Why Forex Reserves?
Ishrat Hussain September 9, 2002
#55 Posted by Puri on April 12, 2006 11:47:39 am
A Brief Happening of events:
Irfan Iqbal Puri, tortured to extract money, officials driven by greed of reward and appreciation. Irfan was subjected to a total six months of illegal arrest including two months of a 24 hours a day solitary confinement, which also contains a 14 days period at The Attock Fort, in a 4ft x 7ft dark death cell, Irfan was not shown day light for the 14 days at The Attock Fort, was physically, mentally and verbally abused to the limit, perhaps treated as an Indian spy (They are Kept in these cells).
Irfan, was victimized for pure pleasure and greed,
1. A businessman of repute carrying on businesses among others as a member of the Karachi Stock Exchange, Oil Trading, Tank Farms for Oil Storage, Software development, Property Development, etc... Prior to his arrest on December 15, 1999, the victim carried out businesses in Pakistan with Hard work, integrity and acumen, the victim at an age of 37 had earned irreparable reputation for honesty and fair play in all his dealings, national as well as international.
2. NAB without making any good faith investigation or inquiry, which was obligatory on them, arrested Irfan, on December 15, 1999 from his office at Karachi, (On the Jan 16, 2000, the victim was forced to sign some per-dated documents, at Malir).
3. The arrest was not based on reasonable grounds. The victim was never informed of the grounds of his arrest. He was detained at Malir Cantonment for about seven weeks until February 12, 2000, then was shifted and kept at National Accountability Bureau (NAB) Police Station at M.P.A. Hostel Karachi. On February 27, 2000, he was shifted to Attock Fort where he was confined until March 11, 2000 and on which date he was shifted back to Karachi.
4. At Malir Cantonment, he was interrogated several times by the Joint Investigation Team, which included army personnel, and F.I.A. members of the Joint Investigation team searched and collected extensive records of the Companies in futile endeavor to find evidences of corrupt practices on the part of Irfan Puri. The thrust of inquiries and investigation related to foreign currency accounts and evasion of income tax. Irfan, maintained and explained that in view of the Tax Amnesty Scheme announced by the Chief Executive, General Pervaiz Musharaf, on December 15, 1998 and in view of the provisions contained in the protection of Economics Reforms Act 1992 there was no warrant or justification on the part of the Joint Investigation Team to investigate and inquire about his foreign currency accounts and income tax matters. In course of this investigation, it further appeared that Irfan, was detained due to a malicious complaint by one Mr. Mohammad Taufiq El Khattani motivated by enmity and greed for extracting money from his ex-employer, Saudi Pak LPG. Mr. Khattani was pressurizing him to use his business influence on Saudi Pak LPG to which he did not agree.
5. During his confinement at Malir Cantonment, he was kept in Solitary Confinement with effect from January 15, 2000 until he was shifted to the NAB police station situated at M.P.A. Hostel Karachi.
6. Due to extreme agony and distress caused by his detention, both mental and physical health of his wife was gravely affected and his wife suffered a miscarriage.
7. Time and Time again his wife Naveen Puri through her lawyers requested NAB through letters, fax etc to inform of the grounds of arrest and to allow clarification of any alleged Corruption of which he may have been accused. But NAB never informed the grounds and substance on the basis of which the he had been arrested. NAB had no valid ground for his arrest and detention.
8. On February 12, 2000 he was shifted to Nab Police Station at M.P.A. Hostel Karachi where he was kept in Solitary Confinement without any facilities. He was not allowed to meet anyone and was neither provided with proper food or medical facilities despite requests, which were of utmost importance as he is suffering from heart problem since his childhood. Here too he was extensively interrogated and was threatened that his family members would also be arrested if he would not agree with them.
