Pakistani Economic Stress Watch

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Vips
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Re: Pakistani Economic Stress Watch

Postby Vips » 18 Nov 2020 19:10

This award is executable against any asset owned abroad presently or in the future by Pakistan. If PIA tries to fly anywhere outside the planes can and will be seized. :lol:

Another fall out will be no international company (other then chinese) will ever dare to enter into a commercial agreement with Toiletistan or if they do they will insist on a substantial deposit in an escrow account :P .

Only the Chinese will be left to invest in Porkistan and it will forever be only getting second or third grade technology :rotfl:

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Re: Pakistani Economic Stress Watch

Postby bharathp » 19 Nov 2020 11:33

https://www.indiatvnews.com/news/world/ ... lia-665883

The United Arab Emirates on Wednesday temporarily suspended the issuance of new visas to visitors from Pakistan and 11 other countries until further notice, the Foreign Office said.

The decision by the UAE authorities is "believed to be related to the second wave of COVID-19," Foreign Office spokesperson Zahid Hafeez Chaudhri said in a statement.

"We have learnt that the UAE has temporarily suspended the issuance of new visit visas until further announcement for 12 countries, including Pakistan," he said, adding that the government is seeking official confirmation from the UAE authorities in this matter.

However, the suspension would not apply on already issued visas, the Foreign Office said.

It was not immediately clear how many categories of visas would be affected by the suspension. The UAE has various visa categories, including business, tourist, transit and student.

The other countries hit by the UAE government's fresh visa directives include Turkey, Iran, Yemen, Syria, Iraq, Somalia, Libya, Kenya and Afghanistan.

In June, when cases in Pakistan were on the rise, UAE airline Emirates had announced temporary suspension of passenger services from Pakistan till July 3.

The decision came after around 30 Pakistanis who arrived in Hong Kong on board an Emirates flight tested positive for the virus. The airline resumed its flights in July, the Dawn News reported.

In August, Kuwait's aviation banned commercial flights to Pakistan and 30 other countries regarded as 'high risk' due to the spread of the coronavirus.

The number of infections has been rising in Pakistan since late last month and authorities have declared that the country was witnessing the second wave of COVID-19. The positivity rate of the disease has increased, especially in major cities including Karachi, Lahore, Islamabad, Faisalabad and Hyderabad.

On Monday, Prime Minister Imran Khan had urged the people to "act as a nation" in order to curb the spread of the novel coronavirus, which has so far infected 363,380 people and claimed 7,230 lives in the country.

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Re: Pakistani Economic Stress Watch

Postby tandav » 20 Nov 2020 00:20

Vips wrote:This award is executable against any asset owned abroad presently or in the future by Pakistan. If PIA tries to fly anywhere outside the planes can and will be seized. :lol:

Another fall out will be no international company (other then chinese) will ever dare to enter into a commercial agreement with Toiletistan or if they do they will insist on a substantial deposit in an escrow account :P .

Only the Chinese will be left to invest in Porkistan and it will forever be only getting second or third grade technology :rotfl:


In most technology required by Pakistan China is near par or superior to the rest of the world. China does not play by the economic rules of West. It knows how to get paid and will get paid in hard territory / resources rather than paper money which it does not care for.

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Re: Pakistani Economic Stress Watch

Postby Suraj » 20 Nov 2020 13:44

SAARC ex India Forex Reserves SitRep:

Code: Select all

44 Bangladesh   $41.03 billion   
71 Pakistan     $12.93 billion   
75 Nepal        $11.13 billion   
82 Afghanistan  $7.80 blilion
93 Sri Lanka    $5.86 billion   
99 Myanmar      $5.03 billion
130 Bhutan      $1.24 billion

If properly tabulated, Pakistani's forex reserves likely fall below Nepal and even Afghanistan.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 20 Nov 2020 16:24

Pakistan's real forex reserves are negative or at the very least close to zero. Most of what they show as 'forex reserves' are loans from Saudi, UAE and China, and also showing the resources of commercial banks as their own.

https://tribune.com.pk/story/2267706/sb ... an-doubles

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 20 Nov 2020 20:45

Afghanistan higher than SL?

Is it the US aid which makes up the bulk of Forex reserves.

