Terroristan - October 8, 2018

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Re: Terroristan - October 8, 2018

Postby SSridhar » 29 Dec 2018 07:37

ISI plot to target Army foiled, illegal phone exchange busted in Hyderabad - Raj Shekhar, ToI
Based on inputs provided by a military intelligence unit in J&K, the Telangana Police have unearthed an illegal internet telephony exchange in Hyderabad that was allegedly being used by Pakistan-based ISI sleuths to target Indian defence personnel.

A key player of the syndicate has been arrested and police have recovered large number of illegally procured SIM-box devices and SIM cards, among other things.

The investigation is still under way and more arrests are likely to be made.

“Earlier this month, a unit of MI had shared intelligence pertaining to suspicious illegal VoIP exchanges being run in Hyderabad. It came to the fore that the facility was being exploited by intelligence operatives from Pakistan to make calls to security personnel in J&K and obtain sensitive information by posing as senior officials of the Army,” a senior Telangana Police officer said.

Based on the inputs, Telangana Police detected several illegal SIM cards being used in a certain locality and zeroed in on the prime suspect.

The cops raided the premises in Nallakunta today and recovered two SIM boxes, over 53 illegally procured SIM cards, laptops and computers

According to police, the illegal exchanges enabled callers from other countries to call any Indian number by hiding their identity or displaying an Indian number to the receivers.

The calls, made using VoIP technology, would land in such illegal exchanges and get converted into regular telecom calls. This is done using a modem-like device called SIM box and illegally procured SIM cards.

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Re: Terroristan - October 8, 2018

Postby RCase » 29 Dec 2018 11:40

https://www.dawn.com/news/1454232/no-economic-crisis-says-imran

No economic crisis, says Imran :rotfl:

However, he expressed the confidence that the IMF would come around to the conditions proposed by his government. “The IMF stance will change; they will come up with reasonable conditions because time is in our favour,” he said and pointed out that his government had managed to shore up reserves in the meantime, citing recent agreements with Saudi Arabia and China.

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Re: Terroristan - October 8, 2018

Postby a_bharat » 29 Dec 2018 12:47

@AdityaRajKaul
3h3 hours ago
More
War between Pakistan sponsored separatists in Kashmir and ISIS has now intensified. ISIS sympathisers yesterday took over the throne of Mirwaiz Umar Farooq of Hurriyat at the Jamia Masjid, Srinagar (Kashmir) waving black ISIS Flags and sloganeering. Mirwaiz has gone into hiding?

https://twitter.com/i/status/1078861260773605376

Gurus, what to make of this?

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Terroristan - October 8, 2018

Postby Peregrine » 29 Dec 2018 14:33

Karachi industrialists announce factories shutdown for want of gas - Parvaiz Ishfaq Rana
KARACHI: Around half a million workers are likely to be unemployed as owners of over 3,000 units in Sindh Industrial Trading Estate (Site) have announced complete closure of their factories from Monday onwards in a protest against low gas pressure which has badly hampered production operations.
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Re: Terroristan - October 8, 2018

Postby venug » 29 Dec 2018 15:40

The IMF stance will change; they will come up with reasonable conditions because time is in our favour


Look at the arrogance. As if IMF is desperate and begging Imran’s gov to give them one chance, just one life time chance to bail them out. With this Imran has redefined begging, to mean “ beggars not only can be choosers, but It is the givers who have to beg so that beggars can be considerate.

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Re: Terroristan - October 8, 2018

Postby rhytha » 29 Dec 2018 16:42

Gen Musharraf, OBL raid, Taliban, & his ludicrous bid to get supported by the US again. The full video here of which a small part leaked some months ago:

https://twitter.com/GulBukhari/status/1 ... 2879347712

https://threadreaderapp.com/thread/1078 ... 47712.html

:D :D

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Terroristan - October 8, 2018

Postby Peregrine » 30 Dec 2018 06:01

Economic desperation and PTI’s populist dilemma - Syed Mohammad Ali

Despite support from Saudi Arabia and the UAE meant to boost Pakistan’s liquidity, our long-term economic prospects do not look good. The latest report released by the World Economic Forum, for instance, suggests that doing business in Pakistan is likely to remain difficult in the foreseeable future. This ‘Regional Risks for Doing Business’ report mentions a growing water crisis, unmanageable inflation, a lingering terrorist threat and the complete failure of urban planning as major risks faced by the country.

Inflation is rightly considered a major risk impeding our economic attractiveness. We may have benefited from low global oil prices during the past few years, but a combination of rising energy prices and expansionary monetary and fiscal policies have caused the inflation rate to have reached a four-year high, and the rupee value has deteriorated significantly. Climate change and haphazard urban planning are also Herculean tasks which have not gotten anywhere the attention they need.

Devoid of foreign, economic policies, govt opts to beg for money: Bilawal

The report has also singled out Pakistan, Nepal and Bangladesh to be susceptible to serious cyber-attacks as they continue to run on computer programmes which are often afflicted by malware. The fact that the State Bank of Pakistan has just rejected reports about a wide breach of bank accounts data shows our existing vulnerabilities to this threat. One wonders what adequate measures will now be taken to address this threat.

Fitch Ratings, one of the three major global rating agencies, has also just downgraded Pakistan’s long-term debt rating to ‘B-Negative’. This downgrade has occurred due to high debt repayment obligations, low foreign exchange reserves and the fragile fiscal situation. Pakistan’s external and public debt escalated rapidly over the past 10 years because of heavy reliance on borrowing, in part to finance the ambitious CPEC initiative. However, instead of improving the tax-to-GDP ratio, we choose to borrow more money. Along with declining exports and waning foreign investment, Pakistan’s total debt and liabilities are now hovering well above the debt sustainability limit of 60 per cent of the GDP.

