Sir ji, I have been waiting and waiting for TSP to declare bankruptcy. Always seemed so close. Damn, the Pakis are doing a revenge Mauka, Mauka on us.
Pakistani Economic Stress Watch
Re: Pakistani Economic Stress Watch
Re: Pakistani Economic Stress Watch
https://www.arabnews.com/node/2362011/pakistan
Mosques telling people to not pay electric bills. People burning electricity bills on streets
Mosques telling people to not pay electric bills. People burning electricity bills on streets
Re: Pakistani Economic Stress Watch
AoA, also must teach electricity providers a lesson, KFC them!
Re: Pakistani Economic Stress Watch
Come on Aam abduls, tear these generators apart.
Re: Pakistani Economic Stress Watch
If u believe the paki eggsperts Brian Lara’s 500 is the target. Kabul rate is already hovering around 330 - 340
Re: Pakistani Economic Stress Watch
Re: Pakistani Economic Stress Watch
I think after following this drama for some months I am beginning to understand the various rates here. Following is my theory of the rates:
1. Inter-bank rate - the official rate of what the government wants the rupee to be. Has little bearing on reality, and certainly not useful for any currency conversions unless you are extremely connected, such as being one of the boyz. Of course exporters who receive dollars are given rupees based on the inter-bank rate. Importers? read on
2. Open-market rate - this is the real rate for legitimate currency conversion such as by folks who need the dollars, such as importers of goods and services. This is also the rate for legitimate purposes such as education and travel. This rate is used by currency exchanges who are sort of regulated by the government. While it is called "open market", even getting this rate is subject to paperwork.
3. Grey-market rate - this is the exchange rate for unregulated sectors, i.e. whoever wants dollars no matter what the purpose. This could be because they don't want to hold on to PKR, or to carry above-allowance foreign currency overseas, or to fund illegitimate purchases. Grey market is several rupees above open-market rates but if you are an importer it may be advantageous to go with grey market rates and under-invoice to reduce import duties (btw this happens in India too).
4. Kabul rate - spot rate for PKR overseas, Kabul being an all-weather destination is used as a label here; similar rates also available in Dubai and Bradfordistan.
IMF wants Pak govt to ensure open-market and inter-bank rates are within a small band. But letting inter-bank slip out of control is not something the interim government wants, so open-market continues to rise to better reflect the reality. I think they could temporarily fix it by pushing the inter-bank rate up by 20 rupees or so, shocking all short positions for several months while ensuring exporters are better rewarded for their efforts and incentivizing them to bring dollars back. Will it happen? Probably not.
1. Inter-bank rate - the official rate of what the government wants the rupee to be. Has little bearing on reality, and certainly not useful for any currency conversions unless you are extremely connected, such as being one of the boyz. Of course exporters who receive dollars are given rupees based on the inter-bank rate. Importers? read on
2. Open-market rate - this is the real rate for legitimate currency conversion such as by folks who need the dollars, such as importers of goods and services. This is also the rate for legitimate purposes such as education and travel. This rate is used by currency exchanges who are sort of regulated by the government. While it is called "open market", even getting this rate is subject to paperwork.
3. Grey-market rate - this is the exchange rate for unregulated sectors, i.e. whoever wants dollars no matter what the purpose. This could be because they don't want to hold on to PKR, or to carry above-allowance foreign currency overseas, or to fund illegitimate purchases. Grey market is several rupees above open-market rates but if you are an importer it may be advantageous to go with grey market rates and under-invoice to reduce import duties (btw this happens in India too).
4. Kabul rate - spot rate for PKR overseas, Kabul being an all-weather destination is used as a label here; similar rates also available in Dubai and Bradfordistan.
IMF wants Pak govt to ensure open-market and inter-bank rates are within a small band. But letting inter-bank slip out of control is not something the interim government wants, so open-market continues to rise to better reflect the reality. I think they could temporarily fix it by pushing the inter-bank rate up by 20 rupees or so, shocking all short positions for several months while ensuring exporters are better rewarded for their efforts and incentivizing them to bring dollars back. Will it happen? Probably not.
