Mar. 15, 2007: Missing screen capture

Update Mar. 15, 2007: I just discovered that, for some reason, this screen capture was no longer visible in this post (Mar. 13, 2007: Banking Update-Pakistan-Afghanistan). I have put it up again, but I could not post it so I am re-posting here. There are strange things done 'neath the midnight sun by the men who moil for ... whatever. FHTR

Double click to enlarge; back to return.




Banking, Aga Khan Fund for Economic Development, Citigroup, ABN-Amro, Pakistan, Habib Bank

Foreign Banks May Spend $1 Billion on Pakistan Stakes (Update1) , By Warren Giles, Feb. 2, 2007 (Bloomberg)

www.bloomberg.com/apps/news?pid=newsarchive&sid=a_C_PAnJs58U

Overseas banks, including Citigroup Inc. and ABN Amro Holding NV, may spend as much as $1 billion to buy stakes in Pakistani banks and take advantage of the rising demand for credit in the South Asian nation.

[....] Citigroup and ABN-Amro will consider acquisitions to catch up in Pakistan with Standard Chartered Plc, which bought Union Bank Ltd. in September for $487 million to cement its place as the biggest overseas lender in a nation of 160 million people.

On Sept. 5, in Pakistan's largest banking transaction, London-based lender Standard Chartered bought a 95.37 percent stake in Union Bank for $487 million to create Pakistan's sixth- largest lender by assets. In 2003, Pakistan sold a 51 percent stake in Habib Bank Ltd., the nation's second-biggest lender, to the Geneva-based Aga Khan Fund for Economic Development for $390 million. [....]

Citigroup Will Consider Acquisition of Pakistani Bank (Update3) , By Naween A. Mangi, Nov. 23, 2006 (Bloomberg)

www.bloomberg.com/apps/news?pid=
newsarchive&sid=afUHuOn7VkXE

Citigroup Inc. will consider the acquisition of a Pakistani bank as it seeks to close the gap with the U.K.'s Standard Chartered Plc in South Asia's second- biggest economy.

The biggest U.S. bank will also double branches in Pakistan in a year as it capitalizes on rising loan demand from consumers and small companies, [....]

The Union Bank purchase by Standard Chartered was the largest in Pakistan's banking industry. In 2003, Pakistan sold a 51 percent stake in Habib Bank Ltd., the nation's second-biggest lender, to the Geneva-based Aga Khan Fund for Economic Development for $390 million.

[....] Citibank plans to treble lending to small and medium Pakistani enterprises .... bank targets more buyers of cars and apartments.

Soomro said Citibank will also consider starting Islamic financial services in Pakistan, a nation where 97 percent of the population is Muslim. Islamic law, or Shariah, bans the payment and receipt of interest and stresses profit-sharing.

``This is an area of real opportunity,'' said Soomro, who arranged a $600 million Islamic bond sale for the government in January 2005. Citigroup also arranged the country's first Islamic corporate debt sale in February 2006 for Water & Power Development Authority. [....]

If interest is verboten, how will they make money? Check further ... Maybe it leads to other businesses?

All for the good of humanity ...

In trying to find out more about the recipient of $30-Million Canadian tax dollars, the Aga Khan through his foundation (The international wing is "private", not run by an elected Board of Directors responsible to shareholders nor to the Canadian government, so who tracks what happens?), I have been overwhelmed by the number of positive articles listed by Google. Then, on posting something, I received an anonymous comment, obviously from an Aga Khan accolyte, a believer who perhaps is tasked with ensuring that the media do not dig into the world's "official humanitarians". Well, apart from making a mistake concerning the AK's birthplace which I have corrected and noted more than once, I have not found anyone disputing the substance of what I have found. Even "righteous philanthropists" who receive taxpayer money need to be checked to find out where taxpayer money has gone ... Anonymous spurred me to check further.

Double click to enlarge; then "back" to return


There was a screen capture here but someone with more clout than your humble blogger removed the possibility of its being seen. How ... expected. Never cross the powerful ... international do gooders and humanitarians ... or their anonymous acolytes.

I shall check whether this new copy is here tomorrow.




Related:


Frost Hits the Rhubarb Feb. 25 2007

re: Global Development
Microcredit - CIDA - Aga Khan Foundation - Taxpayer Input - Public-Private Partnerships - Transparency - Ramifications - Private Microbank - AKCA / AKF


frosthitstherhubarb.blogspot.com/
2007_02_25_archive.html

Scroll down; assume [...] after each

Feb. 27, 2007: Introduction

Private Microbank

The Micro Finance Bank Ltd set up by the Aga Khan Rural Support Program , the Aga Khan Fund for Economic Development

CIDA: a partner with the Aga Khan Development Network

Aga Khan Agency for Microfinance (AKAM), an arm of the Aga Khan Development Network
[....]