Granted that SL also went through a long period of militancy, but i would have thought their economy (based on industries) would be more than Afghanistan.

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Re: Pakistani Economic Stress Watch

Postby Dilbu » 22 Nov 2020 17:29

Pakistan balks at IMF demands over $6 billion loan
Islamabad: Talks between Pakistan and the IMF to restart a $6b loan programme have stalled over Prime Minister Imran Khan’s refusal to introduce unpopular measures, say senior government officials. Formal discussions to release a tranche of funding have been pushed back over concerns from Islamabad that instituting the reforms tied to the loan would provoke a backlash from the hard-hit middle class.

The sticking points between Islamabad and the IMF on resuming the programme include raising electricity tariffs, higher tax collection targets and increasing the repo rate, which was lowered to 7 percent in June from 13.25 percent earlier in the year.

Pakistan’s economy has not suffered as big of a shock from the pandemic as neighbouring India. {A little bit of ointment applied on the rakkitmards to sooth the burn} The Asian Development Bank projected that the economy would contract 0.4 percent in 2020 but would expand 2 percent next year.

Pakistan’s external debt and liabilities have grown from $95bn in 2018 to almost $113bn in 2020, with a subsequent rise in debt servicing, according to the State Bank of Pakistan in its annual report released on Wednesday.

“We are in a debt trap that is entirely of our own making. It is a risk to our national security,” said the Institute for Policy Reforms, a Lahore-based think-tank.

Pakistan is under additional pressure after Saudi Arabia demanded $1bn repayment of part of a $3billion loan and froze an oil credit facility worth more than $3 billion. Officials in Islamabad said there were concerns that Riyadh might ask for even more. That would force Pakistan to seek further loans from China.

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Re: Pakistani Economic Stress Watch

Postby bharathp » 22 Nov 2020 21:56

The sticking points between Islamabad and the IMF on resuming the programme include raising electricity tariffs, higher tax collection targets and increasing the repo rate, which was lowered to 7 percent in June from 13.25 percent earlier in the year.

Pakistan’s economy has not suffered as big of a shock from the pandemic as neighbouring India. {A little bit of ointment applied on the rakkitmards to sooth the burn} The Asian Development Bank projected that the economy would contract 0.4 percent in 2020 but would expand 2 percent next year.


there should be something of worth for it to show a notable "contract"ion. basically, it was negligible when in full capacity and negligible when its not. so much for TFTA martial male sydrome.

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Re: Pakistani Economic Stress Watch

Postby Paul » 23 Nov 2020 13:11

Gives an idea of how much things have changed

omar ali Retweeted
Śrīkānta
@shrikanth_krish
·
6h
TIL :

Pakistan per-capita GDP was 50% higher than that of India in 1950

I knew it was higher. But didn't know the factor was 1.5x

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 23 Nov 2020 13:25

That was cause Pakjab the most fertile land was given, thats why Nehru also guaranteed the Indus waters them, Indus Water Treaty makes no sense to India given Pakistan hatred towards India.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 23 Nov 2020 19:57

Paul wrote:Gives an idea of how much things have changed

omar ali Retweeted
Śrīkānta
@shrikanth_krish
·
6h
TIL :

Pakistan per-capita GDP was 50% higher than that of India in 1950

I knew it was higher. But didn't know the factor was 1.5x


That is just factually wrong.
https://www.nationmaster.com/country-in ... ta-in-1950
Even in that link, though it shows their GDP as 50$ higher, if we factor in Bangladesh, it was about the same as India.

There is no way that Pakistan could have pulled ahead of the country that it was carved out of by 50% just 3 years after partition. Perhaps by mid 60s they had an edge, which also existed in the 80s (both due to American dole and Indian socialism).

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 23 Nov 2020 22:19

Bart S wrote:
Paul wrote:Gives an idea of how much things have changed



That is just factually wrong.
https://www.nationmaster.com/country-in ... ta-in-1950
Even in that link, though it shows their GDP as 50$ higher, if we factor in Bangladesh, it was about the same as India.

There is no way that Pakistan could have pulled ahead of the country that it was carved out of by 50% just 3 years after partition. Perhaps by mid 60s they had an edge, which also existed in the 80s (both due to American dole and Indian socialism).


