Terroristan - October 8, 2018

Peregrine · Post by **Peregrine** » 21 Nov 2018 01:00

Cheers

Peregrine · Post by **Peregrine** » 21 Nov 2018 01:12

BCCI may have had wish for bilateral cricket but PCB had the need: ICC Dispute Resolution Panel – PTI

NEW DELHI: The ICC's Dispute Resolution Committee, which dismissed PCB's compensation claim against the BCCI, has stated it was Pakistan that needed bilateral cricket between the two countries while India 'may have had the wish'.

READ ALSO: BCCI to file counter case to recover legal cost from PCB

In its 26-page judgement, the ICC panel explained why it rejected PCB's Rs 447 crore compensation claim against the BCCI for not playing six bilateral series between 2015 and 2023.

READ ALSO: ICC rejects Pakistan's $70m compensation claim against BCCI

"In terms of any Indian tour to Pakistan, it was the PCB which was the suppliant. It was the host country which benefitted from the revenues in respect of such as tour. Bankrupts cannot be choosers, and while the PCB was certainly not bankrupt, at the very least sacrifice of such a tour would, as Mr (Subhan) Ahmad (PCB COO) put it, 'definitely make a dent in our financial reserves'," said the panel.

"The prospect of bilateral tours with India as tourist was, in the PCB's own words, 'the most valuable prize in world cricket' but ex hypothesis for other ICC Members, not the BCCI itself.

"By contrast there was no necessity for the BCCI, the dominant force in world cricket in the modern era, to play away against Pakistan. The BCCI may have had the wish, but it was the PCB which had the need."

The panel also referred to the view of then BCCI GM Ratnakar Shetty on the resumption of Indo-Pak cricketing ties.

"The record shows unequivocally that it was the PCB which, from January 9, 2014, the date of the ICC meeting in Dubai, took the initiative in seeking to agree future matches with the BCCI, not vice versa.

"Although it is common ground that, as Professor Shetty put it, 'India-Pakistan matches are the best possible games that can happen and neither of these two boards would not like to have that'."

The panel took into account the tense relations between the two neighbours.

"In March 2015, there was a major terrorist attack on a police station in Jammu and Kashmir, which led to the deaths of several security personnel. In July 2015, there was another attack in Gurdaspur, Punjab which led to several security personnel and civilians losing their lives.

"In August 2015 there was a further incident in Udhampur in Jammu and Kashmir. Such attacks were said to have been perpetrated by Pakistan-based terrorist organisations. The PCB was well aware of the potential impact of these circumstances upon the proposed tours."

The Dispute Resolution Committee even quoted then PCB Chairman Shaharyar Khan's letter to Pakistan Prime Minister in 2015.

"The PCB Chairman's letter to the Pakistan Prime Minister dated 20 August 2015 stated: 'The Indian government has seemingly withheld its permission for India to play Pakistan stating that the cricket series would be inappropriate in the current atmosphere of tension at the borders, Lakhvi's release, Gurdaspur incidents. Accordingly, there is a possibility that India would not agree to honour its commitment to play its series with Pakistan'."

"His (PCB chief) pessimism was justified," added the panel.

Cheers

Vips · Post by **Vips** » 21 Nov 2018 04:13

nam wrote:
Bart S wrote:BCCI in it's workings is rather like the IAS/IFS babus. Like the proverbial elephant, they have a long memory and are known to hold grudges indefinitely, even against their own (e.g Kapil initially being denied the one-time bonus payout to former Indian cricketers for his involvement with the ICL). The Pakis have burned any remaining bridges that they had with the BCCI (there was still some element in the BCCI that was pushing for cricket ties even when the govts didn't want them), and fully expect the BCCI to slowly but surely absolutely destroy them over time.
Nothing of that sort will happen. BCCI is led by politicians.All it requires is some heart warming tweets from dimmer, and there is stampede in the BCCI to start cricket again.

Dont want to go OT but god forbid if Pappu wins the elections in 2019 then Pakis will surley make a fool out of him just like Zia did with Rajiv Gandhi in the name of Cricket Diplomacy.