Feb. 26, 2007: Innovations in Microcredit

This is intended to provide more background to other posts ... on aid, microcredit, development, foundations, banking endeavours, and taxpayer money.

Feb. 26: 2007: Global Development ....

There is more and also links to other posts from months ago.


Frost Hits the Rhubarb Jan. 14 - 20, 2007

frosthitstherhubarb.blogspot.com/
2007_01_14_archive.html

Banking and microcredit related -- Search:

Update-additions: Jan. 13, 2007: Financing Disaster #2 Introduction

Jan. 13, 2007: #1 CIDA Evidence to Senate Committee [i.e. Where has Canada's Foreign Aid been going in Afghanistan? - Continued below]

Jan. 13, 2007: #2 CIDA Evidence to Senate Committee [52-million-dollar micro-financing program in Afghanistan - $100 million per year - supervised by ARTF and the World Bank - Middle Eastern accounting firms - women trained in communication and media - radio - $3-Million out of $90-Million for basic education for girls]

Jan. 13, 2007: #3 CIDA - ARTF [Asian Development Bank, the Islamic Development Bank, the World Bank, the United Nations Development Program ... - officials from the Canadian International Development Agency: Hau Sing Tse, Vice-President of the Asia Branch, and Phillip Baker, Director of the Afghanistan, India, Nepal, Sri Lanka Division - Afghan ARTF Expatriates Services Program - artfexpat.gov.af which leads to iom.int or the International Organization for Migration - Lateral Entry Program to place 100 lateral entrants from NGOs and international organizations in middle- and senior-level line positions in government ministries and agencies]

Mar. 13, 2007: Banking Update-Pakistan-Afghanistan

See Mar. 15 for the screen capture which had been below but disappeared. FHTR


Banking, Aga Khan Fund for Economic Development, Citigroup, ABN-Amro, Pakistan, Habib Bank

Foreign Banks May Spend $1 Billion on Pakistan Stakes (Update1) , By Warren Giles, Feb. 2, 2007 (Bloomberg)

www.bloomberg.com/apps/news?pid=newsarchive&sid=a_C_PAnJs58U

Overseas banks, including Citigroup Inc. and ABN Amro Holding NV, may spend as much as $1 billion to buy stakes in Pakistani banks and take advantage of the rising demand for credit in the South Asian nation.

[....] Citigroup and ABN-Amro will consider acquisitions to catch up in Pakistan with Standard Chartered Plc, which bought Union Bank Ltd. in September for $487 million to cement its place as the biggest overseas lender in a nation of 160 million people.

On Sept. 5, in Pakistan's largest banking transaction, London-based lender Standard Chartered bought a 95.37 percent stake in Union Bank for $487 million to create Pakistan's sixth- largest lender by assets. In 2003, Pakistan sold a 51 percent stake in Habib Bank Ltd., the nation's second-biggest lender, to the Geneva-based Aga Khan Fund for Economic Development for $390 million. [....]

Citigroup Will Consider Acquisition of Pakistani Bank (Update3) , By Naween A. Mangi, Nov. 23, 2006 (Bloomberg)

www.bloomberg.com/apps/news?pid=
newsarchive&sid=afUHuOn7VkXE

Citigroup Inc. will consider the acquisition of a Pakistani bank as it seeks to close the gap with the U.K.'s Standard Chartered Plc in South Asia's second- biggest economy.

The biggest U.S. bank will also double branches in Pakistan in a year as it capitalizes on rising loan demand from consumers and small companies, [....]

The Union Bank purchase by Standard Chartered was the largest in Pakistan's banking industry. In 2003, Pakistan sold a 51 percent stake in Habib Bank Ltd., the nation's second-biggest lender, to the Geneva-based Aga Khan Fund for Economic Development for $390 million.

[....] Citibank plans to treble lending to small and medium Pakistani enterprises .... bank targets more buyers of cars and apartments.

Soomro said Citibank will also consider starting Islamic financial services in Pakistan, a nation where 97 percent of the population is Muslim. Islamic law, or Shariah, bans the payment and receipt of interest and stresses profit-sharing.

