What plans did army chief share with businessmen?

What plans did army chief share with businessmen?

Sources say army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues.

www.dawn.com

KARACHI: Amid a gloomy economic atmosphere and lingering wheat, cotton and dollar crisis, Army Chief General Asim Munir has signalled towards the country’s bright future in view of the upcoming huge foreign investments in various sector















In a four-hour meeting with some 50 businessmen on Saturday, the army chief said during his recent visit to Saudi Arabia he had informed Mohammad Bin Salman that he had not arrived here for a $1-2 billion investment into Pakistan.


Later, the Saudi prince assured the army chief of investing $25bn in Pakistan under the Special Investment Facilitation Council (SIFC) aimed at attracting investment in the agriculture sector by offering land and ensuring exports.


Sources said the army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues which would be returned in rupees.



While referring to the meeting in the UAE, the army chief had also requested the UAE ruler to provide $10bn for improving foreign exchange reserves on which the UAE ruler had reportedly agreed. Another $25bn investment is also committed by the UAE ruler in case the army is with us.


Gen Asim Munir also assured businessmen of bringing $25-30bn investment from Qatar and Kuwait in his next visit to improve the country’s economy. He said that he would try to bring a total of $75-100bn investment from Saudi Arabia, the UAE, Qatar and Kuwait.


A businessman, who attended the meeting, said that the army chief had also disclosed levelling of lands was being done in various areas of Punjab, Sindh and other provinces to encourage foreign investment in various crops.


Sources said Gen Asim had also hinted at not going towards the International Monetary Fund (IMF) for any new programme as the fund does not give any permission to work freely and an increase in power rates was also a part of the programme.


The meeting also discussed gas, power, export and corruption along with the role of bureaucracy. On smuggling of Iranian petrol, he asked the corp commander that the Iranian petrol should not reach Karachi. The issues relating to corruption in Sindh, the culture of tax evasion, privatisation of sick SOEs, the return of illegal Afghani people to their homeland and non-filing of tax returns also came up in the discussion.


A businessman termed the meeting highly encouraging which would yield positive results at a time when the country is facing deep sugar and wheat crises and soaring dollar value against the rupee.


He said a follow-up meeting had been arranged with Corps Commander V in Karachi in light of Saturday’s meeting.


“Gen Asim Munir looks firm and optimistic to bring huge foreign investment from our Muslim countries and it will certainly make a difference in economic indicators,” he said.


The meeting was attended by Businessmen Group Chairman Zubair Motiwala, Karachi Chamber of Commerce and Industry President Tariq Yousuf, FPCCI President Irfan Iqbal Sheikh and some prominent businessmen of Karachi.

 

[Riz]

Haha @ "He said that he would try to bring a total of $75-100bn investment from Saudi Arabia, the UAE, Qatar and Kuwait."

The saudis wont even vist Pak anymore never mind $25bn

shaikh MBS who offering 100 billion dollars to dirty hafiz

 

[N.Siddiqui]

We all knows they are duffers, but they think being the duffers that Awam don't think they are duffers.

 

[Fasbre2]

Neutrals...

On a serious note, this chap seriously believes that Arabs are going to give him 75 - 100 billion dollars just like that?




This cracked me up, check the tone while begging.

70-100 billion of which he dreams 97% going into fauji enterprises inc. through selling country’s assets -Reko Diq, renting out army to Arabs, selling nucs for 1 billion a piece, Assume sell 100 and still have 50 in stock…

No other way A-rabs are going to throw money at the basket case the country has become.

 

[maithil]

Sources said the army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues which would be returned in rupees.



While referring to the meeting in the UAE, the army chief had also requested the UAE ruler to provide $10bn for improving foreign exchange reserves on which the UAE ruler had reportedly agreed.

PKR has gone from 180 to 320 in 16 months. Which idiot would invest dollars and take Rupees in return ? PKR might breach 500 coming next year.

The attendees must be laughing silently at his stupid presentation. Saudis forced you to agree to IMF terms for giving 1 billion dollars. And now they will give you 100 billions.

 

[indushek]

One thing that Pakistan can offer to Saudis, which might end up helping them get the proposed Billions from Saudi Arabia is nuclear tech.

Though Saudis and Iranians have patched up, the Saudis wouldn't want to lose their pre eminent position in Muslim world. Getting the bomb can be really juicy, and few billion dollars won't be that big a cost.

Only one who could throw a spanner in this, is the US of A. Let us see

 

[N.Siddiqui]

One thing that Pakistan can offer to Saudis, which might end up helping them get the proposed Billions from Saudi Arabia is nuclear tech.

Though Saudis and Iranians have patched up, the Saudis wouldn't want to lose their pre eminent position in Muslim world. Getting the bomb can be really juicy, and few billion dollars won't be that big a cost.

Only one who could throw a spanner in this, is the US of A. Let us see

Pakistan has ended up saving the nuclear bomb.

Instead of nuclear bomb saving us.

 

[indushek]

Pakistan has ended up saving the nuclear bomb.

Instead of nuclear bomb saving us.

You are looking at it, in light of current events only.

When Pakistan was doing good economically and internationally, the bomb helped in other ways as well.

What do you think of my opinion by the way? As I don't see any other stronger reason, for the Saudis to invest so much in Pakistan right now. There could be agri export of course, since the Arabs don't have too much arable land but only that can't warrant so much investment.

 

[Olympus81]

The regime change by the duffers have already cost the country 20 billion USD and increasing with every passing day, by the minute.

Didn't any business man asked about it .

Being na maloom afraad with your body rotting away in a canal is not fun.

