Pakistani Currency(Front)

NAB accuses corruption cases against five bureaucrats

ISLAMABAD: The National Accountability Bureau announced on Friday that it will file corruption cases against five bureaucrats, according to a DawnNews report.

The bureau, led by it acting chairman Irfan Nadeem also took the decision of not pursuing any action against politicians.

The bureaucrats included in the list are Mirza Abid Hussain Baig (former bureaucrat), Muhammad Afzal Gujjar (former DIG police), Irfan Elahi Johri (Services Cooperative Credit Corporation), Karim Baryali (Cooperative Housing Society) and Nawaz Ahmed (contractor).

Mirza Beg, an ex-secretary Punjab Workers Welfare Board and Saeed Zafar, ex-deputy secretary Labour and Man Power Department have been accused of misappropriating rupees 17.63 million from the funds of Punjab Workers Welfare Board, Lahore.

While Muhammad Afzal Gujjar, Ex-DIG police has been accused of making assets beyond his known sources of income and he also could not explain expenditures worth over 8.5 million and bank transactions amounting to over 6.5 million rupees.

The third reference is against Irfan Elahi Johri, Vice-Chairman of Service Cooperative Credit Corporation Limited and Imtiaz Elahi Johri, who had allegedly misused his authority to cause undue benefit to extend draft facility of rupees 10.63 million.

References were also filed against Abdul Karim Baryalai and others involved in illegal allotments and transfer of plots by the administration of the cooperative housing society.
The fifth corruption reference was filed against Nawaz Ahmad who has been allegedly involved in use of substandard material in installation of 20 Windmills at Pishin district of Balochistan.

Our Funny Money

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford
The curse of price inflation haunts us. There seems to be no respite for the common man. Everything is becoming more and [...]

Time and Money Running Out for Pakistan

You wouldn't want to be the President of Pakistan: Even as the military finds itself embroiled in a war against militants that much of the country's elected leadership (and even more of the electorate) opposes, it's hard even to keep the lights on as the limits of the country's electricity supply mean daily blackouts in major cities. The economy, meanwhile, is in a perilous state, with inflation running rampant, the currency having lost a third of its value, and foreign currency reserves reduced to the point that they can finance no more than six weeks of imports. Pakistan, in fact, is in danger of defaulting on its substantial foreign debt if it can't get help either from its friends or from the IMF — and the price of such help will be politically unpopular: a stepped up effort against the Taliban and, perhaps, some tough domestic economic reforms.

No wonder, then, that the forthcoming U.S. National Intelligence Estimate (NIE) on Pakistan reportedly makes "bleak" reading. The NIE represents the consensus of the 16 U.S. intelligence agencies, and according to a McClatchy newspapers report, an official familiar with the contents of the document that will brief the next President says it warns that Pakistan has "no money, no energy, no government". Washington's primary concern remains al-Qaeda, which John Kringen, the CIA's director for intelligence, recently described as being "resurgent" and "well-settled" in Pakistan's tribal areas. But the presence of Bin Laden's group is enabled by an indigenous militant insurgency — the Pakistan Taliban — and Pakistani leaders remain divided over how to respond to this challenge.

President Asif Ali Zardari and his seven month-old civilian government have given priority to combating militancy, and having abandoned failed negotiations with the Pakistan Taliban, the army is currently fighting militants in the notorious arms manufacturing town of Darra Adam Khel, the scenic Swat Valley, and most visibly in the Bajaur tribal area. Although the U.S. NIE reportedly criticizes the Pakistan army for a "reluctance" to launch an all-out confrontation with the militants, military spokesmen point out that the Pakistan army has lost over 1,500 troops since it began confronting militants on its own soil. And they see the tide turning in their favor in the ten-week-old military operation in Bajaur, where they say the Taliban last week offered negotiations — a sign, say government officials, that the militants' resolve is weakening. "It was the first time that the government rejected an offer of peace," says Mehmood Shah, a former chief secretary for Pakistan's tribal areas.