Re: Pakistani Economic Stress Watch
https://www.dawn.com/news/1773244/blood ... ncertainty
Bloodbath at PSX as jittery investors jettison shares over ‘weakening rupee, economic uncertainty’
Talqeen Zubairi, August 31, 2023
Stocks suffered losses for the fifth straight session on Thursday, bleeding more than 1,700 points on the back of rumours of a hike in interest rates, economic uncertainty, and the unrelenting depreciation of the rupee.
The bourse stayed flat for 10 minutes after the opening bell. However, at 9:40am, the market began its gradual slide with the KSE-100 eventually losing 659 points by 12:00pm, sinking to 45,584.62. After 2:50pm, the market plunged steeply — by 1,784.93 points — to reach a low of 44,459.62. When trading closed, it corrected itself to 45,002.41, down 1,242.14 points, or 2.69pc from the previous day’s 46,244.55.
The last time the market plunged so sharply (by over 1,500 points by day’s end) was after then-prime minister Shehbaz Sharif’s announcement of a 10pc “super tax“ on large-scale industries in June 2022.
Intermarket Securities’ Equity head Raza Jafri told Dawn.com that the KSE-100 continued to be under severe selling pressure owing to a lack of confidence emanating from a weak economy, particularly the depreciating rupee.
“While value buyers may return if the dip extends, meaningful valuation rerating needs clarity to return,” he added.
Arif Habib Corp analyst Ahsan Mehanti echoed Jafri’s viewpoint, saying stocks fell across the board on economic uncertainty amid a slump in the rupee and a likely hike in interest rates owing to high inflation.
“The caretaker finance minister’s assertion of a lack of fiscal capacity to give relief on power bills and concerns for unresolved circular debt crises in the power sector played a catalyst role in [yesterday’s] bearish close,” he said.
The market had witnessed a sharp drop after rumours circulated that the State Bank of Pakistan was set to convene an emergency meeting in which it is expected to raise interest rates by up to 300bps, noted JS Global in its daily report.
......
Gautam
Bloodbath at PSX as jittery investors jettison shares over ‘weakening rupee, economic uncertainty’
Talqeen Zubairi, August 31, 2023
Stocks suffered losses for the fifth straight session on Thursday, bleeding more than 1,700 points on the back of rumours of a hike in interest rates, economic uncertainty, and the unrelenting depreciation of the rupee.
The bourse stayed flat for 10 minutes after the opening bell. However, at 9:40am, the market began its gradual slide with the KSE-100 eventually losing 659 points by 12:00pm, sinking to 45,584.62. After 2:50pm, the market plunged steeply — by 1,784.93 points — to reach a low of 44,459.62. When trading closed, it corrected itself to 45,002.41, down 1,242.14 points, or 2.69pc from the previous day’s 46,244.55.
The last time the market plunged so sharply (by over 1,500 points by day’s end) was after then-prime minister Shehbaz Sharif’s announcement of a 10pc “super tax“ on large-scale industries in June 2022.
Intermarket Securities’ Equity head Raza Jafri told Dawn.com that the KSE-100 continued to be under severe selling pressure owing to a lack of confidence emanating from a weak economy, particularly the depreciating rupee.
“While value buyers may return if the dip extends, meaningful valuation rerating needs clarity to return,” he added.
Arif Habib Corp analyst Ahsan Mehanti echoed Jafri’s viewpoint, saying stocks fell across the board on economic uncertainty amid a slump in the rupee and a likely hike in interest rates owing to high inflation.
“The caretaker finance minister’s assertion of a lack of fiscal capacity to give relief on power bills and concerns for unresolved circular debt crises in the power sector played a catalyst role in [yesterday’s] bearish close,” he said.