You forget 69% of the population reduced 31% minorities to 3% and stole their riches, temporary increasing their stolen wealth.

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 24 Nov 2020 14:25

Bart S wrote:..

There is no way that Pakistan could have pulled ahead of the country that it was carved out of by 50% just 3 years after partition. Perhaps by mid 60s they had an edge, which also existed in the 80s (both due to American dole and Indian socialism).


Looks like Sialkot statistics probably. Did the pakis even count their population correctly.. They might well have removed a whole lot of their unwashed abduls and entire chunks of their North frontier provinces populace from the calculations just to show that they are better than SDREs. Late 70s and early 80s might have been close..

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Re: Pakistani Economic Stress Watch

Postby g.sarkar » 30 Nov 2020 12:38

https://www.dawn.com/news/1593187/the-biggest-problem
The biggest problem
Huma Yusuf 30 Nov 2020

The first step is always the same: admitting you have a problem. Once the denial is overcome, the problem solving can begin. But how can you admit you have a problem when you still don’t have the right words to talk about it?
Pakistan’s big — arguably, biggest — problem is water scarcity. The country faces acute water scarcity by 2025, and will be the most water-stressed country in South Asia within two decades. Almost 30 million Pakistanis have no access to clean water. But you may not know this because we have yet to articulate a compelling narrative about the water crisis.
One would think that the best way to spur discourse on water scarcity would be to focus on basic human rights: the right to access clean water, food and maintain hygiene. The UN recently reiterated that water shortages are affecting three billion people globally, and that billions face hunger. But in increasingly polarised, populist polities, such appeals fall on deaf ears.
Another approach could be to emphasise that Pakistan’s water crisis is in fact a failure in water management, an example of our governments’ and bureaucracy’s inability to deliver basic services. Studies argue that Pakistan’s water scarcity can be addressed through data gathering, improved efficiency, reduced losses and improved sowing. More and better-coordinated government initiatives and subsidies, such as the drip irrigation scheme in Punjab, are needed. The 2018 National Water Policy needs a revamp, and aggressive implementation.
But the water management argument is best made by experts and has not caught the public imagination. For example, researcher Uzair Sattar rightly pointed out that the public commission report into the cartelisation and corruption of the sugar industry released earlier this year covered various angles — subsidies, political influence, tax evasion — but barely touched on the crucial link between sugar and water. Sugar is among the most water-intensive crops; the obsession with being a top-five sugar producer is driving the water crisis.
The national debate on malnourishment — which affects one-third of Pakistani children — also fails to make the link with water scarcity. Malnourishment is highest in Pakistan’s irrigated districts, according to academic Daanish Mustafa, where agriculturalists prioritise growing cash crops for export over domestic food security.
.....
Gautam

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Re: Pakistani Economic Stress Watch

Postby Vadivel » 24 Dec 2020 17:55

Lo, even sovereign gurantee not enough :D :D
China has sought additional guarantees before sanctioning $6 billion loan for Main Line-1 (ML-1) project due to weakening financial position of Pakistan and also proposed a mix of commercial and concessional loan against Islamabad’s desire to secure the cheapest lending.

The issue of additional guarantees was raised during the third joint ML-1 financing committee meeting, held ten days ago, official documents said.

However, a senior Pakistani official involved in negotiations said that China did raise the additional guarantees issue during meeting but it did not make it part of the draft of the minutes shared with Pakistan.

The ML-1 project includes dualisation and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of China-Pakistan Economic Corridor (CPEC).

The purpose of raising the additional guarantees issue was getting more clarity after Pakistan availed G-20 countries debt relief initiative, he added. The draft minutes have not yet been signed by both the countries.

The third round of financial negotiations gave further clarity on the Chinese position on $6 billion lending for the $6.8 billion strategically important ML-1 project of Pakistan Railways, sources in the Ministry of Economic Affairs said.

The Chinese authorities asked for additional guarantee mechanism after Islamabad sought debt relief from G-20 countries, which was only meant for poorest nations of the world.

The G-2- nations have also imposed conditions that the poor countries would not secure expensive commercial loans, except those allowed under the IMF-WB framework.