Pakistani 'anal' ysts have been talking for some time now on their chat shows that "Bharat Pak ki cricket series ki bahaali sirf agle saal intekhabaat mein congress ke jitne se mumkin ho sakti hain".

abhijitm · Post by **abhijitm** » 21 Nov 2018 10:04

Can someone please explain, how Saudi $ parked in pak state bank which pakistanis cannot use, can be a bailout package?

arun · Post by **arun** » 21 Nov 2018 12:05

Vips wrote:Dont want to go OT but god forbid if Pappu wins the elections in 2019 then Pakis will surley make a fool out of him just like Zia did with Rajiv Gandhi in the name of Cricket Diplomacy.

Pakistani 'anal' ysts have been talking for some time now on their chat shows that "Bharat Pak ki cricket series ki bahaali sirf agle saal intekhabaat mein congress ke jitne se mumkin ho sakti hain".

Irrespective of what the Nehru-Gandhi Dynastic leader of the Congress Party thinks, playing a bilateral match with the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan cannot happen till after 2023. The FTP lodged by the BCCI with the ICC for the period 2019 to 2023 has no berth for such a match.

Peregrine · Post by **Peregrine** » 21 Nov 2018 15:12

Vips wrote:Dont want to go OT but god forbid if Pappu wins the elections in 2019 then Pakis will surley make a fool out of him just like Zia did with Rajiv Gandhi in the name of Cricket Diplomacy.

Pakistani 'anal' ysts have been talking for some time now on their chat shows that "Bharat Pak ki cricket series ki bahaali sirf agle saal intekhabaat mein congress ke jitne se mumkin ho sakti hain".

arun wrote:Irrespective of what the Nehru-Gandhi Dynastic leader of the Congress Party thinks, playing a bilateral match with the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan cannot happen till after 2023. The FTP lodged by the BCCI with the ICC for the period 2019 to 2023 has no berth for such a match.

arun Ji :
You underestimate the Khangress - especially the one who wants Terroristani Ishtiqlal in his Ishtiqbal continuous and continuously as well as uninterrupted and uninterruptedly - hatred (for want of a better word) for India. They will have the BCCI & ICC AMEND THE FTP to enable Terroristan to be able to Cock a Snook at India. This is one of the reasons why India must re-elect Modi Ji and keep the Khangress in the wilderness.

Cheers

Mukesh.Kumar · Post by **Mukesh.Kumar** » 21 Nov 2018 15:58

US Suspends $1.66 Billion In Security Aid To Pakistan

Another punch delivered by Massa when Munna is on the ropes.

WASHINGTON — The US has suspended $1.66 billion in security assistance to Pakistan after President Donald Trump's directive, the Pentagon has said, in what experts believe is a strong signal of American frustration.

The Pentagon's statement came days after President Trump said that Pakistan does not do "a damn thing" for the US, alleging that its government had helped al-Qaeda chief Osama bin Laden hide near its garrison city of Abbottabad.

"$1.66 billion of security assistance to Pakistan is suspended," Col Rob Manning, spokesman of the Department of Defence, told reporters in an e-mail response to questions on Tuesday......

nam · Post by **nam** » 21 Nov 2018 16:18

How many types of aid does US provide to Pak? CSF, Security Assistance, Education aid, Polio aid?

Pentagon yesterday said "Pak is a partner in WOT"... immediately Paks expected A1H to be on their way.

This after they were all gun ho about getting S400 & Su35 from Russia, as soon as they were sold Mi35s..

One optimistic set of people, I should say.

Vips · Post by **Vips** » 21 Nov 2018 18:34

Saudis are going to transfer $1 billion each month to the pakis who are burning through their reserves at the same rate every month. So net net after 3 months Pakis will be in the same position as they were and will have the additional obligation to GUBO to the saudis

Chinese have played hard ball as Immy has tried showing a spine and wanted concessional terms and the chinese if nothing else are pragmatic to know they can squeeze his balls real hard and get what they want

It will be really interesting to see the Paki defence budget for this year. The General will demand an increased share in the budget and also more share in other economic sectors (Real Estate, Railway Logistics etc etc)for installing him as a puppet.

If charsi really antagonizes Trump then he will lean on the Saudis and Emiratis not to give any more aid to pakistan while also making sure the IMF conditionalities for any aid to Pakistan are tough (Through its voting share US has a veto on IMF decisions).

It will come down to US VS China in the end for pakistan and either way it is Phucked.

anupmisra · Post by **anupmisra** » 21 Nov 2018 19:59

With this dimwit, supplicancy has no limit or shame. First, Im the Dim wanted to replicated the pbuh model for his nation of unwashed mixed breeds. Then he prostrated himself in front of Uncle She Gin Peg and wanted to replicate the chini model. And then al sauds. And now this.