Pakistani officials are also encouraged by the emergence of tribal militias who have turned on the Taliban. "We cleared them out of our area in a week," says Akhunzada Chettan, a lawmaker from a part of Bajaur, and there have been similar successes in Dir and, reportedly, Lakki Marwat. These developments are significant, officials say, because in the past the tribes had feared that the army would fail to protect them.

Although the current offensive in Bajaur and other areas has been applauded by Washington, Prime Minister Asif Zardari is having a harder time convincing his own people of the wisdom of waging war on the militants. While some had hoped that last month's horrific terror attack on the Marriott Hotel in Islamabad would rally the nation to fight militancy, instead divisions have only deepened. Recent opinion polls still find a majority of Pakistanis opposed to their government's support for Washington's "war on terror" — despite their anger at the recent wave of suicide bombings, these Pakistanis believe the attacks are a consequence of Pakistan waging "America's war".

Zardari had hoped that holding a parliamentary debate on how to respond to militancy would help make the campaign "Pakistan's war" and give the military political support for its actions. But after more than two weeks of behind-closed-doors deliberations, parliament unanimously adopted a resolution urging a resumption of dialogue with the militants, and an end to military operations "as early as possible". Although the parliamentary debate reflected the power plays of a political culture in which parties rarely put the national interest above their own, it also reveals a profound difference in perspective even within the ruling coalition — Zardari's allies in the religious Jamiat Ulema-e-Islam party demanded an end to military operations against the militants.

"The military wants political back up, and the government is supporting them, but I do not expect all the parties to unite," says military analyst Hasan Askari-Rizvi. "The political leaders seem too interested in settling scores against each other."

The absence of a consensus on fighting the militants compounds Zardari's difficulties in tackling the economic crisis he inherited — a crisis that, in turn, threatens to deepen the militant challenge. Rising world oil and food prices have sent the inflation rate soaring to 25% (and as much as four times that on basic foodstuffs), while the political uncertainty over the past 18 months fueled extensive capital flight that has weakened the rupee and depleted forex reserves. A failure to increase the capacity of electricity production now plunges Pakistan's main cities into darkness for up to ten hours a day, with longer periods in rural areas. Industrial output has shrunk with employers now laying off employees they can no longer afford to keep. And Pakistanis have begun to take their anger to the streets. In parts of Lahore on Monday, scores of protesters laid siege to the local office of the electricity utility, ransacking the building and burning their electricity bills. The mounting economic crisis is likely to fuel social unrest — "The general mood is one of despair," says Yousuf Nazar, a leading economic commentator. And despair and anger among Pakistan's poor are likely to swell the ranks of the militants.

The bleak economic situation has prompted Pakistan to desperately seek aid from such long-term allies as Saudi Arabia, Britain, the U.S. and China. Despite Zardari flying to those countries in recent weeks to make his case, he has yet to secure the loans needed to avoid a default on Pakistan's debt. Pakistani officials insist that they have no intention of defaulting, and the Pakistani rupee rose this week amid signs that the International Monetary Fund might step in to rescue this frontline state in the war on terror. The IMF confirmed Wednesday that it would soon enter discussions with Pakistan over ways to assist its economy. But help from the international community will almost surely be conditional on a more robust effort against the militants — an option that raises political problems for Zardari — and also on economic reforms that might prove unpopular. There are clear and challenging downsides to any of the choices available to Pakistan's leadership right now. And playing for time may not be an option in the face of that dwindling pile of foreign exchange reserves.

SBP in Oblivion over K2’s Name

Seems like every Pakistani child knows that its Karakoram Range and K-2 peak, State Bank of Pakistan (SBP) doubtful though. On top of it, proof reading culture is not very popular in Pakistan. In the latest release of Rs 50 note the K2 peak has been written as the ‘Karakoram Peak’.