The Chinese authorities have proposed that “keeping in view the financial situation in Pakistan so also the conditions laid down by the G-20 regulations for debt suspension, the government of Pakistan may provide additional guarantee mechanism for the loan other than sovereign loan for the ML-1 project”, according to officials privy to these negotiations.

It was surprising for us when China raised the issue of additional guarantees during the meeting, another senior Pakistani official who was part of the meeting said.

In August this year, the Executive Committee of National Economic Council (Ecnec) approved the strategically important ML-1 project worth $6.8 billion.

The Ecnec meeting had continued for hardly 20 minutes, leaving many critical issues about financing and technical details unsettled.

Both the sides have reached broad-based consensus on the technical parameters including bidding documents, according to deliberations that took place in the joint bilateral third financial and seventh technical committee of ML-1 project.

But an early start of construction work on what the official described as “strategically important project” is also unlikely after China linked the civil works with prior finalisation of financing mechanism of the single-largest project of CPEC.

Unlike Pakistan’s expectations of getting the $6 billion loan at 1% interest rate, China has proposed a mix of commercial and concessional lending, the sources said.

China maintained that the lending will be both a combination of commercial and concessional loans, according to sources.

The Economic Affairs Ministry proposed 1% rate while Ministry of Railways was inclined to take the mix of commercial and concessional rate, subject to the condition that the average rate may remain lower than 2.38%, sources said.

However, Pakistan was expecting that due to strategic nature of the project, China would accept its request for 1% interest rate and a grace period of 10 years for repayment of the loan.

China has offered to finance 85% of the project cost with payback period of 15 to 20 years in biannual tranches. Sources said the Chinese had offered five years grace period.

Pakistan has asked for up to 90% of financing and was ready to accept 20 years repayment period, subject to the condition that the grace period should be 10 years.

“The Chinese side proposed that negotiations for financing must be only to the extent of package-1 consisting of $2.434 billion and the negotiation for remaining two packages will be undertaken during implementation phase of package-I,” according to the official documents.

Pakistani authorities pressed for negotiation for the total project cost of the ML-1. China has also offered financing in Chinese currency RMB.

Pakistan Railways is not in a position to pay salaries and pensions to its employees without cash injection from the federal government. Newly appointed Minister for Railways Azam Swati hinted at closing Pakistan Railways due to poor financial conditions.

According to the ML-1 framework agreement, the project will be executed in the engineering, procurement and construction mode by Chinese contractors. Under the CPEC framework, ML-1 is the only strategic project being finalised as part of the initial $46 billion deal.

The project faces significant delays and both the Pakistan Muslim League-Nawaz (PML-N) and Pakistan Tehreek-e-Insaf (PTI) governments could not meet the originally agreed deadlines.

Sources said that Pakistan’s desire to start work on the package-1 from January 2021 would remain unfulfilled due to delay in finalisation of financing details.

Pakistan had planned to complete the package-I from January 2021 to December 2024 and will cover the construction of a 527-km track between Peshawar, Rawalpindi and Lahore.

https://tribune.com.pk/story/2277059/ch ... b-new-loan

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Re: Pakistani Economic Stress Watch

Postby Parasu » 24 Dec 2020 19:10

https://www.brecorder.com/news/40044400 ... ans-assets

Mining company TTC approaches Virgin Islands court for enforcement of Reko Diq award against Pakistan


The Reko Diq case is now gradually entering Pakistan's much-abused body part.

If the near six billion award to Tehtyan is enforced, Pakistan will have to sell more than its donkeys and wimmen to China.
Last edited by Parasu on 24 Dec 2020 19:53, edited 1 time in total.

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Re: Pakistani Economic Stress Watch

Postby chetak » 24 Dec 2020 19:34

the true aukat of the porki pakis is hitting home now.

even their ummah brothers are now crapping on them

they are reviled, detested and abused in every country that they infest and their evil hand is revealed in every nefarious activity, everywhere around the globe.

surely, even they couldn't have missed this international vote of confidence for the cockroaches of the century.