Islamabad intends to replicate the Malaysian model, PM Khan tells Mahathir

Khan on Wednesday said that Islamabad wants to learn from the progress and development of Malaysia and its leadership.

PM Khan said that the government wants to replicate the Malaysian model of good governance. Admiring Mahathir Mohammad, he said that the Malaysian leader has totally transformed the country, and raised the per capita income and Gross Development Product (GDP).

we are looking forward for Malaysian cooperation in the tourism sector...adding that Pakistan has a number of tourists spots but no resorts.

He added that the newly formed government in Islamabad has found itself in a situation where it was facing "unprecedented debt".

That's right. Me debt es su debt. So, Mahathir (or, MBS or She Eleven or IMF or _______) ke naam pe dede baba!

By the way, didn't dimmy swear (pre-elections) that he will only travel coach class when flying? What is this?

https://www.dawn.com/news/1446963/islam ... s-mahathir

anupmisra · Post by **anupmisra** » 21 Nov 2018 20:02

nam wrote:One optimistic set of people, I should say.

Hope is all they got to live for.

anupmisra · Post by **anupmisra** » 21 Nov 2018 20:10

abhijitm wrote:Can someone please explain, how Saudi $ parked in pak state bank which pakistanis cannot use, can be a bailout package?

Lender requirements. In pakhanistan's case, IMF requirements.

One of the conditions of international lending to nations in distress is to maintain a minimum %age of the country's debt in the foreign currency reserves. If the reserves begin to deplete, pakis will be forced to buy US$ in the open market which would lead to their currency losing its market value, which will lead to inflation which would lead to slowing of the economy in real terms which will lead to an enhanced possibility that the pakis would be unable to pay off the loans in the borrowed currency. Pakis, of course, do not care.

Remember the deal which the pakis "struck" with Uncle She where all trade and transactions (read, loans) will be in Yuan? Chinis are too clever and a half. Pakis will be forced to buy and keep Yuan in their reserves if all loans are in Yuan.

Fun times ahead.

anupmisra · Post by **anupmisra** » 21 Nov 2018 20:17

Lined up, from the tallest to the shortest. The art of begging.

anupmisra · Post by **anupmisra** » 21 Nov 2018 20:39

Dimmy should learn not to over do the kissing up part.

We want to learn from your experiences, PM Imran tells Malaysia's Mahathir Mohamad

Prime Minister Imran Khan on Wednesday said he wants to learn from Malaysian leader Mahathir Mohammad's experiences to steer his country out of crisis and transform and develop its economy as he landed in Malaysia on a two-day official visit.

He said one of the main reasons behind his visit to Malaysia was "0ut of admiration of Mahathir Mohammad. "

"We look upon you as a statesman, someone who transformed his country, we have followed Malaysia's progress, especially Mr Prime Minister when you came to office. We and my party want to learn from your experience,how you transformed an economy, developed it, raised the per capita income and raised the GDP.

Admiration "of" Mahathir Mohammad. eh?

MAHATHIR, THE MALAYSIAN DICTATOR WHO BECAME A GIANT KILLER

After two decades as Malaysia’s prime minister, during which time he sacked dissenting judges, censored inconvenient journalists, and dismissed various human rights issues, Malaysia’s longest-serving prime minister is back for a second crack at the job.

https://www.scmp.com/week-asia/politics ... ant-killer
https://www.thenews.com.pk/latest/396762-pm-khan

Vips · Post by **Vips** » 21 Nov 2018 21:07

Being dictatorial and all conquering is in the DNA of all Malsic people, however educated they may be or enlightened they may look.

Charsi would definitely try to export jihadis (unemployed abduls) and ask for employment opportunities for Pakis in Malaysia.

anupmisra · Post by **anupmisra** » 21 Nov 2018 21:31

Vips wrote:Being dictatorial and all conquering is in the DNA of all Malsic people, however educated they may be or enlightened they may look.

Charsi would definitely try to export jihadis (unemployed abduls) and ask for employment opportunities for Pakis in Malaysia.

Ask and you shall (partly) receive. AoA!

Pakistan, Malaysia sign MoU to partially abolish visa requirements

Pakistan and Malaysia on Wednesday signed a Memorandum of Understanding (MoU) on Partial Abolition on Visa Requirement. which aims to reinforce the positive momentum in the bilateral relationship by broadening contact at the officials’ level between the two countries.

