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#1: Done through parliament but with obvious horse trading. Is it how it should be? #2: Courts stepped in where they shouldn't (dictating procedures of NA, including time of new voting) and didn't step in where they should have (question of law 63A). Clearly, had they done their job and ruled on...

While many are rejoicing, outside the time and place argument, it's not a good development. This will likely provide the Boyz the ammunition they needed to spark TLP and worse against PTI and its leaders. The groundwork in the form of "security threat warnings" has already been laid out.

What was the spot price when they bought at 30.65?

Question is why the court opened up at 11pm to review a 'pre-emptive' petition but this is frivolous? Why can't this be seen as pre-emptive too?

One thing is the court stepping in to declare a ruling illegal due to it being unconstitutional. Its another to then get involved in the procedures by dictating when the voting will happen. Tomorrow if a judge does something unconstitutional, for example, giving undue priority to certain...

Again, he praised the effectiveness of the approach, not the desirability of outcomes. Why do you think the international community didn't condemn the Kashmir annexation? Years of independence in foreign policy. You yourself are saying that their foreign policy approach was effective. Pakistan...

Can you show me where he sung praises of Modi. He praised an element of their foreign policy: being independent and self-centered. That's not praising the country or Modi. By your stupid logic someone saying that US has a great tech sector and policies to support it means he's praising Biden...

Like shit. I wish the $3bn in RDA is taken out and used to short kse into nothing.

Yes, all hope is indeed lost. Pakistan needs a revolution, which is impossible since Pakistan is comprised of too many different nations - too difficult to find common grounds and rally masses for something like a revolution.

I think if investigation was to be started, they wouldn't have convened today. CJP consulted several judges before calling a session. Means he has already decided.

Roasting is pretty much a tradition in Hollywood events and in contrast to the kind of jokes Ricky Gervais does, this joke was mild. If this joke had been about a guy, suffering from the same disease, people would not bat an eye. Also, I could guarantee that if it was a white dude such as Ricky...

Yes. The War on Terror would still be on. You'd still be pummelled by terrorist attacks and drone strikes. All your neighbours (including China and Iran) would be your enemies, or at best unsupportive and you would still be getting told, you need to do more.

What a moronic comment. The video even clarifies that it wasn't addressed to PMO. So no one is claiming that.

My fear is that unfortunately he said that to keep further dissidents at bay and there's nothing substantial in hand (a bluff). In this sort of a situation, you expose your cards well in advance to get numbers solidly on your side. A last minute announcement wouldn't let all MNAs react.

Gotta feel for Asad Umar and Hafeez Shaikh. All the sacrifices and pain taken over 2 years to bring at least one deficit under control undone in 3 months. What morons. All that was needed was some patience. 2-3 years of controlled imports to push reserves closer to $30b so you had a margin of...

I also think Pakistan could have gotten away with 4% on 3 months and 4.5% on 6 months. There's really no incentive to go for longer tenure deposits if you get a 5% on 3 months.

Pakistan already pays 5% or above on sukuks and other liabilities. Though they are longer dated. I think NPC could have been priced 50 bps lower. The government is betting that it won't be hot money and the beahvioural maturity would be several years.

That gold was probably never physically in Afghanistan in the first place. This was probably reflected in XAU contracts held by the Central Bank where physical gold is held is storage elsewhere.

The problem is risk. Electricity infrastructure is a massive investment and a long term investment. Investors don't want to take that long a risk with economies such as Pakistan. That is why the likes of ADB have to step in. Even if they do want to step in, they price the risk steeply - 15% to...

1. They established a fixed rate regime. Effectively Central Bank keeps selling $ and buying rupees to keep the value of rupee higher. That explains the reserve depletion to an extent. 2. Reserves fall. 3. In simple terms, imports would cause a devaluation of the rupee if exports and...