Axact University is a Joint Deep State Plus Dawood Ebrahim Enterprise. So, it makes sense that Sheikh should not be in jail !ISLAMABAD – The Islamabad High Court (IHC) on Tuesday suspended jail term of Axact’s chief Executive Officer (CEO) Shoaib Sheikh in a fake degrees case.Sheikh was granted bail by IHC against surety bonds worth Rs500,000.Earlier in July, an Islamabad sessions court had convicted Sheikh and 22 others in the fake degree scam case and awarded 20 years imprisonment under different charges with a fine of Rs1.3 million on each of the convicts.
BUT for the last three trading days this past week, shares at the Pakistan stock market have been sinking by the day. In three weeks, the KSE-100 Index has bled by 3,500 points, losing nine per cent market value of stocks, presenting the worst three-week performance in over 40 months.
BUT for the last three trading days this past week, shares at the Pakistan stock market have been sinking by the day. In three weeks, the KSE-100 Index has bled by 3,500 points, losing nine per cent market value of stocks, presenting the worst three-week performance in over 40 months.
Since their peak in May 2017, stock prices have melted by over 30pc. Market players and analysts can pin the blame on a host of factors, but the main drivers are foreign selling and a thick blanket of ‘uncertainty’ on the political and economic front.
IMO, Pakis cannot avoid going to the IMF !The economy is still in deep trouble with a deteriorating balance of payment positions and the national kitty going dry. Prime Minister Imran Khan and his economic team sit, pondering on whether to go or not to go to the International Monetary Fund (IMF) for a costly bailout package.
Apart from exogenous factors, what have the regulators, market players and companies done to calm the market and create confidence in investors’ minds? The simple answer is — nothing.
Consider first the regulators. The apex regulator, Securities and Exchange Commission of Pakistan (SECP) is in disarray. Earlier this month, the prime minister approved the removal of Shaukat Hussain as chairman SECP on representation of the Ministry of Finance, that he was illegally given three promotions in a period of four months. Mr Hussain tendered his resignation last Thursday.
Second, the law stipulates five commissioners at the SECP: currently three seats are unoccupied with just two — Tahir Mahmood and Shauzab Ali — in place. Under such confusion, the apex regulator needs first to regulate itself.
At the offices of the front line regulator—the Pakistan Stock Exchange (PSX) — there is scarcely a concern shown. The Chinese majority shareholders and their appointed Managing Director and Deputy Managing Director — both foreigners — speak little, if at all on market conditions and efforts to put a floor under the fall.
Stock brokers are gunning for the State Life Insurance Company Limited (SLIC) to come to the rescue and bailout the market. “SLIC has a huge surplus of funds and, unlike mutual funds, has no fear of unit holders’ run for redemption,” said one market player.A senior official of SLIC who asked not to be named said that he was aware that a long time back such a market bail out was undertaken by the Pakistan Industrial Credit and Investment Corporation (PICIC) and the National Investment Trust (NIT). “But SLIC cannot afford to squander its money in an unprofitable and risky job of buying stocks to bail out the market — it just isn’t our job,” he concluded.
Some market players suggest what sounds like a workable solution: cash-rich corporations ought to be coerced or offered incentives to exercise their right to buy-out ‘treasury shares’.The Companies Ordinance contains a provision that seeks to allow listed companies to purchase their own shares and hold them as ‘treasury stock’.Under the ‘treasury shares’ provision, a listed company may buy its shares from the market and retain them in its treasury “if it believes that the shares were being traded in the market below their par value”.Treasury shares do not have the right to cash dividends. The concept of treasury shares is not home grown but exists in various international jurisdictions such as Malaysia, Singapore, the US and the UK.
At the height of the bull run it would have been too expensive for corporations to repurchase their high-priced shares. But after a year and half of hammering, even blue chips are available at hugely discounted prices.“If the company was to buy its own shares, it would be for its own good as doing so could be an effective tool to improve the company’s earnings-per-share,” said a fund manager, adding that the move would support the price of company’s share and stabilise the entire market.
Since shares held in the treasury of a company are not entitled to the right to vote and dividends, it was believed that big corporations with heaps of spare cash will line up for ‘treasury stock’. But that was not to be. In all the years since the rule was first drafted only two companies of little consequence have come forward to exercise the option.
Paki fundamentals are all wrong . Therefore Stock Market "performance" cannot be juggled !A market pundit added that for many other cash rich companies, there was also the question of cost of funding. “If companies earn more by parking their surplus cash in other profitable avenues where they can save more by not paying dividends on repurchased shares, why then must they get into the hassle of buy-backs,” he queried.