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Re: Pakistani Economic Stress Watch

Postby g.sarkar » 25 Dec 2020 04:13

Things are not so bad financially in Pakistan. Once the population learns to eat grass, as promised by Bhutto, they can export rice and wheat to China. This is in addition to the women they are sending there, there is an acute shortage of women in China due to the one child policy. A win-win solution.
Gautam

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Re: Pakistani Economic Stress Watch

Postby Vips » 25 Dec 2020 05:12

Reko Diq case: British Virgin Islands high court attaches Pakistan’s assets.

Pakistan is faced with another setback on the international legal front as the British Virgin Islands high court ruled to attach certain assets belonging to the country’s institutions, sources revealed to The Express Tribune.

Sources informed that the British Virgin Islands high court passed an ex parte order on December 16 regarding the attachment of Pakistani institutions’ assets. In view of that order, Pakistan cannot sell these assets.

For the enforcement of the $6 billion award in the Reko Diq case, Tethyan Copper Company (TCC) has sought attachment of certain assets belonging to Pakistani institutions.

'Govt vigorously contesting matter'
Pursuant to the proceedings for the enforcement of the award before the high court of Justice in British Virgin Islands by TCC, the office of the Attorney General for Pakistan (AGP) has said that the government of Pakistan is vigorously contesting the matter with all legal resources available to it. Likeiwse, the government is also engaged in settling the matter actively.

Without prejudice to such engagement, it is reiterated that the government of Pakistan shall vigorously pursue proceedings initiated by the TCC in any jurisdiction and the government reaffirms its commitment to protecting national assets, wherever they may be located, says the statement issued by the AGP.

The International Center for Settlement of Investment Disputes (ICSID) on September 17 issued a 70-page order in which it was decided that the stay of enforcement of $6 billion award — the same forum rendered on July 12, 2019 — shall be continued on a conditional basis.

The order said Pakistan shall provide an “unconditional and irrevocable” bank guarantee or the LC for 25 per cent of the award, plus accrued interest as of the date of the decision. The guarantee or the LC was to come from a reputable international bank based outside of Pakistan, which was pledged in favour of the claimant — Tethyan Copper Company (TCC) — and to be released on the order of the ICSID.

The ICSID also held that if Pakistan could not furnish the security and undertaking in terms as set out within 30 days after notification of the decision, the stay of enforcement in the amount of 50 per cent of the award, plus accrued interest as of the date of the decision would be lifted. However, Pakistan missed the deadline and did not deposit 25 per cent bank guarantee (Of course what else do you expect from a Paki or Paki government?)

Out of court settlement
Pakistani authorities are hopeful that the country will reach an out of court settlement with the TCC next year. Senior lawyers are of the opinion that the claimant company has no choice but to reach out for an out of court settlement as Pakistan has very limited assets abroad. (Only shameless pakistanis can take satisfaction from the fact that they do not have enough assets to cover their bills and expenses)

The TCC had initially claimed $11.43 billion in damages for the termination of their contract but Pakistan’s incumbent legal team was able to restrain the sum to $4.08 billion.

In 2012, the TCC filed a claim for international arbitration before the ICSID of the World Bank. The litigation carried on for seven years. Former chief justice of Pakistan Iftikhar Chaudhary’s judgment in the Reko Diq case was the first in the previous government’s tenure. The current Pakistan Tehreek-e-Insaf (PTI) led government has already spent $10 million as legal expenditures on this case.

Many senior lawyers have been critical of the former CJP’s judgments which in the ensuing years have caused trouble for policymakers and stirred concerns amid international investors.

A senior official revealed that the “misstatement” of scientist Dr Samar Mubarakmand before the tribunal was one of the main reasons behind the ICSID slapping the heavy penalty on Pakistan. Dr Samar had claimed that the Reko Diq gold mines would fetch the country around $2.5 billion annually. He had also maintained that Reko Diq and other gold reserves in the country will bring in $131 billion to the national exchequer. The tribunal relied on his statement. (This 'scientist' had a nice scam going, he promised free electricity to pakistan and got millions of dollars funding for research on 'producing Power from coal' - Thar Coal Project. In the end he blew Rs 400 billion with nothing to show for the money invested :rotfl:

