Granta goes to Pakistan

9/10/2010

Cover: Islam Gull

:A gem of an issue of Granta, writing from and about Pakistan.

Amid a cornucopia of riches, with the emphasis more on reportage than fiction, I was taken particularly by Fatima Bhutto's article. Mangho Pir is a Sufi shrine outside Karachi, where the crocodiles are revered as saints, and tended by the Sheedi community (in India, the word would be Sidi) - those of African descent who congregate in small clusters all the way along the Arabian Sea coast from Oman to Karnataka.

The Karachi Sheedi have great prowess as dancers and sportsmen - but otherwise are part of the ignored, forsaken underbelly of south Asia.

Jane Perlez writes of Jinnah, and the way he is memorialised in current-day Pakistan. Sarfraz Manzoor tells his warm but unsettling story of a British Asian 'marrying out'. And the peerless Basharat Peer humanises the story of the continuing conflict and despair in the Kashmir valley - powerful writing, though its inclusion in a volume entitled, starkly and simply, 'Pakistan', packs its own punch.

Mohammed Hanif, whose 'exploding mangoes' is perhaps the most powerful representation in fiction of modern Pakistan, contributes a short story - the human incident behind a riot ... a lovelorn, revolver-wielding, police thug who fires off at random to avenge his humiliation at the hands of a much more worldly-wise Karachi nurse.

6 Comments

samir sardana

18/9/2019 22:56:46

Sample Islam in the land of the Indonesians

What can be the fate of a nation where a Dindoo Hindoo called Anand Krishnan - who claims he is Krishna - makes Indonesian women, "perform fellatio on him" - as a means of revealing the divine truth

http://www.thejakartaglobe.com/archive/three-more-women-accuse-anand-krishnan-of-sexual-abuse/

Sample 1 - "Another Dindoo Fellatio Bindoo Prophet", has descended on these Hogs

http://www.thejakartaglobe.com/home/fake-islamic-prophet-arrested-in-east-kalimantan/561465
http://www.bangkokpost.com/breakingnews/326002/fake-islamic-prophet-arrested-in-indonesia

Sample 2 - Going rate for sexual abuse of kiddies in Madrassas by so called Islamic Clerics is 10 cents

http://www.thejakartaglobe.com/news/bekasi-islamic-teacher-arrested-on-student-rape-charges/
http://www.thejakartaglobe.com/news/sukabumi-child-sex-predator-toll-climbs-73/
http://www.thejakartaglobe.com/news/controversial-muslim-cleric-arrested-scamming-patients/

Sample 3 - A "female" Indon ass eean Bogus Muslim teacher "sexually abuses" a 3 year old

http://www.thejakartapost.com/news/2014/05/14/female-teacher-reported-molestation.html

Sample 4 - And there are "more rapes of little kiddies" tiny tots (with photos for blackmail)

http://www.thejakartaglobe.com/news/e-kalimantan-teacher-arrested-alleged-sexual-abuse-four-students/
http://www.thejakartaglobe.com/news/teacher-allegedly-assaulted-32-students/

Sample 5 - And this is another magic healer in the land of the Indon ass eean Bogus Muslim Shit Skins

http://www.thejakartaglobe.com/news/controversial-muslim-cleric-arrested-scamming-patients/

Sample 6 - As Muslims - they have a "rain dance" to make the God of Rain make rain

http://thejakartaglobe.beritasatu.com/multimedia/central-java-residents-turn-ritual-rain-dances-drought-continues/

Y do Indonesians kill their relatives and piss on their graves

Sample this educated man - "he killed his relatives,buried them and then pissed on their graves"

http://www.thejakartapost.com/news/2013/07/29/bodies-lecturer-two-others-found-mass-grave.html

samir sardana

25/1/2020 14:11:43

In retrospect,there is 1 evidence of the genius of Jinnah, which is providentially proven by the Hindoo Nazis.

Jinnah – is the only sentient,ever,who sensed the evil of the Hindoo and the Indian vermin, and placed it on documentary record.This is inspite of the fact, that he was surrounded by Hindoo liberals and philosophers,and so called liberals.He saw through the mist, for 100 years into the future.

