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    Current Account Records A Huge Surplus of Over $800 Million in July-Aug 2020

    Does anyone know how much of external debt service was scheduled to be paid in July and August but was deferred under the moratorium granted by G20? That could be a swing factor here.
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    Indian Media: Pak To Remain In Terror Funding Grey List, Fails 6 Conditions: Sources

    If you read at all you would note that the primary issue fatf has had since the last 12-18 months is not legislation but enforcement. Enforcement can't be done overnight, especially as a lot of this has to do with changes to national and bank level transaction monitoring and ultimate beneficial...
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    Enough With The Indian Mig-21 Bison Versus Pakistani F-16 Viper Bullshit

    Yes they were launched in cloud cover. The target itself wasn't in cloud cover. Would have helped justify the claims. I didn't say it makes it invulnerable. However, to say a hypothesis is predicated on primarily on A, B and C and by the way A and B didn't really apply in the situation makes...
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    Enough With The Indian Mig-21 Bison Versus Pakistani F-16 Viper Bullshit

    A similar question - why doesn't IAF show the feed from its bombs showing it hit the target similar to what PAF showed? You are talking as if those radar feeds couldn't be manufactured and are therefore the gospel. They can be from a simulation for all we know. The fact is that several...
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    COAS(Pakistan) reaches Saudi Arabia to revive strained ties

    Abnormality in my view is because of my expats in the Gulf losing jobs and relocating back along with their savings. Normalised situation will be evident from Q4
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    Top judges get paid 10 lakh rupees a month in salary

    I'm sorry but the reaction here is a massive reason why we dont have proper judiciary and pathetic bars. I got a legal agreement drafted by a lawyer recently, and it had so many drafting issues I literally chucked it and drafted it on my own: If you think PKR 10 lac p.m. salary is ridiculously...
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    Tesla Stock Tanks loses 14 billion

    If you think BYD in which Berkshire Hathaway has a significant stake and which recently announced an electric vehicle JV with Toyota is a ponzi scheme, you must be high on something really exotic.
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    EU removes UAE, Switzerland, Mauritius from tax haven lists

    Was the case some 7-10 years back. Now the UAE banks are quite crazy on KYC and AML. Anyway, this issue was not due to transparency of beneficial ownership of money in banks. It was primarily due to UAE allowing companies to be formed without a need for any 'substance' (employees, expenditure...
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    Mr PM Imran Khan Sahab: People of Karachi Might Not Vote for You Again

    So heaps of garbage, outbreaks of disease, electrocution, urban flooding, invitation by SC to take over hospitals and a fall in popularity aren't enough of an excuse?
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    Mr PM Imran Khan Sahab: People of Karachi Might Not Vote for You Again

    Not sure that you understand how things work in a democratic setting. Why would PPP care about protests in Karachi? They know they have already lost the vote. Also, what you are suggesting is, Karachi has two options: elect goons, or support a Federal government which is ineffective / unwilling.
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    Mr PM Imran Khan Sahab: People of Karachi Might Not Vote for You Again

    The movement was started and delivered too in the form of a majority win to PTI in Karachi. What more can they do. It's all bullshit that PTI doesn't have the authority to work on Karachi. They didn't have the numbers to save the Senate Chairman, they still did. It's about how badly they want...
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    Another SHOCKING revelation about Isreali pilot. Still in denial mode??

    Dont really understand why people are trying to double guess what was said. The General clearly said 'in my personal opinion there is no doubt that it was an Israeli pilot under custody'. This is what he said when he was asked to confirm what he meant by his statement earlier. So there's no...
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    Indian aggression at LOC

    Sure...in the same media that has a blackout on reporting anything on Kashmir? How can a rational person seriously believe that a regime which can't tolerate reporting of civilian casualties will be fine with reporting of military casualties.
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    PM Khan tweets: Karachi ...

    For all bringing Kashmir into this, all I can say is: what idiocy! Kashmir is a separate issue and there are a least 10 other threads on that issue. Why not just lock up the entire forum for new threads until Kashmir issue gets resolved? Or Grow a brain and realise that this forum is for...
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    Traders/businesses/ reject the Interest rate hike / economy slowing

    Let's talk about Economics 101. The first line in your post talks about rising inflation. Do you know what is the monetary policy tool to control inflation? Yes, it's a rate hike. You're talking that making borrowing expensive slows growth. Yes, that is true. But which government doesn't...
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    TRADERS VERSION ON THE SHABBAR ZAIDI TAX SYSTEM

    This initiative is not to catch the selling trader, but the buyer. As a seller I would be hard pressed to take this tax penalty exposure for the sake of protecting a buyer. Also, remember this documentation would take place throughout the value chain. The seller would have bought this from...
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    TRADERS VERSION ON THE SHABBAR ZAIDI TAX SYSTEM

    Breaking a purchase into smaller transactions is easier said than done. The buyer will lose out on bulk discounts and will have to negotiate with myriad suppliers creating additional headaches. Those talking about flat / presumptive tax regime fail to understand that it's not a progressive...
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    Bangladesh declares its rivers 'legal persons'

    So if there's flooding in a river and it destroys the property of farmers, technically the rivers can also be sued? Lol. Just a play for the galleries. Implementing such rights for an object which does not plethora of law and precedents similar to companies would be difficult at best.
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    Any Accountants, CPA's or CA's over here? Looking for Career Advice

    Your experience is primarily in tax, which even for an academic role will not be useful in Pakistan due to the different tax regime. Practice is a challenging place to be in most parts of the world. However UK seems to be a better place for practicing professionals and I know that Big4 are...
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