If we manage to convince the IMF to give us another loan, even with a more graduated path of fiscal discipline, this programme would invariably imply public austerity measures which will complicate other needed measures, such as curbing the high unemployment and under-employment rates in the country. Increased borrowing to finance investment and consumption is not good news. Combined with exorbitantly-high defence expenditure, our debt servicing requirements leave little for anything else.

Before he became prime minister, Imran Khan often rallied against lending saying how international agencies compel the country to downgrade the value of the rupee (based on the rationale of making exports more competitive), which in turn requires us to pay increasing amounts to service our debts.

Fake currency dealer: Police arrest three, recover bad notes

While a future IMF support would compel Pakistan to tighten its spending, the current government must avoid the mistakes of its predecessors, who kept shifting the burden of fiscal discipline onto the hapless masses and cut corners on investing in their basic needs.

What the PTI government must do instead is to make taxation more progressive, and especially prevent tax evasion by large landowners. While the IMF would not object to the government ensuring that chronic local tax evaders are brought into the tax net, such attempts will be less acceptable to the electables now firmly entrenched in the PTI cabinet. Bhutto had faced a similar dilemma with his populism. Whether the PTI will be able to better negotiate this predicament, remains to be seen.

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Re: Terroristan - October 8, 2018

Postby Bart S » 30 Dec 2018 18:37

https://www.dawn.com/news/1454481/will- ... asia-canal

Chief Justice of Pakistan Mian Saqib Nisar, while hearing a petition alleging that water is being stolen from the River Ravi and Abasia Link Canal by India, ordered the Punjab Irrigation Department Secretary Syed Ali Murtaza on Sunday to submit a report on the matter by January 4.

"Why is India stealing our water?" the Justice Nisar enquired, asserting, "We will not let India steal Pakistan's water."


Their water activist/campaigner in chief does not even know that India was allocated full usage of the waters from the river Ravi under the IWT! :((

Shows what morons (with good measures of entitlement and pompous bluster added in) they are.

Of course, not too surprising (for anybody other than the typical inbred Paki that is) since he recently referred to water (H2O) as H-2-Zero in a speech. :roll:

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Re: Terroristan - October 8, 2018

Postby chetak » 30 Dec 2018 20:10

This is exactly why the pakis can never be trusted and no agreement can be made with them without it being subsequently repudiated by the other "side" of the paki jehadi equation.

After the 1971 war, which resulted in the loss of Pakistan’s eastern wing that became Bangladesh, the two countries signed the Simla Agreement in 1972. India released 90,000 Prisoners of War and returned Pakistani territory it had occupied in the western wing. But a few years later, Pakistan’s military ruler General Ziaul Haq described the agreement as an “unequal treaty” that could no longer be the basis of relations between the two countries.

They will, however, hold fast to a savagely unequal agreement like the IWT, whining, threatening and desperately begging the world bank, the amerikis and whoever else may be willing to lend them an ear, to uphold this farce of an agreement where they have garnered most of the benefits, leaving India in the lurch.






Who blocks India-Pakistan peace?



Who blocks India-Pakistan peace?

Aparna Pande
December 29, 2018,

It is not unusual for scholars to try and give equal weight to the arguments of both sides while writing about inter-state conflict. It is, however, unusual to describe a major terrorist attack sponsored by one in a major city of another without attributing responsibility or blame, despite the presence of overwhelming evidence of state complicity.

In a recent piece titled Ten Years After the Mumbai Terrorist Attacks, USIP’s Dr Moeed Yusuf—a respected US-based scholar of Pakistani origin—does exactly that. He argues that the 2004-2007 Pervez Musharraf-Manmohan Singh dialogue was the “most promising” peace initiative “ever managed” between India and Pakistan. According to him, this “truly remarkable progress” was undermined by the terrorist attacks in Mumbai, but he fails to mention that these attacks were orchestrated by the Pakistan-based terrorist group Lashkar-e-Tayyaba (LeT).

The LeT and its top leadership continue to enjoy the support and protection of the Pakistani state even after being declared a global terrorist organisation by the United Nations and several governments, including the United States and the United Arab Emirates. Omitting mention of LeT’s role in the Mumbai attacks, and Pakistan’s refusal to act against it, helps build a tale of another “missed chance” for peace. Examining it would help understand why the attacks were timed so soon after the Musharraf-Manmohan initiative, whether the peace process was an elaborate charade, and how the attack that disrupted the dialogue might have been designed precisely to wriggle out of agreements that had not yet been finalised.

I have deep regard for Moeed Yusuf and he would neither be the first nor the last scholar to focus on a seminal event, while forgetting the cumulative history of a fraught relationship. But, with respect to him, the relationship between India and Pakistan cannot be discussed without looking at all the “breakthroughs” that are said to have occurred over time and why and how they did not last.

Dr Yusuf is right in noting that India and Pakistan need to imagine “a fundamentally more positive future together”. But this cannot be done without examining the pattern of poor relations and suggesting that the only hindrance to peace are the “outstanding areas of dispute.” Since their separation in 1947, India and Pakistan have had dozens of rounds of talks, including 45 meetings at the head of state or head of government level. They have also signed several agreements during the last 70 years. The first of these was the agreement between Prime Ministers Jawaharlal Nehru and Liaquat Ali Khan (known as the Nehru-Liaquat Pact) of 1950 that sought to ensure protection of minorities on both sides in the aftermath of the mass violence of partition.

But Pakistan has nurtured a hardline “Kashmir bazor Shamsheer” (Kashmir by the sword) lobby that portrays India as an existential threat to Pakistan—a view also supported by the country’s politically dominant military. Each of the four India-Pakistan wars was initiated by Pakistan, which tends to maintain an “all or nothing” approach on the Kashmir issue that surfaces soon after periods of dialogue.

The “acrimony on both sides” mentioned by Dr Yusuf is a more recent phenomenon. In India, hardline attitudes towards Pakistan can be traced back no farther than the 2001 terrorist attack on Indian Parliament. Admittedly, the Mumbai attacks of 2008 seen on live television have exacerbated the bitterness.