Earlier this month, SBP launched newer note of Rs. 50 and re-launched note of Rs. 5. The notes were approved by federal cabinet (I’m forgetting if this is the graduate cabinet or there are exceptions included?). A thorough briefing on security features embedded in notes was given by Dr. Shamshad Akhtar as well. The back side of Rs. 50 note displays a beautiful view of World’s second tallest peak and the all-famous K-2, situated in the Karakoram range. A sales executive in Peshawar raised the point and a very valid one. As The News report:

SBP should clarify the situation. Its efforts to promote Pakistan’s landmarks such as the K2 peak on its currency notes are praiseworthy, but it should be careful not to distort facts.Either its just an innocent mistake or we really do need to straighten out some facts here.

Pakistan Currency Notes & Coins

When Pakistan came in to existence on 14 August 1947, it had no currency notes or coins of its own, nor a central bank or mint to print paper currency or mint coins. In order to cope up with the requirement of the new country, the Governor General of undivided India issued the Pakistan (Monetary System and Reserve Bank) Order, 1947 on 13 August 1947, the day before partition. Under this order, the Reserve Bank of India was to act as the common currency authority for India and Pakistan until 30 September 1948, allowing a cushion period of almost a year for the newly born state to issue its own currency. As an interim arrangement, the currency notes and coins issued by the Reserve Bank of India and the Government of India were to be the legal tender in Pakistan.

Thus from 14 August 1947 to 31 March 1948 the currency notes and coins issued by the Reserve Bank of India and Government of India were used. On 1 April 1948 the currency notes were inscribed with “"Government of Pakistan" both in Urdu and English, and placed into circulation under the responsibility of the Government of Pakistan. So, following a seven-month period where notes of the Reserve Bank of India and the Government of India continued to circulate in Pakistan, modified notes of the Reserve Bank of India in the denominations of 2, 5, 10 and 100 rupees were introduced as planned, along with modified 1-rupee notes of the Government of India. The Indian currency consisted of two inscriptions on the front of the notes: at the top of the white area reserved for viewing the watermark the words "GOVERNMENT OF PAKISTAN" were inscribed in English, while at the bottom of the white area the Urdu rendition of the same phrase appears, i.e. "Hakoomat-e-Pakistan". For these inscriptions, the printing plates were modified, instead of overprints to avoid forgery.

In the meantime, the Pakistan government tasked its Finance Ministry to set up the country's own state bank by 1 July 1948. Despite the scarcity of staff, since most of the non-Muslims workers had left for India and resources, the Pakistani staff took upon themselves it as a challenge to set up the state bank three months in advance of the dead date of September 1948. The government issued the "State Bank of Pakistan Order, 1948" on 12 May 1948 under the authority vested in the Governor General of Pakistan by the provisions of Section 9 of the Indian Independence Act, 1947. Once the State Bank had been established, the efforts intensified to issue Pakistan's own currency much before the given date.

The initial set of bank notes, in the denominations of 5, 10 and 100 rupees, was prepared by Thomas De La Rue & Company of Great Britain. The 5-rupee note was deep blue, the 10-rupee in red, and the 100-rupee note was in rich green colour. Until 1952 the notes produced for Pakistan had come from a variety of sources. The inscribed notes of the Reserve Bank of India, which were printed at the Government of India’s Security Printing Press at Nasik. The first issue of Rs. 5, 10 and 100-rupee notes was produced by Thomas De La Rue and Company in Great Britain, while the Re. 1 and Rs. 2 notes were produced in Great Britain by Bradbury Wilkinson and Company.

After settling down with the issue of the requisite currency, the next step was the setting up of the first Security Printing Press under the Pakistan Security Printing Corporation at Karachi. The press was owned partially by the British security printing company Thomas De La Rue & Co. Ltd. (40%) and partially by the Government of Pakistan (60%). The paid up capital for the Corporation was 7.5 million rupees. The foundation stone for the new printing works was laid in Karachi by the Muhammad Ali Jinnah, the Governor General of Pakistan, on 11 March 1949. 

Till 1960, when Pakistan adopted the metric system, one Pakistani rupee had 16 ana and each ana having 4 paisa, i.e. one rupee having 64 paisas. And as for the coins, there were coins of one, two paisa, one ana, two ana, 4 ana, 8 ana and one rupia (rupee). Thus, one ana was the basic coin.

