Farid Alam

@keshavbanyal @Mohsin_o2 What a stupid post

5x Indian Jets shoot down (1 pilot confirmed killed) 26x locations targeted in mainland India. Over a dozen confirmed Indian casualties. S-400 and Rafale doctrine busted. Alhumdulliah For Everything 🇵🇰

@HummaSaif Astagfirullah

مودی نے فخر سے بتایا انڈیا میں کہ مین نے عمران خان کو دھمکی دی کہُ مجھے میرا پائلیٹ 24 گھنٹوں کے اندر اندر چاہئے پاکستان نے کوئ سودہ بازی کئے بغیر آرام سے پائلیٹ واپس کردیا: جنرل اسد درانی، ایکس ISI چیف 2020 #AbsolutelyNot !!

Corporates on a buyback spree! LUCK has announced its 2nd buyback in 9 months, of up to 23.8mn shares (7.6% of outstanding shares). AKFED (51% shareholder in HBL) announced that it will purchase shares worth ~PkR3.5bn against the dividends that have not been repatriated yet.

@Jhagra @Asad_Umar @shaukat_tarin @IMMahmoodKhan @BaristerDrSaif I always thought he is a thorough professional and Pakistan is lucky to have such people opting to politics. But his letter’s wording and timing has not only led down me but all the professionals he represents.

1. This imported govt doesn't need enemies. Their own party hierarchy & their chamchas in the press are enough to sabotage their own... Why would the KP govt or I write to the IMF? Please read the letter I wrote to the Federal Finance Minister for yourself.

It reminds me of a famous business quote on reading a Balance Sheet of a fraudulent company ……. “On the right hand side nothing was right and on the left hand side nothing was left” Right side is Liability side on Balance Sheet Left hand side is asset side

Happy Independence Day 🇵🇰

2/2

1/2. Memory lane.

2/2 Economy is bleeding 🩸 and needs amongst other things confidence of Pakistanis in Pakistan. Pakistanis please believe in Pakistan 🇵🇰 Muhammad Farid Alam, FCA

1/2 “Let’s move on…” Pakistan and its economy cannot afford any more political wranglings. Hope soon Pakistan and its economy will be the first priority of our political parties.

Afridi is on the pitch. A six and the match is won; a wicket and it’s all over. Afridi is the government, the six is the IMF. Get the IMF, see the market at 61k+. Fall of a wicket (No IMF) and KSE-100 will not even sustain 40k. Coin toss between bulls and bears. Who will win?

2/2 Given rate increases since Sept and outlook, the MPC felt that the end goal of mildly positive real interest rates on a forward-looking basis was now close to being achieved. Looking ahead, monetary policy settings are expected to remain broadly unchanged in the near-term.

A sigh of relief for all businesses especially equity markets. Most encouraging is the guidance provided on direction of interest rates. Look forward to good times ahead for all who have patiently endured last few months.

While striving to receive US$1bn from the IMF, the nation lost US$2 bn in just a single day and in just one asset class - the PSX!

In line with recent trends in global commodity pricing, palm oil (a key raw material for edible oil manufacturers) prices are down ~10% in the past one month. This should improve earnings outlook for all edible oil manufacturers.

Historically we have seen some very erratic interest rates/T-bill yield movements and their impact on equity valuations. However, the graph clearly depicts that this time around the market has been much quicker in responding through a knee jerk reaction seen today.

Margin of Oil Marketing Companies (OMCs) has been increased by Rs.0.71 per liter to Rs. 3.68 per liter. As per our calculation, annualized impact on FY22 expected sales for APL/PSO stands at Rs. 9.3/11.9 per share.

Very apt for all that has happened at PSX during last few months. From tomorrow onwards blade is expected to fall by the weight of snail.