MIRANSHAH: Four workers of an oil and gas exploration company were shot dead after being abducted from the Speen Wam area of North Waziristan on Tuesday.
CheersThe workers – including a foreman, a driver, an FC security guard and a labourer – belonged to Maripur Oil and Gas Exploration Company.
Falijee Ji :
From Tolo News here:“I want to say that this conspiracy was plotted in Pakistan. So Pakistan should give us the criminals so that we can bring them to justice,”
I'm the Dim should fire his advisors for arranging this meeting with MBS. While the rest of the world is avoiding any contact with the murderer, here's dimwit in a meeting with MBS.Falijee wrote:
Beggars can not be choosers.anupmisra wrote:I'm the Dim should fire his advisors for arranging this meeting with MBS. While the rest of the world is avoiding any contact with the murderer, here's dimwit in a meeting with MBS.Falijee wrote:
From US State Department Website here:Remarks
Michael R. Pompeo
Secretary of State
Press Briefing Room
Washington, DC
October 23, 2018 ..........................
MS NAUERT: Let’s go to Nazira. Nazira’s from Afghanistan.
QUESTION: Thank you very much, Heather. Mr. Secretary, thank you very much to talk about Afghanistan election. It was really unique. Thanks. We are very happy for that, but unfortunately, Pakistan still do something wrong. As you know, incident that General Raziq has been killed. Some reports said Pakistan was behind of that action. Do you think that if Pakistan doesn’t change their policy, what will be the next action of United States to Pakistan to change their policy toward Afghanistan?
SECRETARY POMPEO: So I had a chance to travel and meet the new leader of Pakistan not too many weeks ago now. We had made clear that the U.S. policy with respect to South Central Asia has not changed, that our expectation is that Pakistan will not provide safe harbor to terrorists on their western border – we couldn’t have made that message any more clear – and that Pakistan will be held to account if they don’t achieve that, if they’re not sincere in that effort.
We don’t believe we can get to the place that everyone wants, right. Everyone wants a reconciliation in Afghanistan, and to achieve that, you can’t have a safe harbor for Taliban, for Haqqani, and for others inside of Pakistan. The Pakistani government knows that that’s our view and this administration has already made significant efforts to hold them accountable, and we hope that they’ll achieve the goal that we’ve set out for them.
- https://www.passportindex.org/byWelcomingRank.php
akistan plans to invest about $200 million to build a second grain terminal as the nation’s only dedicated facility struggles to meet demand for shipping oil seeds, cereals and fertilizer.
The state-run Pakistan National Shipping Corp. will build the terminal in Karachi, Rashid Siddiqi, an executive director at the company, said in an interview at the company’s port-side headquarters. PNSC also plans to build oil storage facilities at local ports, he said. Siddiqi said the grain terminal project has been presented to port and federal government ministries for approval. (Why not add to CPEC List
The facility will help the company boost profit and sales, which dropped to the lowest in six years, as well as take pressure off the existing grain terminal at Port Qasim, where ships have to wait for up to three weeks to discharge cargo. PNSC, which has nine ships operating on global routes, has been hit by a slowdown in the international liquid cargo market and a government ban on furnace oil imports, which was lifted earlier this year.
“This terminal once established will divide the shipping traffic load at Port Qasim,” said Siddiqi. Investors in the venture will include PNSC, Karachi Port Trust and a private company, Siddiqi said, declining to name the third partner. The project is expected to be completed in a year, he said.
PS: Why not use the spanking brand new, "gamechanger Gwadar Port" for handling the "extra load" ( unless it is being exclusively reserved for a Chini Submarine Cum Naval BaseThe proposed terminal at Karachi’s main city port is expected to have a cargo handling capacity of as much as 1,600 metric tons per hour.PNSC also plans to build an oil storage facility in Karachi for the country’s increasing demand for motor gasoline imports. Once the storage tank is built, the pace of ship handling at the clogged port will more than triple to as much as 7,000 tons per hour, said Siddiqi.“Vessels waiting for six to seven days at port are facing losses on account of ship demurrages, something which ultimately passes on to the consumers,” Siddiqi said.
