 2011, he said, the country could generate at least Rs5 billion per year if the policy was implemented as it would eliminate the control and monopoly of the LPG mafia in the country.
He also praised Dr Asim, minister of petroleum and natural gas for his efforts to implement the new LPG policy. He also appealed prime minister, chief justice of Pakistan, and ministry of petroleum to take action against LPG companies which were busy in black marketing and charging the poor people with exorbitant prices against the international rates. He requested the chief justice to remove stay over LPG policy in order to provide a cheaper fuel to the consumer. In reply to a query, he said present and past governments had failed to curb the corruption and black marketing in LPG industry which ultimately have fallen heavily on consumers.
Re: PPP’s good governance
LPG rate jumps up Rs 16/kg | The Nation
ISLAMABAD - LPG price has been jacked up by Rs16 per kg as state-owned LPG producers the other day increased their price from Rs 93,856 to Rs109, 702 per ton while on the other hand LPG distributors association, terming recent surge as a ‘drone attack’ on the masses by marketing companies, has announced a countrywide protest and besieging of OGRA office.
**The Chairman LPG Distributors Association Pakistan Irfan Khokar blaming the influential ‘gas mafia’ over a hefty corruption worth of Rs350 billion has said that a commodity whose production cost is just Rs9/kg so an increase of Rs16 per kg without OGRA’s notification is irrational that has further hiked the price of domestic and commercial cylinder and made it more expansive for the hard pressed consumers of the country.
**
With this recent increase in the price of per kilogram of liquefied petroleum gas (LPG), the price of domestic cylinder has witnessed a gigantic hike of Rs186 while the price of commercial cylinder has also witnessed a massive increase of Rs761. He said this colossal increase has been done on the basis of the upward trend of the price of commodity in international market.
However, the LPG Association of Pakistan has said that state owned LPG producers have increased their price from Rs 93,856 to Rs.109, 702 per ton on the other day. The increase is in response to the Saudi Aramco Contract Price with which local prices are indexed and increased to a record $1,028 per ton.
The government is single largest producer of LPG in the country and is therefore the direct beneficiary of the increase in prices.
“LPG prices have also been impacted due to the imposition of Petroleum Levy as a result of which local prices have far exceeded international price.
Pakistan is the only country in the world where a tax has been imposed on local production to facilitate imports.” said Belal Jabbar the spokesman for the LPG Association of Pakistan.
The resultant increase in producer prices will translate into an increase of Rs 187 for domestic and Rs.720 for commercial cylinder. LPG retail prices are expected to increase to Rs. 155 per kilo whereas the sale price for domestic and commercial cylinders will increase from Rs 1650 to Rs. 1837 and Rs.6356 to Rs. 7076 respectively.
The levy which came into effect in January and was designed to increase the price of domestic production to equate it with of imports has lead to record high prices and severely curtailed demand.
“The whole exercise has been done to encourage favourites to manipulate imports. The consumers and the LPG industry have taken a very serious view of the matter and legal challenges are foreseen in future,” said Bilal.
Re: PPP's good governance
lagay raho:)
Re: PPP's good governance
^ the best response one can expect.
Re: PPP's good governance
lagay raho:)
Surely you can present a counter-argument with facts. :)
Re: PPP's good governance
^ Fact and Jiyalas do not go together.
Re: PPP’s good governance
Re: PPP’s good governance
Zameen Junbad Nah Junbad Gul Muhammad :cobra:
Juhla’s kay liye Kawa Chita he rahay ga :khumar:
Re: PPP’s good governance
I don’t know why whenever some one start praising dirtiest policies and performance of PPP then this slogan always comes in my mind “Illiterate people to fly with PPP” :cobra:
Re: PPP's good governance
well thats really sad to see! PPP Govt has miserably failed! I dont know how these leaders still show up in public and never seem concerned about all these serious issues. They dont deserve to be at this place and called leaders they are not even humans! I come from a pro PPP family but i can't support PPP for how they have made the whole nation go through so much. For me everyone is the same! like my father says koi chota chor hai koi berra chor hai! I hope and pray things get better ! :(
Its good to know that you are accepting the facts like my other friends who are also ve ppp back ground but tell me honestly that you or your father ll not vote PPP ?
Bcoz I believe its really hard for PPP supporter to vote against PPP despite of all facts & figures that Government has completely failed to control economy.
Re: PPP’s good governance
No comments :hmmm:
Bleeding the country dry: Five public entities lose Rs393b over four years – The Express Tribune
Five public sector enterprises are either operating without a governing board, or are run by unskilled persons. In the latter case, retired or serving bureaucrats, or unqualified but politically well-connected individuals, have been appointed to run these enterprises. According to sources, these entities have collectively caused Rs393 billion in losses to the national exchequer during four years of the Pakistan Peoples Party government.
These entities include Pakistan Railways (PR), Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), Pakistan Agriculture Storage and Services Corporation (Passco), and the National Highway Authority (NHA)
.
Furthermore, losses incurred by Pepco due to subsidies– estimated at Rs1.2 trillion by the finance ministry – are not included in this assessment.
Measures like the establishment of the Cabinet Committee on Restructuring (CCOR), headed by Finance Minister Dr Abdul Hafeez Shaikh, failed to achieve lasting improvements in these corporations.
A special wing of the finance ministry – the Economic Reforms Unit – also failed to effect any positive change in these loss-making corporations.
**National Highway Authority
**
The entity recorded Rs150 billion in losses during the four years under review – the highest among the five. When the PPP took over the government, the NHA recorded annual losses of Rs30 billion. These surged to Rs33.5 billion in 2008, Rs35.3 billion in 2009, Rs44.4 billion in 2010 and Rs36.5 billion in the last fiscal year, according to the official report.
