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Nawaz Sharif to Return to Pakistan on Sep. 10

Posted on August 30, 2007
Filed Under >Darwaish, Law & Justice, People
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Darwaish

Former Prime Minister and exiled PML(N) leader, Nawaz Sharif, announced his return plans today in a press conference in London. He along with his brother, Shahbaz Sharif, will return to Pakistan on 10th September. He announced his return when media is reporting news about the Benazir and Musharraf Deal and the possible settlement on the Wardi (uniform) issue. A private plane has been chartered for approximately 85,000+ pounds (now that’s a lot of money) to bring Sharif family to Pakistan, Islamabad airport to be precise.

A large number of western, middle-eastern and Pakistani journalists and PML(N) party leaders are also expected to accompany Sharif brothers. I was not expecting the Sharifs to land in Islamabad but I guess its a symbolic thing and they want to send a message to Mr. Musharraf’s regime whose days are numbered according to most political observers. President Musharraf’s spokesman, however, has claimed that Nawaz and Shahbaz will NOT return despite the announcement and the Saudi Officials have assured President to stop them from returning to Pakistan.



According to Geo news:

Leader of the Pakistan Muslim League (N), Mian Muhammad Nawaz Sharif said that he along with his brother Mian Shahbaz Sharif would land at Islamabad airport on September 10 and then would go to Lahore via G.T. Road.

Addressing the press conference in London, the former prime minister said that with the message of consolidarity and unity they would land at the same place where his democratic government was attacked in the night of October 12. Nawaz Sharif said that the government cannot send them again in exile after the Supreme Court’s decision. The former prime minister said that the Pakistan Muslim League (N) and the APDM have also endorsed the decision of their returning home. He said that he knows there would be difficulties for them and the government would want to make difficulties for them in the country but his party workers are not afraid of batons of police.

The former prime minister said that he has no personal but a national agenda. He demanded from General Pervez Musharraf to leave both seats of the president and the army chief and said that the power be handed over to the chairman of the Senate.

I was watching Kamran Khan Show on Geo and Kamran was talking to government officials. I got the feeling that brothers will be arrested on different cases immediately after their return. Nawaz Sharif will possibly be arrested on helicopter and hijacking case and Shahbaz will be arrested on extra judicial killing case registered against him in 2000. Whatever happens, it will be yet another crises situation for this government and the people of Islamabad who I think once again, will be most affected because of this political drama on 10th September.

PML(N) is trying to give their leadership a historic welcome and they are planning to bring them from Islamabad to Lahore in a rally. They claim that it will be an even larger reception than that of Benazir’s return in 1986. We will have to wait and see if that happens. But its quite visible that General Musharraf and Chaudharies of Punjab are clearly upset on Sharif brothers return. Musharaf has reportedly called Shah Abdullah of Saudi Arabia to stop Sharif brothers from coming to Pakistan. Chief Minister Punjab, Chaudhary Pervez Ilahi was also talking to Kamran Khan an hour ago and, although he was trying to downplay the news, he was quite clearly upset.

A lot of people including Benazir Bhutto and Sheikh Rasheed have been expressing their concerns about the possibility of Martial Law or Emergency in case there is no deal between them. But it was encouraging to hear General Musharaf today that Martial Law or Emergency is NOT the future of Pakistan. According to Geo News:

President General Pervez Musharraf said that martial law or emergency is not the future of Pakistan but first of all is Pakistan. He said that the elections should be held in time and nobody should make any barrier in the way. Talking at the government-controlled television, President General Pervez Musharraf said that he wants political stability in the country, particularly, a good political atmosphere is necessary before the elections.

The President said that he thinks that his election should be held up to September 15 to October 15, and the general elections should be held later. The elections should be impartial, fair and transparent. Talking on the country’s economy, President General Pervez Musharraf said that there was a time when Pakistan was not able to pay even the interest on its debts but now the balance of payments has become better.

He said that GDP has reached from four per cent to seven per cent and once its growth was eight per cent. We have brought down the monetary deficit from eight per cent to four per cent and Pakistan’s foreign exchange reserves raised to even over $16 billion. The President said that the country’s economy is progressing and this voyage should continue. Foreign investment has been increased and the privatization has shown very good results.

Whatever happens, I just hope that political issues are dealt in a political manner. We don’t want yet another crises which has been the case in recent past. It would be wise for the government to let them come and let them face any cases against them. It is the people of Pakistan who should decide the political future of Pakistan and not some generals sitting in GHQ or some deals between Benazir and Musharraf. What impact do you think the return of Sharif brothers will have on Pakistani political scene, if any? What should General Musharraf really do now?

Image Credit: Geo TV and Daily Jang

Mountain Real Estate Capital Purchases and Restructures Debt on Asheville, North Carolina Mountainside Community web site asheville north carolina

Wireless News February 11, 2011

Wireless News 02-11-2011 Mountain Real Estate Capital Purchases and Restructures Debt on Asheville, North Carolina Mountainside Community Type: News

Mountain Real Estate Capital (MREC) announced its latest acquisition, a $20 million note held by a bank group led by Regions Bank secured by the Southcliff community minutes from historic Asheville, N.C.