9. ON February 27, 2000, Irfan was flown to Islamabad and was then taken to Attock Fort. There he was confined in a solitary cell, measuring about 4 feet x 7 feet with 18 feet high walls. There was a yellow zero watt bulb on top of an extensively high ceiling and a flat sheet steel door. Light was such that he could not even read the Quran. he went through a series of interrogations at all hours of the day and night. As a form of torture he was forced to keep his hands above his head for hours and was manhandled, pushed/thrown from one to another with a sack covering his head, was subjected to the worst verbal, physical, mental torture. He was threatened with dire consequences, including risk to his life and his family members. Sleep deprivation methods were used upon him. He would be taken out of the cell at odd hours and his head covered with a black sack/hood and a band tied over the hood around his eyes and army men holding him by his arms for interrogation purpose dragging him to another room where he would be interrogated for hours on end. Time and time again he would be asked what his family members were willing to pay to save his life. They would threaten him that if he would not pay up his family members would also be arrested and brought to Attock Fort, the family received phone calls at odd times, also in the middle of the nights and by FIA/NAB officials giving threats, and calling for family members to visit the NAB office/FIA center.
10. After spending 14 days in this death cell without seeing light, Irfan was allowed to meet his father and wife in light and in presence of army men, where his father told him that the NAB officials have been making phone call to Irfan’s father asking him to come over to the NAB offices, that was the final breaking point where Irfan asked his dad to hold it for two days and that Irfan will try is best to settle one way or the other with NAB… if only one could imagine what this meant to Irfan…
11. Since his unlawful arrest he underwent extreme mental torture leading to a complete nervous breakdown and deterioration in his childhood heart condition. He lost more than 12 kg in weight.
12. He finally broke down under threat intimidation and coercion and it was in such a state that he agreed to make payment of sum of Rs. Three Hundred Million to the NAB.
13. After his verbal agreement at Attock Fort to arrange for payment of Rs. 300,000,000/-, he was brought to Karachi on PIA flight from Islamabad in handcuffs on March 11, 2000. The Plaintiff saw sunlight for the first time since he was brought to Attock Fort when he was taken out of his cell without any cloth covering his eyes.
14. At NAB Police Station in Karachi he was threatened, pressurized coerced to agree in writing to the payment of Rs. 300 million, of which Rs. 100 million had to be paid in advance before his release. He was told, “there is no law just pay up”.
15. The FIA and other staff of NAB started visiting the offices and house of Irfan from day to day and harassing the staff members and hindering work, rather making it impossible to run a business. The offices were surrounded by FIA, NAB, Rangers` officials and military personals demanding the remaining payment and threatening dire consequences otherwise. The abuse stretched to a point where some senior office executives were made to strip naked by removal of all clothes hence torture and harassment to unparalleled height.
16. He was also coerced to hand over property documents as “security” for payment of the remaining amount of Rs. 200,000,000/- (Rupees two hundred million). Hence, had to hand over original property documents over to NAB of five (5) properties which actually have an aggregate value of Rs. 400,000,000/- (Rupees Four Hundred Million)..
17. Even after all this, NAB did not release him, but kept him under house arrest / unlawful detention until June 14, 2000.
18. Whilst Irfan, was under house arrest two dozen Rangers were stationed around the clock in and around the house.
19. Irfan, ultimately released from house arrest on June 14, 2000 after 3 months. Total captivity being six months, had several meetings with General Amjad, and suggestions made by Irfan, resulted in savings of over a billion rupees in Oil imports.
20. General Syed Amjad made many promises/ commitments in the name of justice that money extracted from Irfan Puri would be returned to him. General Amjad appreciated and understood that grave injustice had been done, both in private and in presence of various individuals.
21. Irfan, in frustration filed a number of court cases against NAB, FIA, etc, giving the ordeal of the experience gone through, as a result, bogus Income tax/Wealth Tax demands have been issued by the department on the behest of NAB officials visiting the department forcing tax officers to issue demands.
22. Irfan, then also had meetings with General Khalid Maqbool the new Chairman of NAB for justice but regrettably no action was taken.
23. However, on the 17th of May 2003, General Munir Hafiz (as NAB Chairman) visited Irfan`s house in Karachi to meet with his family, Said ``all you have seen of NAB is tha hard side, I want to show the family the softer side of NAB``, during the earlier meetings that Irfan had with General Hafiz, Irfan was told a number of times by General Hafiz that he would arrange for a face to face meeting with General Amjad, Himself (to witness) and Irfan, however, when Irfan asked General Hafiz, as to when the meeting would happen, General Hafiz said ``The meeting can`t take place, I would not want to embarass the General (General Amjad)``.
