sanjaykumar wrote:The proverbial picture says the thousand words.
Sanjaykumar saab, the NSE building in Mumbai looks even better than the much older BSE building.

sanjaykumar wrote:The proverbial picture says the thousand words.
Rsatchi wrote:https://dailytimes.com.pk/483981/fatf-satisfied-with-pakistans-risk-assessment-study-against-money-laundering-governor/
https://timesofindia.indiatimes.com/wor ... 594339.cms
Diametrically opposed reporting
Pakis claiming 36 of the 40 conditions met!!!
ISLAMABAD: Though the government is boasting of slashing the trade deficit, a decline in the import of raw material has sparked fears of a slowdown in industrial production in coming months.
“I don’t have exact figures, but imports of a lot of raw material are coming down, which makes me a little bit worried,” remarked Adviser to Prime Minister on Commerce Abdul Razak Dawood while responding to a question at a news conference on Tuesday.
He acknowledged that the reduction in industrial raw material import was not a good thing for the national economy. Several factors were behind the low imports, especially the reduction in auto sector’s production levels, he said.
CheersThe adviser listed three main causes which included rupee depreciation, higher interest cost and consumer resistance. “Consumers are not taking interest in different goods due to higher prices; it can happen anywhere in the world,” he said.
WASHINGTON: The International Monetary Fund (IMF) on Monday estimated that Pakistan’s economy would slow down to 2.4 per cent in 2020 and pick up quickly after that as stabilisation measures bear result.
CheersSpeaking at a news conference at the launch of the World Economic Outlook 2019, IMF’s economist Gian Maria Milesi-Ferrtti said Pakistani authorities remained steadfast on fiscal adjustment and the country was now picking up stability as a result. He was responding to a question as to how the renewed tension on Kashmir could impact growth prospects in India and Pakistan, put to Gita Gopinath, the IMF Economic Counsellor and Director of Research Department.
The Financial Action Task Force (FATF) on Friday formally announced that Pakistan will remain on its grey list for the next four months, handing it a final lifeline after acknowledging recent improvements.
The task force directed Islamabad to take more measures for complete elimination of terror financing and money laundering while expressing serious concerns over the lack of progress in addressing terror financing risks.
Cheers“The FATF strongly urges Pakistan to swiftly complete its full action plan by February 2020,” it said in its statement. “Otherwise, should significant and sustainable progress not be made across the full range of its action plan by the next Plenary, the FATF will take action.”
- Chinese economy expanded 6.0% in July-September, compared with 6.2% in the second quarter.
- It marks the worst quarterly figure since 1992.
- Chinese trade has suffered from US tariff hikes.
BEIJING: China's economy grew at the slowest rate in 27 years in the third quarter, official figures showed on Friday, as the country grapples with a protracted trade war with the US and slowing domestic demand.
Gross domestic Product (GDP) figures showed that the Chinese economy expanded 6.0 per cent in July-September, compared with 6.2 per cent in the second quarter.
CheersIt marks the worst quarterly figure since 1992, although still within Beijing's target range of 6.0-6.5 per cent for the whole year
CheersThe Financial Action Task Force (FATF) on Friday formally announced that Pakistan will remain on its grey list for the next four months, handing it a final lifeline after acknowledging recent improvements.
Thakur B Ji :Thakur_B wrote:Noob Pooch , are there any measures that Bakis can implement within next 4 months to keep away blacklisted status?
Gagan wrote:Paqistan can take tons of measures to come out of the FATF blacklist, its easy to do.
But the main question is, is their Fauj willing to do it?
The answer is a big NO
The Paq Fauj will not give up the stranglehold on that country
Until this stranglehold is there, Paqistan will go from bad to worse, until it becomes like Somalia or Rawanda, and then it will break apart and its own army will scoot for cover from the abduls and jihadi groups.
They have too much echendee built into the current situation - suits India perfectly BTW.
Gagan wrote:Paqistan can take tons of measures to come out of the FATF blacklist, its easy to do.
Until this stranglehold is there, Paqistan will go from bad to worse, until it becomes like Somalia or Rawanda, and then it will break apart and its own army will scoot for cover from the abduls and jihadi groups.
gpurewal wrote:Gagan wrote:Paqistan can take tons of measures to come out of the FATF blacklist, its easy to do.
Until this stranglehold is there, Paqistan will go from bad to worse, until it becomes like Somalia or Rawanda, and then it will break apart and its own army will scoot for cover from the abduls and jihadi groups.