The market had witnessed a sharp drop after rumours circulated that the State Bank of Pakistan was set to convene an emergency meeting in which it is expected to raise interest rates by up to 300bps, noted JS Global in its daily report.
......
Gautam
Re: Pakistani Economic Stress Watch
SBajwa ji,
More than electricity, the paki bosses need these massive public protests to pressurize the IMF to ease off on the preconditions for the loans
they will be going back to the IMF/WB for years to come and the need for the pakis, including their rapacious army, to keep on the good side of the amrikis has hit home pretty hard
If Modi comes back for a third term, which is the most likely thing to happen, many woke and jihadi leaky boats on either side of the border, and also many aman ka tamasha wokes in both the countries will sink without a trace.
for the first time the congis have been publicly exposed for their perfidious support to the pakis, and the pakis are stranded without such covert and overt support not forthcoming to bail them out.
they have been badly buggered without access to Indian tomatoes, potatoes, onions, cooking oil, and other basic staples and the aam abdools and ayeshas are bearing the brunt of it, knowing fully well that it was the paki side that cut off all trade ties with India, leaving them like: धोबी का सुअर, न घर का, न घाट का
Re: Pakistani Economic Stress Watch
Finance minister of Pakistan has made a tax related proposal.
https://www.thenews.com.pk/print/110665 ... x-net-coas
https://www.thenews.com.pk/print/110665 ... x-net-coas
Money exchanges to be brought into tax net: COAS
Re: Pakistani Economic Stress Watch
Start of each week the eggsperts come up with creative explanations to explain the rise in the PSX... and every weekend they use one of the 2-3 standard reasons to explain the subsequent fall
Yawn - Stocks rally 400 points on assurance of transparency in forex rate
book their profits take their weekly salary.. as is happening for the past few months
Rinse and repeat
Yawn - Stocks rally 400 points on assurance of transparency in forex rate
At the end of the week the traders will bring the market down toThe Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained more than 400 points on Monday on the back of assurances by the army chief regarding ensuring transparency in the foreign exchange rate.
A day earlier, Chief of Army Staff (COAS) General Asim Munir met the business community at the Lahore Corps headquarters and assured them of bringing money exchanges under the purview of taxation, fostering transparency in dollar exchange and interbank rates.
Rinse and repeat
Re: Pakistani Economic Stress Watch
Paki army now openly running the government. No need for president [ his office is well versed in his signatures or the "parliament"
Re: Pakistani Economic Stress Watch
Sunni mullah screaming that surrounding 500km area will be turned into burial ground for rebellious Shias of Gilgit-Baltistan
https://twitter.com/TBalochCircle/statu ... 5552546302
https://twitter.com/TBalochCircle/statu ... 5552546302
Re: Pakistani Economic Stress Watch
Must read report on how Pakistan's chief economist plans to fix the economy.
https://www.dawn.com/news/1774148
That's the story of Hafiz Munir's visit to Saudi. $25 billion investment guaranteed. $10 billion USD-PKR exchange scheme finalized. A whopping $35 billion inflows and we are just getting started. UAE is up next.
https://www.dawn.com/news/1774148
What plans did army chief share with businessmen?
KARACHI: Amid a gloomy economic atmosphere and lingering wheat, cotton and dollar crisis, Army Chief General Asim Munir has signalled towards the country’s bright future in view of the upcoming huge foreign investments in various sectors.
In a four-hour meeting with some 50 businessmen on Saturday, the army chief said during his recent visit to Saudi Arabia he had informed Mohammad Bin Salman that he had not arrived here for a $1-2 billion investment into Pakistan.
Later, the Saudi prince assured the army chief of investing $25bn in Pakistan under the Special Investment Facilitation Council (SIFC) aimed at attracting investment in the agriculture sector by offering land and ensuring exports.