The Indian view now seems to be that Pakistan seeks dialogue whenever it is in a weak position, only to reinstate conflict once its hand becomes stronger. History supports that view. Soon after the 1962 India-China war, the United States and United Kingdom pushed for an India-Pakistan dialogue seeking to resolve the Kashmir dispute. Designated ministers from both sides, Zulfikar Ali Bhutto representing Pakistan and Swaran Singh representing India, conducted six rounds of discussions. Archival material from the US and India confirms that Nehru offered Pakistan adjustments on territory in Kashmir like what was reportedly agreed in the Musharraf-Manmohan talks. Bhutto turned down the offer, Pakistan announced that it was going to develop closer ties with China, and initiated war in Kashmir in 1965.

After the 1971 war, which resulted in the loss of Pakistan’s eastern wing that became Bangladesh, the two countries signed the Simla Agreement in 1972. India released 90,000 Prisoners of War and returned Pakistani territory it had occupied in the western wing. But a few years later, Pakistan’s military ruler General Ziaul Haq described the agreement as an “unequal treaty” that could no longer be the basis of relations between the two countries.

Soon after the 1998 nuclear tests by both countries, a comprehensive peace dialogue began, culminating in the 1998 bus yatra (journey) by then Prime Minister Atal Bihari Vajpayee to Lahore to meet his counterpart Nawaz Sharif. The two signed the 1999 Lahore Declaration. A few months later, Pakistan started the Kargil conflict and Sharif’s government was toppled.

Vajpayee overlooked the Kargil debacle to invite its chief architect, General Pervez Musharraf, for the 2001 Agra Summit, which in turn was followed by terrorist attacks on the Jammu and Kashmir state Assembly followed by the December 2001 attack on Indian Parliament by Pakistan-based jihadi groups.

Musharraf’s back channel negotiations with the Manmohan government from 2004 to 2007 are supposed to have laid the foundations of a comprehensive peace, but these ended with the LeT’s Mumbai attacks. Narendra Modi’s initiatives for negotiations in 2015 were followed by another round of terrorist attacks and a judicial coup, backed by Pakistan’s military, against Modi’s negotiating partner, once again Prime Minister Sharif.

The desire for peace between India and Pakistan is shared by many around the world. But surely peace cannot be built on illusions. Dr Yusuf, and others, working on conflict resolution in South Asia should acknowledge the pattern of dialogue followed by war or terrorist attacks initiated by Pakistan and find a way around it. Pretending that the pattern does not exist will only keep us going around in circles.

Aparna Pande is Research Fellow and Director, India Initiative at the Washington-DC based Hudson Institute. Her books include Escaping India: Explaining Pakistan’s Foreign Policy (Routledge, 2011) and From Chanakya to Modi: The Evolution of India’s Foreign Policy (Harper Collins, 2017)

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Terroristan - October 8, 2018

Postby Peregrine » 31 Dec 2018 01:36

Debt strategy raises doubts as govt borrows at high rate - Shahbaz Rana]

ISLAMABAD: The federal government’s recent moves in debt markets have raised questions over the debt management strategy as it has rejected Rs94 billion in long-term loan offers at a relatively lower price, but borrowed Rs8.6 billion for 10 years at a high interest rate.

The finance ministry on Wednesday borrowed Rs8.6 billion through 10-year Pakistan Investment Bonds (PIB) at a fixed interest rate of 13.12%, which is one of the highest returns in recent years. The cost that the ministry will pay is 2.8% higher than the treasury bill rates.

This has heightened market expectations for a further hike in interest rate by the State Bank of Pakistan in the next monetary policy announcement.

The federal cabinet on Thursday also approved new rules to allow the central bank to accept Bai Muajjal papers of Islamic banks as security instruments, accepting their longstanding demand. After the decision, the SBP can accept Bai Muajjal, an Islamic debt instrument, as approved securities for statutory liquidity ratio (SLR) purposes.

Before this change, the Islamic banks did not have any option but to sell some of their excess liquidity to the federal government, which allowed the Ministry of Finance to raise debt at low rates. This move will free Islamic banks from dependence on the finance ministry for parking their excess liquidity.

The federal cabinet’s decision would help Islamic banks mobilise their deposits and would bring them on a par with conventional commercial banks, said Finance Minister Asad Umar on Saturday.

He said Islamic banks had excess liquidity of over Rs600 billion and the rule change would allow them to channelise that money. The minister said various surveys showed that people wanted to invest in Islamic instruments, which would also help achieve the overall objective of enhancing the current low savings rate in the country.

In the last PIB auction held on Wednesday, the total borrowing through three-year, five-year and 10-year PIBs was only Rs16 billion against the target of Rs150 billion. Three-year PIBs were issued at 12.19% and five-year at 12.7%.

The policy rate of the central bank is 10% after the recent hike. However, on October 17 this year, the finance ministry rejected Rs93.5 billion worth of bids for 10-year floating-rate PIBs. Banks had offered funds at the six-month weighted average treasury bill rate plus 0.95%.

The government had introduced floating-rate bonds of 10 years aimed at mitigating refinancing risk of the government.

Historically, the difference between treasury bills and 10-year PIBs remained around 2% except for a few occasions, according to the people involved in treasury bill auctions.

The federal government remains the largest client of commercial banks due to a widening gap between its expenditures and revenues. For the current fiscal year, the revised budget deficit is expected to reach Rs2.4 trillion or 6.1% of gross domestic product, if no additional revenue measures are taken, according to an internal assessment of the finance ministry.

However, the ministry has defended its decision to invest in 10-year papers at a higher rate. The successful auction of PIBs at a competitive interest rate of 12.74% per annum for an amount of Rs16.7 billion was expected to stabilise market interest rate in longer-tenor papers of the government in subsequent auctions, said Dr Najeeb Khaqan, the spokesman for the finance ministry.

