G-20 suspends Pakistan’s $3.7 bln loan till year end

By Ali Imran

ISLAMABAD: Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain Tuesday said the G-20 countries had suspended the repayment of $3.7 billion loan till the year end, bringing a good news for Pakistan’s economy.
“The suspension of loan, which was liable to be paid instantly, is the good news for national economy,” he said while addressing the post-cabinet media briefing.
He said the role of Pakistan Muslim League-Nawaz (PML-N) was akin to the East India Company, which had extracted the money from the Indian Sub-continent and then transferred the same to the United Kingdom.
He said the PML-N was in fact the ‘Modern East India Company’, which was repeating the same tactics for stashing away the money looted from the country. The only difference between the PML-N and the East India Company was that the former was local and the latter was original foreigner, he added.
Fawad said those, who used to play local games in “Gawalmandi “ were now watching polo games in London. Any person, who had understanding of the polo games, knew that as to how much expensive it was to have a ‘polo-poly’ in London. “It is a despicable act,” he said while recalling the requests made by the PML-N leadership for leaving the country on medical grounds. He said the people were in pain after witnessing their luxurious lifestyle abroad.
The minister said the Federal Cabinet meeting, which was chaired by Prime Minister Imran Khan, was told that the G-20 had approved the second part of Dalhart’s Group Seasonal Index (DGSI) under which it suspended Pakistan’s $ 3.7 billion loan, which was to be paid instantly, by end of the year, terming it a ‘good news’ for the national economy.
Reiterating the concerns of various political parties of the provincial capital which was allegedly not getting its due share from the PSDP funds provided by the Federal Government, he said it was an open secret now that the socio-economic profile of the many areas in Sindh, including Karachi, Ghotki, Larkana and Badin was worsening due to mismanagement of the allocated funds and corruption.
“The funds being transferred there (Sindh) are being laundered to Canada, Dubai, France and the United Kingdom in a systematic manner,” he revealed. As regards the Federal Cabinet’s proceedings, he said the Ministry of Parliamentary Affairs told the meeting that the legislation on the electoral reforms had been sent to the Senate after its passage from the National Assembly.
He added that a report on the National Database and Registration Authority (NADRA) audit system was also submitted to the Ministry of Information Technology.
The minister said this week, the Election Commission of Pakistan (ECP) was given a detailed presentation on the Electronic Voting Machines (EVMs) by the experts, who also responded to the queries of ECP officials. He said the EVM, developed by the COMSATS, Islamabad, was fully compliant with the 36 conditions given by the ECP in that regard. Fawad said all-out efforts were being made to ensure use of the EVM in the next by-election, as its use in the polling process was the government’s foremost priority.
In addition to that, another initiative pertaining to I-voting for the overseas Pakistanis was also in the process, he added.
He said the Pakistani expatriates were part and parcel of the country’s political system and that was why the government stressed the need for providing them their long-due voting-right at every cost.
The minister, who was astonished by PML-N’s senior leader Ahsan Iqbal for his remarks on the naïve understanding of the expats on Pakistan’s issues, said it was surprising for him to see that it was being said by the representative of a party whose leadership was residing in London.
He said the properties of the PML-N leadership were in London, and there was a need to evaluate the taxes being paid by them in Pakistan and the UK.
The Federal Investigation Agency (FIA), he said, had sent four questions to the PML-N leader Shehbaz Sharif to answer Rs 25 billion money laundering he committed from two sugar mills.
He urged the judiciary to hold hearing of such cases on day-to-day basis. He said it was unfortunate that the hearing dates were not fixed even for six months, and the whole nation had concern over it.
“I have an earnest request to the judiciary to hear major cases on day-to-day basis as the public wants result.”
Fawad asked the media persons to evaluate themselves during the case proceedings in courts whether the same were based on ‘politically manipulation’ or genuine evidence. He said the cabinet also decided that 42.6 percent income share of the Central Business District, being established at the Walton Airport site, would be given to the Civil Aviation, and 57.4 percent to the Punjab government. The Civil Aviation had the ownership of 52 acres land and the Punjab government owned 70 acres land, he added. Due to the airport facility, Fawad said, high-rise buildings were not being constructed in the surrounding locality. He described Imran Khan the ‘only prime minister,’ who was a true environmentalist and environment-friendly PM, and had serious concern that cities were being expanded without any planning that too horizontally. “But, we need to expand the cities vertically.”
The minister said now billions of rupees investment would pour in due to construction of vertical buildings, which would add in the beauty of Lahore city.
He said the cabinet also discussed the ongoing budget session of the Parliament House and viewed the government wanted a thorough debate on the budget and would listen to the constructive criticism. “But, criticism and insult are two different things,” he said, adding the opposition under the garb of criticism was trying to insult, which was not acceptable in any case.
He said an unpleasant attitude was shown towards the government by the opposition. As planned by Opposition Leader Shehbaz Sharif, PML-N MNAs were given the task of sloganeering and misconduct. “We will never allow anyone to do such things in the Parliament.”
He said the PTI government had a unanimity that if the opposition parties had to speak, they would must have to listen to the treasury benches’ point of view first. It could not happen that they [opposition] kept speaking for two to three hours, but started misbehaving and hooliganism on the government’s turn. “The opposition has some misunderstanding that whatever it does is in line with the parliamentary norms, and whatever the government does, is non-democratic. There will be tit-for-tat, you [opposition] will not be able to talk, if you disrupt the speakers from treasury benches,” he said.
He again asked the opposition to first read the budget document and give positive suggestion, assuring to implement its practicable recommendations.