Then in 1960, the country switched to metric system and now one Pakistani rupee had 100 paisa. TAhe coins were of one, two, five, 10, 25, 50 paisa. Later a coin of one rupee was also added. Currency notes of 1,2,5,10,50,100 and 500 have been in use for quite sometime now.

The present currency notes in circulation are of Rs.5, 10, 20, 50,100, 500, 1000 and 5000 denominations. Lately, owing to the diminishing value of the sub divisions of one rupee, not only the currency notes of one, two and five have been replaced with coins, but also all coins of lower than one rupee have ceased to be of any value and are not in circulation anymore.

Pakistan Tightens Forex Monitoring

The State Bank of Pakistan will monitor all foreign exchange transactions with finer granularity to curb outgoing remittances and stabilize value of the Pakistan Rupee, reports on Thursday suggest.

Foreign exchange firms in Pakistan are currently required to report transactions above $5,000 at the close of business every day. Transactions below $5,000 were not the State Bank’s radar previously. However, going forward every transaction will have to report every day.

State Bank’s circular to the exchange companies today said, “Exchange companies would report, on daily basis, all transactions, regardless of amount, made by them on account of sales and purchased over the counter, besides daily reporting of outward remittances.”

Exchange firms are also required to submit daily information about their “contract” transactions of sale and purchase with other exchange firms and authorized dealers. The central bank has also asked the exchange companies that daily statement of FYC cash sales/purchase should reach SBP the same day, latest by 7 pm, as per proper procedure described by the State Bank.

SBP has warned the exchange companies that any delay in reporting will be dealt strictly under related rules and regulations. In another move, the SBP has also imposed condition of producing CNIC and submitting a copy at the time of buying and selling of even one dollar at any exchange company, and now exchange companies would report to SBP with CNIC numbers. Sources said that SBP has taken these steps after continued deprecation of rupee against dollar in the wake of the rising smuggling of dollars to the Afghanistan.

“The smuggling is being made through Chaman and Peshawar border to Afghanistan nowadays, which has created some shortage of dollars in the domestic market”, they said. However, they said, steps taken by the central bank would result in negative impact on the currency market, and people would move to black market. Despite SBP’s actions, the rupee is being depreciated against dollar, and on Wednesday it was being traded at Rs 86.60 per dollar in the open market, they said.

How to Convert Pakistani Rupees to Dollars

The Pakistani rupee, abbreviated PKR, is the official currency of the South Asian country of Pakistan. Pakistan residents need to exchange the currency to United States dollars (USD) when traveling to the U.S. or surrounding countries that use the dollar, such as Puerto Rico or the Virgin Islands. The conversion is also useful when doing international transactions, as most are done using the dollar. You can quickly make the conversion using a currency converter online. Various conversion tools use the most updated exchange rates, as they change daily.
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Pakistan in talks with China on currency-swap deal

By Faisal Aziz

(Reuters) - Pakistan is in talks with China on a currency-swap deal with the aim of conserving its foreign exchange reserves, a senior Pakistani finance official said on Wednesday.

Pakistan was forced to agree to an International Monetary Fund (IMF) emergency loan of $7.6 billion in November last year to avert a balance of payments crisis and shore up its reserves, which had then fallen to $6.6 billion, largely because of a soaring import bill.

The IMF, which increased the loan to $11.3 billion in July, has disbursed more than $5 billion.

Pakistan's foreign exchange reserves have recovered some ground and stood at $13.72 billion in the week ended on Nov. 28, according to central bank data, though they are still lower than a record high of $16.5 billion in October 2007.

Under the proposed deal, Pakistani importers would be able to buy machinery and other goods from China in Pakistani rupees instead of U.S. dollars, said the official, who is familiar with the negotiations but declined to be identified.

"There have been initial talks on this proposal but the Chinese side is yet to take a decision," the official said.

"This can be a barter sort of a deal. The rupee payments made by Pakistani importers can be utilised by Chinese companies working here or by the Chinese yarn importers," he said.

Another senior government official confirmed the talks but declined to give details.

