Loud Thinking

Archive for November, 2022

https://
KARACHI: The country’s default risk as measured by five-year credit-default swaps (CDS) — insurance contracts that protect an investor against a default — rose sharply overnight amid political turmoil and uncertainty about talks with the International Monetary Fund (IMF).

The CDS soared to 75.5 per cent on Wednesday from 56.2pc a day ago, according to data provided by research firm Arif Habib Limited.

www.dawn.com/news/1721411/default-risk-soars-amid-political-turmoil-delay-in-imf-talks

Dear Mr. Prime Minister

According to the above report the country’s default risk rose sharply from 56.2% to 75.5% which is really an alarming situation.

Under the current emergency situation the only safe and risk free situation to bail out Pakistan’s economy from the abyss is the proposal repeatedly submitted to you and once again given below for your MOST URGENT consideration in the largest national interest:

SOS MAGICAL Suggestions to jump start economy of Pakistan.

Dear Mr. Prime Minister Muhammad Shahbaz Sharif Sahab.

AoA.

Sir,

Moody’s downgrades Pakistan’s rating to Caa1.

Extremely adverse comments from International Ratings agency Moody’s on Pakistan’s current economic situation. They have also predicted bleak picture of Pakistan’s economy.

In this regard, if somehow, foreign currency is channelised into Pakistani banks the situation can suddenly improve.

In this connection, like the government is already giving an annual profit of 6.75% (payable bi-annually) on Pakistan Banao Certificates, with full guarantee of government of Pakistan, we can easily, quickly and comfortably get around over $10 billion, if, you approve the launch of another scheme of annual profit of 6.75% (payable bi-annually with fully backed GoP guarantee) on fresh foreign currency bank deposits in Pakistan.

The beauty of this scheme is that (since this much profit is currently nowhere available in the world) even foreign banks will offer (as happened in India) foreign currency loans (at around 3-4%) to its clients to deposit funds in this scheme. Moreover, God forbid, if, for any reason, desired foreign currency inflows are not attracted in this scheme, government will lose nothing.

The above foreign currency bank deposits scheme should be available for all resident and non resident Pakistanis, under special permission of the GoP (like an amnesty scheme) and depositors NOT asked any questions about their sources of foreign currency funds.

In this connection, Pakistan should allow selected foreign country citizens of (China, Vietnam, Thailand, Australia, NewZealand, Saudi Arabia and all gulf and Arab Countries, Malaysia, Indonesia, Sri Lanka, Nepal, Bangladesh and all Central Asian countries which were part of former USSR, Turkey and if possible Afghanistan) to open their accounts in Pakistani banks. It is hoped that this may fetch us around 50 billion USD in just few months because nowhere in the world profits on USD from banks is more than 1% whereas, we will be providing 6.75 % profit.

Best Regards,

Syed Nayyar Uddin Ahmad
03219402157
Lahore.
17 November 2022.

Resubmitted on
6 October 22
Original proposal of
22 September 2022

Keeping in view that on 10 November 22 the English team took their game to such a high level that stunned the Indians, as if they were struck by a lightning and now, it was imperative upon Pakistani team to be a step ahead of the game level, set by the English cricketers to comfortably win the World Cup final match on 13 November. 

As such, the following suggestions are proposed for implementation by our team management, if deemed appropriate:

Pakistani team’s highest power play score in the current World Cup was 55 runs in the first six overs. In order to give a surprise and demoralise and pulverise the English team, we must AIM for 80+ runs in the power play overs with fearless power hitting and not looking back, if in the process of power hitting, few wickets are lost, for which the following plans are suggested:

1. If Babar Azam and M Rizwan are confident that they can score 80 runs in six overs then both of them should open the innings.

2. However, both our above named openers are too precious to be sacrificed for such a task, which they have not previously achieved and also keeping in view that our team may need them to stabilise the batting, in case by attempting to score 80 runs, our two or three wickets are down.

3. As such, it will be more useful to open the innings with M Haris and Shadab Khan and Iftikhar may be sent as one down at # 3 or play with three fast bowlers and include Asif Ali for opening the innings (with M Harris) by giving free hand to both the openers to fearlessly but NOT RECKLESSLY,  play their natural game with the AIM of getting 80 runs in six overs of the power play. 

4. Later on, (if Asif Ali is included to open the innings) three regular batsmen namely Babar Azam, M Rizwan and Shah Masood can carry the momentum for scoring the next 120 runs or more, in the remaining 14 overs, who will have the luxury of further reliable and aggressive batting support from Shadab Khan and M Nawaz, before the three pacers, all of whom have already demonstrated their ability to score runs with fours and sixes.

5. Few important points for the fielders:

~ There are very high chances of not dropping any catch, if before the delivery of every ball, all the eleven fielders must think in their minds that on this ball, I will be getting a chance of a catch.

~There are much higher chances of a direct throw of a fielder hitting the stumps, if while attempting a run out:

a). The eyes of the throwing fielder are locked over the stumps.
and 
b). The throw is NOT direct over stumps in the air, but with one bump on the ground.