Genghis khan1
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I will buy cheap properties using Dollars after Rupee crash .
They will leave the country.
Pakistan seeks emergency $3b Saudi cash injection
- Thread starter maithil
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-blitzkrieg-
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Keep importing luxury cars and brands.keep waking up late and starting business late ending it late. Keep buying useless things and keep wasting water and electricity ..keep evading tax and then blame bajwa.
Burger_King
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First, anything appearing in Pak press should be taken with a grain of salt especially news relating to economics and finance.
Second, I find it interesting that news of rollover of Saudi deposit came right after Mir Bajwa's retirement. We have also learnt that the new chief spent three years in Saudi Arabia. Given the recent hostility between Saudis and Americans, we should not be surprised if Saudis were upset with Mir Bajwa's pro-Amreeka tilt and were not onboard with RCO. If we recall, marasala sarkar made a beeline for Riyadh soon after coming to power. Statement was given during the visit that Saudis would step up to help. Saudi largess was not beyond the realms of possibility given Sharif's connection with the country. Yet nothing materialized which setoff somewhat of a panic. Claims were then made that Saudis would wait for IMF agreement but that claim was naansense since Saudis have been financing Turkey which thumbs its nose at IMF. Anyway agreement was reached but Saudis did not act.
But as soon as Mir Bajwa retires, we hear of the rollover of Saudi deposit with SBP. I have been puzzled by Sharif's insistence on appointing GM. Story was spun that GM exposed Ik's corruption. But if that was the case, IK would have been exposed. Also, from what we know, GM's name was not in the original summary. And going by press reports, GM was not a part of Washington yatra which was undertaken by Mir Bajwa. Seems like Mir Bajwa wanted to appoint an American lackey but he failed. This failure explains the hot war that broke out between Sharif's and Bajwa when Bajwa's financial dealings were leaked and Sharifs were accused of murder by their own flunkey.
So who is it that is powerful enough to get Pakistan to override the wishes of Uncle Sam? Answer: the Saudis. Until recently, Saudis and Americans have been on the same page. But relationship has clearly changed. Saudis probably wanted their own man in Pak which explains the appointment of Gen Munir. Without the backing of a powerful entity, their was zero chance that a gutless wonder like SS would have gone against the wishes of his patron, Mir Bajwa. Saudi backing is also probably the reason why IK gave a swift acquiescence to GM's appointment. Also explains the series of meetings between Dollar Dar and the President. Hard to see the two parties breaking the ice without the nudge from Saudis who funnily enough have stated they want to see political stability in Pak.
Does appointment of GM mean game over for the enemies. Certainly not. Plenty of American tutoos in armed forces who even COAS will be hesitant in touching until he can secure his flanks. Would also be interesting to see reaction of Chinese. So far, I have not read any press reports of meeting of the army chief with Chinese ambassador.
From economic perspective, it is essential that Pak secures backing from Saudis/GCC who have funded Turkey and Egypt much more handsomely. I do detect a positive turn of events. I am putting my money where my mouth is and I have started buying Pak assets which trade dirt cheap. Strategy has paid off big time in the past and I am optimistic it wall payoff again. Ameen.
Second, I find it interesting that news of rollover of Saudi deposit came right after Mir Bajwa's retirement. We have also learnt that the new chief spent three years in Saudi Arabia. Given the recent hostility between Saudis and Americans, we should not be surprised if Saudis were upset with Mir Bajwa's pro-Amreeka tilt and were not onboard with RCO. If we recall, marasala sarkar made a beeline for Riyadh soon after coming to power. Statement was given during the visit that Saudis would step up to help. Saudi largess was not beyond the realms of possibility given Sharif's connection with the country. Yet nothing materialized which setoff somewhat of a panic. Claims were then made that Saudis would wait for IMF agreement but that claim was naansense since Saudis have been financing Turkey which thumbs its nose at IMF. Anyway agreement was reached but Saudis did not act.