) ) From "Emerging" ( Some semblance of "law and order" ) PS: Good News Being That The News Was Delivered To Bloomberg In NYC- via Skype - By A RAA Agent ( Abhishek) Based In SingaporePakistan may be on the verge of losing its hard-won emerging market status little more than a year since joining the likes of China and Brazil. Shares have plunged 22% in the Karachi since MSCI added the bourse to its EM index. That's compared to 5% drops for the benchmark in that time and that has analysts mulling the possibility of a knock-back up to Frontier status. Bloomberg's Abhishek Vishnoi reports on "Bloomberg Markets: Asia." (Source: Bloomberg)
Another RAW conspiracy against Pakistan ! The bakis are also pissed off because of the seating protocol. Dimmy was not sitting with Mbs. In one image, Mbs preferred a khatoon over dimwit. So, just like the glorious days of the mughuls, beggars are made to sit at the back.Falijee wrote:Pakis Getting Irked That "Immy" Is Not Accorded "Proper Respect" - For A PM Of The First Islami Atomi Takat
Biased journalism by Khaleej Times of UAE
The Caption Accompanying The Photu is what is bugging their Echendee. No full title etc etc
https://www.thenews.com.pk/print/384652 ... china-expoPrime Minister of Pakistan Imran Khan and his team will be accompanied by a delegation of 40 top exporters to attend the 1st China International Import Expo (CIIE), scheduled at National Exhibition and Convention Centre, Shanghai from November 5-10, 2018.
Pakistan Tehreek-e-Insaf (PTI) has promised to create 10 million jobs in its tenure, but the current economic situation is so bleak that job creation, in this government’s first year, looks sloppy, while manufacturers are at loss on how to retain their skilled workforce.
Currently, country’s employment outlook looks alarming.
The manufacturers have been caught off guard by sudden decline in rupee value and an extraordinary increase in gas tariffs.
most of the consumers lack the capability to buy any product made from imported inputs
Industry fears that they will have to cut down production.
The car production has already started declining.
The interest rates are likely to go further up as the inflation is steadily going up.
There was no need for the prime minister to say that we would not go to International Monetary Fund (IMF). Having said that he went to China and Saudi Arabia and returned with high hopes. Both the nations knew his desperation and delayed expected packages.
All this shows desperation, which is consuming most of the time of the economic managers.
Booming construction business was a cushion against unemployment during previous government’s tenure, but this business is also slowing down evident from declining cement and steel demand. This sector absorbs most of the unskilled workforce that Pakistan has plenty.
https://www.thenews.com.pk/print/384659 ... s-in-a-jamThe textile sector has pruned its workforce in the last five years
And Another "Pro Arbi" bias detected . The Arabs, including MBS - see the photus - have been provided with the latest binoculars ( most probably flown in by private jet from Germany !) . The IMF "khatoon", and The Jap Guy plus The Kaptaan have to make do without oneanupmisra wrote:Falijee wrote:Pakis Getting Irked That "Immy" Is Not Accorded "Proper Respect" - For A PM Of The First Islami Atomi Takat
Biased journalism by Khaleej Times of UAE
The bakis are also pissed off because of the seating protocol. Dimmy was not sitting with Mbs. In one image, Mbs preferred a khatoon over dimwit. So, just like the glorious days of the mughuls, beggars are made to sit at the back.
LAHORE – Prime Minister Imran Khan is taking the nation into confidence about his recent visit to Saudi Arabia and other issues related to the country’s deteriorating economy in a live address
Pakis have defaulted many many times previously. Immy is just taking credit for "some spare change" that the "arrogant Saudis" have thrown in the way of the Miskeen "Indian" BroStarting his speech with a ‘good news’ following his visit to Saudi Arabia, Khan said: “We were trying for many days to get rid of this burden placed on us of the debt. We had to pay back our debts otherwise we would have been faced with default.”
Not sure how much "Yes Sir, No Sir" he must have had to do the get the Saudis to "understand" the desperate situation of the Paki Treasury. !“We got an amazing package from Saudi Arabia which has taken off the burden.”
Saudi Moolahs is "short term relief" . IMF application, which is a long term fix, cannot be avoided at least IMO !Khan said we had limited resources and were at the brink of becoming defaulters. We had two options; either go to IMF or seek help from friendly countries.
The Dream Of The Islamic Farewell State still lives on“If we had gone to IMF directly, we’d have had to borrow more money and that would have meant stricter conditions which would crush our poor strata of society. But now we are in a better position.”The premier said PTI government’s highest priority has been to protect the salaried class from economic pressures as much as we can.
The Cheenis and the Emiratis are also on the "beggary list"“We are in talks with two more friendly nations and hopeful of more good news.”