I am assuming he must have also given some ideas to the prince on what to do with $10 billion worth of toilet paper considering Pakistan's exports to Saudi is just $400 million (2021).Sources said the army chief has asked the Saudi prince to set aside $10bn to overcome the country’s foreign exchange issues which would be returned in rupees.
That's the story of Hafiz Munir's visit to Saudi. $25 billion investment guaranteed. $10 billion USD-PKR exchange scheme finalized. A whopping $35 billion inflows and we are just getting started. UAE is up next.
Another $35 billion from UAE guaranteed. $70 billion investment by just asking. Amazing Dr Hafiz Munir. Makes it look so easy.While referring to the meeting in the UAE, the army chief had also requested the UAE ruler to provide $10bn for improving foreign exchange reserves on which the UAE ruler had reportedly agreed. Another $25bn investment is also committed by the UAE ruler in case the army is with us.
phew! $100 billion dollars. mudi sud rejine.Gen Asim Munir also assured businessmen of bringing $25-30bn investment from Qatar and Kuwait in his next visit to improve the country’s economy. He said that he would try to bring a total of $75-100bn investment from Saudi Arabia, the UAE, Qatar and Kuwait.
Future DHA locations.A businessman, who attended the meeting, said that the army chief had also disclosed levelling of lands was being done in various areas of Punjab, Sindh and other provinces to encourage foreign investment in various crops.
I think it's a great hint that after his 6 year tenure, Hafiz Munir will make Bajwa look intelligent.Sources said Gen Asim had also hinted at not going towards the International Monetary Fund (IMF) for any new programme as the fund does not give any permission to work freely and an increase in power rates was also a part of the programme.
Re: Pakistani Economic Stress Watch
Patriotic Bakis must immediately burn Nike and Levis stores in bakistan to send a strong message
Yawn - Exporters send SOS amid dearth of fresh orders
Yawn - Exporters send SOS amid dearth of fresh orders
Exporters fear more declines as the textile sector, which accounts for over 60 per cent of the country’s overall export earnings, is not getting fresh orders while India is aggressively lobbying for GSP+ status which could replace Pakistan in the European market.
“We are not getting new orders for exports. We are working on orders in the pipeline which means the coming months will see a sharp decline in overall exports,” warned Jawed Bilwani, Vice-Chairman of Businessmen Group and a leading textile exporter.
Mr Bilwani, however, regretted that the government had not made any effort to fail the Indian move. “Pakistan is nowhere in competition with India but a GSP+ status means loss of over $8 bn European market to New Delhi,” he feared.
Recently, a top Pakistani exporter had to face an odd situation when newly appointed Indian procurement in-charges of Nike and Levis stopped procurement from Pakistan and started procurement from India leaving the Pakistani company in shock. The company lost a business of over $300m.
Re: Pakistani Economic Stress Watch
The article posted by partha ends with this whopper that shows the level of entitlement they have:
“Gen Asim Munir looks firm and optimistic to bring huge foreign investment from our Muslim countries and it will certainly make a difference in economic indicators,” he said.
Re: Pakistani Economic Stress Watch
So the opposition alliance here I.N.D.I.A can stand in election there hain?vera_k wrote: ↑06 Sep 2023 00:23 Pakistan economy will suar now.
Pakistan may lay claim on name 'India'
Re: Pakistani Economic Stress Watch
Why would they stand for election there, they are already in power there!
Re: Pakistani Economic Stress Watch
vera_k wrote: ↑06 Sep 2023 00:23 Pakistan economy will suar now.
Pakistan may lay claim on name 'India'
After defining themselves as Not Hindu, not India, I would like o see that happen.
Re: Pakistani Economic Stress Watch
Actually, they would do that pretty happily. It gels with their view that "India" is the entity that they (the Arabs) molded out of the barbarous pre-Islamic subcontinental mess. They only defined themselves as "not India," because the pre-Islamic mess cunningly appropriated the name of "India" for themselves. They would be very happy to define themselves as "India" and not "Bharat," if it comes to that. In fact, they would celebrate it as an incremental psychological step forwards - "India" now becomes "civilized," and the next step onwards would be to tame "Bharat."