General Hafeez, on his visit was Kind, straight fowrard, and honest, however, he asked Irfan to withdraw legal prodeeding against NAB, and that NAB would make sure Irfan benefits in other areas, or else.... you can`t fight us.
23. He also sought an appointment with Chief Executive General Pervaiz Musharraf, without success.
Still goes on...
Irfan Iqbal Puri, tortured to extract money, officials driven by greed of reward and appreciation. Irfan was subjected to a total six months of illegal arrest including two months of a 24 hours a day solitary confinement, which also contains a 14 days period at The Attock Fort, in a 4ft x 7ft dark death cell, Irfan was not shown day light for the 14 days at The Attock Fort, was physically, mentally and verbally abused to the limit, perhaps treated as an Indian spy (They are Kept in these cells).
Irfan, was victimized for pure pleasure and greed,
1. A businessman of repute carrying on businesses among others as a member of the Karachi Stock Exchange, Oil Trading, Tank Farms for Oil Storage, Software development, Property Development, etc... Prior to his arrest on December 15, 1999, the victim carried out businesses in Pakistan with Hard work, integrity and acumen, the victim at an age of 37 had earned irreparable reputation for honesty and fair play in all his dealings, national as well as international.
2. NAB without making any good faith investigation or inquiry, which was obligatory on them, arrested Irfan, on December 15, 1999 from his office at Karachi, (On the Jan 16, 2000, the victim was forced to sign some per-dated documents, at Malir).
3. The arrest was not based on reasonable grounds. The victim was never informed of the grounds of his arrest. He was detained at Malir Cantonment for about seven weeks until February 12, 2000, then was shifted and kept at National Accountability Bureau (NAB) Police Station at M.P.A. Hostel Karachi. On February 27, 2000, he was shifted to Attock Fort where he was confined until March 11, 2000 and on which date he was shifted back to Karachi.
4. At Malir Cantonment, he was interrogated several times by the Joint Investigation Team, which included army personnel, and F.I.A. members of the Joint Investigation team searched and collected extensive records of the Companies in futile endeavor to find evidences of corrupt practices on the part of Irfan Puri. The thrust of inquiries and investigation related to foreign currency accounts and evasion of income tax. Irfan, maintained and explained that in view of the Tax Amnesty Scheme announced by the Chief Executive, General Pervaiz Musharaf, on December 15, 1998 and in view of the provisions contained in the protection of Economics Reforms Act 1992 there was no warrant or justification on the part of the Joint Investigation Team to investigate and inquire about his foreign currency accounts and income tax matters. In course of this investigation, it further appeared that Irfan, was detained due to a malicious complaint by one Mr. Mohammad Taufiq El Khattani motivated by enmity and greed for extracting money from his ex-employer, Saudi Pak LPG. Mr. Khattani was pressurizing him to use his business influence on Saudi Pak LPG to which he did not agree.
5. During his confinement at Malir Cantonment, he was kept in Solitary Confinement with effect from January 15, 2000 until he was shifted to the NAB police station situated at M.P.A. Hostel Karachi.
6. Due to extreme agony and distress caused by his detention, both mental and physical health of his wife was gravely affected and his wife suffered a miscarriage.
7. Time and Time again his wife Naveen Puri through her lawyers requested NAB through letters, fax etc to inform of the grounds of arrest and to allow clarification of any alleged Corruption of which he may have been accused. But NAB never informed the grounds and substance on the basis of which the he had been arrested. NAB had no valid ground for his arrest and detention.
8. On February 12, 2000 he was shifted to Nab Police Station at M.P.A. Hostel Karachi where he was kept in Solitary Confinement without any facilities. He was not allowed to meet anyone and was neither provided with proper food or medical facilities despite requests, which were of utmost importance as he is suffering from heart problem since his childhood. Here too he was extensively interrogated and was threatened that his family members would also be arrested if he would not agree with them.