Three different international firms were hired to plead the case before the ICSID. Cherie Blair, the wife of former UK prime minister Tony Blair, was leading Pakistan’s first legal team. Renowned lawyer Ahmar Bilal Sufi was assigned the task of hiring the team. (Mashallah lots of kick backs made in $$ )

During the tenure of the Pakistan Muslim League-Nawaz government, then AGP Salman Aslam Butt had hired an international firm, Alen and Avery.
However, Alen and Avery was unable to find evidence of corruption in the contract between Pakistan and the TCC. Later, ex-AGP Ashtar Ausaf Ali engaged an American firm, GST, in the quantum stage. Only $1 million was paid to it. The firm raised 11 arguments of which seven were accepted at the quantum stage.

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Re: Pakistani Economic Stress Watch

Postby Bart S » 25 Dec 2020 05:33

Vips wrote:A senior official revealed that the “misstatement” of scientist Dr Samar Mubarakmand before the tribunal was one of the main reasons behind the ICSID slapping the heavy penalty on Pakistan. Dr Samar had claimed that the Reko Diq gold mines would fetch the country around $2.5 billion annually. He had also maintained that Reko Diq and other gold reserves in the country will bring in $131 billion to the national exchequer. The tribunal relied on his statement. (This 'scientist' had a nice scam going, he promised free electricity to pakistan and got millions of dollars funding for research on 'producing Power from coal' - Thar Coal Project. In the end he blew Rs 400 billion with nothing to show for the money invested :rotfl:


The guy is a raving nutjob. He also supported the 'water car' that was 'invented' by some Paki fraud:
https://tribune.com.pk/story/416542/the-water-car-fraud
http://herald.dawn.com/news/1152780

Interestingly, so did Xerox Khan.

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Re: Pakistani Economic Stress Watch

Postby manjgu » 25 Dec 2020 09:34

if Reko Diq is indeed the promised 'gold pot' then 6B USD is small change for Chinis to shell out for a 100 yr lease..no questions asked ! ? distress sale

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Re: Pakistani Economic Stress Watch

Postby g.sarkar » 25 Dec 2020 11:17

https://tribune.com.pk/story/2277059/ch ... b-new-loan
China seeks additional guarantees for $6b new loan
Proposes a mix of commercial and concessional loan against Islamabad’s desire to secure cheapest lending
Shahbaz Rana, December 23, 2020
ISLAMABAD:
China has sought additional guarantees before sanctioning $6 billion loan for Main Line-1 (ML-1) project due to weakening financial position of Pakistan and also proposed a mix of commercial and concessional loan against Islamabad’s desire to secure the cheapest lending.
The issue of additional guarantees was raised during the third joint ML-1 financing committee meeting, held ten days ago, official documents said.
However, a senior Pakistani official involved in negotiations said that China did raise the additional guarantees issue during meeting but it did not make it part of the draft of the minutes shared with Pakistan.
The ML-1 project includes dualisation and upgrading of the 1,872km railway track from Peshawar to Karachi and is a major milestone for the second phase of China-Pakistan Economic Corridor (CPEC). The purpose of raising the additional guarantees issue was getting more clarity after Pakistan availed G-20 countries debt relief initiative, he added. The draft minutes have not yet been signed by both the countries.
The third round of financial negotiations gave further clarity on the Chinese position on $6 billion lending for the $6.8 billion strategically important ML-1 project of Pakistan Railways, sources in the Ministry of Economic Affairs said. The Chinese authorities asked for additional guarantee mechanism after Islamabad sought debt relief from G-20 countries, which was only meant for poorest nations of the world. The G-2- nations have also imposed conditions that the poor countries would not secure expensive commercial loans, except those allowed under the IMF-WB framework.
.....
Gautam

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 25 Dec 2020 11:33

I don't know what you guys are talking about, Paki Rupee is pretty strong at 160 to the USD for 1.5 years, it not like it has suddenly devalued to 210 to 220 to the USD all of a sudden.

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Re: Pakistani Economic Stress Watch

Postby Parasu » 26 Dec 2020 20:04

https://tribune.com.pk/story/2277252/pa ... o-diq-case

To prove that Tethyan was invlved in corruption so that they can wiggle out of paying them, the Pakistanis did what they know best.

