Blood bath on Indian markets. Huge sell off. Worst crash.

[Śakra]

FAKE NEWS

Each and every Asian markets have collapsed today. European markets will do same when they open
Worst performing is Shanghai stock exchange

Glory to the Han race. A 4% drop in their market is greater than the market cap of the pakistani stock exchange.

 

[Yaseen1]

indian rupee is declining continuosly for past few months

FAKE NEWS

Each and every Asian markets have collapsed today. European markets will do same when they open
Worst performing is Shanghai stock exchange

which shows problem is in their economy

 

[Beast]

FAKE NEWS

Each and every Asian markets have collapsed today. European markets will do same when they open
Worst performing is Shanghai stock exchange

Lol.. China has 3 trillion USD foreign reserve and India only got peanuts. At this rate, India will be wiped off first before speculator got their hands burn by Chinese huge foreign reserve. India do not have such luxury.

See how much rate your rupee drop against USD vs Chinese yuan. India suffer the impact most. Worst of all, India heavily depend on import like gold and oil.

India is doomed.

 

[Imad.Khan]

FAKE NEWS

Each and every Asian markets have collapsed today. European markets will do same when they open
Worst performing is Shanghai stock exchange

Thats worrying, any idea what caused this?

 

[BHarwana]

Indian markets crossing 1200 points nose dive

Very bad and very sad

 

[Mighty Lion]

Lol.. China has 3 trillion USD foreign reserve and India only got peanuts. At this rate, India will be wiped off first before speculator got their hands burn by Chinese huge foreign reserve. India do not have such luxury.

See how much rate your rupee drop against USD vs Chinese yuan. India suffer the impact most. Worst of all, India heavily depend on import like gold and oil.

India is doomed.

Not at all.
Indian stock market is worth $2.1 triilion, PSX is only $85 billion.
As for rupee PKR has fallen 25%, INR only 13.5%

 

[Beast]

Not at all.
Indian stock market is worth $2.1 triilion, PSX is only $85 billion.
As for rupee PKR has fallen 25%, INR only 13.5%

Another self comforting post,check out how much your forex reserve has depleted. Modi government consider dipping in to stem the fall. At this rate, India will closed to default soon.

 

[Tom M]

Great time guys, go shopping. Just bought 1 lot of TechM @678.25 a piece, good bargain I guess.

All the best for Value Picks.

 

[Imran Khan]

Poor Indians will lose billions today. It is Pakistan has attacked India.

Very bad and very sad day.

@SunilM @Novice09 @Nilgiri

Very depressing
@Path-Finder @PakSword @Imran Khan

bus ker do yaar mafi de do hamsaay hain

 

[BHarwana]

4lakh crore wiping out very 5 minutes from Indian economy.

Red red red red.

It is a blood bath.

Great time guys, go shopping. Just bought 1 lot of TechM @678.25 a piece, good bargain I guess.

All the best for Value Picks.

It just went down 2% more lol.

 

[Imad.Khan]

Not at all.
Indian stock market is worth $2.1 triilion, PSX is only $85 billion.
As for rupee PKR has fallen 25%, INR only 13.5%

Hey mate, can i please get the link from where you got those world stock snapshot

 

[BHarwana]

https://twitter.com/x/status/1050242946555990017

 

[Tom M]

It just went down 2% more lol.

Not at all an issue. It's quite undervalued at the moment and I'm holding onto 5 lots of this stock from August 2013 at an average rate of Rs. 370 a piece. Not gonna affect my portfolio much.

 

[Cherokee]

Walking Barefoot with a begging bowl in hand another Pakistani PM completes the rite of Passage . Neither Iron Brother nor ummah chummah came to help . so sad .

This time Begging bowl is bigger than any other time in the history .

Pakistan to seek its largest loan package from IMF

WASHINGTON: Pakistan is seeking its largest loan package of up to $8 billion from the International Monetary Fund (IMF) to bail itself out from a severe crisis that threatens to cripple its economy, diplomatic sources told Dawn.

The sources said that the IMF could place strict conditionalities, forcing Pakistan to seek additional loans for meeting those restrictions and this could expand the loan facility to $12bn.

Pakistan began exploring the possibility of yet another loan package with the IMF while the PML-N was still in power and the exploratory talks continued under the interim government as well.

The final decision, however, was announced on Monday night when Finance Minister Asad Umar confirmed that the government was going to the IMF to bail Pakistan out of its foreign currency crisis.
The announcement followed the highest single-day loss in a decade in the stock market, which plunged by over 1,300 points, losing almost Rs270bn of its capitalisation.

On Tuesday, the IMF said that it would listen to Pakistan’s request for financial support “very, very attentively”, as it did with any member with good standing.

Pakistan has received more than a dozen financial support packages from the IMF in the past. It completed the last three-year package of $6.4bn in August 2016, which was 216 per cent of Pakistan’s quota at the IMF.

The previous programme also aimed at “bringing down inflation and reducing the fiscal deficit to more sustainable levels”. It included measures to “help achieve higher and more inclusive growth, in particular through addressing bottlenecks in the energy sector”.

At a news briefing on Tuesday, IMF chief economist Maurice Obstfeld outlined the economic challenges that Pakistan was facing now and also commented on its ability to finance itself.

Asked how would the IMF react to Pakistan’s request for an emergency bailout package, he said: “As with any member in good standing, they are certainly entitled to request financial support from the Fund. So, we will be listening very, very attentively when and if they come to us.”

He noted that Pakistan has “frequently… had programmes in the past several times… and that is a very good sign going forward”.

Published in Dawn, October 11th, 2018

https://www.dawn.com/news/1438239/pakistan-to-seek-its-largest-loan-package-from-imf

 

[Mighty Lion]

Hey mate, can i please get the link from where you got those world stock snapshot

CNN