Pakistan's central bank governor had discussed the proposal with his Chinese counterpart, but it was likely that the issue would have to be taken up at other levels within the government, the first official said.

In the 2008/09 fiscal year that ended on June 30, Pakistan's imports from China were worth $2.7 billion out of total imports worth $31.6 billion, according to central bank data.

Exports to China were worth $660 million out of total exports worth $17.9 billion.

Analysts say any such agreement would help steady Pakistan's reserves and the rupee , which has weakened 5.9 percent this year after losing 22.12 percent last year, and is this week trading at 2009 lows.

Pakistan's some old currency note which one you have seen ever?

Images of National Leaders Be printed on Rupees!

Apart from the issue of the devaluation of the Pakistani Rupees due to the down sliding economy, the issue of the images of our national leaders be printed on the rupees is not something often discussed. All of our rupee coins and notes have the image of Quaid-e-Azam, and probably it is evident that so far Quaid-e-Azam is the only national figure that has able to survive in the minds of the youth and masses in general.

What if we have the images of our other national/ historical leaders???

According to Geo News:

“The minister for Defense Production Sardar Abdul Qayum Jatoi has urged for the print of Allama Iqbal image on 100-rupees currency note as this will be a good message for youth.

He said most of the countries have printed the images of their national heroes on currency notes so we must print the image of our national poet Allama Iqbal on 100-rupees currency note.

Having just Allama Iqbal’s image on 100 rupee will be a small step, but a better step. It is important more than ever in these times when the youth of Pakistan have absolutely no connection what so ever with creators and pioneers of Pakistan. In the United States, each note of a Dollar has  an image of one of the unanimously great President. The first President George Washington is on the 1$ note, and then other Presidents. Although, we do not have any Prime Ministers that we can their images on, we do have plenty of national leaders who fought and shaped the image of Pakistan- The Land of the Pure.

I am here suggesting some of the names:

Allama Iqbal,

Liaqat Ali Khan,

Mohtarma Fatima Jinnah,

Choudary Rehmat Ali

Ali Brothers

If you think others should be please do write it in the comments, inshallah.

Our government should try to have one national leader per note of our Rupee. That way the illiterate people as well as many educated yet ignorant youth of Pakistan would also know or at least remember the names and faces of our great leaders, without whom Pakistan would never have existed!

500 Rupees

Deutsche Bank

New Delhi, December 30
Deutsche Bank AG has acquired 6.10 per cent of the total paid-up capital of HCL Technologies Limited through preferential allotment of shares. J. Sagar Associates has informed the National Stock Exchange that their client Deutsche Bank AG, Germany, has acquired 19,358,989 equity shares of Rs 2 each aggregating to 6.10 per cent of the total paid-up capital of HCL Technologies Ltd. — PTI

Old Currency (Former Pakistan)

Just wanted to share some images of Old Pakistani currency. There was Bangla script on that...not from my own collection...got the images from an Indian friend...(n..she got that from a pakistani....not sure whom should the credit go :) )

New & Old Currency of Pakistan

VALUE: Re. 1 (Old Version)
Year in Use: 1948 - Present
Dominant Color(s) : Silver/Grey
Front Illustration: Cresent and Star
Back Illustration: Floral Wreath


Value: Re. 1 (New Version)
Year in Use: 1998 - Present
Dominant Color(s): Dark Brown
Front Illustration: Quaid-e-Azam Muhammad Ali Jinnah ( Pioneer of Pakistan )
Back Illustration: Badshahi Masjid In Lahore

