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Market nosedives as hopes of Chinese aid die down .

bafxet

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The stock market was in a free fall right after trade opened on Monday as there was no news of an aid package from Beijing even on the last day of Prime Minister Imran Khan’s visit to China.

The premier’s visit to China was the biggest trigger that has been driving market sentiments over the past few sessions. Investors’ expectations that the PM’s visit would result in some ‘good news’ helped the benchmark KSE-100 index close above 42,000 points, its highest level in the last nine weeks.

https://www.samaa.tv/news/2018/11/market-nosedives-as-hopes-of-chinese-aid-die-down/
 

Tshering22

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The stock market was in a free fall right after trade opened on Monday as there was no news of an aid package from Beijing even on the last day of Prime Minister Imran Khan’s visit to China.

The premier’s visit to China was the biggest trigger that has been driving market sentiments over the past few sessions. Investors’ expectations that the PM’s visit would result in some ‘good news’ helped the benchmark KSE-100 index close above 42,000 points, its highest level in the last nine weeks.

https://www.samaa.tv/news/2018/11/market-nosedives-as-hopes-of-chinese-aid-die-down/

What is the state of your public sector companies who own mining, energy, coal etc? They must have big profit reserves.

Can't they come together to create a sovereign wealth fund? It will be a small start but at least it will take you to a road to development.
 

alee92nawaz

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The stock market was in a free fall right after trade opened on Monday as there was no news of an aid package from Beijing even on the last day of Prime Minister Imran Khan’s visit to China.

The premier’s visit to China was the biggest trigger that has been driving market sentiments over the past few sessions. Investors’ expectations that the PM’s visit would result in some ‘good news’ helped the benchmark KSE-100 index close above 42,000 points, its highest level in the last nine weeks.

https://www.samaa.tv/news/2018/11/market-nosedives-as-hopes-of-chinese-aid-die-down/
Lol vice mayor was receiving PM sb
 

BRAVO_

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Lol vice mayor was receiving PM sb
aik to wo ham ko karzay dain .... oper say un ke top brass airport per hamain red carpet welcome bhe karay ... yeh kuch zida nahi ho gaya ...:woot:

but this is not an issue who received him at airport, i consider it a very big achievement that both countries are agreed on bilateral trade in local currencies it will reduce the pressure on US Dollar and will eventually bring its value down
 

Jugger

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Solid growth can only come from solid companies and good governance. Sadly Pakistan does not have ether of both.

Only stupid people will tell that the solution to all of Pakistan’s problems is to be more religious.
 

Abdussamad

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What is the state of your public sector companies who own mining, energy, coal etc? They must have big profit reserves.

Can't they come together to create a sovereign wealth fund? It will be a small start but at least it will take you to a road to development.

Things work completely differently in Pakistan. Our genius FM has decided to create a sovereign "wealth" fund consisting of heavily indebted and loss making public sector companies. The profitable ones will not be included in this wealth fund :)

Fact is these enterprises have to be shut down. There is no way to turn them around as long as they remain under public sector administration and the private sector will not invest in them because they are technically bankrupt. The country has a terrible reputation so it can't really attract foreign investors. However, shutting these companies down is hard for our weak government because it'll mean mass retrenchment of workers. So they are going to kick the can down the road instead.

Our debt to GDP ratio is approaching 80%. Meanwhile we have one of the lowest tax to GDP ratios in the world so we won't be able to service this debt burden. All the borrowing that the PTI is now doing to stabilize the economy will also add to that. There is no plan to cut down on debt.

This is worth a read.
 

ziaulislam

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The stock market was in a free fall right after trade opened on Monday as there was no news of an aid package from Beijing even on the last day of Prime Minister Imran Khan’s visit to China.

The premier’s visit to China was the biggest trigger that has been driving market sentiments over the past few sessions. Investors’ expectations that the PM’s visit would result in some ‘good news’ helped the benchmark KSE-100 index close above 42,000 points, its highest level in the last nine weeks.

https://www.samaa.tv/news/2018/11/market-nosedives-as-hopes-of-chinese-aid-die-down/
the market going up and down has nothing to do with anything around bail outs or pakistan looking for aid, this has been stated multiple times by anyone who even knows anything about the BASICS of econmy

it dropped first due to global slow down, than went up high to an unprecdented level, and now is having slight adjustments..regardless with market capitlaization of just 400 companies market is not a representative of pakistani economy as of now

and no body expected a frank bail out from china, i doutb we even aimed for it, goal was more investment, more techincal support and more funding, which pretty much went good

currency swaps will give some of traditional bailout amount but corrective measures+IMF+saudi bailout will pretty much cover the financial gap.. the need was thought to be 18 billion dollars by early this year and it has already dropped well below than as CAD has decreased to half of what it was in may, and is on slow downward trend
 

maithil

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Lol vice mayor was receiving PM sb

This is one diplomatic statement. IK supporters may try to spin it, but many would argue that this was a diplomatic snub. O top of this, the reports of Chinese officials reading out IK's and his minister's statements regarding CPEC to him, is equally embarrassing.
 

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