Not sure what the MoU states but it should be an interesting read.

https://www.thenews.com.pk/latest/39678 ... quirements

Vips · Post by **Vips** » 21 Nov 2018 23:13

I hope Malaysia gives visa on arrival to Pakis. They are sure to misuse it and spread pakistaniyat there. Sri Lanka and Turkey had to withdraw similar facility in haste

mappunni · Post by **mappunni** » 21 Nov 2018 23:24

Vips wrote:I hope Malaysia gives visa on arrival to Pakis. They are sure to misuse it and spread pakistaniyat there. Sri Lanka and Turkey had to withdraw similar facility in haste

Malaysia has race based reservation Bhumiputera policy (which Tamil Muslims misuse claiming umma biratherhood) Pakistanis will be quick to interbreed to gain residency.

RCase · Post by **RCase** » 22 Nov 2018 00:16

anupmisra wrote:
Pakistan, Malaysia sign MoU to partially abolish visa requirements

Pakistan and Malaysia on Wednesday signed a Memorandum of Understanding (MoU) on Partial Abolition on Visa Requirement. which aims to reinforce the positive momentum in the bilateral relationship by broadening contact at the officials’ level between the two countries.

Does PARTIAL ABOLITION mean that only one country (the only country created in the name of Islam) will waive visa requirements, but will be status quo of visa requirements of the other?

Peregrine · Post by **Peregrine** » 22 Nov 2018 00:31

X Posted on the J&K News and Discussion Thread

Will raise ante if Pakistan’s support to terror continues : Army chief

NEW DELHI: Army chief General Bipin Rawat on Wednesday did not rule out the possibility of another surgical strike-like action on terror launch pads across the border, saying thatPakistan's continued support to cross-border terrorism could force India to "raise the ante".

In an exclusive interview to Times Now, the Army chief said the surgical strikes in 2016 were carried out to send a strong mesage to the Pakistani establishment.

"We wanted to say that if you carry out such acts, we will not hestitate to cross the border and destroy terror camps. But if the messaging did not have the desired effect, then it's time to raise the ante," General Rawat said.

On incidents of ceasefire violations along the LoC, General Rawat said that Pakistani army engages in border firing to facilitate the infiltration of terrorists.

"Pakistan supports infiltration through ceasefire violations. This gives an opportunity for terrorists to get through (to India). They are used as means of diverting attention of the Indian forces," Rawat said.

General Rawat also reiterated his earlier remarks that stone-pelters are overground workers of terrorists and added that those who try to disrupt counter-terror operations are also part of the organization that perpetrates violence against the people of J&K.

"The Army goes after the terrorists to ensure that they do not perpetrate violence against the people of Kashmir. Those disrupting these counter-terror operations are part of the organization which carries out acts of terror," General Rawat said.

Calling stone-pelting a stepping stone to terrorism, the Army chief said that terrorists target gullible youth in the Valley, who eventually join their ranks.

“Stone pelters" are gullible youth ... all of them are between the ages of 15-17 eventually they graduate to become terrorists when they turn 25-26. It (stone pelting) is a stepping stone to terrorism," he said.

General Rawat, however, asserted that the Army is now able to deal with stone pelters in a better manner.

Speaking about charges of fake encounters against military personnel, General Rawat hinted that there could be an agenda behind most of these cases.

"... I think grievances of anybody killed in an encounter must come from the near and dear ones. In most of the cases, we find allegations coming from the third party," the Army Chief said, adding that most of these cases are fake.

He said that the Army has taken strong action whenever officers have gone wrong.

In Video: If Pakistan's support to terror continues, will raise the ante: Army chief

Cheers

Peregrine · Post by **Peregrine** » 22 Nov 2018 00:44

Compensation case: PCB likely to bear more financial losses - Saleem Khaliq

Board is suffering due to former Chairman Najam Sethi’s ego

Pakistan Cricket Board is expected to bear more financial losses in the compensation case against Board of Control for Cricket in India (BCCI).

According to Daily Express, following the verdict of compensation case in favour of BCCI, the cricket regulatory authority in India has given an ultimatum to file a case for the recovery of expenses.

According to the report, the PCB is expected to lose more money in expenses recovery case.

In this case, both parties present the details of their expenses during the case and the losing party has to bear all the expenses — and PCB is expected to face the same fate.