New currency notes of Rs5 and Rs50 launched

KARACHI - State Bank of Pakistan (SBP) on Monday launched state-of-the-art new currency notes of Rs 5 and new design of Rs 50 denomination with added security features.
Announcing the issue at the launching ceremony at SBP head office, the Governor State Bank Dr Shamshad Akhtar said that the new notes will be available from Tuesday (today) from all branches of SBP Banking Services Corporation (SBSC).
She said the up-to-date security features incorporated in Rs 50 newly designed and new Rs 5 banknotes are of international standards and thus minimized the possibility of their counterfeiting.
Nevertheless, it is important for the public to be well-versed with these security features so that they can easily recognize a counterfeit banknote when they come across it, she said, urging media men to effectively play their vital and constructive role in educating the public by giving wide coverage to the security features new design of Rs 50 and new Rs 5 banknotes.
It may be recalled that the State Bank has already introduced newly-designed banknotes of Rs 10, 20, 100, 500, 1000 and 5000 denominations. The newly-designed upgraded series started gradually by introduction of Rs 20 banknote from 13th August 2005, has now been completed with the launch of Rs 50 new design and new Rs 5 banknotes from today.
The launch of new high-tech banknotes has helped modernize the banking industry in Pakistan as the new-design banknotes are equipped with machine readable features. This will facilitate the automation of handling of banknotes by banks and use of equipment to detect counterfeiting while processing the banknotes.
Several built-in state-of-the-art security features designed to prevent counterfeit production of   Rs 50 new-design and new Rs 5 banknotes are: anti-copy and anti-scan, micro-lettering, micro text security thread, and see-through. Besides special feature for visually impaired persons, latent image of denomination and raised printings are also appearing on new-design banknote of Rs 50 denomination.

Pakistan Currency Pictures & Photos

<p>A Pakistani walks past the replicas of currency notes of the different countries on display at a currency exchange shop in ...more »

Pakistani Rupee (Currency Note)

Last week, while i was sitting with my friends, One of my friend “Imran Sajjad” asked me, “do you have old notes of Pakistan’s currency like PKR 5, 10 etc?”
This question was surprised for me, I just replied why he want this. He said we should have a copy or pictures of old notes so that we can tell our new generation about our currency.
As I have not old currency notes nor a pictures. So, I have decided to search and find the pictures of currency notes and try to put on the web.
After a long searching, I just found some of the images… not sure either these are all or there is any other note too…

Thanks to banknotes and other site from where, I have able to get some of old Pakistani Note (Currency) pictures. While, some pictures are scanned myself.

State bank of Pakistan

I dont think that it is better to introduce a currency note worth 5000 Rupee.

Pakistan Economy: Lowest GDP growth in history in the current fiscal year

In its latest report, The State Bank of Pakistan (SBP)announced that Pakistan’s GDP growth for the current fiscal year will be below 6%. This is the lowest growth rate in the country’s history in the last five years. In its third quarter report, the SBP said that in the current fiscal year, actual growth of the GDP will remain between 5.5% and 6%.

Earlier, SBP also forecasted that inflation in the current fiscal year would remain between 8% and 9% but its latest forecast placed average inflation rate between 11% and 12%.

Daily Times reports:

The report said that the country’s economy is witnessing broad deterioration in key macroeconomic indicators due to a combination of adverse domestic and international developments. A disappointing wheat harvest would likely hold back the key agriculture sector, while chronic energy shortages — both households and businesses face regular power cuts — have hampered industries including steel and textiles, Reuters quoted it as saying.g. However, it added, it was important to note that the economy had fundamentally gained resilience as a result of structural reforms and liberalisation measures over the last 15 years.

The latest report also warned the government about the potential danger of its heavy borrowing that has already started to affect the country’s economy. By May 10 2008, the total borrowings of the government stood at Rs. 551billion. This has doubled Pakistangovernment’s total outstanding borrowings to Rs. 940.6 billion. Further continuation of this trend would accelerate the inflation. 

Pakistan just saw the establishment of the country’s first democratic government this year but it has a tough road ahead. The government should urgently address the issue of fiscal deficit; or else, the country will fall into severe economic crisis.

