Pakistani Economic Stress Watch

chetak · Post by **chetak** » 23 Feb 2022 16:02

srin wrote:Ignoring IK and being indifferent to his blabberings is the best thing we've done. He seems to need attention.

Even otherwise, IK meeting NaMo goes against the diplomatic protocol of meeting equals. NaMo is the head of Govt of India, IK is the nominee of Pakistan Army Chief, essentially a spokesperson. IK's equivalent is some GoI spokesperson. Anyway, IK will be discarded as used tissue any moment. Not sure if there is some lamp post being readied in Pindi with his name written on it.

you would have noticed that the deranged paki NSA moeed yusuf, that scatterbrained, blabbermouthed moron is maintaining a studied silence

I am sure that someone over there has squeezed his tiny testimonials rather tightly and shut him up.

some utterly unknown paki babooze is pushing this trade with India thingee so there is an element of plausible deniability that is being built in by the pakis.

wait for the presstitutes, soldout reporters, commies, congis, khalistanis, and the lootyens wokes to get going and work up the head of steam to try to move the powers that be in the govt.

why not the pakis get the cotton they covet and also more trade from the cheenis, their steadfast chaddi dosts. cotton, as well as more trade, can come via their famed karakoram highway with cheeni and paki drivers singing patriotic songs while they barrel down this marvel of highway engineering

After all, why do we forget that the cheenis do grow more cotton than India does, cotton that the pakis so desperately and urgently want to save their textile industry.

Pratyush · Post by **Pratyush** » 23 Feb 2022 16:18

Surprising to note that the INC media savvy people are opposed to a TV debate between Im the dim and NaMo.

chetak · Post by **chetak** » 23 Feb 2022 18:59

Pratyush wrote:Surprising to note that the INC media savvy people are opposed to a TV debate between Im the dim and NaMo.

my guess is that the congis are afraid that Modi will wipe the floor with niazi, if such a debate ever took place.

best for India to continue the "ignore" treatment and marginalize the pakis completely.

the pakis are seeking both equality and relevance in a bid to show their aukat on an international scale.

puncture that balloon by ignoring him and niazi is done for. He is sounding panicked and desperate

his appointment with the lampost is fast approaching.

Cyrano · Post by **Cyrano** » 23 Feb 2022 19:12

Who cares what charsi immydimmy spouts out of his Musharraf?
Like someone said, don't argue with idiots, they will drag you down to their level and beat you with experience.

chetak · Post by **chetak** » 23 Feb 2022 19:22

Cyrano wrote:Who cares what charsi immydimmy spouts out of his Musharraf?
Like someone said, don't argue with idiots, they will drag you down to their level and beat you with experience.

Also, why risk perceptional damage to Modi on the global arena for marginal gains at best.

Modi is doing just fine without niazi.

but something very strange is cooking in pukestan, FATF alone cannot explain the strange goings on.

Are the congis going to tank so badly in punjab that sidhu has no face to show anymore or is it going to be a hung assembly, completely freezing the pakis out with no Indian voices to prop them up

Manish_P · Post by **Manish_P** » 23 Feb 2022 19:42

Pratyush wrote:Surprising to note that the INC media savvy people are opposed to a TV debate between Im the dim and NaMo.

The PM has not accepted any debate challenges from the crown prince of INC. If he accepts debate of Im-the-dim then what will be value of the prince...

anupmisra · Post by **anupmisra** » 24 Feb 2022 23:42

NBP fined $55m by US authorities for anti-money laundering violations, compliance failures

The National Bank of Pakistan (NBP) has been fined more than $55 million by United States authorities for anti-money laundering violations and for repeated compliance failures, it emerged on Thursday.

The Federal Reserve Board announced a $20.4m penalty against the bank for anti-money laundering violations.

The Fed went on to say that NBP's US banking operations "did not maintain an effective risk management programme or controls sufficient to comply with anti-money laundering laws".

The NBP allowed serious compliance deficiencies in its NY branch to persist for years despite repeated regulatory warnings

Enforcement action was taken against the bank in 2016 in the form of a written agreement in which the NBP acknowledged the oversight and compliance deficiencies and agreed to remediate them, the statement said. However, the branch's condition and its risk management and compliance programmes continued to deteriorate.