For the compensation case, former PCB Chairman Najam Sethi approved a budget of one million pounds. During the case the board took services of legal advisors from, both, the Great Britain and Pakistan. Sethi also toured England several times and spent over Rs.80 million.

Sources told that Sethi was the one who favored ‘the big three’ and signed a weak agreement with BCCI for the bilateral series.

To prove himself right, former chairman filed a compensation case against BCCI although at that time some officials believed that it was off no use.

Cheers

SSridhar · Post by **SSridhar** » 22 Nov 2018 07:31

anupmisra wrote: . . . We want to learn from your experiences, PM Imran tells Malaysia's Mahathir Mohamad. . .

What?

Admiration of secular Kemal Ataturk is passe in Pakistan? Is it now islamist Mahatir?

venug · Post by **venug** » 22 Nov 2018 09:12

Didnt he go to China and say the same thing that he wants to learn from them? Seems like he wants someone to hold his hand and lead TSP to Dubai heights; kind of begging administration lessons.
Secondly Mahathir scrapped useless costly projects and resisted chinese pressure, that is a billions of $ lesson right there, what more lessons does this spineless idiot want? And can he even emulate?

arun · Post by **arun** » 22 Nov 2018 13:04

Surely an Evil YYY Saazish of the Yankees, Yehudis and Yindoos to malign the Honour and Dignity of Mohammaddenism and the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan.

Big hearted Momin Mohammadden infant from the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan forcibly made into Small Hearted Hindu in India

:

Pakistani infant with big heart treated at Sir Ganga Ram

Aditya_V · Post by **Aditya_V** » 22 Nov 2018 13:27

There is a saying charity begins at home, why do these hospitals who harass Indians fall over themselves helping Pakis. Could they not treat a poor deserving Indian first.

arun · Post by **arun** » 22 Nov 2018 13:49

X Posted from the ISI History and Discussions thread to the Pakistani Role In Global Terrorism and Terroristan threads.

Amritsar attack: Accused reveals how Pakistan's ISI provided instructions, grenade to carry out blast

One of the bike-born assailant in the Amritsar attack, in custody of Punjab Police, has revealed how he and his partner carried out the blast on the instructions by Pakistan's ISI-backed Khalistani forces. :

India Today

Bart S · Post by **Bart S** » 22 Nov 2018 16:11

venug wrote:Didnt he go to China and say the same thing that he wants to learn from them? Seems like he wants someone to hold his hand and lead TSP to Dubai heights; kind of begging administration lessons.
Secondly Mahathir scrapped useless costly projects and resisted chinese pressure, that is a billions of $ lesson right there, what more lessons does this spineless idiot want? And can he even emulate?

Even funnier, he wants to follow China (who aggressively wants BRI/CPEC) and also Malaysia who kicked out BRI/CPEC/China recently.

Also, there was nary a peep after the UAE trip, so it looks like the UAE folks (while giving him token protocol) politely and firmly explained to the him what Pakis true 'aukaat' was.

mappunni wrote:
Vips wrote:I hope Malaysia gives visa on arrival to Pakis. They are sure to misuse it and spread pakistaniyat there. Sri Lanka and Turkey had to withdraw similar facility in haste
Malaysia has race based reservation Bhumiputera policy (which Tamil Muslims misuse claiming umma biratherhood) Pakistanis will be quick to interbreed to gain residency.

If the Malaysians give them visa-free entry, it wont be long before the Pakis (with their perennial sense of entitlement) demand that they be considered as Bhumiputras too, citing ummah and Islam etc.

Peregrine · Post by **Peregrine** » 22 Nov 2018 18:49

S&P BSE SENSEX

Index Current : 34,981.02 - Pt. Change : -218.78 % - Change : -0.62

Market Capitalization of BSE Listed Co. (Rs.Cr.) : 1,40,71,994 - 1$ /: 71.1787

Market Capitalization of BSE Listed Co. (US $ ) : 1,977.00 Billion

P S E

Index Current : 40874.0 - Pt. Change : -545.21 - % Change : -1.32%

Market Capitalization of BSE Listed Co. (T Rs) 8,106,068,589,618 - 1$ /: 134.50

Market Capitalization of BSE Listed Co. (US$) : 60.27 Billion

B S E : P S E : : 32.80 : 1

Cheers

Rohit_K · Post by **Rohit_K** » 22 Nov 2018 18:50

Peregrine wrote:Will raise ante if Pakistan’s support to terror continues : Army chief

Rohit_K · Post by **Rohit_K** » 22 Nov 2018 18:55

Nov 21 - 2 killed in roadside IED blast in Bajaur
https://www.dawn.com/news/1446989/2-kil ... -in-bajaur

At least two people were killed when a roadside bomb exploded near a vehicle in Bajaur tribal district of Khyber Pakhtunkhwa on Wednesday evening, a district official said.