He saw that Nehru and Gandhi would die and be killed soon and the nation of the Hindoos,would be overrun by the Hindoo Nazis,as it was, in 2014.The Dialectics of History !

It is a simple deconstructed fact of history.The largest extermination in Human history was that of the Buddhists and Buddhism – by the Hindoos,and the philosophy of the Hindoo Pope – Adi Shankara and his litter of impotenticas .And Jinnah read history.

The dubious “Indian Muslims” who are basically the lower caste Hindoos,who converted,are numb nuts and dumb shits (still enslaved to upper caste Hindoos) – who believed the secular nation theory,and the bunk of the Ganga-Jamuna-Saraswati Culture ! There are 200 million of these dumb shits ! It is no wonder that these numb nuts did not create a new Pakistan or join Pakistan !

They are lower caste Hindus who tolerated Hindoo evil for 5000 years – with not a single record of insurrection !

Those who left India in 1947 – did not have the “Indian DNA” – they were not the lower caste hindoos who converted to Islam

Even the Prophet of Islam,did not sense the evil of the Hindoo vermin – although there were several Hindoo vermin, in Mecca,then.The Prophet is supposed to have made statements on the cool winds of Hind and the Prophet-hood of Krishna – which are dubious and meaningless Hadeeths.The Hindoo vermin say that Ramadan is Rama-adan and the “Indian Muslims” say that Rama is a Imam ! This is the Harry Potter tale !

Ghazwa-E-Hind is a prophecy of eventuality (like those of Nostradamus) – not a statement of evil !dindooohindoo

Do these “Indian Muslims” deserve doom ? After 80 years of cinderella and Harry Potter tales,the dubious “Indian Muslims” still do not get it ! These fools believe in the Hindoo Constitution and Judiciary !

https://www.thehindu.com/news/international/caa-nrc-may-affect-status-of-indias-muslim-minority-congressional-research-service/article30409109.ece

And Jinnah saw it in 1930-47 ! The man from London ! There was another genius from London – called – Churchill – who said “I hate Indians. They are a beastly people with a beastly religion.”

There is something about London – the air,weather,wine and women !

And Jinnah’s example,is w/o any peer in human history – wherein, a warrior,king or saint has made a nation by extricating itself from the pits of evil,sensing evil and documenting evil,and then,being proven right,in a span of 80 years.

Jinnah – the genius – the man’s trajectory from wine,pork,cigars,pipes and women to the Qaid !

This is E-V-O-L-U-T-I-O-N !

The 1 flaw in Jinnah – minutae of intellectual discrimination ! Never eat from the hands of a Kaffir or allow the human body to be touched by a kaffir ! He was poisoned by a Hindoo – just like the Prophet was poisoned by a Jew-ess ! dindooohindoo

samir sardana

13/4/2020 00:36:11

People say,Y is the sugar industry run by mafias and politicians ?

Y ?

1st people have to understand that the sugar industry is based on the thesis,that cane is the easiest and highest risk adjusted return,for the farners - and to keep farners from starting a Tahrir or joining ISIS. Hence,over supply of cane and over-production of sugar,is an accepted reality of cane farming,in Pakistan

This ensures perpetual raw material supply for the mill,and a PASS THROUGH of all costs to the state - on a defacto basis.Defacto basis,is key,as there is no contractual arrangement for the pass through - which is a threat to the economic security of the state,as the mill owner can create shortages,spikes and supply and payments crisis and easily manufacture repetitive, but ingenious reasons for debt waivers,tax reliefs,export subsidies and drawbacks.