Khaqan said it was a move by the government to diversify its borrowings towards longer-tenor PIBs. “It will reduce the burden of government borrowing from the SBP and will reduce the rollover and re-pricing risk of shorter-term marketable government debt,” he added.

It was expected that participation of banks in primary auctions of government securities, particularly in longer-tenor PIBs, would improve in the future, Khaqan said.

But the decision to accept long-term bids at a fixed rate, when interest rate is expected to hit its peak, is likely to add to the cost of debt servicing which is set to hit Rs2 trillion by the end of current fiscal year. In 2014, when the interest rate had peaked at 10%, the banks heavily invested in long-term PIBs and were still reaping benefits.

The only notable change between October 2018 and December 2018 auctions was negotiations with the International Monetary Fund (IMF) that took place in November. During staff-level talks with Pakistan in October, the IMF had urged the finance ministry to borrow through fixed PIBs instead of floating exchange rates, according to sources in the finance ministry.

Currently, there is no director general of the Debt Management Office and the budget wing of the finance ministry is taking decisions on borrowing without involving the debt office. On December 14, the government had also held an auction to raise debt from Islamic banks. Despite giving them higher rates, the Islamic banks invested only Rs72.5 billion at the treasury bill rate plus 1.2%.

The finance ministry spokesman said in August 2018, the government accepted bids of over Rs100 billion for 10-year floating PIB at a price of six-month MTB plus 70 basis points.

But on October 17, 2018, the auction participation was Rs93 billion with 99% of the bids placed at a margin of 80-140 bps over the six-month T-bill. “Acting prudently, the Ministry of Finance rejected this auction. If the ministry were to accept such bids, it would have meant that for the next 10 years, the government would be paying this margin to banks, even at the time when the interest rate cycle looks to have peaked,” he added.

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Re: Terroristan - October 8, 2018

Postby g.sarkar » 31 Dec 2018 01:38

https://www.nytimes.com/2018/12/19/worl ... ion=Footer
China’s ‘Belt and Road’ Plan in Pakistan Takes a Military Turn
Under a program China insisted was peaceful, Pakistan is cooperating on distinctly defense-related projects, including a secret plan to build new fighter jets.
By Maria Abi-Habib
Dec. 19, 2018
Gautam
OOPS! already cited.

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Terroristan - October 8, 2018

Postby Peregrine » 31 Dec 2018 04:23

Saudi oil facility likely to start in January, UAE’s could take longer - Mubarak Zeb Khan

ISLAMABAD: The deferred oil facility with Saudi Arabia should be complete and ready for signature in January as a revised draft agreement has been sent to Riyadh, a well-placed source in the finance ministry told Dawn on Saturday, while the talks with the UAE on the same facility have not yet yielded a draft agreement.

“We have almost finalised the details of the agreement with Saudi Arabia at the technical level,” the source said, adding that the remaining issues will be sorted out by the second week of January.

Once the draft has been agreed at the technical level, it will be signed by the ministers of both countries. The first meeting on the deal at the technical level was held in Islamabad in October.

As per proposed agreement, Pakistan will receive up to $3 billion worth of oil with payment deferred for 365 days in the first year of the agreement in 2018. The Saudi Fund for Development will act as a third party in the agreement.

How the deal works

Pakistan based refineries will place orders with Saudi Aramco — a government owned company —for supplying crude oil. Pakistan has a long term contract with Aramco for supplying 110,000 barrels per day (bpd). Of these, Pak Arab Refinery Ltd (Parco) has a quota of 60,000bpd while the remaining quota of 50,000bpd is allocated to National Refinery Limited (NRL).

Both Parco and NRL will place orders for import with Aramco. The Saudi Development Fund will pay in dollars to Aramco. However, these refineries will deposit an equivalent amount in Pak rupee with State Bank (SBP) here in Pakistan.

The SBP will begin repayments to the Saudi Development Fund 12 months later, with monthly payments. For example, the January 2019 payment will be made in January 2020.

This arrangement will be in place for a period of three years, with oil imports worth $9bn.

Saudi Arabia had earlier extended a similar special package to Pakistan soon after the nuclear tests of 1998, following which the country faced international sanctions. Between 1998 and 2002, Pakistan received $3.5bn (Rs190bn at the exchange rate at that time) worth of oil from Saudi Arabia on deferred payment, a major part of which was converted into grant and never repaid.

Deferred oil facility with UAE

According to the source, talks with UAE government are in an advanced stage for a similar agreement of up to $3bn. The conditions attached to deal will be similar to those agreed with Saudi Arabia.

Currently, Pakistan based refineries are importing crude and petroleum products from Abu Dhabi National Oil Company (ADNOC) under a long-term contract. The quantum of imports stands at 75,000bpd. However, in case of extra demand, Pakistan can also import oil through open tender from UAE.

As per the agreed contract, Parco imports 39,000bpd crude oil, followed by 29,000bpd by Pakistan Refinery Ltd and 6,500bpd by NRL.

According to the source, the UAE government has not yet nominated a third party for the payment to Adnoc.

However, it is expected to finalise such an arrangement next month, according to the finance ministry official. At the moment, no formal agreement on deferred oil facility with UAE has yet been exchanged, the official tells Dawn.

In the year 2017-18, Pakistan’s fuel imports — both oil and LNG — reached to $16bn despite fall in oil prices owing to rising consumption in the transport sector.

The overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,017.8 million. Net reserves held by banks amounted to $6,560.5m.

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Re: Terroristan - October 8, 2018

Postby saip » 31 Dec 2018 05:59


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Re: Terroristan - October 8, 2018

Postby RCase » 31 Dec 2018 06:29

Bart S wrote:https://www.dawn.com/news/1454481/will-not-allow-exploitation-cjp-nisar-wants-report-on-theft-of-water-from-river-ravi-abasia-canal

Chief Justice of Pakistan Mian Saqib Nisar, while hearing a petition alleging that water is being stolen from the River Ravi and Abasia Link Canal by India, ordered the Punjab Irrigation Department Secretary Syed Ali Murtaza on Sunday to submit a report on the matter by January 4.