These continued failures revealed that the branch’s senior management were unwilling or unable to promote a culture of compliance, adequate resources were not provided for compliance programmes, and the bank failed to adequately supervise the branch by allowing problems to worsen year after year. The conditions at the branch demonstrated severe weaknesses, and unsafe, unsound conditions requiring urgent restructuring

Harami link: https://www.dawn.com/news/1676842/nbp-f ... e-failures

rags · Post by **rags** » 25 Feb 2022 00:34

chetak wrote:
Pratyush wrote:Surprising to note that the INC media savvy people are opposed to a TV debate between Im the dim and NaMo.
my guess is that the congis are afraid that Modi will wipe the floor with niazi, if such a debate ever took place.

best for India to continue the "ignore" treatment and marginalize the pakis completely.

the pakis are seeking both equality and relevance in a bid to show their aukat on an international scale.

puncture that balloon by ignoring him and niazi is done for. He is sounding panicked and desperate

his appointment with the lampost is fast approaching.

Chetak Sir,
From delusions of grandeur, the Paki elite are seeing visions of "Somalian" type destiny awaiting them. One of the members in the previous posts, calculated the real personal income growth around -1% for aam pakis. Now in the first world, we are experiencing 10% inflation minimum. This will be a order of magnitude more in pukeland. Whatever the GOI did over the past 6 years is yielding results. We have also prepared for this implosion event by building "Great wall of India" complete with floodlights.
I suggest buying lots of popcorn and watching "Im the Dim" land in a country about go to war

. Is there a parallel in history to this level of stupidity?

srikandan · Post by **srikandan** » 25 Feb 2022 01:50

How nice, Pakis get a 35 million $ bill for hooking up with Russia at this time.

https://twitter.com/AdityaRajKaul/statu ... GshMYpAAAA

US Department of Financial Services announces $35 million penalty for National Bank of Pakistan for compliance failure, continuing business in an unsafe/unsound manner, disregard for financial regulatory warning and failure to comply with Anti-Money laundering program.

Anujan · Post by **Anujan** » 25 Feb 2022 04:36

The TV debate is in line with Pakistan's Piskology: Only perceptions matter to them, not reality.

You get to see frequent refrains like "India also has the same problems as Pakistan, but has better PR" and most Paki "intellectuals" talk about "narratives". It is not important for them to lose a bunch of soldiers, but important for them to not claim their bodies, because of echandee.

The TV debate is along the same lines.

Perhaps they should arrest and charge the 26/11 attackers as a show of good faith instead of chasing TV ratings?

Vips · Post by **Vips** » 25 Feb 2022 06:52

srikandan wrote:How nice, Pakis get a 35 million $ bill for hooking up with Russia at this time.

https://twitter.com/AdityaRajKaul/statu ... GshMYpAAAA

US Department of Financial Services announces $35 million penalty for National Bank of Pakistan for compliance failure, continuing business in an unsafe/unsound manner, disregard for financial regulatory warning and failure to comply with Anti-Money laundering program.

Seems Charsi Imran has inflated the amount to pocket the difference of $20 Million.

Pakistan ka matlab kya? kha, khuja, batti bujaa

Aditya_V · Post by **Aditya_V** » 25 Feb 2022 06:53

Was looking at the INR:PKR chart, from 2010 to 2017, PKR was gaining against the INR and then is going deeply south, I know CPEC and other factors have had some impact.

But I find 2 things strange. Pakis got hold of INR 500 and INR 1000 plates as reported by RBI around 2010 and there were a flurry of Paki printed currency as good as the original. The bombing wave in India from 2006 to 08 comes to a stop.

Post Demo in 2016, PKR after 9 months goes into a pretty deep downward spiral for 5 years

Vips · Post by **Vips** » 27 Feb 2022 23:56

Pakistan ready to whore itself again by ditching existing customer.

Amid growing economic woes and international isolation forcing over-reliance on China, Pakistani officials are ready to scrap the China-Pakistan Economic Corridor (CPEC) if the US could offer a similar deal, a news report said.

Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the CPEC if Washington could offer similar financial assistance, said Asia Times citing inside sources.

partha · Post by **partha** » 28 Feb 2022 00:56

Vips wrote:Pakistan ready to whore itself again by ditching existing customer.

Amid growing economic woes and international isolation forcing over-reliance on China, Pakistani officials are ready to scrap the China-Pakistan Economic Corridor (CPEC) if the US could offer a similar deal, a news report said.

Pakistani authorities who remain predisposed to the West have even offered to scrap or sideline the CPEC if Washington could offer similar financial assistance, said Asia Times citing inside sources.

What's interesting is that Indian press was the first to report this and till now the only press to carry this report. Neither Pakistani nor western media has reported this. Did Pakis deliberately leak this through Indian media to test the reaction of Chinese and Americans? If Chinese get angry, Pakis can easily dismiss the report as conspiracy by India to defame Pakistan.

Dilbu · Post by **Dilbu** » 28 Feb 2022 12:28

Pakistan heading towards record $20bn deficit mark

ISLAMABAD: All projections to curtail the rising current account deficit dashed to the ground in the wake of rising international prices; it is being feared that Pakistan is heading towards a historic record of $20 billion deficit mark. In the wake of the ongoing lingering war between Russia and Ukraine, it has multiplied the worries of Pakistan’s economic managers owing to rising POL and commodities prices in the international markets.

Pakistan’s former finance minister and renowned economist Dr. Hafeez A Pasha disclosed to The News that the current account deficit was heading towards a historic record by touching the $20 billion mark or 6 percent of Gross Domestic Product (GDP) for the current fiscal year. He said that the international prices were witnessing skyrocketing trends and now the CAD would witness more pressure with the possibility of touching a historic high. He said that the CAD had already touched the $11.6 billion mark in the first seven months of the current fiscal year and now it was projected that it might go up to unprecedented levels of $20 billion mark against $19 billion in the fiscal year 2017-18.

partha · Post by **partha** » 02 Mar 2022 13:59

https://twitter.com/PakinAlgeria/status ... 3167345669

Embassies ordered to divert funds to Ukraine for evacuating Pakistani Nationals.
Till date neither any Pakistani evacuated nor we have funds left to pay salary to our employees.
Should we also start asking funds from India as Pak Nationals are using Indian flag to flee #Ukraine

It's not a verified handle though so let's see if there is an official response.

Vinu · Post by **Vinu** » 02 Mar 2022 15:41

^^^ Must be true. May be a very frustrated staff.
The tweet got deleted and poor hackers are blamed.

https://twitter.com/pakinalgeria/status ... 38208?s=21

Dilbu · Post by **Dilbu** » 09 Mar 2022 14:43

Govt seeks $21bn support from China

ISLAMABAD: Pakistan has sought financial support of about $ 21 billion from China through rollover of existing loans of $ 10.735 billion and $ 10 billion as deposit fund, to meet future financial needs and deal with financial challenges, well informed sources in Finance Ministry told Business Recorder.

Sharing the details, the sources said several agenda items came under discussion during the Prime Minister’s visit to China, including those submitted by the Ministry of Finance that included rollover of all financing facilities’ (SAFE deposits of $4.0 billion and commercial loans of $6.735 billion) upon maturity - one SAFE deposit of $2.0 billion is maturing on March 23, 2022. A rollover request has already been made, duly signed by the Prime Minister in January 2022. {No reply received yet against these requests made in Jan, hainji?} Likewise, a 3-year commercial loan of RMB 15 billion equivalent to $2.235 billion from a consortium of CDB, BOC and ICBC is maturing on March 25, 2022.

The sources said Ministry of Finance has been in contact with CDB for its refinancing, and a formal request on January 27, 2022 has also been sent. Other deposits and commercial loans will be maturing at later dates.

According to the sources, Pakistan has also requested for provision of a deposit fund of $10 billion. In addition, State Bank of Pakistan has proposed enhancement of currency swap arrangement to $15 billion.

Vips · Post by **Vips** » 09 Mar 2022 22:05

$21 Billion 'sought'.

Porkis have given up on their bluster and normal behavior. It is more hallal to be 'demanding' the billions.

CalvinH · Post by **CalvinH** » 09 Mar 2022 22:43

Deposit fund of $10B? What happened to the $3B loan Pakis were seeking.