Excess cane production and sugar,is the disaster scenario for the Pakistani state.If there is a bad crop,international sugar prices would not rise,to an extent,to make imports on a duty free basis, costlier than the NSR to the sugar mill.
In fact,the inported sugar could be sold at a profit to dealers,to more than offset the indirect tax revenue earned, by the state,on cane purchases by mills (mandi/purchase tax) and sale of sugar by mill (excise and sales and VAT tax)

Y is the mafia required in sugar ? dindooohindoo

Phase 1

To start strikes in mills of competitors
To divert raw material supplies of competitors
To set fire to bagasse stock of competitors
To monopolise truckers for mill logistics
To choke off the logistics for the mill competitors
To break unions in workers and truckers

For the above,a mill owner needs the support of the police,mafia and the neta

Phase 2

To manipulate raw material supplies,as under:

To downgrade and reject materials purchases
To delay purchase payments w/o delayed interest
To pick and choose cane suppliers
To tamper quality,moisture and weighnent tests
Using dummy names to route purchases from captive plantations
Route farmer purchases,as captive plantation purchases
To run a racket of farmers cane bills discounting
To organise dharnas/riots/logistics blockades, with the aid of farners
To charge financial conversion charges for payments to farners in cash

For the above,a mill owner needs the support of the police,mafia and the neta

Phase 3

To recover the costs of fire insurance and LOP insurance, there are accidental fires in bagasse stocks - once in 5 years, to recover,in bogus claims - the aggregate premiums paid over 5 years

Phase 4

To con the state in export subsidies and drawbacks
To con the state w.r.t CDR/OTS with banks
To con the state w.r.t capital and interest subsidies
To tamper the power consumption meters of CPP and power from grid - which is the only forensic proof of production

Phase 5

Bogus exports to eat up the subsidy and drawbacks - from land dry ports and sea ports
Routing exports proceeds on actual and bogus exports,via hawala and other modes
Manipulating cost,production and stock records to inflate costs,make off the books sales and purchases and hide stocks of finished goods
Selling bagasse in cash,instead of selling power to the grid
Creating shortages and spikes in prices of raw and processed/refined sugar Make fake cash purchase bills to generate cash for the sugar mill

For all the above,you need the mafia and the neta, AND also, since the farnmers are voters for the netas.Since the netas cannot outsource the political risk of the cane souring and payments,to a private party - and that,it is a no-loss, monopoly business,the netas are in the sugar mills,and will stay so,forever.

samir sardana

13/4/2020 00:37:53

Imran Khan is facing a sugar crisis

The Solution

What is the solution to the Pakistani Sugar Crisis ?

Some Basic Facts

The Sugar Mills make money at the highest capacity,and the lowest material cost.For that,there haas to be overproduction of cane – and farmers have to be pampered and brainwashed,to get the “best” cane prices.High cane prices,are of no impact for the mill,as the cabe price,is a defacto pass through,to the state. dindooohindoo

In other words,the excess sugar produced,from the excess cane produced – will HAVE TO BE exported – with the subsidy and the drawback,at the cost of the state.In addition,the cane payments are made from working capital loans from banks – and the loans would be liquidated from the export and domestic sale proceeds – and so, the NSR from exports and domestic sales has to be profitable.Otherwise,the mill is bust and the bank loan,is an NPA,and millions of cane growers have no buyer.

Solution 1

The state has to rework the subsidy.The mills have availed of the advantage of the maximum capacity utilisation, arising out of a bumper cane crop.Hence,the cost of the export stock,should be computed based on the “Marginal cost of Production and
Direct costs”, upto sale.The difference of this,w.r.t. the FOB Export rates – should be the subsidy.

whether the mills should get a Profit on the Marginal Cost – is a separate issue – as the economies of scale have already accrued to the mill owner,for the domestic sugar sold.In the alternative,the mills can be paid a service charge,per ton,as they have acted as an NGO – to service the farmers and use their cane,and have in effect transmitted the subsidy,defacto to the farmers.

Solution 2

In the current scenario,there is a time limit for exports – as the working capital bank loans,have to be liquidated – for payments for fresh stock purchases.The precise dates are known to traders and punters,all over the world – as the patterns
of behavior of a baboo,in the state – as to,steps to liquidate the stocks – are predictable.

Hence,the mills have to be provided additional unsecured credit,for fresh cane purchases – and a central state agency should sell sugar futures,every quarter,with or without selling options, and give delivery where the futures and the options are out
of the money,or where the contango on futures and option premiums,added to the futures price,is closest to the Price to be paid,to the mills

The nation will,at least, get the maximum NSR on Sugar exports – and the subsidy loss,will be minimised.

