Saeed Abbasi again offers government to help in getting budgetary support

Attention: Mr.Shuakat Tarin,
Honorable Federal Adivisor to the Prime Minister on Finance,
Government of Pakistan.


Honorable Sir,

This moderator Saeed Khan Abbasi once again offers his SEMFO Global Plan based services to the federal government in the face of your recent announcement regarding the $4bn's budgetary support which you seek from Friends of Pakistan forum(an international donor set up).

I have already annoyunced and offered in November 2008 to help Pakistan in crucial recession situation and to obtain adequate funding through my suggested strategy without relying on the IMF and other donor agencies.As I have offred and challenged before and again I offer and challenge that:

@ Through my SEMFO Global Plan based strategy I can enable Pakistan to arrange around $25bn to $35bn for a long term period besides enabling Pakistn's next budget DEFICIT Free despite stern conditions.

(FOR ANALYSING MY PREVIOUS OFFER PLEASE READ "PAKISTAN PLAN MODEL" LINK ON THIS BLOG)



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Following is the news text of Mr.Shuakat Tarin's press conference of Monday, April 13,2009.


http://www.thenews.com.pk/daily_detail.asp?id=172256

Pakistan to seek $4bn budgetary support from FoDP: Tarin

Says militancy caused closure of 22,000 industrial units in NWFP, Balochistan

Tuesday, April 14, 2009
By Khalid Mustafa

ISLAMABAD: Pakistan will seek $2 billion for security related projects; $4 billion as budgetary support for health and education for next years and $1-2 billion for Trust Fund to cater to development needs of NWFP and Balochistan, said Advisor to Prime Minister on Finance Shaukat Tarin

Flanked with Federal Information Minister Qamar-uz-Zaman Kaira, Tarin during the press briefing on Meeting of Friends of Democratic Pakistan here on Monday said that Pakistan having sustained $35 billion loss in the war on terror during last 7 to 8 years will sensitise the Friends about worsening law and order situation that has arisen out of fight against militancy.

He mentioned that because of the increase in militancy, some 2,200 industrial units in terrorism-hit NWFP and troubled Balochistan have been closed down and about 590 units are in operational form.

“This has triggered huge poverty in the said federating units, which has given impetus in militants’ activities in general in the whole country and in particular in NWFP.” Tarin said: “During the FODP and Donors moot, broad based problems of Pakistan will be identified.”

Pakistan diverted huge resources from other sectors of economy to fight war on terror, which is why main social sectors of education, health and projects to erase poverty remained neglected.

Pakistan is in dire need of $4bn for allocating maximum budgetary allocation for education and health, which will ultimately help erode the poverty. “Pakistan is at present spending 15pc of GDP on education while 0.5 to 0.6pc of GDP on health which is very low while India is spending 4 to 5pc of GDP on health and education.”

He said that on security front, Pakistan needs Special Forces equipped with latest equipment and training to deal with militants, as the conventional forces of Pakistan do not have capacity to deal with this menace.

To a question he said that Pakistan would seek $2 billion for security related schemes. He said that because of the ongoing war Pakistan has now about 300,000 Internally Displaced People who need to be taken care of properly, but Pakistan lacks resources to handle IDPs.

When his attention was drawn to the fact that donors are ready to come up with about 60 billion dollars commitments but they want the transparency of international standards to gauge the right utilization of funds, Tarin said that Pakistan would ensure the transparency in utilisation of funds and good governance while getting the commitment of about $30 billion for medium to long terms partnership for development in various sectors of economy.

The advisor said that Pakistan needs to get its house in order and the commitment for transparency and good governance has been included in the 9-point agenda, which Pakistan would share from FoDP.

Coming to the initiative that the government is undertaking to address the poverty, safety nets would be ensured under Benazir Income Support Program. For this purpose, with the help of World Bank, poverty census has been initiated in about 16 districts.

“Once this process gets completed, every house which falls in the poverty census will be given Benzair Card of Rs1,000 per month. Moreover one person of the said house will also be given skill keeping in view the needs of their particular areas so that he could get the jobs there. The skill development would also be given for overseas employment.

“This will help reduce the poverty in the country.” He said that Health Insurance of Rs20,000 for below poverty people would be introduced.
Posted by saeedabasi at 5:09 AM 0 comments

NATIONAL BLOGGERS CONFERENCE 2009

National Bloggers Conference-2009, the ever first bloggers' event in South-Asia and Pakistan was held on Saturday, April 18,2009 in Karachi. Ministry of Information Technology Sindh was organizing body of the said event. Federal Minister for Overseas Pakistanis Dr.Farooq Sattar was the Chief Guest and spoke well on the event to explain his ministry's initiatives for bloggers so that this new and most effective medium in the cyber world could be utilized well.