“Taking into account that NAB started to interview the seven individuals identified by the local group of experts as well as further individuals in July 2015 and obtained in the course of August and September 2015 so-called Section 161 statements from the individuals that Pakistan presented as witnesses in this arbitration in which each of them confessed to having been directly involved in corruption.
“It is indeed remarkable that as far as the tribunal has been informed, NAB has to date not initiated a prosecution against any of these individuals. The tribunal also feels the need to record its concern as regards the timing and context in which the evidence was produced,” said the verdict.
It noted that NAB did not allow for an inspection of the diary outside Pakistan and then refused Pakistan’s own expert LaPorte to perform the very analysis for which he had been retained, ie, an ink-dating analysis, which could have positively proven that two of the relevant entries in the diary were made in 2015 rather than in 2008 and thus that the evidence would have been fabricated.


A nation of cheats and frauds!!!

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Re: Pakistani Economic Stress Watch

Postby sanjaykumar » 27 Dec 2020 00:36

They are doing well where it matters for them.

Ctrl F shows 14 uses of the term India on the web page of Dawn for the day https://www.dawn.com/

The Hindustan Times web page has no instance of use of the word Pakistan. https://www.hindustantimes.com/


If only India could be so focused, they would be a shuper pawar.

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Re: Pakistani Economic Stress Watch

Postby Rsatchi » 01 Jan 2021 01:24

https://tribune.com.pk/story/2278160/uk ... n-accounts
How are they going pay all these court ordered refunds/fines etc
Already running around with begging bowl
What will they mortgage next??
What will the chini's ask for???
https://youtu.be/b4OQUnrIbt8
Hajam Sethi is painting a pretty bleak picture
If the state breaks into seven parts (for arguments sake) should we absorb any of them or none at all!

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Re: Pakistani Economic Stress Watch

Postby gpurewal » 01 Jan 2021 01:55

Rsatchi wrote:https://youtu.be/b4OQUnrIbt8
Hajam Sethi is painting a pretty bleak picture
If the state breaks into seven parts (for arguments sake) should we absorb any of them or none at all!


Some border states might want to reclaim territories before the partition like Punjab (Sikhs will push for it), Rajasthan, and Gujarat. Heck, annexing Azad Kashmir into Kashmir will probably be desired as well.

Personally, I say leave it, since it's all toxic assets now. The more pressing concern will be dismantling the nuclear infrastructure in the failed state, so that the weapons, materials, and technologies don't fall into the wrong hands. Maybe teaming up with the USA to perform this would do wonders to further strengthening ties.

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Re: Pakistani Economic Stress Watch

Postby sanjaykumar » 01 Jan 2021 02:05

Lahore to Punjabi northern territories to Ladakh Thar desert to Rajasthan and Gujarat. Baluchistan as an Indian protectorate for 20 years then they can decide on merger with India or independence. The toxic assets are well known. They should have the privilege of fending for themselves.

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 01 Jan 2021 07:05

sanjaykumar wrote:Lahore to Punjabi northern territories to Ladakh Thar desert to Rajasthan and Gujarat. Baluchistan as an Indian protectorate for 20 years then they can decide on merger with India or independence. The toxic assets are well known. They should have the privilege of fending for themselves.

Better sone ISIS Bush wars are fought in say Turkey where with lot inducements these toxic assets go there voluntarily and finish themselves, those who can live under proper human laws can stay.

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Re: Pakistani Economic Stress Watch

Postby g.sarkar » 01 Jan 2021 08:16

gpurewal wrote:
Rsatchi wrote:https://youtu.be/b4OQUnrIbt8
Hajam Sethi is painting a pretty bleak picture
If the state breaks into seven parts (for arguments sake) should we absorb any of them or none at all!

Some border states might want to reclaim territories before the partition like Punjab (Sikhs will push for it), Rajasthan, and Gujarat. Heck, annexing Azad Kashmir into Kashmir will probably be desired as well.
Personally, I say leave it, since it's all toxic assets now. The more pressing concern will be dismantling the nuclear infrastructure in the failed state, so that the weapons, materials, and technologies don't fall into the wrong hands. Maybe teaming up with the USA to perform this would do wonders to further strengthening ties.