If the 12 month futures contango or option premium, is in excess of the working capital cost of the stock,the state can hold some of the sugar stock,as the net working capital cost is nil or negative.If the futures and options turn a loss,the state
can provide stock delivery.There would be several such combinations.

Solution 3

The farners have to be shifted from cane farming.Instead of giving subsidies to mills,for export stocks – which represent,excess cane production – the subsidies can be given to farmers directly,to shift to other crops.The subsidies can be in the form of free power,seeds,fertilsiers,pesticides,crop insurance,supplements and implements.In addition,value added factories for the new crops,can be set up near the crops – with subsidies.As time passes,the viability of the crops will increase,and the subsidies will be nil

It is possible that the NSR on exports + export subsidy – Marginal cost of Production and sale of export sugar, is more than the financial profit,earned by the cane grower.

In such a case, a subsidy equal to the financial profit,which COULD be earned from the cane sales – can be paid,as a subsidy,to the cane farmer – NOT TO GROW THE CANE.

Solution 4

Each crushing season,the state should calculate the excess stocks expected over 1 year based on demand and current stocks.The current production which will be in excess of the safety and base and emergency stocks – is the likely surplus stock
to be exported.

70% of the expected surplus stock – should be transported to state godowns,on a quarterly basis – by the cheapest mode – which is rakes.The state godowns can be near or inside the ports (warehouses),or near or inside the dry ports.

All exports should be made from STATE GODOWNS only. This will make sure that there are no bogus exports,and also,there can be no money laundering.

Solution 5

A locust,is a drone with AI,and a perpetual battery of a few years,and the drone can clone itself.The cane production has to be reduced.The state can use Bio war tools to destroy crops in certain regions and certain strains – and this is surely being done,in many parts of the world.The loss to the farner,is the financial opportunity to the farmer foregone – which has to be compensated by the state.Loss to the sug

samir sardana

13/4/2020 00:38:52

Imran Khan is facing a sugar crisis in his nation

Risk in the sugar business ?

Y is “Sugar Daddy Jehangir Tareen (SDJT)”, in the Sugar business ?

The misconception.

It is no risk business.The CEO of the mill can see his raw material in the fields,from his glass windows.The owner of the raw material is waiting to sell ,he has to sell – as there is no storage and storage is not possible, and he has to sell to the nearest mill (to save on freight and moisture)- at the quality and other specs of the mills,and then await payments for months. Can there be a better business ? dindooohindoo

The users of the end product are in the billions.The user in Pakistan WILL NOT PAY beyond a certain price – and they voted in the govtt.If some sugar mills close down – by strategy – the govtt will fall and there will be a Tahrir,as sugar stock draw down from Govtt warehouses takes time – and in riots – no logistics is possible. Even imports will take months,and then it has to be evacuated from the ports.

Tbe user price can’t fall below a certain floor,as then the mills will close down,and there will no cane purchases,and also no cane payments for old bills.This also ensures no large scale imports.The cane growers,are also in the millions,and are another vote bank.So there is a cap-collar option on sugar prices – for the mill owner.If prices fall,the state has to offset the losses for the mill,and also waive interest and warehouse charges and offer compensation equal to the opportunity cost of capital employed in the operations.Hence,the cost of the cap-collar options is borne by the state.There is no other business like this in the world.

Any business which relies on the state,for policies – dooms the industry.As a result, the Pakistani state has no clue of the actual operations of the sugar and cane supply chain and value chain – from costing to manufacturing to stock.That is also to the advantage of the businessmen – as the perception of unviable sugar units,ensures that the sugar units can inflate costs and hide stocks.This ensures that they keep getting subsidies.drawbacks,capital subsidies,soft loans,trade swaps, power export and wheeling incentives etc., and also,they can create shortages and price spikes, at will, in any part of Pakistan.

A doomed sugar industry,also,is in the interest of the sugar tycoon – as they can close down the operations of any marginally viable or loss making or vulnerable unit,at will, by choking off working capital,or a truckers strike or diverting the raw material supplies of the unit.This is enough to cause panic and doom,in the sugar wholesale market.