They katora keeps coming out in different ways in different conversations and at all levels of conversation.

Regular Loan
Commercial loan
Grant
Deposit Fund
etc etc..

CPEC is core to Chinese rise and OBR initiative. CPEC cant be allowed to fail. Han must pay $21B or Pakis will be forced to go to the western orbit.

Pakis are using foreign commercial loans to shore up their forex.

Aditya_V · Post by **Aditya_V** » 10 Mar 2022 12:01

CPEC is nothing but transfer of Western obligation to support Pak to China, it is not critical to BRI, question is how much China is willing to spend for this anti India entity. That is the only value of Pakistan.

kit · Post by **kit** » 10 Mar 2022 12:57

Vips wrote:$21 Billion 'sought'.

Porkis have given up on their bluster and normal behavior. It is more hallal to be 'demanding' the billions.

They are just another Chinese "province ".. discussing annual outlays etc

Aditya_V · Post by **Aditya_V** » 10 Mar 2022 17:29

Saw this nice video on Joutube shot by PR Engine driver entering Larkana Sindh, I hope all Paki cities look like this including slumbad.

That last overpass bridge is an eyesore should be demolished

Ambar · Post by **Ambar** » 10 Mar 2022 17:57

There are quite a few food blogger videos from Pakistan, their big cities including Karachi looks just the way our cities did in early 90s, they are 30 yrs behind us now economically. The only exception that i've noticed is Lahore where atleast the good parts looks like any modern day Indian city. No wonder even the so called upper middle class pakis pay human smugglers to make it to Europe.

Tanaji · Post by **Tanaji** » 10 Mar 2022 18:00

Did you notice a lot of the sleepers were missing on the track initially almost as if they had been cut away…

Mankhurd/Govandi on harbour line used to look like this 25 years ago

Bart S · Post by **Bart S** » 10 Mar 2022 18:31

Tanaji wrote:Did you notice a lot of the sleepers were missing on the track initially almost as if they had been cut away…

Mankhurd/Govandi on harbour line used to look like this 25 years ago

Not just the sleepers, they gave up on railway electrification altogether, because the lines and poles kept getting stolen.

Having said that, land near railway tracks tends to get turned into slums in the subcontinent due to overpopulation and it being 'nobody's land' (from perspective of vote bank politicians etc) so these kinds slums prop along railway tracks in Indian cities too, in fact the view while entering Delhi or Mumbai by rail tends to be pretty disgusting in some stretches. The difference though is stark when you view videos of bazaars etc, you can see that they have fallen about 20 yrs behind in terms of economy.

Manish_P · Post by **Manish_P** » 10 Mar 2022 19:16

Ambar wrote:There are quite a few food blogger videos from Pakistan, their big cities including Karachi looks just the way our cities did in early 90s, they are 30 yrs behind us now economically. The only exception that i've noticed is Lahore where atleast the good parts looks like any modern day Indian city. No wonder even the so called upper middle class pakis pay human smugglers to make it to Europe.

Extensive rail traveler here... these look like our railway lines from the early 80s actually. In the 90s our railway infrastructure improvement had really gotten on the fast track (pun intended) with wooden sleepers being replaced with concrete ones..

suryag · Post by **suryag** » 10 Mar 2022 19:20

No sleepers, no ballast, old 70s era signalling phew reminds me of 70s telugu/tamil movie trains

yensoy · Post by **yensoy** » 10 Mar 2022 19:49

suryag wrote:No sleepers, no ballast, old 70s era signalling phew reminds me of 70s telugu/tamil movie trains

And shooting was only permitted on low traffic branch lines anyway. Movies would show a "train" pulled by a shunter loco because that was all the railways was willing to spare for the shooting (and for which they charged, of course) see example below (yaadon ki barat):

kancha · Post by **kancha** » 10 Mar 2022 21:56

Ambar wrote:There are quite a few food blogger videos from Pakistan, their big cities including Karachi looks just the way our cities did in early 90s, they are 30 yrs behind us now economically.

Reminded me of a quote I read / heard somewhere during the 90s -

PST is 30 mins behind IST, and Pakistan is 30 years behind India!

