Circular Debt Well-Known and Which Exists As a Their Sides
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The Business | EDITORIAL/OPINThursIdaOy , DecN ember 030, 24020 Reminiscing 1971 war Chief Editor Irfan Athar Qazi in the North Arabian Sea MUHAMMAD AZAM KHAN Bangladesh’s claim of genocide of an innovative operational thinking and guish a submarine to be the most cred - E-mail: [email protected] three million as “gigantic rumour”. audacious action by Pakistan Navy ible platform in any naval arsenal. Not he remains of the famous She also dismisses that 93,000 Pak - Submarine Hangor commanded by the only that, in strategic sense too, a sub - [email protected] American naval hero, John istani soldiers were ever in Indian cus - then Commander, late Vice Admiral marine armed with nuclear tipped Paul Jones lie buried at the tody, the figure was much less and Ahmad Tasnim. The submarine torpe - missile is the strongest limb in nuclear Tijarat House, 14-Davis Road, Lahore UnTited States Naval Academy at An - included thousands of non-combat - doed and sank Indian Navy frigate INS triad. In any case, moving up north napolis, Maryland. A Scottish emi - ants, according to Bose. But as if ob - Khukri off Kathiawar coast along and searching for prey, PNS 0423-6312280, 6312480, 6312429, 6312462 grant to British colonies in North sessed to oblige an overbearing Modi’s Gujarat. It was the night of De - HANGOR finally had luck smiling at America, Jones quickly made his neighbour and to sidetrack internal cember 9. This one incident had a it. On December 9, PNS Hangor got a Cell # 0321-4598258 name as a first rate naval officer at the unrest, Hasina’s government is deter - telling psychological impact on the In - breakthrough when two Indian onset of American Revolution in minedly trying to open old wounds by dian Naval mindset. From an overly of - frigates were spotted patrolling in 1775. Later, during an encounter with executing those who opted to side fensive posture, the entire Indian close formation. The targets were the British fleet off Yorkshire, Eng - with Pakistan during the civil war. Western Naval Command withdrew to tracked for considerable period of 1st Floor Ahmed Plaza near Zong Office land in 1779 when asked by opponent This, it does much against the 1974 a defensive position. It also changed the time till about 1900 hours in the Susan Road, Faisalabad, Ph: 041-8555582 if he has surrendered, he delivered his tripartite agreement that embargoes tide of war in the North Arabian Sea in evening. At 1957, PNS Hangor fired immortal reply: “I have not yet begun trials on grounds of clemency and in - favour of Pakistan. To Pakistan’s mis - a homing torpedo at the northerly ship to fight.” The phrase has since guided ternational outcry on the dubious and fortune, close to midnight of 2nd De - in the formation. No explosion was, ISLAMABAD / RAWALPINDI generations of US naval officers. In unfair conduct of trials. For such rea - cember, PNS Hangor detected a large however, heard. At this moment, the N-125 Circular Road, Ph: 051-5551654, 2015, Indian Prime Minister Narendra sons, many impartial analysts view formation of Indian Navy warships. But Commanding Officer decided to fire 5532761, Cell # 0300-8567331 Modi visited Bangladesh. While ad - the incumbent government in the war had not broken out and the sub - another shot, this time at the ship in KARACHI dressing at Dhaka University, he Bangladesh only as an extension of marine was yet to receive the code the south. After tense five minutes, a 3rd Floor Kehkashan Mall 172-I Block II PECHS blamed Pakistan for spreading terror - India. Dhaka must think hard if it is word for attack. PNS Hangor, there - loud explosion was heard; the torpedo Opp Rehmania Masjid Main Tariq Road ism. Modi reminded the local students really independent and sovereign fore, had no choice except to observe in had found its mark. It was INS Ph: 021-34524550, Cell # 0300-8251534 of how India intervened in today, something it bitterly fought for sheer frustration the lucrative Indian Khukri, the ship of the squadron com - Bangladesh’s 1971 liberation war. some 49 years back. targets disappear in distance. There was mander was hit by Hangor’s torpedo. Pronouncing India’s sinister role in Both New Delhi and Dhaka also con - intense exasperation onboard for the Khukri sank within two minutes or so the run up to 16 Dec, 1971, Modi was veniently exclude from their respective command and the crew of PNS taking down the squadron commander only restating the obvious; a fact quite narratives and brutalities committed by HANGOR since as it turned out later, (Captain Mullah) and entire crew of Circular debt well-known and which exists as a their sides. Little do they realise that one of the ships in the formation was 18 