9. ON February 27, 2000, Irfan was flown to Islamabad and was then taken to Attock Fort. There he was confined in a solitary cell, measuring about 4 feet x 7 feet with 18 feet high walls. There was a yellow zero watt bulb on top of an extensively high ceiling and a flat sheet steel door. Light was such that he could not even read the Quran. he went through a series of interrogations at all hours of the day and night. As a form of torture he was forced to keep his hands above his head for hours and was manhandled, pushed/thrown from one to another with a sack covering his head, was subjected to the worst verbal, physical, mental torture. He was threatened with dire consequences, including risk to his life and his family members. Sleep deprivation methods were used upon him. He would be taken out of the cell at odd hours and his head covered with a black sack/hood and a band tied over the hood around his eyes and army men holding him by his arms for interrogation purpose dragging him to another room where he would be interrogated for hours on end. Time and time again he would be asked what his family members were willing to pay to save his life. They would threaten him that if he would not pay up his family members would also be arrested and brought to Attock Fort, the family received phone calls at odd times, also in the middle of the nights and by FIA/NAB officials giving threats, and calling for family members to visit the NAB office/FIA center.
10. After spending 14 days in this death cell without seeing light, Irfan was allowed to meet his father and wife in light and in presence of army men, where his father told him that the NAB officials have been making phone call to Irfan’s father asking him to come over to the NAB offices, that was the final breaking point where Irfan asked his dad to hold it for two days and that Irfan will try is best to settle one way or the other with NAB… if only one could imagine what this meant to Irfan…
11. Since his unlawful arrest he underwent extreme mental torture leading to a complete nervous breakdown and deterioration in his childhood heart condition. He lost more than 12 kg in weight.
12. He finally broke down under threat intimidation and coercion and it was in such a state that he agreed to make payment of sum of Rs. Three Hundred Million to the NAB.
13. After his verbal agreement at Attock Fort to arrange for payment of Rs. 300,000,000/-, he was brought to Karachi on PIA flight from Islamabad in handcuffs on March 11, 2000. The Plaintiff saw sunlight for the first time since he was brought to Attock Fort when he was taken out of his cell without any cloth covering his eyes.
14. At NAB Police Station in Karachi he was threatened, pressurized coerced to agree in writing to the payment of Rs. 300 million, of which Rs. 100 million had to be paid in advance before his release. He was told, “there is no law just pay up”.
15. The FIA and other staff of NAB started visiting the offices and house of Irfan from day to day and harassing the staff members and hindering work, rather making it impossible to run a business. The offices were surrounded by FIA, NAB, Rangers` officials and military personals demanding the remaining payment and threatening dire consequences otherwise. The abuse stretched to a point where some senior office executives were made to strip naked by removal of all clothes hence torture and harassment to unparalleled height.
16. He was also coerced to hand over property documents as “security” for payment of the remaining amount of Rs. 200,000,000/- (Rupees two hundred million). Hence, had to hand over original property documents over to NAB of five (5) properties which actually have an aggregate value of Rs. 400,000,000/- (Rupees Four Hundred Million)..
17. Even after all this, NAB did not release him, but kept him under house arrest / unlawful detention until June 14, 2000.
18. Whilst Irfan, was under house arrest two dozen Rangers were stationed around the clock in and around the house.
19. Irfan, ultimately released from house arrest on June 14, 2000 after 3 months. Total captivity being six months, had several meetings with General Amjad, and suggestions made by Irfan, resulted in savings of over a billion rupees in Oil imports.
20. General Syed Amjad made many promises/ commitments in the name of justice that money extracted from Irfan Puri would be returned to him. General Amjad appreciated and understood that grave injustice had been done, both in private and in presence of various individuals.
21. Irfan, in frustration filed a number of court cases against NAB, FIA, etc, giving the ordeal of the experience gone through, as a result, bogus Income tax/Wealth Tax demands have been issued by the department on the behest of NAB officials visiting the department forcing tax officers to issue demands.
22. Irfan, then also had meetings with General Khalid Maqbool the new Chairman of NAB for justice but regrettably no action was taken.
23. However, on the 17th of May 2003, General Munir Hafiz (as NAB Chairman) visited Irfan`s house in Karachi to meet with his family, Said ``all you have seen of NAB is tha hard side, I want to show the family the softer side of NAB``, during the earlier meetings that Irfan had with General Hafiz, Irfan was told a number of times by General Hafiz that he would arrange for a face to face meeting with General Amjad, Himself (to witness) and Irfan, however, when Irfan asked General Hafiz, as to when the meeting would happen, General Hafiz said ``The meeting can`t take place, I would not want to embarass the General (General Amjad)``.