"Why is India stealing our water?" the Justice Nisar enquired, asserting, "We will not let India steal Pakistan's water."


Their water activist/campaigner in chief does not even know that India was allocated full usage of the waters from the river Ravi under the IWT! :((

Shows what morons (with good measures of entitlement and pompous bluster added in) they are.

Of course, not too surprising (for anybody other than the typical inbred Paki that is) since he recently referred to water (H2O) as H-2-Zero in a speech. :roll:

Report to be submitted to Suo Moto Damp Squib : H-2-Zero - Hanji Huzoor, Zero water for Pakistan from the River Ravi!

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Re: Terroristan - October 8, 2018

Postby Ashokk » 31 Dec 2018 13:55

Border Action Team attack foiled along LoC, two Pakistani soldiers killed
SRINAGAR: A major Border Action Team (BAT) action has been foiled along the Line of Control (LoC) in Naugam sector of Jammu and Kashmir by killing two intruders who are "likely Pakistani soldiers", the Army said on Monday.

"Army foiled a major BAT attempt to strike a forward post along the Line of Control in Naugam Sector in the early hours of Sunday," an Army spokesman said.

He said the intruders attempted to come in by exploiting the thick jungles close to the LoC and were assisted by heavy covering fire of high calibre weapons such as mortars and rocket launchers from the Pakistani posts.

"The movement was nonetheless detected by the vigilant Indian Army troops deployed along the LoC," he said.

The spokesman said the fire-fight initiated by Pakistan was given strong retaliation by the Indian Army and the exchange of fire continued the whole night.Â

"Own troops conducted prolonged search operations in thick jungles and difficult terrain conditions to ascertain the situation, which confirmed elimination of two likely Pakistani soldiers and resulted in recovery of a large cache of warlike stores. The search operations are still underway in the sector to sanitise the area," he said.

He said it was also reported that a few other intruders managed to escape across the LoC, taking advantage of the Pakistani firing and adverse weather and visibility conditions.

"Intruders were wearing combat dresses like Pakistani Regulars and were carrying stores with Pakistani markings further reinforced the assessment. Some intruders were also seen in BSF and old pattern IA dresses as part of deception," he said.

The spokesman said the intruders were well equipped with IEDs, incendiary materials, explosives and a plethora of arms and ammunition.

"From the recovery, it was estimated that they intended to carry out a gruesome attack on the Indian Army forward post in Naugam sector. The alertness and resilience of the own troops, who engaged and neutralised the intruders, thus eliminated a likely treacherous attack on the Army forward posts along the LoC on the eve of New Year," he said.

Army authorities have applauded the courage and perseverance of troops, the spokesman said, adding the Indian Army's resolve to keep a strict vigil along the LoC and defeat all such nefarious designs of Pakistan will continue to remain firm and consistent.

"We will ask Pakistan to take back the mortal remains of deceased likely Pakistani soldiers since Pakistan did provide full covering fire support to these intruders," the spokesman said.

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Re: Terroristan - October 8, 2018

Postby ArjunPandit » 31 Dec 2018 18:08

^^actually these morons are our best friends. For they take off the veil of any credibility paki abdul has

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Re: Terroristan - October 8, 2018

Postby Vips » 31 Dec 2018 21:59

Pak BAT action foiled: Army used Quadcopters to locate attackers terrorists corpse.

Quadcopters were used to locate the dead bodies of suspected Pakistani soldiers, who were gunned down by the Indian Army while foiling an attempt by Pakistani Border Action Team (BAT) to carry out an attack across the LoC (Pic source: Army)

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Terroristan - October 8, 2018

Postby Peregrine » 31 Dec 2018 22:11

S&P BSE SENSEX

Index Current : 36,068.33 - Pt. Change : -8.39 - % Change : -0.02

Market Capitalization of B S E Listed Co. (Rs.Cr.) : 144,484.6569- $1 / 69.8975

Market Capitalization of B S E Listed Co. (U S $.) : 2,067.09 Billion

P S E

Index Current : 37066.67 - Pt. Change : -100.35 - % Change : -0.27%

Market Capitalization of PSE Listed Co. (T. Rs): : 7,692,786,560,300 - $1 / 139.3000

Market Capitalization of BSE Listed Co. (U S $.) : 55.23 Billion

B S E : P S E : : 37.43 : 1

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Terroristan - October 8, 2018

Postby Peregrine » 31 Dec 2018 22:39

Fall in exports worrying: Charter of economy – the way forward - JUNAID ZAHID

ISLAMABAD: The charter of economy, in simple words, is national consensus on the core economic agenda in an attempt to develop a far-reaching framework for economic reforms in the country.

The charter should not only be confined to the views of chambers of commerce, it should also incorporate the voice of other important players such as farmers, labourers, technologists and those involved in capital formation.

A list of key regulatory bodies should be drawn up and provided a guarantee that they will be made strong, autonomous and free from political intervention.

Economic priorities may differ from party to party. However, a minimum consensus should be developed in the areas of energy, taxation, water resources, environment, domestic savings, social protection and labour. There should, at least, be consensus to reform and privatise public-sector enterprises.

The China-Pakistan Economic Corridor (CPEC) is critical for Pakistan’s growth and development. All parties should agree on a mini-charter of CPEC in terms of what it entails and how it should be implemented.

Two major indictors of Pakistan’s economy nowadays are government debt and exports. There is a dire need for developing the charter of economy because government debt is increasing with the passage of time and exports are not growing which are critical for strengthening the economy. In the past five years, it has been noted that Pakistan is sinking deep into a debt trap and has not been able to strengthen industries to step up exports.

Exports of Pakistan decreased to Rs246,015 million in November 2018 from Rs248,128 million in October 2018. Exports averaged Rs43,891.75 million from 1957 to 2018, reaching an all-time high of Rs275,483 million in September 2013 and a record low of Rs51 million in April 1958.