officers and 176 sailors onboard. grim chapter in the annals of South opening this can of worms over four INS Mysore, the mighty Indian Navy The sinking of INS Khukri was his - Asian history. The fateful events of decades later, is only a disservice to the cruiser. It would have been one of the tory in the making. It was an epic, the the period have been recounted by region longing for cooperation and po - highest prizes of the war for the coun - only such action following WWII. many of historians, academia, jour - litical stability than further schism. On try, had PNS Hangor been able to take The encounter and destruction also No problems relating to the Independent Power Pro - nalists, but one stands out for its ob - Modi’s part, while in Dhaka he perhaps Mysore down. dealt a nerve shattering blow to the In - ducers (IPPs), especially the always rising circular jectivity. forgot that the fires of intolerance now Nevertheless, after prowling in the dian Navy which threw everything to debt, is going to go away till it orders a forensic audit Dead Reckoning’ by a renowned raging in New Delhi’s own backyard assigned area for number of days the hunt down and destroy PNS Hangor. Indian journalist known as Sharmila under his watch are sending shivers commanding officer of PNS Hangor But as luck would have it, PNS of the entire supply chain of the power sector; begin - Bose; a fellow at the University of across world capitals. Regardless, the took a daring decision. Disregarding Hangor managed to deceive and foil ning with the IPPs themselves, of course. In fact if it Oxford dissects the events in perhaps war in the West broke out on all fronts the norms of war which prohibit any all attempts by the enemy. This in - had done this before signing agreements with them a most dispassionate manner. While the on 03 December. The Indian Navy had radio transmission lest the ship or sub - cluded no less than 150 underwater few months earlier, it would most likely not be in the baleful role India played during the planned at least three if not more, mis - marine gets detected by the adversary. depth charge attacks. PNS Hangor awkward position that their refusal to accept Rs400 December war has been captured by sile attacks on Karachi. These com - The submarine sought permission safely entered home waters in billion over three years has put it in. It is a little sur - Bose, New Delhi’s overblown figures menced with opening salvos fired at from higher shore authority for Karachi. In the words of the former prising; actually, that nobody in the prime minister’s and Bangladesh’s exaggerated claims Karachi harbour on December 4. Only change of previously assigned opera - commanding officer, Admiral Tas - rather large energy team saw this coming, especially of atrocities by Pakistan army are per - two attacks could, however, succeeded. tional area. Stealth and undersea nim, “luck favours the brave who are since they had just promised to make a one-time full suasively rejected. The author spurns The third had to be aborted. Thanks to movement are key factors that distin - willing to take calculated risks”. payment. Now everybody has to listen to their typical excuses all over again, especially that the only reason that they could sell the deal to their respective boards was the lump sum payment guarantee. And now that the government is suddenly going back on its word, ac - Desperate in Dubai cording to them, they would have to take the matter RAFIA ZAKARIA facing problems. Young physicians back to their boards as well as their shareholders, etc. who had been planning to move to Needless to say, of course, that all the time the circular few months ago, The the UAE are facing their own chal - debt keeps multiplying and the IPPs continue to make Guardian ran the story of a lenges given the time-sensitive appli - 30-year-old Pakistani man cation and arrival procedures. Many outrageous profits. named Hassan, one of 99 of those applying ex - These are not just delaying tactics but also amount A Pakistanis who have pected to receive their to blackmailing the government by waving past sover - been stranded in Dubai licences authorising eign guarantees in its face especially when the coun - ever since the pandemic them to practise in try is deep in very troubled negotiations with the began in a largely aban - Dubai in March. Some International Monetary Fund (IMF), of which energy doned labour camp on who had already re - sector reforms are a very crucial part, and the sector is the outskirts of the city. ceived employment of - simply collapsing under the burden of unsustainable They have no money fers in Dubai resigned debt. That is why this newspaper has always called for and no way to return from their jobs in an immediate and complete forensic audit of all IPPs.