I feel feel excitement and dread at the same time from your predictions. Bakistan is a crumbling house, and seeing it collapse would be dream come true. However, what dreads me is the situation regarding their nuclear weapons. India and other like minded nations need to go in and take those weapons/destroy them before they fall into the hands of the Jihadi's. I apologize if I have pushed this thread into a tangent.
When Mr. Khan became prime minister in August 2018, he found he had inherited runaway trade and budget deficits and fast depleting foreign currency reserves. He put the brakes on the economy and then turned reluctantly in May to the International Monetary Fund for a bailout—Pakistan’s 22nd IMF program—which demanded further steps to stifle demand.
Mr. Khan’s government says it has saved Pakistan from the danger of defaulting on foreign debts accrued before it came into power, and that its reforms will break Pakistan out of an endless boom-and-bust cycle.
The plan is to replace unsustainable growth based on borrowing and imports with an economy driven by exports and an expanded tax base that can create jobs and fund a welfare state.
Between the two phases has come a lot of economic pain, however.
Interest rates have been doubled to over 13%—among the highest in Asia—and the rupee has slumped. Inflation has almost tripled from the year before Mr. Khan took office, to 11%, and economic growth has more than halved to 2.4%. Experts question whether there is a viable strategy to get the economy motoring again.
Mr. Khan is trying to accomplish what no Pakistani government, military or civilian, has pulled off: getting people to pay tax. Just 1% of the country’s population of 208 million pays income tax.
Smaller retailers plan to go on strike this month unless talks with authorities lead to a softening of government demands that they begin to pay income tax and sales tax, collect withholding tax and document their suppliers. Businesses said they feared being blackmailed by inspectors if they enter the tax net, despite government assurances it is working to end graft in the notoriously corrupt tax system.
Between January and September this year, food inflation in urban areas shot to 15% from 3%. Car sales were down 39% in the first quarter of the current financial year, which began in July, while motorcycle sales fell 17%.
Former Finance Minister Hafiz Pasha, an economist, estimates that by the end of Mr. Khan’s second year, two million workers will have lost their jobs and up to eight million people will be pushed into poverty.
“You have the makings of an Arab Spring in this country,” said Mr. Pasha, referring to the popular uprisings in Arab nations starting in 2011. “This is a bomb waiting to explode.”
Thakur_B wrote:Noob Pooch , are there any measures that Bakis can implement within next 4 months to keep away blacklisted status?
Anujan wrote:Thakur_B wrote:Noob Pooch , are there any measures that Bakis can implement within next 4 months to keep away blacklisted status?
They can somehow get FATF involved in Afghanistan or Iran and then blackmail FATF that Pakistan won't provide logistics unless FATF removes it from grey list.
They can shelter ISIS chief in pindi and then offer to hunt down ISIS chief in exchange of removing Pakistan from FATF blacklist.
They can threaten they'll take money from China instead if FATF does not give them money.
They can threaten to refuse cooperation next time some Pakistani displays Pakistaniyat on a FATF building unless they get removed from FATF greylist.
They can kill Alqaeda no 2 when FATF chief visits.
Possibilities are endless.
Rsatchi wrote:https://youtu.be/j-n_yNuGLHs
Listen to the two sensible doctors who trying desperately to make the 'unwashed' that they are staring down the barrel.
Interesting bit: Napak's promised IMF that they will be off the 'Grey List' in Oct 2019 but that hasn't happened and they have to go IMF what are they going to do???
g.sarkar wrote:Rsatchi wrote:https://youtu.be/j-n_yNuGLHs
Listen to the two sensible doctors who trying desperately to make the 'unwashed' that they are staring down the barrel.
Interesting bit: Napak's promised IMF that they will be off the 'Grey List' in Oct 2019 but that hasn't happened and they have to go IMF what are they going to do???
Watch this and enjoy:
https://www.youtube.com/watch?v=_n3rj-FMN9E
Gautam
Rsatchi Ji :Rsatchi wrote:https://www.dawn.com/news/1511858/sights-and-sounds-of-an-economic-downturn
Yeh to hona hi tha!!!
yensoy wrote:
1. Turkish company Karkey wins a bigass $1.2 billion in penalty against Pak in the ICJ. Somewhere during the trial they sign a declaration saying that they never bribed any Paki.
2. ISI, using its unrivaled powers of persuasion, shows evidence of Pakis having being bribed by Karkey.
3. Karkey is now in a big soup and may be blacklisted for participating in corruption. It asks ISI to cover up the evidence in return for settling "out of court" for $160 million already received and no further claims.
Wow, ISI just earned a deemed Forex amount of $1 billion for the Paki treasury. No wonder they are loved so much in the country.
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