An improvised explosive device (IED) planted along the road by unidentified miscreants went off as the vehicle passed through the Charmang area of Bajaur's Nawagai tehsil, an official in the district's political administration told DawnNewsTV. Two people riding the vehicle, identified as Amanullah and Gul Badin, died as a result of the explosion. Their vehicle was also totalled by the impact.

Nov 22 - Bomb attack on hideout of Haqqani militants kills three in Pakistan
https://www.reuters.com/article/us-paki ... SKCN1NR19D

ISLAMABAD (Reuters) - A bomb targeting Haqqani network militants in their hideout in Pakistan’s tribal areas bordering Afghanistan killed three people on Thursday, including two militants, a security official and a militant source said.

No group claimed responsibility for the blast.

Nov 22 - Three children killed playing with mortar shell in Swat valley
https://www.timesnownews.com/internatio ... ley/318711

Islamabad: Three children were killed after a mortar shell they mistook for a toy exploded in a field in Pakistan's northwestern Swat valley, police said Thursday. "The shell exploded when the children were playing with it and some started hitting it with stones," Sayed Wali Khan, a local police official in Swat, told AFP.

Khan said one child was immediately killed in the explosion -- which occurred in Nela Gram village on Wednesday -- while two others died in a local hospital. The dead included two brothers and their cousin, aged between four and nine years old. Three others sustained injuries and were receiving medical treatment.

anupmisra · Post by **anupmisra** » 22 Nov 2018 19:14

SSridhar wrote:
anupmisra wrote: . . . We want to learn from your experiences, PM Imran tells Malaysia's Mahathir Mohamad. . .
What? Admiration of secular Kemal Ataturk is passe in Pakistan? Is it now islamist Mahatir?

When in Rome....Im the Dim's an opportunist with a simple pakjabi mind. He will repeat the same mantra when he visits Erdogan (with Erdogan's wife holding his hand).

anupmisra · Post by **anupmisra** » 22 Nov 2018 19:17

Rohit_K wrote:
Peregrine wrote:Will raise ante if Pakistan’s support to terror continues : Army chief

Reminds me of this.

Peregrine · Post by **Peregrine** » 22 Nov 2018 23:55

Foreign exchange: SBP reserves dip 2.62%, stand at $7.3b - Our Correspondent

KARACHI: Foreign exchange reserves held by the central bank continued to spiral downwards for the 13th successive week as they fell 2.62% on a weekly basis, according to data released on Thursday.

The continued drop in the reserves is alarming as it raises concern about Pakistan’s ability to meet its financing requirements because the reserves have fallen below the $7.5-billion mark.

Although the Saudi government has released $1 billion under the promised $3-billion financial assistance, the impact is yet to be seen.

On November 16, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7,286.5 million, down $196.4 million compared with $7,482.9 million in the previous week.

Domestic Markets & Monetary Management Department

WEEK-END LEVELS1/ - LIQUID FOREIGN EXCHANGE RESERVES - (BILLION US$)

PAKISTAN'S FUDGED POSITION : SBP : 07.4829 - COMM BANKS : 06.3491 - TOTAL : 13.8320

PAKISTAN’S ACTUAL POSITION : SBP : 01.6829 - COMM BANKS : 06.3491 - TOTAL : 08.0320

Cheers

Peregrine · Post by **Peregrine** » 23 Nov 2018 01:21

Market watch: KSE-100 drops 545 points as talks with IMF fail - Our Correspondent

KARACHI: The stock market witnessed another round of bearish trading on Thursday as news of failed talks with the International Monetary Fund (IMF) pushed the benchmark index down.

The KSE-100 index plunged from the moment trading began, dropping 622 points, and hit an intra-day low of 40,795.96 points. Investors were disillusioned by the government’s failure to negotiate a successful deal for a bailout package.

Additionally, the lack of positive triggers also dented sentiments, dragging the index below the 41,000 mark.