``This is an area of real opportunity,'' said Soomro, who arranged a $600 million Islamic bond sale for the government in January 2005. Citigroup also arranged the country's first Islamic corporate debt sale in February 2006 for Water & Power Development Authority. [....]

If interest is verboten, how will they make money? Check further ... Maybe it leads to other businesses?

All for the good of humanity ...

In trying to find out more about the recipient of $30-Million Canadian tax dollars, the Aga Khan through his foundation (The international wing is "private", not run by an elected Board of Directors responsible to shareholders nor to the Canadian government, so who tracks what happens?), I have been overwhelmed by the number of positive articles listed by Google. Then, on posting something, I received an anonymous comment, obviously from an Aga Khan accolyte, a believer who perhaps is tasked with ensuring that the media do not dig into the world's "official humanitarians". Well, apart from making a mistake concerning the AK's birthplace which I have corrected and noted more than once, I have not found anyone disputing the substance of what I have found. Even "righteous philanthropists" who receive taxpayer money need to be checked to find out where taxpayer money has gone ... Anonymous spurred me to check further.

Double click to enlarge; then "back" to return



Related:


Frost Hits the Rhubarb Feb. 25 2007

re: Global Development
Microcredit - CIDA - Aga Khan Foundation - Taxpayer Input - Public-Private Partnerships - Transparency - Ramifications - Private Microbank - AKCA / AKF


frosthitstherhubarb.blogspot.com/
2007_02_25_archive.html

Scroll down; assume [...] after each

Feb. 27, 2007: Introduction

Private Microbank

The Micro Finance Bank Ltd set up by the Aga Khan Rural Support Program , the Aga Khan Fund for Economic Development

CIDA: a partner with the Aga Khan Development Network

Aga Khan Agency for Microfinance (AKAM), an arm of the Aga Khan Development Network
[....]

Feb. 26, 2007: Innovations in Microcredit

This is intended to provide more background to other posts ... on aid, microcredit, development, foundations, banking endeavours, and taxpayer money.

Feb. 26: 2007: Global Development ....

There is more and also links to other posts from months ago.


Frost Hits the Rhubarb Jan. 14 - 20, 2007

frosthitstherhubarb.blogspot.com/
2007_01_14_archive.html

Banking and microcredit related -- Search:

Update-additions: Jan. 13, 2007: Financing Disaster #2 Introduction

Jan. 13, 2007: #1 CIDA Evidence to Senate Committee [i.e. Where has Canada's Foreign Aid been going in Afghanistan? - Continued below]

Jan. 13, 2007: #2 CIDA Evidence to Senate Committee [52-million-dollar micro-financing program in Afghanistan - $100 million per year - supervised by ARTF and the World Bank - Middle Eastern accounting firms - women trained in communication and media - radio - $3-Million out of $90-Million for basic education for girls]

Jan. 13, 2007: #3 CIDA - ARTF [Asian Development Bank, the Islamic Development Bank, the World Bank, the United Nations Development Program ... - officials from the Canadian International Development Agency: Hau Sing Tse, Vice-President of the Asia Branch, and Phillip Baker, Director of the Afghanistan, India, Nepal, Sri Lanka Division - Afghan ARTF Expatriates Services Program - artfexpat.gov.af which leads to iom.int or the International Organization for Migration - Lateral Entry Program to place 100 lateral entrants from NGOs and international organizations in middle- and senior-level line positions in government ministries and agencies]

Mar. 13, 2007: Security, Corruption, Gangs ...

Laptop, Computer Security, Privacy

Stolen laptop sparks Order by Commissioner Cavoukian requiring encryption of identifiable data: Identity Must be Protected , TORONTO, March 8, 2007, CNW

www.newswire.ca/en/releases/archive/March2007/08/c8227.html

[....] A physician at SickKids, who also functions as a researcher there, left the hospital on January 4, 2007, taking one of the hospital's laptop computers,.... leaving the laptop under a blanket between the front seats of the van (which had no trunk). When he returned, he discovered that the front passenger window had been broken and the laptop had been stolen.

The personal health information stored on the stolen laptop ....

... very sensitive information was also included such as drug therapy and HIV status. The health information of the patients was being used in 10 different research studies. Some of the patient information had been provided to SickKids by the University Health Network (UHN), since roughly 350 of the patients had been treated at both SickKids and UHN.

All of the data on the laptop was also saved on the SickKids' main server, but the only security measure on the laptop was a login password. [....]