According to a release, MREC will work with the current developer to restructure the debt and allow for a smooth transition of ownership. The firm will also infuse a substantial investment of new capital for additional amenities and site improvements. MREC plans to reposition sections of the project and accelerate development and sales to qualified homebuilders.

Southcliff is a gated community consisting of 276 luxury wooded homesites on 400 acres with mountaintop views of North Carolina’s Blue Ridge Mountains. Amenities include six miles of walking trails through protected woodlands, several parks, a children’s playground and two grill areas.

“Southcliff was one of three large residential assets in North Carolina that we acquired from banks in December,” said MREC’s chief executive officer, Peter Fioretti. “Southcliff complements our other two acquisitions we acquired from banks – a waterfront community in Wilmington and an infill project in Charlotte. These three projects contain approximately 1,000 lots, which we will sell to or venture with select large private and public homebuilders over the next five years. Additionally, we have since closed on two more sizable developments in the Northeast and California. Projected sales of these recent five acquisitions are approximately $160 million.” website asheville north carolina

MREC had worked for several months to structure this acquisition with Southcliff’s developer, Southcliff Mountain Partners, and with the bank group led by Regions Bank, the Company noted. Once structured with the bank group, MREC closed the note purchase within 30 days. The restructure provided the developer relief on its note obligations in exchange for the developer’s cooperation in MREC’s effort to invest new capital and accelerate the development and homebuilding in the project.

“Our group is extremely proud to have developed this truly unique community, and we are very pleased that MREC is committing substantial capital to continue and enhance the development,” said Donald Williams, principal of Southcliff Mountain Partners. “We will support MREC’s efforts however possible, and we know this project recapitalization will provide the homeowners with the best in luxury mountainside living in the Asheville market.”

MREC is organized to invest $1 billion in bank REO/NPL with a focus on residential development loans/projects to be either acquired or restructured/recapitalized for existing borrowers, the Company said.

“We are very impressed by the depth and experience of the regional builder community and their desire to acquire homesites in Southcliff,” said MREC’s Chief Investment Officer Arthur Nevid, who heads the company’s bank portfolio acquisition program based in Charlotte. “We are extremely excited to work with them on this opportunity.”

((Comments on this story may be sent to newsdesk@closeupmedia.com))

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55 comments posted

Comment Pages: [7] 6 5 4 3 2 1 » Show All

  1. Tari Khan says:
    May 12th, 2008 4:29 am

    NS SS are real brothers
    both of them are rich tycoon, least pushed and bothered about poor mases in Pakistan.
    At this stage all political and politicians should concentrate more on civic and socio-economic problems rather than Judges issues.
    Judges are rich class breed, they can manage day to day affairs. Govt of pakistan should come close to people of pakistan and solve Atta-Gas-Electricity-Petrol price hike, which is directly effecting poor people, earning less than a dollor a day.

  2. Rafay Kashmiri says:
    November 1st, 2007 8:04 pm

    Darwaish,

    To those who were happy that Nawaz Shareef’s

    obstacle is cleared.Look into the mirror, see how

    democrates your are, one who was elected with 2/3

    of the waste majority was by force thrown out of

    his country and constituency, under your red noses,

    shame on you all!! now see who has run away from

    the country with coward reasons?? PPP is finished.

    find out a Qabrustan in Dubai.

    The whole Pakistan has stood up against PPP as

    it is the basic reason of all our turmoil and disasters.

  3. Social Mistri says:
    October 10th, 2007 10:21 pm

    PatExpat: Mahmoud Abbas can only be involved if some now-forgotten deal comes to light in which Nawaz or Shahbaz had used Mooda as their chachay-ka-puttar to secure some other concession with Saudi backing. After all, that’s why Hariri was inserted into our affairs…. Not because of Musharraf, but because of the Jaali-balo’n-wali-bala (aka NS) who had originally used Rafiq Hariri as his proxy bhikari to go and beg for forgiveness…

    Ab baree ghairat aa rahee hay Aba-ji ki aulad ko. Hariri say tarlay mintai’n nahien karnee’n thee’n jab qaed bhugat ra tha. If he couldn’t stay in jail and get through the experience like a man, then at least he should have been as much woman as Benazir or her mother, who have braved jail many times. Us waqt to Rafiq uncle yaad aa gaey thay… Sala takla jhoota martial law ki aulad.

  4. jonelyn says:
    October 10th, 2007 10:13 pm

    hi!!!!!!are you sharif ullah knan from pakistan

  5. Adonis says:
    September 11th, 2007 12:46 am

    #
    Dewana Aik says:

    ” Nawaz would have been better off working with PPP and possibly making a joint arrival with Benazir.”

    ——————————————————————–

    That would have been possible only if Nawaz was willing to make a deal with musharraf. Obviously he was not desperate enough like benazir to that.

  6. Dewana Aik says:
    September 10th, 2007 7:47 am

    Hey…Saad Hariri is a fav of your fav Saudi wahabis…don’t put this on me.

  7. PatExpat says:
    September 10th, 2007 7:36 am

    Dewana

    I suggest that lets make Saad Hariri prime minister. He earned it. He did more for Mush than our imported Short Cut Aziz.

    And next time, why not involve Mahmoud Abbas (Palestinian President) in our affairs. He might be feeling left out.

Comment Pages: [7] 6 5 4 3 2 1 » Show All



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