Re: last person to leave please turn the lights off
** the finances of gop were in a better shape than the finances of goi.**
Indeed
^ Unless you are selling short, its unclear how you actually make money simply by selling your assets in an economy that is already in the toilet. But I digress. Its your money, I am sure you know what you are doing. :)
By the way, it was good to know that in 2007 "the finances of gop were in a better shape than the finances of goi". Such uplifting memories are always a joy to read.
i had mentioned in passing in the last thread i had started that i was short pak stocks and short pak rupee in the off shore ndf market since the result of last elections became clear. since then, the short stock position has earned a 30% return and short rupee position another 20% for an overall gain of 50%. so sure i cannot do anything to change the view of 160mn stong awam but i can make some real cash by taking the opposite side of 160mn people.
Re: last person to leave please turn the lights off
proof that relying on pak press can cause some real brain damage:
from cia world fact book
https://www.cia.gov/library/publications/the-world-factbook/geos/pk.html
pak debt to gdp: 52.8% of GDP (2007 est.)
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
india debt to gdp: 58% of GDP (federal and state debt combined) (2007 est.)
Pakistan, an impoverished and underdeveloped country, has suffered from decades of internal political disputes, low levels of foreign investment, and a costly, ongoing confrontation with neighboring India. However, since 2001, IMF-approved reforms - most notably, privatization of the banking sector - bolstered by generous foreign assistance and renewed access to global markets, have generated macroeconomic recovery. Pakistan has experienced GDP growth in the 6-8% range in 2004-07, spurred by gains in the industrial and service sectors. Poverty levels have decreased by 10% since 2001, and Islamabad has steadily raised development spending in recent years, including a 52% real increase in the budget allocation for development in FY07. In 2007 the fiscal deficit - a result of chronically low tax collection and increased spending - exceeded Islamabad’s target of 4% of GDP. Inflation remains the top concern among the public, jumping from 7.7% in 2007 to more than 11% during the first few months of 2008, primarily because of rising world commodity prices.
https://www.cia.gov/library/publications/the-world-factbook/geos/pk.html
A man took 8years to change the history of Pakistan economically, and it took only 4 months for corrupt politicians to put it down the toilet. I still beleive that if Mushy stays i npower and Politiicans are put down the toilet, we will be able to recover once again.
I was reading an interview on PTV with Atta-ur-rahman (Higher education). He stated that HSC was started in 2002, and since then there has been HUGE turn around in Education sector in Pakistan. He said we are not the best, but we are seeing changes. First time anywhere, Lecturers are coming back from USA, UK, Aussie etc and get paid 4 times more then Federal Ministers. And if maintained the progress, we are gurenteed to have atleast two universities among the top 100 in the world. The unfortunate part is, it will only continue if they keep receiveing funding and increased and Atta-ur-rahman is not replaced by some asshole who has neva eva been to school (whcih is already occuring in other areas of the country).
Re: last person to leave please turn the lights off
oh and adding to what I said, if we heard the PM talking on 14 Aug 08 to the nation, I dont know if anyone else noted but he kept taking the credit for every progress. And kept mentioning himself ie. China President invited ME (not Pakistan or WE as in nation). And kept mentioning PPP (I thought it was NATIONAL INDEPENDENCE DAY, NOT PPP DAY.
Just my thought, agree or disagree.
real fun has not even begun yet. wait until zardari fires the sbp governor and starts to replace senior managers at govt controlled financial institutions. from what i have heard, he has already put in his people at nit which was also his pet target in the last jannum. rumors are also going around that he has blakmailed pakistan richest man i.e. mansha for rs. 800mn. apparently zaradari had threatened to open old privatisation transaction if mansha had not paid up.
last person to leave please turn the lights off -- oops there is no light.
LOL ... no actually its sad.
Good job. Its impressive that you thought of and executed on a strategy to make money over Pakistan’s economic woes. This kind of quick thinking on the feet is what separates smart people from dumb people. :k:
Hopefully this extra cash in your pocket will make you less resentful of the poor choices that people of Pakistan keep on making.