Ambar · Post by **Ambar** » 11 Mar 2022 00:03

They have created handful of tony neighborhoods for their elites in the middle of huge cities that resembles a slum that's been carpet bombed. The other thing i noticed atleast in their food blogs is how incredibly inexpensive the menu prices are even in some of their high end restaurants in good neighborhoods compared to India. You can have a hearty breakfast in a swanky restaurant in Clifton, Karachi, for less than 1/4th or 1/5th of what you'd pay at a good restaurant in south Delhi.

rsingh · Post by **rsingh** » 11 Mar 2022 00:21

But it is all about meat Paya and oil boiled chapati. I watch food videos while eating....ti bring back appetite but Paki videos are all about Paya and kaleji. Yak

Cyrano · Post by **Cyrano** » 11 Mar 2022 00:34

They have killed their agriculture by focusing on cash crops sugarcane and cotton. So they eat their animals including donkeys, all offal (organs) is eaten since meat (muscles) is more expensive, with flat breads made mostly of imported wheat. Very unhealthy diet, but since most people do hard manual work they're able to cope. We don't know how their women are doing under their burqas. Lots of malnourished children. They will very soon be like Afghanistan.

Rupesh · Post by **Rupesh** » 11 Mar 2022 02:26

That last overpass bridge is an eyesore should be demolished

. It is completely out of place. Total waste of money.

partha · Post by **partha** » 11 Mar 2022 03:58

Aditya_V wrote:Saw this nice video on Joutube shot by PR Engine driver entering Larkana Sindh, I hope all Paki cities look like this including slumbad.

That last overpass bridge is an eyesore should be demolished

No wonder Chinese laughed on the face of Pakis when they approached them for a bullet train project.

Thakur_B · Post by **Thakur_B** » 11 Mar 2022 07:57

rsingh wrote:But it is all about meat Paya and oil boiled chapati. I watch food videos while eating....ti bring back appetite but Paki videos are all about Paya and kaleji. Yak

Rejecting organ meat is a more recent phenomenon globally due to increased affluence and affordability of meat.

Brain (bheja), liver (kaleji), spleen (tilli), gizzard (pota / pathri) still hold importance in Indian cuisine.

hnair · Post by **hnair** » 11 Mar 2022 08:41

Thakur_B wrote: Rejecting organ meat is a more recent phenomenon globally due to increased affluence and affordability of meat.

Brain (bheja), liver (kaleji), spleen (tilli), gizzard (pota / pathri) still hold importance in Indian cuisine.

Actually it is a post-80s phenomenon to eat mainly white or muscle meat. But now lots of celebrity chefs go back to ear-to-tail approach now and use organ meat in their signature dishes (offal as it is refered to). Basically a sustainable zero-waste approach

I have known and follows Chef Cosentino, who is a pioneer and wrote a book on offal cuisinet:

https://www.chefchriscosentino.com/

Atmavik · Post by **Atmavik** » 11 Mar 2022 08:42

Thakur_B wrote:
rsingh wrote:But it is all about meat Paya and oil boiled chapati. I watch food videos while eating....ti bring back appetite but Paki videos are all about Paya and kaleji. Yak
Rejecting organ meat is a more recent phenomenon globally due to increased affluence and affordability of meat.

Brain (bheja), liver (kaleji), spleen (tilli), gizzard (pota / pathri) still hold importance in Indian cuisine.

all considered delicacies back home in Hyderabad.

rsingh · Post by **rsingh** » 11 Mar 2022 11:59

La hole willa quwat. Seen videos of this kebab that kebab but rest is news to me. Thanks.

Cyrano · Post by **Cyrano** » 11 Mar 2022 14:13

Hoity-toity Frech cuisine has lots of offal dishes:
- Langue de boeuf (beef tongue)
- Tete de veau (veal head)
- the famous 'fois gras' (fatty goose/duck liver)
- Rongons de veau (veal kidneys)
- Les tripes (intestines)
- boudin noir (blood sausage)
- pieds de porc (porc feet)
- queue de boeuf (beef tail)
....

-
However, boiled bones (paaya) soup is pretty much the last edible thing one can extract. Could be quite nutritious from what I hear... Sorry for the OT.