But then they would also try and lay claim to all of the accomplishments which the pre-Islamic mess previously achieved under the name of "India." Such as CY3.
Re: Pakistani Economic Stress Watch
^^ he is the second comming of Zia . Will take the pakis to desert age
Re: Pakistani Economic Stress Watch
https://www.dawn.com/news/1774344/a-state-of-illusions
A state of illusions
Zahid Hussain, September 6, 2023
WE are living in a world of illusions. While the country is fast hurtling towards an economic meltdown, we are told that our bad days are over, with billions of dollars in investment soon expected to be pouring into the country that would change our fortunes.
The caretaker prime minister says that Saudi Arabia will be investing $25bn in the country over the next five years, while the army chief is reported to have reassured a group of businessmen that Pakistan has the potential to attract up to $100bn in investments from countries such as Saudi Arabia, the UAE, Kuwait and others to alleviate the suffering of the Pakistani people.
There is a sense that the army leadership is on a mission to steer the country towards a new era of economic prosperity, by fixing everything — from containing the dollar to stopping smuggling and eradicating corruption in the next few months.
It believes that the recently formed Special Investment Facilitation Council will be able to bring in investments in the energy, IT, minerals, defence and agriculture sectors. The SIFC structure, which includes the COAS as well as other military representatives in key roles, aims to take a “unified approach” to get the country out of the current state of economic turmoil in which it finds itself.
However, it appears to be part of the game of illusions long played by our ruling elite. For a number of years, it was the China-Pakistan Economic Corridor that was supposed to be a game changer for the country. But after tens of billions of dollars of Chinese investment, the country’s economic plight has continued to slide. The promise of change never materialised, despite the massive inflow of finances over the years.
While the CPEC project at least has something to show for it in terms of some infrastructure and power sector development, mobilising $100bn in investment is a pipe dream, especially as there is no indication so far that the Gulf sheikhdoms have started looking at a country riven by multiple crises as a lucrative investment destination. Notwithstanding some of them acquiring interests in certain state-owned ventures being offered for disinvestment, there is no tangible commitment to invest in new projects.
But our caretaker prime minister is euphoric about the prospect of $25bn in Saudi investment coming in various sectors, particularly in mining, agriculture and information technology, in the next two to three years. One can only wait to see such a wonder happening that could change the fortunes of a country struggling to keep itself afloat amid a massive foreign debt burden and looming stagflation.
Curiously, the civil and military leadership never gets tired of hyping Pakistan’s rich untapped mineral resources. Their latest estimate is that the country is sitting on precious minerals valued up to $6 trillion. One former minister in the previous government got very excited during a TV talk show, claiming that the amount was only the value of the ‘dust’ and the real worth of the untapped minerals was far more. There is no limit to such absurdities that come in plenty, even at a time of extreme gloom.
It was not surprising that the pep talk delivered to the select group of businessmen leaked to the media has evoked a mixed response. Some elements in the media were quick to eulogise the COAS for ‘leading from the front’ in a bid to take the country to economic recovery.
...... (More Rona-dhona, so I stop)
Gautam
A state of illusions
Zahid Hussain, September 6, 2023
WE are living in a world of illusions. While the country is fast hurtling towards an economic meltdown, we are told that our bad days are over, with billions of dollars in investment soon expected to be pouring into the country that would change our fortunes.
The caretaker prime minister says that Saudi Arabia will be investing $25bn in the country over the next five years, while the army chief is reported to have reassured a group of businessmen that Pakistan has the potential to attract up to $100bn in investments from countries such as Saudi Arabia, the UAE, Kuwait and others to alleviate the suffering of the Pakistani people.
There is a sense that the army leadership is on a mission to steer the country towards a new era of economic prosperity, by fixing everything — from containing the dollar to stopping smuggling and eradicating corruption in the next few months.