**Pakistan International Airlines
**
The national flag-carrier’s accumulative financial losses in three years and nine months stood at Rs81 billion. In 2007, the entity’s annual losses had been registered at Rs13.4 billion. These surged to Rs36.1 billion in 2008, Rs4.9 billion in 2009, Rs20.8 billion in 2010 and Rs 19.3 billion losses in nine months of last year.
PIA stands out as a bad case in nepotism. Minister for Defence Ahmad Mukhtar is chairman of the board, and the government recently appointed retired Air Marshal Rao Qamar Suleman as the new managing director. The four directors of the board are qualified with, at most, a bachelor’s degree. Malik Nazir Ahmad has a Bachelor of Arts(BA) degree; he was appointed in March 2008. Javed Akhtar and Makhdoom Syed Ahmad Mahmood also hold a bachelor’s degree. The latter is a Member of the Punjab Assembly, and his profile reads that “he has extensively travelled abroad”. Syed Yousaf Waqar has a bachelor’s degree in business administration. Secretary Finance Abdul Wajid Rana is also a member of the board.
**Pakistan Steel Mills
**
From 2009 to 2011, PSM’s accumulated losses stood at Rs49.5 billion. The country’s largest industrial unit was in profit up to 2008, but political appointments have led to the near collapse of the behemoth. In 2009, it suffered Rs26.5 billion in losses; the figure came down to Rs11.5 billion in 2010, and was ‘sustained’ at this level in 2011.
Out of the members of the board, five are either serving or retired bureaucrats. The chairman of the board, Fazalullah Qureshi, is a retired federal secretary. Two members of the board are owners of steel mills. Mahreen Razaque Bhutto, an MNA on a PPP ticket, is also a member of the Board.
**Pakistan Railways
**
PR incurred Rs96 billion in losses during the reviewed period. Before the government took over, its annual losses stood at Rs15.2 billion. This figure ballooned to Rs16.9 billion in 2008, Rs23 billion in 2009, Rs25 billion in 2010 and Rs31.1 billion during the last fiscal year. The government has only recently constituted a board of directors for the entity.
**PASSCO
**
Passco recorded Rs34.6 billion in losses during the reviewed period. During the last year of the Musharraf government, Passco suffered Rs2.5 billion losses. The figure swelled to Rs3.4 billion in 2008, Rs3.3 billion in 2009, Rs 13.8 billion in 2010 and Rs14.1 billion in 2011.
A serving Federal Secretary, Shafqat Hussain Nagmi, is chairman of the Passco board; while a serving Major General, Shohail Shafqat, is the managing director of the entity. Three bankers are also members of the board.
Published in The Express Tribune, April 24[SUP]th[/SUP], 2012.
Re: PPP's good governance
Considering the loss incurred by NHA, I believe the government should seriously try and sell the organization off as its a big white elephant. 150 billion rupees loss during the past 4 years and even before that it was sustaining about 30 billion rupees loss per year.
Re: PPP’s good governance
The NHA loss seems to be partly due to our beloved NATO supplies:
Overloaded containers of Nato/Isaf: NHA suffered Rs 100 billion losses: minister | Business Recorder
Federal Minister for Communication, Dr Arbab Alamgir Khan on Sunday said that National Highway Authority (NHA) has so far suffered Rs 100 billion losses due to overloaded containers of Nato-Isaf, saying that parliament will decide about opening of Nato supply route.
He expressed the hope a consensus will be built among the political parties on the issue.
Talking to reporters after giving awards to widows of Shaheed Motorways police officers, who were fallen prey in act of terrorism during a ceremony held here his residence, he informed that around 300 to 350 Nato containers were being transported through Karachi-Chaman and Karachi-Torkham routes, which was stopped since the Salala incident.He further added that the ministry had already asked Nato for repairing the damages routes in the country.
He said that parliament will take final decision about the reopening of the Nato supply.
“We had taken decision of stoppage of Nato-supply in greater national interest”, he maintained.Regarding the new term of engagement with US-led alliance states and reopening of Nato supply, he said that the decision would take with mutual consensus of all political parties through parliament.MNA Asma Arbab Alamgir, DIG Motorway, Jehanzeb Jogazai, SSP operation, Peshawar Tahir Ayub, MP high officers were attended the ceremony.
On the occasion, cheques distributed among the widow of PO Shah-e-Iran (Shaheed) and other officers including APO Abdali San, SPO Aftab and PO Saghair Ahmad for their bravery and remarkable performance.Earlier, addressing at ceremony, Dr Alamgir Khan said that Khyber Pakhtunkhwa police had rendered enormous sacrifices, adding that the county was facing severe economic and other challenges due prevailing terrorism situation.
He said the government had faced the situation and taken steps for provision of relief to the masses at their doorstep.
“We fought against terrorism and rendered enormous sacrifices for restoration of peace and stability”, he maintained.The federal minister said that the sacrifices of police officers and security forces will never go in vain, saying that nation has great proud on these brave police.
“We will continue fight till elimination of complete terrorism in the country”, he reiterated.
He said the ministry had sent a proposal to prime minister to establish a special fund for martyred police officer.Dr Alamgir said that they had introduced friendly police system in NHA/MPs, adding that the world has also recognised them.When asked about the NHA mega project in KP, he said that Peshawar-Northern Bypass project is a mega scheme, saying that first phase of the scheme would be completed very shortly, which could help to ease traffic problems in Peshawar.