According to Bloomberg, “Pakistan’s dollar reserves are depleting at the fastest pace in Asia and may soon have a buffer that’s smaller than Cambodia – an economy that’s less than a 10th of its size.”

Now, in order to increase exports and ease economic pressure, all political parties need to bring in ideas, discuss them and build consensus for implementing them in the short and long run.

Declining exports to the United Arab Emirates, Saudi Arabia, Iran and Turkey, despite having good political relations, are quite worrying. Pakistan needs to revive economic diplomacy in foreign relations. The role and effectiveness of commercial counsellors in improving relations with trading partners is extremely important. For regional cooperation and trade, the strengthening of institutions is a must.

Pakistan adopted a private sector-oriented strategy somewhat earlier than other economies in the region but has not been able to expand exports compared to other economies in the region. Though the contribution of private-sector enterprises is increasing significantly, there is an urgent need to assist private entrepreneurs – who are dynamic, open to innovation and have managerial capabilities – by providing a favourable business environment with good governance, appropriate institutional and financial support mechanisms, an adequate legal and support framework and other physical and social infrastructure.

Government’s role should be confined to legislation, policy development, regulation, capacity building and facilitation with the objective of increasing productivity in all export-focused sectors. The private sector should take the lead in making investment and value chain development on its own.

Pakistan may begin by creating a competitive environment in the labour-intensive production of goods and then gradually progress to more skills and technology-intensive activities. In order to increase exports, first there is a need to increase the production of goods and services in all sectors in general and in exportable sectors in particular.

There is a need to devise policies and strategies to increase production through capacity utilisation, capacity expansion and productivity growth. For capacity expansion, Pakistan needs to diversify the production base in favour of goods and services with comparative advantage, global demand and growth potential. Some of these industries are electronics and telecommunication equipment, automotive parts, biological pharmaceuticals, renewable energy, petrochemicals and aerospace.

Furthermore, as Pakistan’s auto industry is beginning to look efficient, other downstream and upstream industries should be established. Within the textile sector, the production of clothing and value-added products should be expanded.

Finally, productivity growth will come automatically from investment in human capital and promoting innovation.

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Terroristan - October 8, 2018

Postby Peregrine » 01 Jan 2019 00:08

Exporters reject govt's bond float plan for tax refunds - Our Correspondent

KARACHI: Textile exporters have voiced strong reservations about the government announcement that it has planned to float security bonds for clearing tax refund claims of businessmen and have urged the government to take the business community into confidence in that regard.

They made the demand at a press conference organised at the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) office on Monday.

Majority of the textile export industries comprise small and medium enterprises (SMEs) which prefer personal investments rather than borrowing from banks, hence the businessmen should be consulted beforehand, they emphasised.

“If the SMEs are paid in cash, it will be viable for them to keep running their businesses,” the exporters argued. “They will be able to purchase raw material at the most competitive prices by paying cash.”

Textile body sees 10% hike in exports if refunds released

The exporters expressed dismay over the inordinate delay in releasing tax refunds and demanded that the government immediately clear the backlog in one go.

Tax refunds of the exporters have been stuck for a long time. These are to be paid under the Duty Drawback of Taxes (DDT) scheme of the Prime Minister’s Export Package, Drawback of Local Taxes and Levies (DLTL) scheme, in sales tax refund, customs rebate and withholding tax.

“The government continues to delay refund payments which clearly reflects its lack of interest in promoting the textile industry,” they lamented.

Giving statistics, they revealed that tax refunds of Rs127.35 billion belonging to textile exporters had been halted by the government, of which Rs61.02 billion was of the apparel sector alone.

They voiced hope that following the government’s disbursement of refund claims, the exports of the country would swell and additional billions of rupees were expected to be earned.

“The release of tax refunds will not only boost export activities but will also bolster the entire supply chain and allied sectors,” they said. “This will also assist the textile export industry in creating more jobs in line with the government’s vision.”

Textile value addition: Govt taking steps to make industry competitive

They recalled that during a visit of the member Customs and Federal Board of Revenue (FBR) officials to the PHMA in October 2018, they had agreed that customs rebate would be paid electronically with export proceeds, effective January 2019 onwards.

However, the plan was still far from reality as a nine-month backlog was prevailing, they informed the media and demanded immediate automation of the system.

Reacting to the long withheld sales tax refunds, the textile exporters expressed dissatisfaction with the FBR over 30% deferred claims and cases awaiting adjudication for the past seven to eight years.

They pointed out that 99% of decisions were announced in favour of exporters and called for referring such cases to the Federal Tax Ombudsman for immediate disposal in line with the timeframe..

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Terroristan - October 8, 2018

Postby Peregrine » 01 Jan 2019 05:48

Image

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Re: Terroristan - October 8, 2018

Postby menon s » 01 Jan 2019 10:04

A leaked video of Musharaff. The time period seems to be close to 2013-2014.

He says he is ashamed of Bin ladens presence....to a group of Americans.....seemed to me like a man caught with his pants down...beseeching his wife!
It is the real face of Porkis...".bahar bada bhakhna...andar jaake leet jana....."

https://www.youtube.com/results?search_query=MUSHARAFF+LEAKED+VIDEO

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Re: Terroristan - October 8, 2018

Postby jash_p » 01 Jan 2019 10:50

Happy New year 2019 Pak lurkers I know you guys are shivering and awaiting Trumps new year tweet.

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:20

Chairman of Securities & Exchange Commission - Absconding!

Acting SECP chief on ex-Pakistan leave, hasn’t fled, papers show

Federal Information Minister Fawad Chaudhry claimed at a press conference on Monday that Tahir Mahmood, the acting chairman of Securities and Exchange Commission of Pakistan (SECP), had fled the country, but copies of some documents available with Dawn show that Mr Mahmood is on 12 days’ ex-Pakistan leave.
Meanwhile, the acting chairman of SECP has written to the finance ministry from abroad in which he said that accusations made against him in the JIT report were incorrect and contrary to facts.


https://www.dawn.com/news/1454740/actin ... apers-show

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:24

Happy New Year, Paklurks!