Bad mouthing the opposition will not help the Kaptaan. Should he not have pointed some fingers at the voracious appetite that the Paki Fauj has for "military toys" just to do an = = with Dushman India.” In 1971, Pakistan was in debt of only Rs 30 billion, that amounted to Rs 6000 billion up to 2008 that hiked to Rs 30,000 billion by two parties– PMLN and PPP.”
This kind of language is not going to help unite the nation in this dangerous economic times !Apart from all this, I want to ask the two parties who have been ruling Pakistan for past 10 years that do they have any shame when they unite against us and term us as failures?Both the parties who have been ruling Pakistan have accumulated Pakistan’s debts from Rs 6,000 billion to Rs 30,000 billion. In addition to that, the previous government has left Rs 1200 billion as circular debt.
Ghani is not wrong in blaming Pakistan. Wherever there is smoke, there is fire. Where there is Taliban Terrorism, Pakistan is not far behind . Details will emerge weeks and months later , as to how this was planned by the Quetta Shura - and executed in Kandahar by either ISI agents or their proxies . By that time, this will be forgottenISLAMABAD – Pakistan rejected Kabul’s “baseless” and “unfounded allegations” regarding a recent attack in Kandahar on Wednesday.Three of the most important influential figures in southern Afghanistan were shot dead just days before parliamentary elections when their own guards opened fire on them.Afghan President Ashraf Ghani had alleged that the attack on slain Kandahar police commander Gen Abdul Raziq was planned in Pakistan, Tolo News reported.
) KARACHI: Four Pakistanis have been included in the list of the top 50 most influential Muslims in the World in 2019.
Not sure if a Victims' List has yet been prepared by the MeTooMovement of prominent world personalities "accused of sexual harassment ". Immy is sure to grab one of the "prominent spots" on that list as well .PM Imran has bagged the 29th prestigious spot in the coveted list.
The list, ‘World's 500 Most Influential Muslims’ is prepared annually by the Jordan-based Royal Islamic Strategic Studies Centre.
Turkish President Recep Tayyip Erdoğan is ranked first place on the list, while Saudi King Salman bin Abdul-Aziz Al-Saud was ranked second in being the most influential Muslim, while Jordanian King Abdullah II Ibn Al-Hussein was ranked third.
The List is prepared by Jordon based Royal Islamic Strategic Studies Centre, and that is why The King Of Jordon is Third on that List ! Talk about objectivity and unbiasedness
Accidentally or not accidentally, two are Mullahs of the Preaching kind !The book has been published annually by The Royal Islamic Strategic Studies Centre in Jordan's capital Amman since 2009, and its 10th edition for the year 2019 was published this month.Along with Imran Khan, there are three more Pakistanis on the influential list. Justice Sheikh Muhammad Taqi Usmani (6); Haji Muhammad Abdul-Wahhab, Amir of Tablighi Jamaat (14); and Maulana Tariq Jameel, Scholar and Preacher (40).
Temporary onlee. Until the next loan payment to international creditors become due . Or a BIG " Electronic Direct Debit " goes through for a Chini State Company who supplied the Paki Govt , Chini - maal under CPEC .Islamabad: Prime Minister Imran Khan has said that the time is not far when Pakistan would be offering loans to the other countries instead of borrowing.Prime Minister Imran Khan was addressing the nation a day after returning to Pakistan from Saudi Arabia.At the start of the address, PM Imran Khan said, "I have as good news for you that we have got a bit relief as got package from Saudi Arabia that would help us to have a sigh of relief "
Pakis have been "defaulters" many times in the past as well. The Kaptaan is doing dramabaazi again to demonize the previous Ganja Goberment !Khan said we had limited resources and were at the brink of becoming defaulters. We had two options; either go to IMF or seek help from friendly countries.
Mark my words !. IMF loan application is in the works as well"If we had gone to IMF directly, we’d have had to borrow more money and that would have meant stricter conditions which would crush our poor strata of society. But now we are in a better position."The Premier said PTI government’s highest priority has been to protect the salaried class from economic pressures as much as we can.
Beggary request has been put to the Cheenis and The Emiratis as well !"We are in talks with two more friendly nations and hopeful of more good news."
