Islamic Republic of Pakistan : News, Discussions & Updates

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Three FC soldiers killed, two others injured in Mustang suicide attack

QUETTA: Three Frontier Corps (FC) personnel were martyred and two others injured in a suicide attack on a check post on Quetta-Karachi Highway in Mastung area of Balochistan, some 60km from the provincial capital, on Monday.
Official sources said that a suicide bomber detonated himself near the FC’s Aziz check post in Khud-Cocha area of Mastung.

“A young man wearing a suicide vest tried to enter the FC check post. As he was challenged by security personnel, he blew himself up near the check post, martyring three FC personnel and injuring two others,” a security official said.

IS Khorasan has claimed responsibility for the attack

https://twitter.com/x/status/1003748996534370304

World Bank wants Pakistan to accept ‘neutral expert’ in dam dispute

The World Bank has asked Pakistan to stand down from pursuing its stand of referring the Kishanganga dam dispute to the International Court of Arbitration (ICA) and instead accept India’s offer of appointing a “neutral expert”.

World Bank president Jim Yong Kim advised the government to withdraw from its stand of taking the matter to the ICJ

A source privy to the development told Dawn that Pakistan believed that acceding to India’s proposal of referring the dispute to neutral experts or withdrawing from its stand would mean closing the doors of arbitration and surrendering its right of raising disputes before international courts.

Pakistan believes that on the one hand the World Bank has tied its hands from raising the dispute at the ICA, and on the other, it has not blocked the Indian effort to complete the construction of the dam.

The World Bank did not even heed to Pakistan’s concern when provided with satellite images during a number meetings with the bank that India was constructing the dam. The bank even denied Pakistan the opportunity to stay the construction of the dam.

The World Bank even declined Pakistan’s forceful plea on May 22, 2018, asking it to express concern by stating that it had “noted the inauguration of the Kishanganga Dam by Indian Prime Minister Narendra Modi”, the source added.
 
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_Anonymous_ said:
PAK SCAN: Pakistan To Purchase 2 Naval Warships From China | Indian Defence News

Can you comment on the significance of this ? How does it fare vis a vis our frigates ?
@randomradio ; @safriz ;
Click to expand...

Target practice.

The PN is a peacetime navy. These ships will help patrol their EEZ when there's no war with India. But during a shooting war, they will go back into their harbours where they will be safe. Even if they sink, they can be floated up since the depth there is very low, unless the damage is too much, then they can scrap the ships.
 
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sting.jpg


No comment needed for above picture!


Targeted killing of religious minorities in #Pakistan continues with impunity. Naresh Kumar Meghwar shot dead in Gwadar when assailants opened fire at his shop in Pishukan. Belonging to the Hindu community, Kumar was a tailor, 2 other Hindu tailors were also injured in the attack

https://twitter.com/x/status/1003198803556618241

Pakistani helicopter crashes near Quetta,Balochistan

https://twitter.com/x/status/1004616133989797888

According to Shri Shri Zaid Hamid,Israeli submarines are now lurking around Karachi port



https://twitter.com/x/status/1004674737203765249



https://twitter.com/x/status/1004675811931246593
 
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Foreign exchange: SBP's reserves rise 0.08% to $10.04b
By: Our Correspondent
Published: June 7, 2018

1528389290477.png

The country's foreign exchange reserves had been on a downward spiral for the past four weeks. PHOTO: REUTERS/Jose Luis Gonzalez/Illustration
​
KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.08% on a weekly basis, snapping a four-week spell of decline, according to data released by the central bank on Thursday.
The country’s foreign exchange reserves had been on a downward spiral for weeks and had depleted significantly, sparking concern over Pakistan’s ability to meet future payment obligations and manage a bulging current account deficit.

On June 1, foreign currency reserves held by the central bank were recorded at $10,041.6 million, up $7.8 million or 0.08% compared with $10,033.8 million in the previous week.

Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $16,419.6 million. Net reserves held by banks amounted to $6,378 million.

With the end of PML-N’s term, SBP’s reserves stand at just $10.03b

In April, SBP’s reserves increased $593 million due to official inflows. Pakistan also raised $2.5 billion in November 2017 by floating dollar-denominated bonds in the international market in a bid to shore up official reserves.