Rupee lost one-fourth of its value in outgoing year

Amid high exchange rate volatility, the local currency lost more than one-fourth of its total value during 2018 with rupee’s slide worsening during the second half of the year.
On Monday — last day of the year — dollar traded at Rs139 compared to Rs110.64 on Jan 3 translating into dollar’s appreciation of 25.6 per cent.


https://www.dawn.com/news/1454779/rupee ... going-year

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:28

Revenue collection posts meagre 2pc growth

Despite introduction of supplementary finance bill in September, the revenue collection for the first half of current fiscal year is estimated to have shown less than 2 per cent growth, leaving a shortfall of more than Rs170 billion against the target.
The sources said the major shortfall in revenue collection was coming from Inland Revenue Services (IRS)
They said the widening revenue shortfall would mean the government would have to take drastic measures going forward to come closer to meet the conditions of the International Monetary Fund (IMF).


https://www.dawn.com/news/1454780/reven ... 2pc-growth

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:30

And, now this.

2019 is the beginning of Pakistan's golden era: PM Imran

In his new year message, Prime Minister Imran Khan on Tuesday vowed to eliminate poverty, illiteracy, injustice and corruption in Pakistan.
Our New Year resolution is to wage jihad against the 4 ills of our country: poverty, illiteracy, injustice and corruption
"InshaAllah 2019 is the beginning of Pakistan's golden era," the prime minister said.


Everything depends on allah.

https://www.thenews.com.pk/latest/41339 ... a-pm-imran

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:34

AK Phyrrrrr...in k'rachi.

18 injured in new year celebratory firing in Karachi

At least 18 people, including women and minor, were injured in various parts of Karachi due to aerial firing during the new year celebrations.


https://www.thenews.com.pk/latest/41297 ... in-karachi

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:39

Digrii is digrii, whether it is fake or real.

HEC okays 75,000 Al-Khair degrees in policy u-turn

The commission, which was strongly contesting against illegal campuses of now-banned Al-Khair University until April 2018, took a u-turn on 31st August, and with one stroke of pen, allowed recognition of over 75,000 degrees of Al-Khair University, including those obtained from illegal campuses in back dates.
The DG NAB Lahore was the beneficiary of this controversial HEC decision
According to his own claim, the DG NAB Lahore Shahzad Saleem obtained his MSc Computer Science in 2002 from Islamabad campus of the Al-Khair University, which is declared illegal as per the HEC rules.
The campus was an illegal diploma mill notorious for selling degrees for money


https://www.thenews.com.pk/print/412676 ... icy-u-turn

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 11:42

Thousands losing jobs as businesses going down

Prime Minister Imran Khan has been told that private businesses are on fast track of decline causing huge unemployment throughout the country, thus, seriously denting the country’s economy.
The prime minister, it is said, has also been warned that the market is almost closed and if the confidence of the business community is not revived, there will be huge unemployment in six months’ time.
The source said the government’s measures to check hundi and hawala, money laundering, fake accounts and corruption are the major “corrections” in our system but these are badly hitting the private businesses and causing huge unemployment.


https://www.thenews.com.pk/print/413309 ... going-down

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Re: Terroristan - October 8, 2018

Postby menon s » 01 Jan 2019 12:26

According to this report in NYT, 1000 soldiers from Pakistan are already there in Yemen.
https://www.nytimes.com/2018/12/28/world/africa/saudi-sudan-yemen-child-fighters.html?smid=tw-nytimes&smtyp=cur

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Re: Terroristan - October 8, 2018

Postby shravan » 01 Jan 2019 14:34

Attack on Army Cant in Loralai district of Balochistan reports of deaths and injuries, office/interrogation center of an intelligence agency was targeted.

Attack started midnight and still continuing.

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Re: Terroristan - October 8, 2018

Postby anupmisra » 01 Jan 2019 19:28

shravan wrote:Attack on Army Cant in Loralai district of Balochistan reports of deaths and injuries, office/interrogation center of an intelligence agency was targeted.

Attack started midnight and still continuing.


No mention of this yet in the paki MSM (link below is VOA-Erdoo). TTP claims responsibility. Forced-to-be-pakis versus real pakis at war with each other.

https://www.urduvoa.com/a/seven-killed- ... 24005.html

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Re: Terroristan - October 8, 2018

Postby Vips » 01 Jan 2019 20:03

Just a day after the BAT team tried to attack the Indian army post on the border. Hmmm.....

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Terroristan - October 8, 2018

Postby Peregrine » 02 Jan 2019 03:26

X Posted on the Terrorist State of Pakistan : Media Digest Digest Thread

Surgical strikes decision was a “big risk” but I was more concerned about safety of soldiers

NEW DELHI: "Come back before sunrise, irrespective of the success or failure of the mission".

This was the message of Prime Minister Narendra Modi to the Indian Army Special
Forces' commandos who went across the Line of Control on September 28, 2016 to carry out surgical strikes at terrorist campsin Pakistan-occupied-Kashmir.

Modi, while revealing details of the military action for the first time, told ANI in an interview that the date of the attack was changed twice, keeping in mind the safety and security of the troops.

The strikes were carried out days after terrorists attacked an Army camp in Uri in Kashmir, killing 20 soldiers.

The Prime Minister said the surgical strikes were planned as there was a "rage" building up within him as well as the Army after soldiers were burnt alive in the terror attack in Uri.

"I gave clear orders that whether you get success or failure, don't think about that but come back before sunrise. Don't fall for the lure and prolong it (the operation)," he said, turning a bit emotional while discussing that operation.

Emphasising that he was determined to see that none of the soldiers died in the operation, he said he had told them that they must return before sunrise even if they fail.