It believes that the recently formed Special Investment Facilitation Council will be able to bring in investments in the energy, IT, minerals, defence and agriculture sectors. The SIFC structure, which includes the COAS as well as other military representatives in key roles, aims to take a “unified approach” to get the country out of the current state of economic turmoil in which it finds itself.
However, it appears to be part of the game of illusions long played by our ruling elite. For a number of years, it was the China-Pakistan Economic Corridor that was supposed to be a game changer for the country. But after tens of billions of dollars of Chinese investment, the country’s economic plight has continued to slide. The promise of change never materialised, despite the massive inflow of finances over the years.
While the CPEC project at least has something to show for it in terms of some infrastructure and power sector development, mobilising $100bn in investment is a pipe dream, especially as there is no indication so far that the Gulf sheikhdoms have started looking at a country riven by multiple crises as a lucrative investment destination. Notwithstanding some of them acquiring interests in certain state-owned ventures being offered for disinvestment, there is no tangible commitment to invest in new projects.
But our caretaker prime minister is euphoric about the prospect of $25bn in Saudi investment coming in various sectors, particularly in mining, agriculture and information technology, in the next two to three years. One can only wait to see such a wonder happening that could change the fortunes of a country struggling to keep itself afloat amid a massive foreign debt burden and looming stagflation.
Curiously, the civil and military leadership never gets tired of hyping Pakistan’s rich untapped mineral resources. Their latest estimate is that the country is sitting on precious minerals valued up to $6 trillion. One former minister in the previous government got very excited during a TV talk show, claiming that the amount was only the value of the ‘dust’ and the real worth of the untapped minerals was far more. There is no limit to such absurdities that come in plenty, even at a time of extreme gloom.
It was not surprising that the pep talk delivered to the select group of businessmen leaked to the media has evoked a mixed response. Some elements in the media were quick to eulogise the COAS for ‘leading from the front’ in a bid to take the country to economic recovery.
...... (More Rona-dhona, so I stop)
Gautam
Re: Pakistani Economic Stress Watch
https://tribune.com.pk/story/2434820/go ... t-approach
This is the earliest signal pointing to the possibility of Pakistan not honoring IMF agreement once again.
When Munir brings $100 billion from Gulf, economy will sky rocket and land of south pole of the moon.Govt seeks to ‘jumpstart’ economy, adopt ‘whole-of-govt’ approach
Ministers brief media over steps discussed in 5th meeting of SIFC’s apex committee presided over by PM Kakar
So far the SIFC's purpose has been serving well. Lots of chai samosa meetings.The press conference was held following the fifth meeting of the Special Investment Facilitation Council (SIFC)’s apex committee held today with a singular focus to improve the overall business and investment environment in the country being imperative for ‘economic revival’.
Misuse by who? IMF?"We respect international agreements [with global lenders] and we will uphold them,” emphasised Solangi. “However, if any misuse of these agreements is detected, we will also engage in discussions to address those concerns,” he added.
This is the earliest signal pointing to the possibility of Pakistan not honoring IMF agreement once again.
Lot of buzzwords so this plan will work. They missed including blockchain.“It was decided [during the meeting] to adopt ‘whole-of-government approach’ to the finance ministry’s various divisions and would operate holistically [and] consistently as a team,” she added.
This should result in more meetings and hence quick jumpstarting of the economy.She said that cabinet committees have been established, and comprehensive discussions are underway to expedite financial inclusion during the restructuring phase.
Good solid description of the problems without highlighting any solution.Moreover, Power Minister Mohammad Ali shared insights into the energy sector, outlining three key areas of focus including reducing the cost of electricity production, curbing electricity theft, and addressing reduced capacity charges.
“We have to improve governance within distribution companies (DISCOs) and strengthen their boards,” he added.
