Burger_King
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- Jul 18, 2014
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This is what our aflatoon army high command has done.
I work for a large European asset manager on the emerging market fixed income side. Prior to RCO, my fund had significant exposure to Pakistan. More importantly, someone higher up in my company, on the equity side, got very bullish on Pakistan and launched a Pakistan focussed equity fund just prior to COVID. Based on economic outlook, fund got a very solid interest but then Ishaq Dar appeared on the scene. Since then, fund is down by 30-35% in dollar terms and investors cant get money out. Fund is on the verge of closing down. My company was not the only foreign investment house that was positive on Pak. Another fund which was promoting Pak was Tundra. You can look at their report from 2021.
I know few people who work at high level at multinationals. Given the quality of talent and cheap rates compared to rate in UAE or in India, these people were hiring people in Pak to do midoffice work. All these plans have been reduced to zilch.
The reason India has half a trillion in reserves while Pak has to lick dirty Arab and gora ghand is because India, despite being a country full of crap, is able to attract commercial investment. Under IK, country had taken baby steps on the path that India had taken two decades back. Investors who were willing to help Pakistan have been shot in the foot by Pak army. They will not look at Pak for at least another couple of years and that is the positive scenario based on IK coming back to power. Otherwise enjoy your fate or pray China takes pity. Keep insulting Chinese culture while killing Chinese expats and that route will close as well. Hafiz can take comfort from whisky. What will you do?
I work for a large European asset manager on the emerging market fixed income side. Prior to RCO, my fund had significant exposure to Pakistan. More importantly, someone higher up in my company, on the equity side, got very bullish on Pakistan and launched a Pakistan focussed equity fund just prior to COVID. Based on economic outlook, fund got a very solid interest but then Ishaq Dar appeared on the scene. Since then, fund is down by 30-35% in dollar terms and investors cant get money out. Fund is on the verge of closing down. My company was not the only foreign investment house that was positive on Pak. Another fund which was promoting Pak was Tundra. You can look at their report from 2021.
I know few people who work at high level at multinationals. Given the quality of talent and cheap rates compared to rate in UAE or in India, these people were hiring people in Pak to do midoffice work. All these plans have been reduced to zilch.
The reason India has half a trillion in reserves while Pak has to lick dirty Arab and gora ghand is because India, despite being a country full of crap, is able to attract commercial investment. Under IK, country had taken baby steps on the path that India had taken two decades back. Investors who were willing to help Pakistan have been shot in the foot by Pak army. They will not look at Pak for at least another couple of years and that is the positive scenario based on IK coming back to power. Otherwise enjoy your fate or pray China takes pity. Keep insulting Chinese culture while killing Chinese expats and that route will close as well. Hafiz can take comfort from whisky. What will you do?