Corruption -- Gang Land

Meet the FBI's ‘Best Undercover Agent' , By Jerry Capeci, NY Sun, March 1, 2007 -- and List of Results for Topic: Gang Land -- Related Articles from the New York Sun

www.nysun.com/article/49571
www.nysun.com/related_re
sults.php?term=Gang+Land&topic=TRUE

At 6-foot 4-inches and more than 300 pounds, veteran FBI agent Joaquin "Jack" Garcia is a small mountain of a man who is hard to miss. That's never stopped him from being a master of disguises. In recent years, the expert undercover agent's appointment calendar must have read a bit like the script for the 1960s screwball comedy "If It's Tuesday, This Must Be Belgium.

Mr. Garcia surfaced last year when he took the stand in a closed courtroom to describe how he had played the role of a Gambino associate for 27 months. At the same time, Mr. Garcia was also posing as a New York capo in a 36-month FBI sting against crooked Florida cops in which four police officers were nailed last week on corruption charges (thus the reason for the secret testimony). [....]

FBI officials, not to mention Mr. Garcia and 12 other agents who worked undercover in the investigation, are furious about the leak, and are likely to point to it the next time the agency gets accused of not sharing information with local police.

On the bright side, Messrs. Companion and Courtney called in sick and began to inquire about retirement benefits when they got wind of the probe. They didn't react the way New York's infamous Mafia Cops, Louis Eppolito and Steven Caracappa, often did during their careers. The dark side — that the lives of FBI agents were put at risk if the Hollywood cops had taken the same path as the murderous New York duo — doesn't sit too well with the FBI. [....]

Lengthy, detailed, fascinating -- more here: GangLandNews.com


Security, Terrorists, Charter

'Give me your tired, your poor ?and your terrorists' -- A Canadian version of the Statue of Liberty , letter, National Post, March 07, 2007

www.canada.com/nationalpost/news/editorialsletters/story.ht
ml?id=73a7c3c6-4e70-4380-b1c8-ae3af05e678e

Amid reassurances by RCMP Deputy Commissioner Gary Bass that the gutting of Canada's anti-terror legislation "won't derail" the Air India probe, the idea of a Canadian version of the Statue of Liberty -- which would serve as a re-affirmation of the universality of our beloved Charter of Rights and Freedoms --is gaining renewed strength.

... "Give me your tired, your poor, your huddled masses yearning to breathe free. We'll also take terrorists with internationally acknowledged credentials and offer them the benefits of our world-renowned judicial system, providing all comers with generous and virtually unlimited litigation support and the additional bonus of a better than even chance of acquittal in the unlikely event of criminal prosecution."

"So send these, the homeless, tempest-tost travellers to our shore, I lift my lamp beside the Charter's golden door!" ...

Memory Lane: Nuclear Security, Pakistan, Nuclear Scientists

Canada-trained Pakistani nuclear scientists 'defecting' -- or here , January 16, 2003

At least five of nine Pakistani nuclear scientists who have 'secretly' left their country to seek more money and better working conditions were trained in Canada ...

Another top scientist, Dr. A.Q. Khan, the man who made Pakistan's nuclear bomb and who has been linked to assisting Iran, Iraq and North Korea weapons programs, was also hosted by the Atomic Energy of Canada Ltd, (AECL).

... fears of the world community about the safety of Pakistan's nuclear weapons falling into wrong hands. [....]

Pakistani scientists like Dr. Khan, Sultan Bashiruddin Mahmood and Chaudhry Abdul Majeed got uranium enrichment expertise courtesy of AECL which had helped build a Candu reactor near Karachi.

Some 50 other leading Pakistani nuclear engineers, including the five of nine who have 'absconded' were also trained in Ontario and New Brunswick.

The nine scientists who are said to have left Pakistan are listed in an internal CHASNUPP memo as Muhammad Zubair, Asst. Engineer, (CNS Fellow, Electrical Division, April 1997), Murad Qasin, Senior Engineer (KINPOE fellow, Mechanical Division, Maintenance, Feb 2000), Tariq Mahmood Senior Engineer, (CNS Fellow, Operation Division, May 2000), Saeed Akhther Senior Engineer, (CNS Fellow, Training Division, June 2000), Imtaz Baig, (Senior Engineer KINPOE Fellow, Operation Division July 2000), (Weheed Nasir, Senior Engineer, KINPOE Fellow, Mechanical Division Aug 2000), Munawar Ismail Senior Engineer (CNS fellow Technical Division Oct. 2000), Shaheen Fareed (Senior Engineer CNS fellow Operation Division Feb. 2002) and Khalid Mahmood (Senior Engineer, Operation Division, July 2002). [....]