Reko Diq case: British Virgin Islands high court attaches Pakistan’s assets

[Meengla]

How is this even possible? When Benazir got democratic govt in 1988, who brought it down in 1990 but Nawaz Sharif? Then again in 1996 it was Nawaz Sharif that toppled Benazir second democratic govt. And now again in 2020 Nawaz Sharif is doing his best to topple this democratic Imran Khan govt. As long that traitor Nawaz Sharif exist, there won't be any stability.

Don't twist my words. You and others!!
Democracy-even if it means a semi-corrupt govt (as in India and MANY other countries) going through generations of smooth transfers of power is still far more desirable than 'revolutions' or a mode of 'accountability' where tens of millions of people would feel they are being disenfranchised. As we speak, it seems the majority of the Sindh's population would not like undemocratic toppling of the Sindh govt by the Center and that would have far graver consequences for Pakistan than by corruption.

As I have been saying--have the accountability but don't throw the baby out with the bathwater!! Pakistan has been through these routes of allegations of corruptions before--as early as the Ayub Khan era!--but never ever enough alleged stolen money was coughed out by the looters however the STATE OF PAKISTAN brought upon instability on itself.

Get what you can out of them but in carefully calibrated way so that there is no instability. Otherwise, it's the same dance since Ayub Khan's actions against the politicians.

 

[Norwegian]

Pakistan has been through these routes of allegations of corruptions

We no longer have allegations of corruption. Now we have conviction of corruption in NAB Courts as nobody is here to give NRO

but never ever enough alleged stolen money was coughed out by the looters however the STATE OF PAKISTAN brought upon instability on itself.

Instability came because state gave NRO to looters. Nawaz Sharifs corruption case was dropped by Jeddah deal and Zardaris corruption case was dropped by Musharrafs NRO. Those two NROs brought 10 years of instability between 2008 and 2018.

Get what you can out of them but in carefully calibrated way so that there is no instability. Otherwise, it's the same dance since Ayub Khan's actions against the politicians.

As long politicians are not getting NROs there will be no instability

 

[Microsoft]

You can't have stability under democracy

I disagree, I think you can but almost all your population must have a high standard of living. Until then authoritative rule is more likely to be successful but that comes at a different cost. Democracy doesn't drive quality of life it's the other way around.

 

[Norwegian]

I disagree, I think you can but almost all your population must have a high standard of living. Until then authoritative rule is more likely to be successful but that comes at a different cost. Democracy doesn't drive quality of life it's the other way around.

Israelis have very good standard of living. Yet they are having 4th election in 2 years

Israel calls 4th election in 2 years as Netanyahu-Gantz coalition collapses

New vote set for March 23 after 'unity' government crumbles in just 7 months; Netanyahu promises huge win, but polls suggest tough race, with main threat from parties to his right

www.timesofisrael.com

Just admit. Democracy leads to instability

Democracy doesn't drive quality of life it's the other way around

Democracy only works when most parties in the setup have some shared national goals. For example our Norwegian democracy that is ranked best in the world only has 5-6 parties. All parties agree to have a welfare state and free immigration. All parties are also for free trade with EU.
Such across the board consensus do not exist in many democracies where parties have complete opposing views on fundamentals. Such as Pmln wishes to run economy on import consumption but PTI wants it export based. These are opposing ways to run economy so if these two parties kept getting on and off in power, Pakistan can never develop its economy. So one party has to be eliminated.

 

[Microsoft]

Israelis have very good standard of living. Yet they are having 4th election in 2 years

Israel calls 4th election in 2 years as Netanyahu-Gantz coalition collapses

New vote set for March 23 after 'unity' government crumbles in just 7 months; Netanyahu promises huge win, but polls suggest tough race, with main threat from parties to his right

www.timesofisrael.com

Just admit. Democracy leads to instability

Democracy only works when most parties in the setup have some shared national goals. For example our Norwegian democracy that is ranked best in the world only has 5-6 parties. All parties agree to have a welfare state and free immigration. All parties are also for free trade with EU.
Such across the board consensus do not exist in many democracies where parties have complete opposing views on fundamentals. Such as Pmln wishes to run economy on import consumption but PTI wants it export based. These are opposing ways to run economy so if these two parties kept getting on and off in power, Pakistan can never develop its economy. So one party has to be eliminated.

Israel isn't exactly a shining beacon of Democracy regardless you just gave an example against your own claim. Democracy is in Norway and so is stability...or do you think it will lead to instability there too?

 

[AZADPAKISTAN2009]

I think they will attempt to take over Properties own by PIA which are worth billions

 

[Norwegian]

Israel isn't exactly a shining beacon of Democracy regardless you just gave an example against your own claim. Democracy is in Norway and so is stability...or do you think it will lead to instability there too?

Yes. If Norway gets a party / parties that oppose consensus of established parties, then we too will have instability

 

[GumNaam]

british virgin islands have no jurisdiction in Pakistan. they mean nothing.

 

[Microsoft]

Yes. If Norway gets a party / parties that oppose consensus of established parties, then we too will have instability

Well if you wait long enough every system is fallible.

 

[Norwegian]

Well if you wait long enough every system is fallible.

You can compare countries / states with private companies. As long companies are making money, they grow more and more making all employees forever happy.
However the opposite happens when a private company stops making money, goes into loss, employees are fired or lose their bonuses. Hence they get angry at the company and revolt. Sometimes they join a new company (separation) as response or restructure (revolution) the old one so the company becomes profitable once more.
History has shown that vastness or political power of an empire never really mattered for its sustainability. What mattered was its economy. The great Roman empire crumpled not because it lost political edge with its neighbors but because its economy declined over time. Similarly the great Soviet Union collapsed after it failed to compete in economic dominance with its Western counterpart USA.
Today US global dominance is on decline because China and other East Asian countries are replacing USAs economic edge. Pakistan too lost its significance after its economy failed to develop after General Ayub

 

[muhammadhafeezmalik]

What exactly is the worth of these gold assets in Reko Diq?

SAINDAK gold and copper mine is much larger project than Reko Diq, was handed over to China in 2002 for a ten-year lease. It was renewed again in 2012 and then in 2017. Pakistani authorities have now extended it for 15 more years, hoping the project would bring in $45 million (€39 million) investment to the country.

Experts say the mine has approximately 412 million tons of copper and gold reserves. Pakistani authorities said last year the country had earned $2 billion (€1.75 billion) through the Saindak project between 2002 and 2017.

 

[Tomcats]

We no longer have allegations of corruption. Now we have conviction of corruption in NAB Courts as nobody is here to give NRO

Instability came because state gave NRO to looters. Nawaz Sharifs corruption case was dropped by Jeddah deal and Zardaris corruption case was dropped by Musharrafs NRO. Those two NROs brought 10 years of instability between 2008 and 2018.

As long politicians are not getting NROs there will be no instability

Well it would be disingenuous to say that there are no longer allegations of corruption, there most certainly are. Also the NRO was dropped after 2 years understandably so and as a result the cases would come back to bite Zardari and co albeit to a lesser extent but still meaningfully.

 

[nahtanbob]

the whole case reeks of utter incompetence by the Pakistani state

 

[Paul2]

Accurate but we donr have much assest in small remote virgin island
Its more a political stent by the company

Enforcing this will be used next to impossible

We didnt submit any colateral so thats good
We d

What they want there is to establish a prior case when they will be chasing you in other, bigger countries.

 

[ziaulislam]

What they want there is to establish a prior case when they will be chasing you in other, bigger countries.

Not easy..
They are going to spend millions

Wr should not negotiate with them now

Jusy black list them