General Hafeez, on his visit was Kind, straight fowrard, and honest, however, he asked Irfan to withdraw legal prodeeding against NAB, and that NAB would make sure Irfan benefits in other areas, or else.... you can`t fight us.
23. He also sought an appointment with Chief Executive General Pervaiz Musharraf, without success.
Still goes on...
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#53 Posted by arjun_m on September 15, 2002 8:10:02 pm
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#52 Posted by arjun_m on September 15, 2002 8:10:02 pm
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#51 Posted by hobbes on September 13, 2002 6:47:23 pm
Can these figures be disputed?
From Business Recorder dated today -
``Foreign investment interest picking up
EDITORIAL (September 14 2002) : According to official figures, foreign direct investment in the country registered 50 percent increase in the last fiscal year at $484.7 million over the previous year`s figures of $322.4 million.
Expectations are that foreign investment flows would rise to about one billion dollars in the current financial year as could be concluded from the on-going trend of foreign private investment interest both in the establishment of new projects and in the process of privatisation in the country.
In the month of July, the first month of the current financial year, foreign direct investment was estimated at $42.4 million, indicating a 74 percent increase over the amount for the corresponding month of 2001. This shows that foreign investment interest is picking up momentum steadily.
A clear evidence of this trend is to be found in the purchase of 51 percent strategic shareholding in United Bank Limited along with control of management by the Al-Falah, Bestway Group of UAE through open bidding. The induction of foreign investors in one of the larger state-owned banking institutions is undoubtedly a significant development which would definitely evoke further investment interest in Pakistan business groups of the Gulf and Middle East countries.
The new management in the UBL is expected to inject additional resources in the bank, thereby making it more dynamic and financially viable. In this process, not only additional investment from the Gulf is likely to flow into Pakistan but also greater participation can be expected from private investors of that country in Pakistan`s economic development.
While Pakistan`s financial sector is open to foreign investors as required under the WTO agreement, the majority ownership in UBL of a foreign group of investors would further testify to the country`s restriction-free policy to allow management control by foreign investors in the financial sector.
Foreign investment interest is also expected to show up for acquiring controlling interest in several forthcoming prominent estate enterprises such as KESC, PTCL, PSO, OGDC etc., in addition to the Habib Bank Limited. It may be expected that Pakistan`s privatisation programme would attract a improved level of response from potential foreign investors in the coming months in view of revival of guarantees from the US Overseas Private Investment Corporation (OPIC) to intending US investors in Pakistan`s development activities and fresh offers from the Exim Bank of USA of long term loans to finance projects in this country.
The concessional loan flows from the IMF, the World Bank and the Asian Development Bank make up a reassuring backdrop for any foreign private investors planning to make investment in Pakistan. The country`s credit rating has also been upgraded by Moody`s and Standard & Poors recently which is usually taken as a yardstick by private foreign investors and multinational companies to base their investment plans in a developing country.
The oil and gas sector along with mining has been found to be leading in foreign investment flows recently. In the month of July 2002, 40 percent of total foreign investment was absorbed by this sector.
The oil discoveries in the Sanghar district of southern Sindh, of which the latest one is Resham Well, are expected to accelerate the tempo of foreign investment interest in this sector. It may be mentioned here that during the past one year five wells were drilled with positive results in the district of Sanghar.
These wells, owned by joint ventures led by OGDC, are estimated to possess potential reserves of 8,000 barrels of oil per day and 600 million cubic feet of natural gas. The gas reserves in particular have been described by experts as the major addition to Pakistan`s natural gas wealth which would make it possible for the country to comfortably augment its gas utilisation over a long period.
The government`s policy to attract foreign private investment by large offers of maximum incentives and facilities such as ownership by foreigners to the extent of 100 percent, repatriation of original capital without any restrictions in addition to permission to remit profits without any limits and other liberal measures. The investor-friendly policy in oil and gas sector, particularly allowing the pricing of oil and gas on the basis of international trends, is beginning to pay dividends.``
#50 Posted by temporal on September 13, 2002 8:32:20 am
#43 by sameerJB on September 12, 2002:
[…Now this article will have far fewer hits because of being shelved on the back page….]