Ali emphasised the need to address the significant losses, which amount to over Rs300 billion in the petroleum and gas sector, saying that Pakistan used to lose Rs1,000 billion in this sector in the past.
"There is a gas shortage in the country, so we have to depend on imported LNG. We currently have two terminals," Ali explained. "In the future, we will need to install more LNG terminals, reduce circular debt, and focus on exploring new reserves for oil and gas."
Re: Pakistani Economic Stress Watch
I think Bajwa's geoeconomics plan was better than Munir's SIFC and 'whole-of-government approach' plans.
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Re: Pakistani Economic Stress Watch
‘How will I pay?’: Steep power bills, rising inflation hit Pakistan’s poor
Reading the article, you can see how average family has 4-5 kids. A fuel hikes means the entire economy starts to stall.
Jobs vanish. And forces families to take drastic measures...like 1 meal a day. Stunting, malnutrition, starvation will just permeate from the lower to the middle class now.
Medicine prices likely to be increased by 350pc
And as expected , when you have a shortage of dollars, imports of critical medicines also takes a hit.
Its playing out well.
And these neanderthal barbaric pea brained fools wanted Kashmir.
I can only think of Girija Tikoo at this point. Some 30 years of pent up anger isnt going anytime soon...not even when I see rotting corpses in the streets okPak.
Reading the article, you can see how average family has 4-5 kids. A fuel hikes means the entire economy starts to stall.
Jobs vanish. And forces families to take drastic measures...like 1 meal a day. Stunting, malnutrition, starvation will just permeate from the lower to the middle class now.
Medicine prices likely to be increased by 350pc
And as expected , when you have a shortage of dollars, imports of critical medicines also takes a hit.
Its playing out well.
And these neanderthal barbaric pea brained fools wanted Kashmir.
I can only think of Girija Tikoo at this point. Some 30 years of pent up anger isnt going anytime soon...not even when I see rotting corpses in the streets okPak.
Re: Pakistani Economic Stress Watch
Jihadistans problems are due to non-halal 'Disco's... and they should bring in the beards to head the boards. Like humsaya mulk Aghanistan.
Re: Pakistani Economic Stress Watch
which book, Atmavik ji.
the paki army green book or the asmani....
the paki jernails are even more accomplished than rowdy rajan and his little gang of IMF liberandus
the crore kammandus do everything except fight
Re: Pakistani Economic Stress Watch
Asim Munir is a Hafiz so we know which book. Our rowdy rrr or MBA chidambram do not stand a chance in front of such piety
Re: Pakistani Economic Stress Watch
If pakis don’t have electricity they can use their atum bums to make electricity in isloo.
Re: Pakistani Economic Stress Watch
Pakistan International Airlines risks grounding 15 planes amid financial crisis
Islamabad: Pakistan International Airlines (PIA) is at risk of grounding 15 planes as it is yet to clear dues worth up to Rs 20 billion, Geo News reported.
Moreover, over 30 flights are likely to be suspended if the planes are grounded, according to the sources.
https://www.defencenews.in/2023/09/paki ... al-crisis/
Islamabad: Pakistan International Airlines (PIA) is at risk of grounding 15 planes as it is yet to clear dues worth up to Rs 20 billion, Geo News reported.
Moreover, over 30 flights are likely to be suspended if the planes are grounded, according to the sources.
https://www.defencenews.in/2023/09/paki ... al-crisis/
Re: Pakistani Economic Stress Watch
^^ What need of planes do the djinn power people need. They already conquered moon on their flag.
Re: Pakistani Economic Stress Watch
In the name of Allawh and to seek Jahnat, they created Jahnum for others on this blessed earth since ages. And Allawh will give them Jahnum.
I shudder what they will have to go through to even release an year of of pentup anger, some of the pentup anger will never go away and not just them, but their descendents will have to pay and they will be cursing their four-fathers for eternity ...
Re: Pakistani Economic Stress Watch
PKR is below 300. did Ishaq dar return to peg the pkr ?