Speaking on the occasion the provincial minister for the Information Technology Raza Haroon emphasized the need of blogging in the modern era. He assured the bloggers for his maximum cooperation in this regard.

Pakistani Bloggers including the President of Pakistan Software Houses Association (PASHA) Ms. Jehan Ara gave presentations on the different aspects of blogging. A Question and Answers session was carried at the event too, putting different queries regarding the present and future of blogging in Pakistan.

Young IT expert Ali Chisti and his co-host did an excellent job as HOSTS of that great event.


I participated the conference and discussed some fruitful issues with participants of the conference.

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SEMFO Global Plan Project (SGPP) provides socio-economic analysis and decision support strategy based services to help you make the most excellent and updated socio-economic or business decisions. SGPP uses innovative SEMFO Global Plan structured to maximize an economic stability, and in case of business a possible return on investment even during the recession.
Salient features of SEMFO Global Plan:

@ SEMFO Global Plan has been announced in the face of recent domestic & international economic recession that happened during November 2008 and onward.

@ Through SEMFO Global Plan, it is possible to take any economy/country or organization out of even bad recession situation ranking them among the top class successful competitors.

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SEMFO Global Plan focuses on the four very important segments of an ideal and sustainable Economic Development, which are:

1) Physical Infrastructure 2) Energy & Power 3) Tele-Communication 4) Information Technology

Development activities and services are available in the following:

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Health and Nutrition
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› Business Environment › Foreign Direct Investment › Knowledge Economy › Micro finance › Poverty
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Regional Interest

› African, Arab, South-Asian Socio-Economic Reforms › China market

SEMFO PAKISTAN PLAN MODEL

SEMFO PAKISTAN PLAN MODEL

• Through the said SEMFO Plan, I would enable Pakistan to draft Deficit Free Federal Budget despite stern domestic and international economic conditions.

• By presenting the said plan I would like to set the example that besides government, people from all walks of life should move ahead to get the country out of such crisis-like situation without any political or vested interest.

• SEMFO plan is aimed at enabling strong lobbying & image building strategy throughout the world for Pakistan with the help of private sector.

• My proposed SEMFO Plan will enable Pakistan to get rid of trade, fiscal and social sector deficit.

• It will enable Pakistan with immediate emergency liquidity funding to tackle the default threat. In the face of Pakistan’s recent requirement for around USD: 6 to 9 billion's funds during November 2008 for which Pakistan had to opt for the IMF Loan Facility finally, such funding is possible through the SEMFO plan.

• With SEMFO Plan, there would be no need to rely only on the IMF or World Bank for Pakistan’s own fiscal and economic budget making, while these donors and agencies like the IMF, WB, ADB and Friends of Pakistan will be engaged as Pakistan's Economic Development Friendly Advisors instead of the only Loan Providing Sources.

• SEMFO formula would help Pakistan to avert any default situation in international market (as it is due in February 2009 because of a due payment against USD: 500 billion's Euro Bonds).

• SEMFO Plan would enable Pakistan to generate funds of about USD: 40 to 50 billion for three and five years' fiscal period.

• SEMFO Plan would slash high inflation rate. For example from recent/current inflation rate of 17% can be slashed to 2% (Over all 25% to 4%), Poverty rate of current 40% can be decreased to 15% and gradually at very low level. Besides this SEMFO Plan will make more than 50% increases in currency value.

• SEMFO would increase Pakistan’s GDP growth rate from 3-4% to 25% and 50% onward in short period.

• My plan would enable the ongoing current account deficit of 15% to around 5%, Pakistani reserves will be more than USD: 10 billion constant for five years, foreign remittances of Pakistani abroad will be turned into attractive investment plan which would enable Pakistan to have about USD: 15-20 billion reserves in account.

• According to the said SEMFO Plan, Pakistan would not need to slash a huge amount of 60 to 100 billion rupees instead of this our budget would provide more than 100 billion rupees for development projects.

• Stable and positive purchasing power for all Pakistanis with an investment heaven image of Pakistan is the focus with this plan.

• I also offer to prepare a "Credible Recovery Plan" of Pakistan for international donor agencies, countries and monetary organizations like the IMF, WB etc as well as domestic agencies to get Pakistan out of 700 billion rupees outstanding amount, which Pakistan has to pay.

• I am quite sure that by implementing this plan, Pakistan would not only become more economic power in the region but would be a leading Food and Energy Resources Generating and Planning country of the world.

(Note: Statistics quoted above are based on October-November 2008’s statistics).

Our Potential Clients:

Federal/local governments and related governmental, semi-governmental bodies at all levels in any region;

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