-- to the right of articles you will see two directional triangles…just click on them and you will get a new page with the latest twenty articles…find this more convenient…
#46 by sameerJB on September 12, 2002
[… Don`t let your deep convictions known on the record. Just an honest suggestion. My situation is different. I can afford to speak loudly…]
-- appreciate the concern you are expressing…but i disagree…first, what is any individual minus convictions?…i care deeply about my convictions and see no reason to shield them or be diplomatic about them…and am willing to be crucified for holding them dear…but then why would anyone want to crucify me for my convictions…of love and equality and justice?
… as a self professed buddhist you are as dear as other friends who are orthodox muslims, ‘un-orthodox’ muslims, jews, christians, hindus, atheists, whatever…
…and the ones who are not dear, and for whom have scant respect are those who generally foam at the mouth…
…who foment hatred and intolerance and are bigots through and through...
…enough about convictions…now, shall say something about my passions?…perhaps another time…
#47 by godot on September 13, 2002
[…I suppose it`s one of those things in life where what we see is what we want to see, however different the reality may be…]
-- precisely!…not only we see what we want to see, we hear what we want to hear too…and this happens on individual levels as well as collective and national levels…on my poem page sigalph235 blasted me for what he deems my insensitiveness…and in the past he has expressed similar views when it comes to US and Israel vs. Palestinians…and though i vehemently disagree with him and believe he views Palestinians with his zio-nazi blinkers on…yet on bina’s board he blasted romair for his views on my Karachi…saying something like he loves Karachi very much and attributes all ills in Karachi caused by ‘north’…so there…disagree with him some and agree with him some…
…then there are polite folks like hobbyty/hobbes…must confess this…had difficulty understanding him when he wrote long winded foggy diatribes and still have difficulty when he has reverted to short meaningless blasts…just kiddin’ hobbes!
…on national and international level...we have your dubya…the president in recent history with the lowest IQ…who seems hell bent upon involving the US again in a conflict without a clearly defined goal and end in sight…and he may actually believe in what he perceives as reality!…and then that bigot Sharon!…
…for those who want to resolve conflicts and crisis and want peace to prevail such distorted viewing/hearing are a nightmare indeed…
khair, enough said,
regards,
temporal
[…Now this article will have far fewer hits because of being shelved on the back page….]
-- to the right of articles you will see two directional triangles…just click on them and you will get a new page with the latest twenty articles…find this more convenient…
#46 by sameerJB on September 12, 2002
[… Don`t let your deep convictions known on the record. Just an honest suggestion. My situation is different. I can afford to speak loudly…]
-- appreciate the concern you are expressing…but i disagree…first, what is any individual minus convictions?…i care deeply about my convictions and see no reason to shield them or be diplomatic about them…and am willing to be crucified for holding them dear…but then why would anyone want to crucify me for my convictions…of love and equality and justice?
… as a self professed buddhist you are as dear as other friends who are orthodox muslims, ‘un-orthodox’ muslims, jews, christians, hindus, atheists, whatever…
…and the ones who are not dear, and for whom have scant respect are those who generally foam at the mouth…
…who foment hatred and intolerance and are bigots through and through...
…enough about convictions…now, shall say something about my passions?…perhaps another time…
#47 by godot on September 13, 2002
[…I suppose it`s one of those things in life where what we see is what we want to see, however different the reality may be…]
-- precisely!…not only we see what we want to see, we hear what we want to hear too…and this happens on individual levels as well as collective and national levels…on my poem page sigalph235 blasted me for what he deems my insensitiveness…and in the past he has expressed similar views when it comes to US and Israel vs. Palestinians…and though i vehemently disagree with him and believe he views Palestinians with his zio-nazi blinkers on…yet on bina’s board he blasted romair for his views on my Karachi…saying something like he loves Karachi very much and attributes all ills in Karachi caused by ‘north’…so there…disagree with him some and agree with him some…
…then there are polite folks like hobbyty/hobbes…must confess this…had difficulty understanding him when he wrote long winded foggy diatribes and still have difficulty when he has reverted to short meaningless blasts…just kiddin’ hobbes!
…on national and international level...we have your dubya…the president in recent history with the lowest IQ…who seems hell bent upon involving the US again in a conflict without a clearly defined goal and end in sight…and he may actually believe in what he perceives as reality!…and then that bigot Sharon!…
…for those who want to resolve conflicts and crisis and want peace to prevail such distorted viewing/hearing are a nightmare indeed…
khair, enough said,
regards,
temporal
#49 Posted by temporal on September 13, 2002 8:12:10 am
SameerJB and godot:
What else can I say?…thanks folks!