The Prime Minister revealed that he was keeping tab of the risky operation throughout the night and was getting live information.

"I knew it was a big risk. I never care about any political risk to me. The biggest consideration for me was the safety of our soldiers," he said.

He said he didn't want any harm to come to the commandos who were "willing to sacrifice their lives on our word."

The Prime Minister disclosed that the commandos for the operation were chosen carefully and then imparted special training. Whatever equipment was required, it was arranged for them, he said.

He said he was "anxious" throughout the time the soldiers were on the other side of the LoC and the moments became "extremely difficult" when the information flow stopped for about an hour in the morning.

"In the morning, information flow stopped, for an hour. My anxiety increased. Even one hour after sunrise. That time was extremely difficult for me... Then came the information that they have not reached back yet but two-three units have reached the safe zone, so don't worry. But I said I won't be fine till the last man returns," said.

On politicisation of the surgical strikes, the Prime Minister said it was not done by the government but by opposition parties, which "raised questions" over the military action and cited the Pakistani version to "lend weight to their doubts".

The Prime Minister said that even before the country was informed about the strikes, Pakistan was told about it.

"An Army officer apprised the nation (India) of the operation. That information was given to Pakistan as well... But it is unfortunate for the country that the same day (of the surgical strike), leaders of some parties raised doubts over the surgical strikes," Modi said.

"It was necessary for Pakistan to speak like this (to deny), to keep their morale intact. But what Pakistan was saying, was being said here too. To lend weight to their views, they were citing Pakistani version. Politicisation started from that point," he added.

Delhi CM and AAP supremo Arvind Kejriwal in a series of tweets post surgical strikes raised doubts over the veracity of the government's claims. Kejriwal said Pakistan had invited foreign journaliststo their side of the border to ascertain claims of a surgical strike. "BJP I believe you. But international media publishing Pak propaganda that no strike took place. Lets expose Pak propaganda," tweeted Arvind Kejriwal on October 4th, 2016.

PM Modi added that the opposition leaders were speaking "rubbish" and "those who raised doubts over the Army action, were wrong and such politicisation should not have happened".

Modi said lauding the valour of soldiers from all operations including the 1962 war with China was the duty of the government and citizens.

"If we don't hail the valour of those who stake their lives for the country, then who will? So praising the Army should not be considered as politicisation," he said

The Prime Minister was asked whether the objectives of the surgical strikes were met, considering that cross-LoC attacks still continue in Kashmir.

In response, he said he would not like to discuss the issue in open domain.

But then he went on to add, "Ek ladai se Pakistan sudhar jayega, yeh sochne mein bahut badi galti hogi. Pakistan ko sudarne mein abhi aur samay lagega (It will be a big mistake to think that Pakistan will start behaving after one fight. It will take a long time for Pakistan to start behaving).

Talking about the Uri attack, Modi said, "That incident made me restless and there was rage within me. I had gone to Kerala and made a mention of this. Because I could not stop myself.

Modi said that while talking to the Army, he realised that they wanted justice for their martyred soldiers and the government gave them the "free hand" to plan and execute the surgical strikes.

Special training was imparted to the commandos and secrecy was maintained.

"The topography and obstacles were kept in consideration... It was a learning experience for me as well," Modi said.

In September 2016, terrorists of Pakistan-based Jaish-e-Mohammed entered the Army camp in Uri near the Line of Control and killed 20 soldiers in the attack.

In retaliation, the Indian Army troops including the commandos from various units of the Para (Special Forces) units deployed in Jammu and Kashmir carried out raids across the border on multiple targets.

All these targets were launch pads for terrorists for infiltrating into Jammu and Kashmir for carrying out attacks against military and civilian targets.

Though the security forces are not sure about the exact number of casualties on the Pakistan side but based on post-operation intercepts and movements, it is believed that it had suffered around 50 casualties including its regular Army.

From the Indian side, only one soldier had suffered injury due to a personnel mine explosion while returning from the operation.

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Terroristan - October 8, 2018

Postby Peregrine » 02 Jan 2019 03:56

S&P BSE SENSEX

Index Current : 36,254.57 - Pt. Change : 186.24 - % Change : 0.52

Market Capitalization of B S E Listed Co. (Rs.Cr.) : 1,44,80,678.84- $1 / 69.6150

Market Capitalization of B S E Listed Co. (U S $.) : 2,080.11 Billion

P S E

Index Current : 37995.76 - Pt. Change : 929.09 - % Change : 2.51%

Market Capitalization of PSE Listed Co. (T. Rs): : 7,852,327,516,795 - $1 / 139.0000

Market Capitalization of BSE Listed Co. (U S $.) : 56.49 Billion

B S E : P S E : : 36.82 : 1

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Terroristan - October 8, 2018

Postby Peregrine » 02 Jan 2019 04:27

Currency jolts: Despite massive slump, rupee likely to fall more - Salman Siddiqui
KARACHI: Three governments let the rupee slump by a record 32% in the past 13 months in what analysts believe largely uncoordinated efforts but with the apparent objective of lessening pressure on the current account deficit and acquiring an International Monetary Fund (IMF) bailout to address balance of payments woes.
The rupee had been at around Rs97 to the greenback when the PML-N formed its government on June 5, 2013.
“Now, we should not expect a steeper depreciation but gradual currency weakening will continue,” Khan said, adding, “we should expect the rupee to trade at Rs145 (to the US dollar) by June 2019.”
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Re: Terroristan - October 8, 2018

Postby saip » 02 Jan 2019 08:43

Indian Drone Shotdown

Who uses these toy drones?

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Re: Terroristan - October 8, 2018

Postby saip » 02 Jan 2019 08:48

shravan wrote:Attack on Army Cant in Loralai district of Balochistan reports of deaths and injuries, office/interrogation center of an intelligence agency was targeted.

Attack started midnight and still continuing.


Only four killed?


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