A United Bank Limited (UBL)’s notice to the stock exchange which said the bank was voluntarily liquidating its New York branch did not help matters. Selling pressure was evident in the stock along with other banking and exploration and production (E&P) stocks.

At the end of trading, the benchmark KSE 100-share Index recorded a decrease of 545.21 points or 1.32% to settle at 40,874.03.

Market watch: Stocks remain choppy due to Pakistan-IMF differences

Elixir Securities’ analyst Murtaza Jafar said, “In line with our initial view, the KSE-100 index traded under pressure and closed below 41,000 as investors reacted to the deadlock in negotiations between the government and an IMF delegation.”

Selling pressure was particularly high in the E&P stocks on the back of a decline in global crude oil prices. Pakistan Oilfields Limited (-4.57%), Pakistan Petroleum Limited (-3.65%) and Oil and Gas Development Company (-3.41%) collectively contributed 209 points to the decline of the index.

UBL (-2.35%) announced that it was voluntarily liquidating and surrendering its banking licence in line with New York banking laws after carefully reviewing the viability of its branch operations subject to all regulatory approvals.

On the other hand, aggressive buying activity was witnessed in stocks of construction and material companies as international coal futures tumbled below $90 per ton. Cherat Cement Company (+2.61%) and Lucky Cement (+0.46%) managed to shine amongst the peers.

Market watch: Profit-taking drags index lower amid thin volumes

“We expect the market to consolidate around 40,500 points; we prefer UBL, The Bank of Punjab and Lucky Cement at current levels,” he added.

Overall, trading volumes decreased to 160.2 million shares compared with Tuesday’s tally of 167.3 million. The value of shares traded during the day was Rs8.1 billion.

Shares of 362 companies were traded. At the end of the day, 78 stocks closed higher, 268 declined and 16 remained unchanged.

Lotte Chemical was the volume leader with 17.14 million shares, losing Rs0.42 to close at Rs19.27. It was followed by Engro Polymer with 10.97 million shares, gaining Rs0.07 to close at Rs40.41 and Pak Elektron with 9.96 million shares, losing Rs0.38 to close at Rs32.90.

Foreign institutional investors were net sellers of Rs270.95 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan.

Cheers

RCase · Post by **RCase** » 23 Nov 2018 05:22

Bart S wrote: If the Malaysians give them visa-free entry, it wont be long before the Pakis (with their perennial sense of entitlement) demand that they be considered as Bhumiputras too, citing ummah and Islam etc.

Pakis already claim Bhumiputra status! They are the Ashrafs and Zamindars of the Mughals.

anupmisra · Post by **anupmisra** » 23 Nov 2018 09:53

Emirates refuses to use air bridges in Pakistan, Senate committee told

A parliamentary committee was told that Emirates airline has refused to use passenger boarding bridges at airports in Pakistan after an air bridge collapsed at the new Islamabad International airport last month.

Emirates had announced its decision, citing safety standards as the reason.

We are looking into several possible reasons such as design faults, human error, maintenance problems as well as communication errors. It can be all four.

similar faults had been detected with air bridges at Karachi airport and Bacha Khan International Airport in Peshawar

the fault seemed to be in the design of the bridge — apparently, a loose pin

Today Emirates has declined to use the air bridges, tomorrow other airlines may follow. The PIA can lose a lot of revenue

The committee also discussed newspaper reports highlighting the involvement of PIA officers in smuggling and money laundering.

https://www.dawn.com/news/1447116/emira ... ittee-told

kancha · Post by **kancha** » 23 Nov 2018 10:50

Breaking!!
Gunfight between police and some gunmen outside the Chinese consulate in Karachi. 2 policemen killed thus far

abhijitm · Post by **abhijitm** » 23 Nov 2018 11:06

chinese emb-ass-y on fire

Paul · Post by **Paul** » 23 Nov 2018 11:38

Brahma Chellaney Retweeted

Bill Hayton

@bill_hayton
12m12 minutes ago
More Bill Hayton Retweeted BLA Official
Baloch Liberation Army claim responsibility for attack on Chinese consulate in Karachi

shravan · Post by **shravan** » 23 Nov 2018 11:52

6 killed and scores injured (officials say they counted 20 so far) as a powerful bomb blast rips through the Kalaya Bazar in Orakzai Tribal District, security sources on the ground say. More casualties feared. #KP