…t
What else can I say?…thanks folks!
…t
#48 Posted by hobbes on September 13, 2002 7:18:00 am
Can`t attack the message? Well, attack the messenger. Just attack, don`t discuss the merits of any proposition, just attack.
#47 Posted by Godot on September 13, 2002 6:34:12 am
temporal,
Thank you, t, for playing a peacemaker. You are probably dismayed to see two of your good friends at each other`s throat. It worked for me. I wish everyone was as nice and caring as you. This would be such a wonderful world then.
Sameer,
You are, no doubt, a very intelligent individual. The field of Chemistry is probably one of the most, if not the most, difficult disciplines. The fact that you have a PhD in it is a testimonial to your superior intelligence.
I think we got on the wrong foot and neither understood nor tried to understand each other. I suppose it`s one of those things in life where what we see is what we want to see, however different the reality may be.
As you may have astutely noticed, just like you, some people at Chowk stay away from me. I guess they don`t like me for what I appear to be. They are not necessarily wrong. I am like a book which not everyone understands or likes. It is not meant for everyone. Better not to read it. My characteristics do not appeal to everyone. There is only one problem with that: I like myself. I have looked deep inside me and have concluded that I need not change. I am good the way I am.
If you have nothing non-provoking to say to me, then don`t even mention me in your posts, let alone address me directly. You have maintained that strategy for a long time. Keep it up. I am a good friend, but a lot worse enemy.
Thank you, t, for playing a peacemaker. You are probably dismayed to see two of your good friends at each other`s throat. It worked for me. I wish everyone was as nice and caring as you. This would be such a wonderful world then.
Sameer,
You are, no doubt, a very intelligent individual. The field of Chemistry is probably one of the most, if not the most, difficult disciplines. The fact that you have a PhD in it is a testimonial to your superior intelligence.
I think we got on the wrong foot and neither understood nor tried to understand each other. I suppose it`s one of those things in life where what we see is what we want to see, however different the reality may be.
As you may have astutely noticed, just like you, some people at Chowk stay away from me. I guess they don`t like me for what I appear to be. They are not necessarily wrong. I am like a book which not everyone understands or likes. It is not meant for everyone. Better not to read it. My characteristics do not appeal to everyone. There is only one problem with that: I like myself. I have looked deep inside me and have concluded that I need not change. I am good the way I am.
If you have nothing non-provoking to say to me, then don`t even mention me in your posts, let alone address me directly. You have maintained that strategy for a long time. Keep it up. I am a good friend, but a lot worse enemy.
#46 Posted by SameerJB on September 12, 2002 8:49:48 pm
temporal: Don`t worry about our humor. I do not take it personally or seriously. Temporal you have family to worry about. Don`t let your deep convictions known on the record. Just an honest suggestion. My situation is different. I can afford to speak loudly.
Regards,
Sameer
Regards,
Sameer
#45 Posted by temporal on September 12, 2002 6:04:13 pm
godot #44 and sameerjb #43:
don`t know if it is too late...but in any case...here`s an appeal...PEACE!
godot: sameer displays an off-beat sense of humour...no need to take offense...perhaps you do not realise you two have more values in common than otherwise...
sameer: (shaking my head)...wish you had come to the rendezvous...again, godot is no bigot...he is not even a closet fundo...and again, you two have more in common...khair...speaking of your reasons not to appear in public...am penning something that will definitely put me on the ECL (Entry Control List) at any point of entry into Pakistan...perhaps then you`d have a change of mind?
rgds,
t
don`t know if it is too late...but in any case...here`s an appeal...PEACE!
godot: sameer displays an off-beat sense of humour...no need to take offense...perhaps you do not realise you two have more values in common than otherwise...
sameer: (shaking my head)...wish you had come to the rendezvous...again, godot is no bigot...he is not even a closet fundo...and again, you two have more in common...khair...speaking of your reasons not to appear in public...am penning something that will definitely put me on the ECL (Entry Control List) at any point of entry into Pakistan...perhaps then you`d have a change of mind?
rgds,
t
#44 Posted by Godot on September 12, 2002 1:25:23 pm
Sameer, #43
No, really, sweetheart, or should I say mf and bc, to use your own very colorful language, you Master of Universe, going around explaining to everyone how universe works and how deep and profound it is while thinking like a true jahil and spewing out words that would put Howard Stern to shame. The Buddha is turning in his grave thinking you claim to follow his philosophy!
