Shahid Khaqan Abbasi (7 months), Imran ul Haq (4 months) and I (5 months) were put in jail by NAB and this government for setting up an LNG terminal (Engro). According to Wood McKenzie, the two Pakistani terminals set up by PMLN are the cheapest in the world. 1/7
The few “cheaper” terminals are fully depreciated or have more than twice the volume. All other terminals in the world are more expensive than the ones Shahid Abbasi & the PMLN set-up. In a fair world we should’ve been given a medal for this. But instead we were sent to jail. 2/7
The case should have been in Karachi as SSGC, Engro and the terminal are all there. In fact it was first investigated by NAB Karachi and it found nothing wrong. Then the case was reinvestigated by Pindi NAB and it found “something” to arrest us and then file a reference. 3/7
The case is heard by NAB court Islamabad every Tuesday and all 13 defendants have to travel to Islamabad to be present (except those given exemptions). Lawyers’ fees run into millions for all. Distinguished people like Dawood Group head Hussain Dawood, his son Samad Dawood, 4/7
former OGRA chairperson Mrs Uzma Adil, former PQA Chairman Agha Jan, Shahid Abbasi’s son Abdullah Abbasi, two British lawyers and one British consultant and others have been made defendants. 5/7
NAB’s reference says that the USAID-hired British consultants and lawyers conspired with Shahid Abbasi. Yet these consultants were selected by USAID in 2012 a year before PMLN came into the government. But facts are unimportant. Harassment of opposition is the aim. 6/7
NAB has not been also to come up with one —-yes just one—- terminal anywhere in the world which is cheaper than the terminal we set-up. Under such circumstances, shouldn’t all those who wrongly accused us just tender us an apology? Instead case goes on. 7/7

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More from @MiftahIsmail

17 Jun
🔴 2 crore Pakistanis have been pushed into abject poverty under Imran Khan’s economic mismanagement.
🔴 50 lakh more Pakistanis have been forced into unemployment.
🔴 Food Inflation is 15%, the highest in South Asia
🔴 SPI inflation has increased 13% every week since Feb 25
▶️
🔴 This budget will have Rs 383 billion in new taxes, including over Rs 260 in indirect taxes.

🔴 It gives continued amnesty to large property developers while increasing taxes on milk powder and sugar.

🔴 It gives a tax break to Suzuki but imposes sales tax on bicycles.

▶️
🔴 It gives a tax break to tycoons making profits on share trading but puts a tax on medical allowance of salaries employees.

🔴 It gives powers to arrest businessmen to junior officers of FBR, taking possible harassment to new heights.
▶️
Read 5 tweets
1 Mar
Having run up the largest deficits and public debt in our history, PTI is now trying to set a narrative that it is paying back national debt. It really takes some gall to spin this false narrative. In this thread I will try debunk this completely illogical and baseless claim. ➡️
No PTI supporter says that PPP paid back loans of Musharraf era, even though some of his debt was re-rolled during PPP’s tenure. Since our debt went up by ~ Rs 8000 bil during PPP’s 5 years (08-13) it means obviously that PPP didn’t pay back any debt but incurred more debt.
➡️
When PMLN came to power in 13, our public debt was Rs 14292 bil and when we left in 18 it was Rs 24593. We too re-rolled or re-issued previously issued debt but of course we didn’t pay back any debt but added Rs 10,661 bil in debt in our 5 years. That’s Rs 2,132 bil per year. ➡️
Read 10 tweets
14 Feb
گذشتہ ماہ حکومت نے بجلی کے نرخوں میں 1.95 روپے فی یونٹ اضافہ کیا تھا۔ رواں ماہ نیپرا نے دسمبر کے لئے فیول ایڈجسٹمنٹ چارجز میں 1.53 روپے فی یونٹ اضافے اور 2020 کی چوتھی سہ ماہی کے لئے سہ ماہی ایڈجسٹمنٹ میں 0.83 روپے اضافے کا تعین کیا ہے۔ لہذا آپ کے فروری کے الیکٹرک بلوں⬅️
میں فی یونٹ 4.31 روپے زیادہ اضافہ ہوسکتا ہے۔ یہ ایک تبدیلی ہے جسے ہم اپنے ماہانہ بجٹ میں محسوس کریں گے۔

پی ٹی آئی حکومت کسی بھی چیز کی ذمہ داری قبول نہیں کرتی ہے اور صرف پی ایم ایل این کی سابقہ ​​حکومت پر الزام عائد کرتی ہے۔ مثال کے طور پر جب پورا ملک بلیک آؤٹ کا شکار⬅️
ہوا تو ایک وزیر نے پی ایم ایل این کو مورد الزام ٹھہرایا۔ لیکن جب ان سے پوچھا گیا کہ کیا ہوا ہے تو انہوں نے کہا کہ وہ نہیں جانتے ہیں۔ لیکن وہ "جانتے تھے" یہ پی ایم ایل این کی غلطی تھی۔ آخر میں یہ پتہ چلا کہ پی ٹی آئی کے قابل لوگ گذشتہ موسم گرما میں معمول کی maintenance کرنا⬅️
Read 16 tweets
14 Feb
Last month PTI government raised base power tariffs by Rs 1.95 per unit. This month NEPRA has determined tariff increases of Rs 1.53 per unit in Fuel Adjustment Charges for December and Rs 0.83 in Quarterly Adjustment for 4th quarter of 2020. 1/17
So your electric bills for February maybe higher by Rs 4.31 per unit. That’s a Tabdeeli we will feel in our monthly budgets.

The PTI govt takes no responsibility for anything and just blames PMLN’s previous govt. 2/17
For instance when the entire country suffered a blackout a minister blamed PMLN. But when asked exactly what happened he said he didn’t know. He just “knew” it was PMLN’s fault. Later it turned out that Einsteins in PTI forgot to carry out routine maintenance last summer.
3/17
Read 16 tweets
8 Dec 20
As you know Ali bhai this matter was in govt’s hand and under PPRA rules during our term yet we still bought LNG in time and cheaper than other players in the market. And that too under constant slanderous and groundless criticism from all quarters. 1/9
The PTI govt missed two great opportunities on LNG this year. First to do a one- or two-year deal to purchase LNG for $4 or less (it’s buying at over $7 now, losing millions of dollars monthly for next two years). And second to tender in August for gas in December rather than 2/9
delay till October thus losing over $40 million just in December. But rather than admitting its mistakes it is coming up with increasingly convoluted and shifting excuses, and of course blaming the PMLN! For instance PTI says PMLN didn’t get any storage built. 3/9
Read 9 tweets
23 Nov 20
1. SBP has released its annual report. Statistics confirm a continuing economic downturn. Our GDP growth went from 5.5% in 17/18 (PMLN’s last year) to 1.9% in 18/19 and -0.4% this past yr 19/20. In 20/21 the govt expects GDP growth to be 2% and World Bank forecasts an anaemic 1%.
2. Given our population growth rate of 2.4%, in each of the three years PTI will make Pakistanis poorer on average by 0.5% (18/19), 2.8% (19/20) and 1.4% (20/21). This is not a record we can be satisfied with.
3. Inflation increased from 3.9% in 17/18 to 7.1% in 18/19 and 10.2% in 19/20 with urban food inflation at 14.6% and rural food inflation at 16.4%. Given that less well off ppl spend almost all their income on food, this is causing extreme misery on poor & lower income households
Read 19 tweets

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