Holding stocks of cane,bagasse and sugar for 8-9 months and delays in payment of power exports – has a number to it – in terms of working capital cost.It is not a risk,and is part of the Business Model of a sugar unit,and the cost of working capital,can also be waived off – as interest subsidy or CDR/OTS,as the State has an interest in keeping the polity in power.The fact that,at the time of making the procurement of material,the price of the end product 9 months ahead,is nor known – is also,not a risk,and is,instead an opportunity,as all costs are, in effect, a pass-through to the state.

Since cane is no brain business,there will always be excess cane production and excess sugar stocks,and since the state has to fix the purchase prices of cane and sale prices,in the open market – and also, the terms of loans and incentives to units – the state will always goof it up.

When they goof – prices will spike – and that is when the mill owners sell the unaccounted sugar stocks.When there is a reverse goof,id.est,large stocks and working capital shortage – the mill owners push the state to export.At that time,the inflated cost sheets and perceptions of poor manufacturing operations and yields and storage losses,ensures the highest inflated cost.Highest inflated cost ensures maximum subsidy and also maximum ad valorem drawback.

Drawback is refund of non vatable taxes acros the supply and value chain,and subsidy is the export price differential (on landed cost basis in a target market).

Hence,the state is a PE co-investor in the sugar mill,with a sweat equity stake,and no voting rights and no dividend.What is better than that ? The cane growers are bankers to the mill who give clean credit for 8-9 months and accept all the deductions made by the mill.The Politicians are the “reverse fee clients”to the Consultants (mill owners), WHO PAY THE MILL (IN TERMS OF SOPS AND SUBSIDIES),FOR THE CONSULTING advice, given by the mill owners.

In essence,the sugar mill is used by the polity,to make transfer payments to voters in agri areas – as an NGO – except that the NGO makes a CERTAIN INFINTE PROFIT % ON CAPITAL EMPLOUED

Sugar mills get project loans at a 4:1 Debt.Equity Ratio,with capital a

samir sardana

13/4/2020 00:40:06

Sugar mills get project loans at a 4:1 Debt.Equity Ratio,with capital and interest subsidies.If the project cost is inflated by 30% by using a mix of new and used machines, and 5% is paid to bankers and netas – then the equity is nil or negative.

The mill owner has 2 income streams – Profit and Bonus.Bonus is selling unaccounted stocks,in price spikes,and earnings on export subsidies and drawbacks (on inflated costs and hawala exports and bogus exports).Profit is the cash profit earned,as the book profit is all bogus,as costs are inflated.A Sugar mill profit has not to be assessed quarterly or yearly,but when the entire supply and value chain of a crushing season,is conclusively liquidated and realised – net of all working capital costs.
This makes the ROE,financially incalculable.

WW3 or N-War or Covid – U need sugar.A human cannot eat palm oil or wheat or rice – as such – but can live on just sugar for some time.There is no business like sugar..Which is Y “Sugar Daddy Jehangir Tareen (SDJT)”,is in the Sugar business. He has found sugar buyers in the Taliban ? Sugar and Nuts = Ideal food for the mujahid.

Bumper cane crop = good news for neta,as farmers happy and cane rates not hiked much for mill owner,and the netas are sure that retail rates are low.Disaster is for the state treasury,as large stock pile will be eaten by rats,or dumped in Kabul,with huge subsidy payments.Neta is happiest

Bad Cane Crop = doom for neta and retail and economy.Imports will take time and the state will goof up,and retail will price in hike,3-4 months before import orders are placed.Marginal cane mills are also doomed – farmers will just die.But mill owners who have plantations (as all karge units have – on principles of Strategic sourcing and backward integration into plantations) will thrive,as they will have captive supply,and will engineer farm riots and suicides,to rig up cane prices – which is a pass-through to the state – on marginal and imputed costs.Then SDJT will tell media – “How do I gain by increased sugarcane prices” with a non=plussed expression – only for the cameras.

A sugar mill is a power plant,which also,incidentally makes sugar,and the price of the raw material,is a pass-through (to the state – on a loaded marginal and opportunity cost) and the by-product (sugar) supply chain,can be choked at any time,by the mill owners.

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