Jealous cuz I`m not courting u? Yo`mama!!! Wanna smell me?
Yes, Sameer darling, get ready for the next round with me. But remember my motto: Don`t mess with me.
No, really, sweetheart, or should I say mf and bc, to use your own very colorful language, you Master of Universe, going around explaining to everyone how universe works and how deep and profound it is while thinking like a true jahil and spewing out words that would put Howard Stern to shame. The Buddha is turning in his grave thinking you claim to follow his philosophy!
Jealous cuz I`m not courting u? Yo`mama!!! Wanna smell me?
Yes, Sameer darling, get ready for the next round with me. But remember my motto: Don`t mess with me.
#43 Posted by SameerJB on September 12, 2002 11:48:14 am
It was good to have a meaningful discussion in the middle of divorce proceedings (arjun_m and others) and courtship (Urstruly and gdot). Now this article will have far fewer hits because of being shelved on the back page. Thanks to asaleh1, sac and faruk for their well intentioned and unbiased posts and also to Dr. Ishrat Hussain for writing this article. Let the coming days, months and years be a judge about the merits of forex reserves.
The two love birds were also courting nicely starting with mutual admiration, then appreciation and then expressing with least words count as in poetry. I was just waiting and hoping to see who takes the first step of saying: ``aap jaisa koi meri zindgi maiN aaye``. Oh well, hopefully they will learn from this experience. In this fast moving and changing world, slow desi-style courtship has its disadvantages of missing the train.
The two love birds were also courting nicely starting with mutual admiration, then appreciation and then expressing with least words count as in poetry. I was just waiting and hoping to see who takes the first step of saying: ``aap jaisa koi meri zindgi maiN aaye``. Oh well, hopefully they will learn from this experience. In this fast moving and changing world, slow desi-style courtship has its disadvantages of missing the train.
#42 Posted by sadna on September 12, 2002 8:51:08 am
This is a worrying comment on related matters. Any comments?
http://www.hinduonnet.com/stories/2002091202511800.htm
Counsel of despair
By Prem Shankar Jha
http://www.hinduonnet.com/stories/2002091202511800.htm
Counsel of despair
By Prem Shankar Jha
#41 Posted by Urstruly on September 12, 2002 8:12:55 am
Dear People
Please discuss the issues at hand and not my personality.... because that sets sacs and grandma temporals pants on fire.
Please discuss the issues at hand and not my personality.... because that sets sacs and grandma temporals pants on fire.
#40 Posted by sac on September 12, 2002 7:28:20 am
A lot of discussion here is delving into missing the forest for the trees variety. At the end of the day, the exchange rate for a currency is determined by good ole forces of supply and demand. Massive infusions of dollars by the US and other western creditors, remittances by overseas Pakistanis,relative stability in Afghanistan requiring Rupees for reconstruction, rescheduling of loans requiring little payment in the near term,global weakening of the dollar against all major currencies are all factors that make the flows to tilt in the home currency`s favor. Digging a little deeper, in the absence of any signals that speak of strong internal or external investment(which would require conversion of dollars into rupees and a corresponding drawing down in reserves) it is actually a contrarian indicator that tells us that entrepreneurs are wary of investing in Paksitan.
All this talk is taking away the focus from what should be the ultimate aim of any governmental economic policy. Uplift and economic betterment of the common man. If that is not being accomplished you can take your foreign exchange reserves and stick em where the sun never shines.
later
-sac
All this talk is taking away the focus from what should be the ultimate aim of any governmental economic policy. Uplift and economic betterment of the common man. If that is not being accomplished you can take your foreign exchange reserves and stick em where the sun never shines.
later
-sac
#39 Posted by Humsab on September 12, 2002 6:53:10 am
arjun_m
Keep it up and give back as hard as you can!
Regards
Keep it up and give back as hard as you can!
Regards
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