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.

Starting Follow up of the G-20 London Summit 2009

G-20 London Summit 2009 emphasised on the STABILITY-GROWTH-JOBS slogan
SO LET WE CHASE AND HELP THEM TO ACCOMPLISH THESE GOALS FOR THE YEAR 2009



Look at the following news:

BECAUSE SGPP WOULD MAKE A FOLLOW UP OF THIS:



http://en.mercopress.com/2009/04/02/g-20-agrees-on-1.1-trillion-usd-and-tougher-rules-to-tackle-global-crisis

Thursday, April 2nd 2009 - 10:15 pm UTC

G-20 agrees on 1.1 trillion USD and tougher rules to tackle global crisis
Leaders of the world’s largest economies have reached an agreement to tackle the global financial crisis with measures worth 1.1 trillion US dollars.

To help countries with troubled economies, the resources available to the International Monetary Fund (IMF) will be tripled to 750 billion. There will also be sanctions against secretive tax havens and tougher global financial regulation.

And the G20 has committed about 250 billion to boost global trade.

President Barack Obama said the summit could mark a "turning point" in the pursuit of economic recovery and made progress in reforming a "failed regulatory system".

"By any measure the London summit was historic. It was historic because of the size and the scope of the challenges that we face and because of the timeliness and the magnitude of our response," he said.

Prime Minister Gordon Brown said there was "no quick fix" for the world economy but there was a commitment to do whatever was necessary.

"This is the day that the world came together to fight back against the global recession, not with words, but with a plan for global recovery and for reform and with a clear timetable for its delivery," Mr Brown said.

The deal was announced shortly before the European stock markets closed and gave leading indexes a significant boost. London's FTSE 100 index of leading shares ended 4.3% higher. In Paris, the Cac 40 jumped 5.4% and in Frankfurt, the Dax rose 6%.

On behalf of the G20, Mr Brown announced the following steps:

Bankers' pay and bonuses will be subject to stricter controls
A new Financial Stability Board will be set up to work with the IMF to ensure co-operation across borders and provide an early warning mechanism for the financial system
There will be greater regulation of hedge funds and credit ratings agencies
A common approach to cleaning up banks' toxic assets has been agreed
The world's poorest countries will receive 100 billion extra aid.
G20 countries are already implementing the biggest economic stimulus "the world has ever seen" - an injection of 5 trillion by the end of next year.
The IMF has been one of the biggest beneficiaries of the G20 summit. The resources it has to help troubled economies will be increased to 500 billion. An overdraft facility will also be increased to 250 billion (in the IMF currency, so-called Special Drawing Rights) that all members can call upon.

Mr Brown said the Organisation of Economic Co-operation and Development would publish a list of tax havens later on Thursday and actions would be taken against those that did not comply with international rules. "We have agreed tough standards and sanctions for use against those who don't come into line in the future," he said.

President Obama was said to have played a key role in brokering the agreement, resolving differences between France and China on tax havens. Another G20 summit will be held later this year to check on progress.

French President Nicolas Sarkozy said that the conclusions of the G20 summit were "more than we could have hoped for". Earlier, there had been suggestions of rifts between France and Germany and the US and the UK.

The US and UK emphasised the need for public spending to ease the crisis while France and Germany were keen for tougher financial regulation. Mr Sarkozy had threatened to walk out of the meeting if it did not yield concrete results. German Chancellor Angela Merkel also praised the outcome.

She said the new measures would give the world a "clearer financial market architecture" and the agreement was "a very, very good, almost historic compromise". Her finance minister, Peer Steinbrueck, said he was pleased that the G20 statement did not oblige states to launch further economic stimulus packages.

The G20 countries have pledged 100 billion USD in aid for developing countries, more than expected. The money will be dispensed through multilateral lenders such as the Asian Development Bank.

The measure that could make the most difference in the short term for the poorest countries is the availability of 250 billion of trade credit, says BBC international development correspondent David Loyn. It will enable goods currently rotting on the quayside in Africa to move again, he says.

BBC business editor Robert Peston said the tougher financial regulation announced by the G20 was a significant step. He said it sounded the death knell for the freewheeling Anglo-American way of banking and conducting financial markets. However, he said the measures would not get the world out of recession overnight.

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