Sikh holy sites must be assimilated. Otherwise, the rest of Pak Punjab is toxic.
Gautam

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Re: Pakistani Economic Stress Watch

Postby gpurewal » 01 Jan 2021 16:45

g.sarkar wrote:
gpurewal wrote:Some border states might want to reclaim territories before the partition like Punjab (Sikhs will push for it), Rajasthan, and Gujarat. Heck, annexing Azad Kashmir into Kashmir will probably be desired as well.
Personally, I say leave it, since it's all toxic assets now. The more pressing concern will be dismantling the nuclear infrastructure in the failed state, so that the weapons, materials, and technologies don't fall into the wrong hands. Maybe teaming up with the USA to perform this would do wonders to further strengthening ties.

Sikh holy sites must be assimilated. Otherwise, the rest of Pak Punjab is toxic.
Gautam


That would mean the creation of enclaves, since the holy sites are spread all over. Unless you mean annexing the holy site and the lands between them?

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Re: Pakistani Economic Stress Watch

Postby g.sarkar » 02 Jan 2021 08:19

gpurewal wrote:
g.sarkar wrote:Sikh holy sites must be assimilated. Otherwise, the rest of Pak Punjab is toxic.
Gautam

That would mean the creation of enclaves, since the holy sites are spread all over. Unless you mean annexing the holy site and the lands between them?

No enclaves, enclaves just create problems for future. We can not annex something that has always belonged to us, I do not like that word annex, that is why I used assimilated. We should peacefully make it their worthwhile to join India. I am sure the inhabitants of that area will agree. This can be done by moving the border Westward and truncating the Pak Punjab. Such a truncated smaller Pak Punjab will not be threat to Baluchistan, Sindhudesh and re-united Kashmir.
Gautam

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Re: Pakistani Economic Stress Watch

Postby ramana » 18 Jan 2021 10:36

Looks like Pak economy is collapsing and no monitoring here.

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Re: Pakistani Economic Stress Watch

Postby Paul » 18 Jan 2021 10:48

It is not being being prominent coverage in the media.....furthermore everyone is obsessed with Biden inaguration.

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Re: Pakistani Economic Stress Watch

Postby vimal » 18 Jan 2021 11:07

ramana wrote:Looks like Pak economy is collapsing and no monitoring here.


I'm not surprised given arapi abbus have stopped paying the pukes but what is the source of such immediate news?

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Re: Pakistani Economic Stress Watch

Postby Aditya_V » 18 Jan 2021 12:01

ramana wrote:Looks like Pak economy is collapsing and no monitoring here.


On what basis do you say this, Paki Ruppee is stable, there is nothing unstable like food riots ir anything, no culling of the population to keep Rape's safe.

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Re: Pakistani Economic Stress Watch

Postby Yagnasri » 18 Jan 2021 13:41

Who will not continue to pay the cost of the Paki nation?. BIF slowly wants to push that on us. The plea for Vaccine from Bharat is one small steps. For decades BIF was pedaling the idea that collapse and division of the pakis is not in the interested of the Bharat. Soon that same will also be tried. But fortunately for us no on is buying that.

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Re: Pakistani Economic Stress Watch

Postby Manish_P » 18 Jan 2021 19:30

Peregrine has not posted here for a long time? Miss his updates. He kept a hawk eye on Paki economy

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Re: Pakistani Economic Stress Watch

Postby Ambar » 18 Jan 2021 20:09

ramana wrote:Looks like Pak economy is collapsing and no monitoring here.


They are stable as of now. Their external debt is around 118 billion USD ( we are at around 563 billion USD ), so as a % of their GDP it is not alarming. The paki rupee has been surprisingly stable and rallied around 8% against USD in the 2nd half of 2020. Overall they'll continue to live on the edge as usual, infact they may see an uptick in their fortune in the hope that the new administration in Washington will increase the aid.

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Re: Pakistani Economic Stress Watch

Postby Najunamar » 18 Jan 2021 21:38

How come all the judgements ($4B in that gold mine scam) and assorted Paki deals with China don't show up in the form of ballooning external debt? Does it not factor there or is there a delay of 1 or 2 years?


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