File under dramabaazi ( or demagoguery ) Part IIThe two parties that have been ruling Pakistan have not even spared welfare fund of workers. People in Steel Mills have been robbed of their welfare funds even. Apart from all this, I want to ask the two parties who have been ruling Pakistan for past 10 years that do they have any shame when they unite against us and term us as failures? Both the parties who have been ruling Pakistan have accumulated Pakistan’s debts from Rs. 6,000 bn to Rs. 30,000 bn. In addition to that, previous government has left Rs. 1,200 bn as circular debt. "Pakistan is facing the worst volume of Money Laundering, they think that might pressurize us like they did in Musharaf era, I would never do this as this would burden the public even more "
The Art and Science of rhetoric being implemented by the Kaptaan !"They are trying to blackmail us. But if these parties want to protest, they’re more than welcome. We will give them container. We will also give them dinner everyday but what we will never give them is an NRO."
The corrupt think they will get another NRO just like they got from Musharraf. Make no mistake, there will be no NRO. "Our govt is adamant to take on corruption," Khan reiterated. "Corruption is a cancer for this society, we must eradicate corruption no matter how painful and hard it is for us, we are also encouraging investors to start business in Pakistan "PIA is under debt, Steel Mills is non-functional, under Rs. 300 bn debt. These are the doings of these two parties. Now, they are all united in the name of “democracy is endangered” because we are investigating their corruption.
Hitler used similar kind of language to rouse the Frau and Frauleins of Germanistan"My people! do not get panicked , nations have to pay the price of the wrongdoings of their leaders, we are curbing money laundering by strengthening our institutions "
Prime Minister Imran Khan said this week Pakistan was seeking help from "friendly nations", which is usually a reference to close allies Saudi Arabia and China, to go with any IMF programme. A clear hint that IMF monies are also being sought !
Look! Up in the sky! Its a bird. No, its a plane. No, its a ...Falijee wrote:This Immy BOAST Is Too, Too "Rich" !
PM Imran says time not far when Pakistan will be offering loans to other countries
Shireen M Mazari has stated that Pakistan needs to aggressively put forward concrete proposals for the resolution of the Kashmir dispute on the basis of the UN resolutions.
Mazari laid out a set of concrete and comprehensive proposals
In her groundbreaking speech...(Now now now, there's no need to insult her because of her size)first of its nature to address the long awaited Kashmir conflict
Pakistan should propose a solution of the Kashmir problem resembling the Irish Peace Accord.
https://www.thenews.com.pk/latest/38499 ... or-kashmirShe also referred to the East Timor independence based on the concept of self determination
Saudi Arabia has agreed to loan Pakistan $3 billion for one year as balance of payment support and to provide a one-year deferred payment facility for oil payments, up to $3 billion, Foreign Office said on Tuesday.
https://www.youtube.com/watch?v=eDMl1Zh_ihEFalijee wrote:Prime Minister's adresses the nation in less than 1 hour
Some Nasty Paki Reaction To Immy Taking To The Airwaves "To Keep The Aam Abduls In The Loop" About The Sinking Ship
#1
Get your TV's ready. 8:15 Pakistan time. EDIT: According to some sources it's at 7:45, so in 3 minutes
#2
I love how he addresses the nation as soon as major shit happens. ( Language is Un Islamic !) Even western leaders don't do this. I think IK has already smashed NS public address record in less than 100 days. ever wonder why?
#3
Because they risk getting called out on their lies or populist promises with proof of video. Also a national address aims to take in confidence the poor sector of the country who needed to hear that.Annnnd he's also not coming on air and singing 80s film songs, threatening political opponents, inviting people for haleem and attempting a sitting mujra like a effing psycho. ( Need to take a course in "Islamic Ethics " at the Mohallah Masjid
Lisa Ji :Lisa wrote:https://www.youtube.com/watch?v=eDMl1Zh_ihE
Imran Khan't! (All credit to an unnamed poster on another site)
P.S. Sorry do not know how to post a you tube video.
Saudis have in the past waived off / written off the due's for Oil offered on credit basis, so no reason for it to not happen again. The Pakis will gladly offer some foot soldiers to saudis to fight the Yemenis or will go out of their way to piss of the Iranians. Nothing that pakis will not do to get free oil.anupmisra wrote:I hope the mango pakis understand that they have pay this loan back (with interest) and the deferred payment facility is not a "loan" or an "investment" but only a deferral of a payment due for goods delivered by one year. They still have to pay fr oil with a higher cap without a spot price adjustment facility. Morons!
Saudi Arabia agrees to loan Pakistan $3 billion for one year: FO
Saudi Arabia has agreed to loan Pakistan $3 billion for one year as balance of payment support and to provide a one-year deferred payment facility for oil payments, up to $3 billion, Foreign Office said on Tuesday.
https://www.thenews.com.pk/latest/38462 ... ne-year-fo