Pakistan Old Currency Notes Pictures Vintage Pakistani Rupee Notes Pictures Historical Rupee Notes of Pakistan

Pakistan Old Currency Notes Pictures Vintage Pakistani Rupee Notes Pictures Historical Rupee Notes of Pakistan

Pakistani old Currency notes. Unique collection

Issued by state bank of Pakistan, these currency notes belongs to the era when a highly ranked government employee get the sum of his salary in few hundred rupees. for example the 100 rupee currency notes was issued after the few years of independence. these notes was circulated from 1953 till zia ul haq era. The one rupee currency note will remind you the era of zia hul haq. Unfortunately since the past couple of years the value of Pakistani currency against the US dollar is rapidly decreasing due to the poor law & order situation in the country. Just think for a while, In 2007 the value of 1 dollar is equal to 60 rupeea. but today ( jan 2010) the value of 1 dollar is about 84.20 in pakistani rupees. Isn’t it alarming?

Pakistan Currency

Pakistani Rupee (Currency Note)

Last week, while i was sitting with my friends, One of my friend “Imran Sajjad” asked me, “do you have old notes of Pakistan’s currency like PKR 5, 10 etc?”
This question was surprised for me, I just replied why he want this. He said we should have a copy or pictures of old notes so that we can tell our new generation about our currency.
As I have not old currency notes nor a pictures. So, I have decided to search and find the pictures of currency notes and try to put on the web.
After a long searching, I just found some of the images… not sure either these are all or there is any other note too…

Thanks to banknotes and other site from where, I have able to get some of old Pakistani Note (Currency) pictures. While, some pictures are scanned myself.

Journey of Pakistani Currency

The present currency notes in circulation of Rs.10,50,100 and 500 denominations are as under:

Pakistan Currency Sample Note Pre- Partition

Front Only: Quaid-e-Azam and Liaquat Ali Khan Pictures.

Flour crisis in Pakistan.............

The Pakistani nation is starving, Musharaf and his cruel army is thriving. flour crisis in Pakistan is worsening. People have to be in long lines to get one small bag of flour just for their basic needs. And the saddest thing is that 100% of Pakistani people use flour daily for their meals. It is the most essential commodity for rich and poor both. People can't survive without flour. Poor Pakistanis have been facing first sugar shortage, then gas shortage, electricity shortage and now extreme flour shortage. 


So who are we blaming for all these crises of basic necessities? 
Musharaf and his gang offcourse.................they have made it clear that they are the only humans in Pakistan who should have their verocious needs met.......they are trying their best to discredit the basic right of poor Pakistani citizens by depriving them of food and then shelters.........they are trying their best to make sure that mushdog and his allies should govern starved nation boundlessly...when a governance fails to provide the basic needs to poor citizens then they have NO right, absolutely NO right to for the governance.........what sort of good governance is this? for God's sake, wake up.....wake up Pakistanis.

Musharaf and his allies wish every Poor Pakistani citizen to die of starvation now. First he murdered thousands of poor Pakistani citizens on streets like vegetables last year with no regrets, no regrets at all and now they have acquired a new tactics to kill more and more poors via starvation...............that is the most painful scene to see, fourteen crores of Pakistanis are suffering due to these power hungry monsters who are eradicating Pakis days in and days out.....and then filling up their big corrupt bellies by looting poor people's money to fill their unlimited needs...........

Musharaf and his bast**d allies are undermining , suppressing and oppressing the basic right of Pakistani citizens to put an end to democratic waves in Pakistan and they're not letting go of any golden opportunity to make hostage all those poor and innocent Pakistani citizens to meet their own vicious needs.........to make sure that their families are superior and they are not in those lines to beg for ,"FLOUR".....................

These monsters are living lavishly and for their lavish needs poor Pakistanis got to pay over the things that they don't even know what they did? Isn't it tragic? Isn't it sad enough to make us cry?
If NOT then we're not humans, we're worst than these blood sucker leaches and vultchers who call themselves Paki leaders.................rulers....