On a serious note, unless there are structural reforms, Pakistan’s inward investments would end up in Middle East, Europe and US in the accounts of corrupts.

Structural reforms mean army back to barracks, rule of law, ease of doing business, lower cost of business to begin with.

 

[N.Siddiqui]

You are looking at it, in light of current events only.

When Pakistan was doing good economically and internationally, the bomb helped in other ways as well.

What do you think of my opinion by the way? As I don't see any other stronger reason, for the Saudis to invest so much in Pakistan right now. There could be agri export of course, since the Arabs don't have too much arable land but only that can't warrant so much investment.

Saudia has financed the nuclear program of Pakistan, as per some reports.

And Pakistan, Saudia has some kind of deal that Pakistan nukes can be used if the sovereignty of Saudia is threatened.

As a deterrent rather, the use of nukes are out of question.

Have to dig into the news.

And there is a large presence of Pakistan military in Saudia. Ex COAS Raheel Sharif headed the Arab combined forces for terror fighting.

So Pakistan nukes is a deterrent for Saudia, don't need to possess it.

 

[indushek]

Saudia has financed the nuclear program of Pakistan, as per some reports.

And Pakistan, Saudia has some kind of deal that Pakistan nukes can be used if the sovereignty of Saudia is threatened.

As a deterrent rather, the use of nukes are out of question.

Have to dig into the news.

And there is a large presence of Pakistan military in Saudia. Ex COAS Raheel Sharif headed the Arab combined forces for terror fighting.

So Pakistan nukes is a deterrent for Saudia, don't need to possess it.

Had heard about this before too, and can't disagree with the thought of them having no need to possess it.

Something tells me, they might want to possess it currently but that's a different argument altogether. Still if what we both are talking about has some truth (without their need to possess them I mean), even then it becomes important for Saudis to keep Pakistan afloat.

Perhaps that's why your COAS is so confident, of getting financial help.

 

[ghazi52]

,.,..

 

[N.Siddiqui]

Still if what we both are talking about has some truth (without their need to possess them I mean), even then it becomes important for Saudis to keep Pakistan afloat.

Perhaps that's why your C

Yes, with Saudia security pegged to Pakistan, tied with it.

Keep floating it is akin to let it survive, but not necessarily thrive, a flailing Pakistan can be acceptable, not going fully kaput.

In the book, no exit from Pakistan, the writer also talks about the country importance to US, but it also tells that a stronger, independent Pakistan is not in the US scheme of things.

A dependent, weaker country will do for US.

 

[Rafael]

I have never seeen a more delusional lot lol

 

[Olympus81]

Yes, with Saudia security pegged to Pakistan, tied with it.

I don’t think that is true.

Looks more like Pakistan’s security is tied to Saudi dollars.

Only leverage Pakistan has to getting investment is to use the nuclear blackmail card but that would be an extremely irresponsible thing to do.

 

[HAIDER]

What plans did army chief share with businessmen?

Sources say army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues.

www.dawn.com

KARACHI: Amid a gloomy economic atmosphere and lingering wheat, cotton and dollar crisis, Army Chief General Asim Munir has signalled towards the country’s bright future in view of the upcoming huge foreign investments in various sector















In a four-hour meeting with some 50 businessmen on Saturday, the army chief said during his recent visit to Saudi Arabia he had informed Mohammad Bin Salman that he had not arrived here for a $1-2 billion investment into Pakistan.


Later, the Saudi prince assured the army chief of investing $25bn in Pakistan under the Special Investment Facilitation Council (SIFC) aimed at attracting investment in the agriculture sector by offering land and ensuring exports.


Sources said the army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues which would be returned in rupees.



While referring to the meeting in the UAE, the army chief had also requested the UAE ruler to provide $10bn for improving foreign exchange reserves on which the UAE ruler had reportedly agreed. Another $25bn investment is also committed by the UAE ruler in case the army is with us.


Gen Asim Munir also assured businessmen of bringing $25-30bn investment from Qatar and Kuwait in his next visit to improve the country’s economy. He said that he would try to bring a total of $75-100bn investment from Saudi Arabia, the UAE, Qatar and Kuwait.


A businessman, who attended the meeting, said that the army chief had also disclosed levelling of lands was being done in various areas of Punjab, Sindh and other provinces to encourage foreign investment in various crops.


Sources said Gen Asim had also hinted at not going towards the International Monetary Fund (IMF) for any new programme as the fund does not give any permission to work freely and an increase in power rates was also a part of the programme.


The meeting also discussed gas, power, export and corruption along with the role of bureaucracy. On smuggling of Iranian petrol, he asked the corp commander that the Iranian petrol should not reach Karachi. The issues relating to corruption in Sindh, the culture of tax evasion, privatisation of sick SOEs, the return of illegal Afghani people to their homeland and non-filing of tax returns also came up in the discussion.


A businessman termed the meeting highly encouraging which would yield positive results at a time when the country is facing deep sugar and wheat crises and soaring dollar value against the rupee.


He said a follow-up meeting had been arranged with Corps Commander V in Karachi in light of Saturday’s meeting.


“Gen Asim Munir looks firm and optimistic to bring huge foreign investment from our Muslim countries and it will certainly make a difference in economic indicators,” he said.


The meeting was attended by Businessmen Group Chairman Zubair Motiwala, Karachi Chamber of Commerce and Industry President Tariq Yousuf, FPCCI President Irfan Iqbal Sheikh and some prominent businessmen of Karachi.

COAS will try to go after everyone, but not after IPP. These 107 business tycoons will fool this COAS again ..