A few months ago, foreign currency reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Earlier, the SBP received $350 million under the Coalition Support Fund (CSF). In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune

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This is surprising. I knew the Pakistani economy was weak but not this weak. o_O

To put it in perspective India's forex reserves are estimated at $412,824 million (source: Reserve Bank of India)

Even Bangladesh is doing better with forex reserves around $33,109.5 million (source: Central Bank of Bangladesh)
 
Kashmiris of PoK protesting against ISI and Pak Army



https://www.facebook.com/video.php?v=2183686171648043

People of Gilgit protesting against CPEC

https://twitter.com/x/status/1002676423784624133

Pakistan has 155 dams while India has 5102. Pakistan has water reserves to last for 30 days and India for 170 days, Chairman Wapda's briefing to Senate Committee.

https://twitter.com/x/status/1004986451837308929

Meanwhile,section of Karakoram Highway(which connects China and Pak) has been blocked in Hunza,Gilgit-Baltistan
 
_Anonymous_ said:
PAK SCAN: Pakistan To Purchase 2 Naval Warships From China | Indian Defence News

Can you comment on the significance of this ? How does it fare vis a vis our frigates ?
@randomradio ; @safriz ;
Click to expand...
Leave, How does it fare vis a vis our frigates ?
I am thinking how Pakistan will be paying for these as their forex reserves has gone down below 10 billion dollars and soon they will be begging for IMF bailouts and I have never seen IMF giving money to buy weapons.

Or are they planning to becoming HIRA MANDI or BANGCOCK for all Chinese population to pay for these frigates and cpec..,😁😁😁😁
@safriz
 
पाकिस्तानी बोला अरब भिखमंगा समझते हैं हर पाकिस्तानी को
(Everyone considers Pakistani as beggars in Saudi-Pakistani during Umrah)


Mamnoon at SCO urges development of fund to eliminate terrorism

President Mamnoon Hussain at the 18th meeting of the Council of Heads of States of Shanghai Cooperation Organisation (SCO) in Qindgao on Sunday urged member states to consider the establishment of a development fund to eliminate terrorism and extremism, Radio Pakistan reported.
 
Ginvincible said:
Foreign exchange: SBP's reserves rise 0.08% to $10.04b
By: Our Correspondent
Published: June 7, 2018

View attachment 2662
The country's foreign exchange reserves had been on a downward spiral for the past four weeks. PHOTO: REUTERS/Jose Luis Gonzalez/Illustration
​
KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.08% on a weekly basis, snapping a four-week spell of decline, according to data released by the central bank on Thursday.
The country’s foreign exchange reserves had been on a downward spiral for weeks and had depleted significantly, sparking concern over Pakistan’s ability to meet future payment obligations and manage a bulging current account deficit.

On June 1, foreign currency reserves held by the central bank were recorded at $10,041.6 million, up $7.8 million or 0.08% compared with $10,033.8 million in the previous week.

Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $16,419.6 million. Net reserves held by banks amounted to $6,378 million.

With the end of PML-N’s term, SBP’s reserves stand at just $10.03b

In April, SBP’s reserves increased $593 million due to official inflows. Pakistan also raised $2.5 billion in November 2017 by floating dollar-denominated bonds in the international market in a bid to shore up official reserves.

A few months ago, foreign currency reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Earlier, the SBP received $350 million under the Coalition Support Fund (CSF). In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune

----------------------------------------------------------------------------

This is surprising. I knew the Pakistani economy was weak but not this weak. o_O

To put it in perspective India's forex reserves are estimated at $412,824 million (source: Reserve Bank of India)

Even Bangladesh is doing better with forex reserves around $33,109.5 million (source: Central Bank of Bangladesh)
Click to expand...

They spend too much on defence, unlike BD.
 
randomradio said:
They spend too much on defence, unlike BD.
Click to expand...

It is not just Defence expenditure

My theory after years of observation is that
Politicians and Bureaucrats Hate the power ; Authority
immunity and impunity of the Pak Army and ISI

The Military makes money and takes decisions
regarding Pakistan's future
and Nobody dares to say a word against them

So the civilians vent out their frustration by corruption and mismanagement

Same is the case with the Private sector Business people

In the end nobody gives a damn about the civilians who are told that every thing wrong in Pakistan is due to India; USA ; Afghans ; Israelis

And that the civilians must endure all hardships for Islam
Pakistanis are fu**ed up Psychologically

The clergy and Religious class have devised their own ways of staying relevant and also making money

Recently the Judiciary has become Important and Active because
the Pak Army is using it to weed out people whom they dont like

Pakistan is decaying Internally due to its own mistakes
 
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@randomradio You must have seen on PDF how Pakistanis are obsessed with all kinds of weapons and Kashmir

And they dont give a damn about their economy and society

That is what the decades of Anti India hatred has done to their minds

The Punjabis are ruling by fear

But Slowly Sindhis ; Shias ; Pathans ; Baloch and Muhajirs are rising against the Punjabi tyranny
 
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