These harami rulers are sucking poor Pakis blood for their own extremely high expenditures and cause these inflations and recessions...........and then these harrammis borrow more and more money from central bank , much more than their budget..........now their banks are just empty cans with some echos of poverty, some poverty stricken screams and they're not listening b/c they don't want to listen to those tortured voices who are the reason that they are calling themselves ,"RULERS"....RULERS of those who are starving from hunger..........sigh*
This Pakistani turmoil is in it's height, and the greatest tragedy is that there seems to be no end to the sufferings of Poor Pakistani citizens................resulting in mental anguish and physical disorders....currently, Pakistan has become a lawless, foodless and needless state where 80% population has become hostage of these army rulers, who are ruling them on gun points. Their poverty stricken lives have become miserable than prisoners of wars......... Now, this crisis of flour is an open proof of the kind of agony Poor Pakistanis are passing through.
When I see millions of poor Pakistanis standing in lines, fighting and arguing just for ,"ATTA(FLOUR)"...It hurts my heart and soul deep inside, when I see old worn-out ladies with broken legs(fractured) crying and begging for flour and being stepped over by other poverty stricken countrymen.....I feel agony, helplessness and then I start crying and my endless tears don't stop , they won't stop b/c I am devastated and so do my fellow countrymen, they're so badly devastated by these tragedies that my nation"s sufferings have reached unprecedented heights. It's so painful for me to be still alive and see all this with my own eyes................sigh*

I know a small progress could show us highly positive effects, but our rulers don't care for 80% of poor Pakistanis, they see them as blisters in their own land...............poverty, food insecurity and agricultural disparity have made Pakistan critically collapsed state..........I just feel bad, sad, hurt, agonized and helpless............sigh*

For the last couple of weeks, I can't eat....how can I eat ? when my own poor countrymen are living in dismal poverty....how can I sleep, when majority of my countrymen couldn't sleep b/c of basic food shortage and are unable to sleep with hungry and empty stomachs?

1 rupee note 1947-48 pakistani currency

No More Guilt Trips on Currency Notes in Pakistan

Deeda-i-Beena
                                 ATP Editor’s Comment: It turns out that, in fact, the said line (husool-e-rizq-e-halal ibaadat hai) does still exist on the new note. Our thanks to the readers who were able to catch the oversight that we failed to. However, we have kept the post live partly because the discussion is itself interesting and partly because the issue of whether having such a line on the note makes any difference on people’s behavior on ‘rizq-e-halal’, is itself an interesting topic.

Original Post: For many years every banknote in Pakistan reminded its owners that to make an honest living was a form of piety in itself.

No one really paid heed. And those who did probably laughed it away as a joke. The State Bank of Pakistan has therefore decided to stop that nonsense once and for all. If you don’t believe what I am saying then believe your own eyes here:

The old currency notes at the back were all inscribed in Urdu:

husool-e-rizq-e-halal ibaadat hai 
making an honest income is prayer

Pakistan plans to issue first local currency Islamic bond next month Read more: http://acca-pakistan.com/pakistan-plans-to-issue-first-local-currency-islamic-bond-next-month/#ixzz0xiqZIPIM Free study material and course notes ACCA-Pakistan

Pakistan will issue its first local currency Sharia-compliant bond in September, a government official said yesterday, as the Muslim nation seeks to build its fledging Islamic finance industry

Ashfaque Hassan Khan, special secretary at the Finance Ministry, said the issue size had not been determined although it would be “substantially less” than the Rs20 billion ($269.5 million) some bankers had earlier expected.

“We have already completed all the paperwork and we hope to be in the market sometime in Sep-tember,” Khan told Reuters by telephone. “This is the first time we will be going to the market with a rupee-denominated local sukuk.”

Standard Chartered Bank and Dubai Islamic Bank are handling the deal, he added.

Industry

The Pakistani authorities are trying to expand the Islamic banking industry, which only commands a small market share and is largely concentrated in large cities.
The share of Islamic banking in the total banking system was 3.2 per cent last year, according to central bank data.
The total assets of Islamic banks were about Rs135 billion while Islamic deposits and financings stood at 2.9 per cent and 2.4 per cent of market share, respectively.
Islamic banks must grow at least 40-50 per cent each year to be able to raise their share from 3.5 per cent to about 15 per cent of the total banking system, the central bank has estimated.
Khan said the government had no immediate plans to sell global Islamic bonds.
“The spread has widened substantially because of both external and internal political developments,” Khan said.