But as soon as Mir Bajwa retires, we hear of the rollover of Saudi deposit with SBP. I have been puzzled by Sharif's insistence on appointing GM. Story was spun that GM exposed Ik's corruption. But if that was the case, IK would have been exposed. Also, from what we know, GM's name was not in the original summary. And going by press reports, GM was not a part of Washington yatra which was undertaken by Mir Bajwa. Seems like Mir Bajwa wanted to appoint an American lackey but he failed. This failure explains the hot war that broke out between Sharif's and Bajwa when Bajwa's financial dealings were leaked and Sharifs were accused of murder by their own flunkey.
So who is it that is powerful enough to get Pakistan to override the wishes of Uncle Sam? Answer: the Saudis. Until recently, Saudis and Americans have been on the same page. But relationship has clearly changed. Saudis probably wanted their own man in Pak which explains the appointment of Gen Munir. Without the backing of a powerful entity, their was zero chance that a gutless wonder like SS would have gone against the wishes of his patron, Mir Bajwa. Saudi backing is also probably the reason why IK gave a swift acquiescence to GM's appointment. Also explains the series of meetings between Dollar Dar and the President. Hard to see the two parties breaking the ice without the nudge from Saudis who funnily enough have stated they want to see political stability in Pak.
Does appointment of GM mean game over for the enemies. Certainly not. Plenty of American tutoos in armed forces who even COAS will be hesitant in touching until he can secure his flanks. Would also be interesting to see reaction of Chinese. So far, I have not read any press reports of meeting of the army chief with Chinese ambassador.
From economic perspective, it is essential that Pak secures backing from Saudis/GCC who have funded Turkey and Egypt much more handsomely. I do detect a positive turn of events. I am putting my money where my mouth is and I have started buying Pak assets which trade dirt cheap. Strategy has paid off big time in the past and I am optimistic it wall payoff again. Ameen.
FOOLS_NIGHTMARE
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RIP Pak LAW
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So when Asim Munir is leaving for Riaydh ?
villageidiot
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so the one thing you noticed these last 8 months is that people started buying more luxury cars? tanking the economy?
Imran Khan
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i request saudi to refuse it
Last time Bajwa went he ended up with some ornamental gold medal, which obviously he did not deposit in Toshakhana.
I guess they all look for excuses to go Saudi, in the hope of getting gifts.
Loan or interests of Pakistan come secondary.
I guess they all look for excuses to go Saudi, in the hope of getting gifts.
Loan or interests of Pakistan come secondary.
Chat SAMOSA
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Even now they refuse to publish the full cpec t&c.
And they tool whatever meager reserves and paid China interest.
Exactly what US and IMF were saying when they refused previous loan - why would anyone else help just so pak can pay China?
So much for iron brother. Clearly the iron is the chain around pak neck; and some low level asst to Xi holding the other end.
Come on guys ! You still don't realize what happened ?
And they tool whatever meager reserves and paid China interest.
Exactly what US and IMF were saying when they refused previous loan - why would anyone else help just so pak can pay China?
So much for iron brother. Clearly the iron is the chain around pak neck; and some low level asst to Xi holding the other end.
Come on guys ! You still don't realize what happened ?
hydrabadi_arab
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No shit faujis are brain dead. They know jack shit about economy. Now COAS will be on beggin trip once again. Hopefully Saudis refuse to bail out bastards.
-=virus=-
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aapka mulk apakai lye bas ek casino ban ke reh gya h kya ?
Khalidr
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Pakistan allegedly restricting foreign airlines from converting currency in order to keep the Rupee afloat
LAHORE: The International Air Transport Association (IATA) warned that airline funds for repatriation blocked by governments have risen by more than 25% ($394 million) in the last six months. IATA cla
profit.pakistantoday.com.pk
This explains a lot, seems Pakistan is near to default.
SD 10
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the myths are breaking...which is good thing!
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