Commercial audit of accounts of all Nazims

The importance of audit of all accounts cannot be over emphasized and it is necessary that transparency can be got through proper audit of all expenses incurred on various schemes, projects, plans and works completed and performed by all departments like local and provincial, central and federal, private and public, autonomous and regulated organizations. The district and city nazim system was firstly introduced by the dictator’s regime and the amount was allocated and provided directly by the federal government or the President of Pakistan himself. Provincial governments had no control over them but the city nazims were fully authorized to obtain funds direct from the President or federal government. it therefore becomes necessary to maintain the full and actual record of all exchequer received from all the sources and get them audited in order to see that the funds coming from the undeclared quarters or sources, have been spent honestly, free from all flaws, properly and appropriately. These funds provided belonged to the poor people of Pakistan so it is duty of every Pakistani to no that their money has been spent with out any irregularity and there lies no any sort of lacuna or lacking of appropriateness in spending of all funds or resources received from various quarters, during the both tenures of Nazims in Karachi, Hyderabad and other districts. As the huge amount was provided and the huge amount has lavishly been spent on all new schemes, it cannot be understood that such huge amount came from which source and ground. It is a common news to hear that for the development of Karachi, Hyderabad and other places, Rs in trillions had been provided direct to the Nazims. It is also necessary to check and audit the sources and application of all funds received and spent.  




Handing over Sindh Madressah to KCCI

The federal government is considering a proposal for handing over Sindh Madressahtul Islam, which is declared as national heritage, to the Karachi Chamber of Commerce and Industry (KCCI) as reported in a section of the press.

Sindh Madressahtul Islam, founded in 1890 by Hassan Ali Affendi, was the first educational institution of Sindh which was modeled on the pattern of the British public school system.

It was not only the alma mater of Quaid-i-Azam Mohammad Ali Jinnah but has also produced many luminaries who played a significant role in the creation of Pakistan.

The proposal is stated to be put by the president of the KCCI to adopt this old institution on the pattern of Istanbul, where also the chamber of commerce is running various schools successfully.

I agree that in Turkey the experiment of adoption by the chamber is successful, but here in Pakistan institutions which are being run by the business community are more like ’industries’ to mint money than institutions imparting education.

The purpose of educational institutions is to impart learning to all. However, universities, colleges and schools owned and run by entrepreneurs are not for the masses but only for those who can afford to pay exorbitant fees.

The KCCI can do much for the expansion of Sindh Madressahtul Islam and transform it into a high-class model institute by providing sufficient funds even without adopting it, provided its goal is to educate the masses and not the privileged few.

I propose that the Sindh government, whose suggestions have been sought by the federal government, should deliberate on the issue seriously before giving consent for adoption.  




Half-a-rupee coin

It is really surprising to note that our country does not have half-a-rupee note or currency for that matter.

The great beneficiaries in this case are either traders or a great many beggars on the street.

Maybe the beggars’ union have emailed to the finance minister requesting him never to float half-a-rupee coin to help them become a little heavier recipient each time they succeed in hooking a client!  




Need to bring down fuel prices

It is a matter of great concern that the government chose to sharply increase the price of petrol and other fuels on Dec 1. Interestingly, throughout November the rupee value against the US dollar changed negligibly and the price of crude oil per barrel also changed insignificantly, remaining in the upper 70s.

How then can a seven per cent increase in the petrol price from Rs. 61.6 to 66 or an 8.8 per cent increase in HSD be tolerated?

If anything, fuel prices should be heading downwards. Logically speaking, even if we ignore all the errors in the pricing formulas, if petrol was retailed at about Rs86 per litre when crude oil was trading at $147 a barrel and the dollar fetched Rs70, and now when crude oil is $80 a barrel and the dollar’s value has increased by 15 per cent against the rupee, petrol in Pakistan should be retailed at Rs47 a litre plus 15 per cent, which comes to about Rs54 per litre.

The price of petrol has absolutely no reason to find itself above Rs. 55 a litre.

The government must pass on relief in every form possible to the people and if fuel prices are properly priced, the country as a whole will benefit.

It would be a favour from OGRA and the government that fuel prices are amended immediately with due consideration of the general public.