Wait for another stock exchange crisis
May 8, 2008
Wait for another stock exchange crisis:
We know arif habib and his affiliation with American pet dictator mush and shortcut aziz.
Read the story below on stock exchange issue
http://www.groundreport.com/Politics/Gen-Musharraf-mulls-holding-election-by-Sep-15
now if we look at the news in jang which says musharraf has contacted his trusted friends to raise
the issue of flour prices and electricity and in that he also has contacted his stock exchange friends to
play their game in KSE because kse crash will surely put the government under pressure and all this is to
deviate the focus of the people from the judicial issue(the even tried cricket with nasim ashraf and shoaib akhtar drama)
http://www.jang.com.pk/jang/may2008-daily/08-05-2008/main.htm
now arif habib has entered the Colombo stock market which will make it easy for them to outflow money from the KSE to Colombo and thus a great chance for them to play with the market
http://www.thecolombotimes.com/2008/05/arif-habib-securities-to-trade-in-sri.html
we also know what arif habib and company attempted to do with steel mills in Karachi
http://www.dailytimes.com.pk/default.asp?page=2006%5C06%5C02%5Cstory_2-6-2006_pg7_14
the case later became one of the reasons behind the CJP iftikhar issue.
and don’t forget mr arif habib’s role in stock exchange crisis during mush-shaukat tenure.
Entry Filed under: Uncategorized. Tags: american pet dictator musharraf, arif habib, columbo, crisis, daily times, jang, Karachi, news, Pakistan, srilanka, Wait for another stock exchange crisis.
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1.
Tahir Jamil | June 18, 2008 at 6:39 pm
Your prediction proved hundred percent true-Even bigger stock exchange crash than notorious 2005 crash.
Pakistani stock exchange controllers manifested that they are bold enough to repeat the 2005 crash. Recent May-June 2008 Pakistani stock crash is the biggest ever crash during Pakistan’ history. Many shares prices have reduced to half and even to one third within one month. During recent budget 2008-9 government exempted stock exchange from capital gain tax but no recovery is made yet. It looks that some factors are deliberately destabilizing the stock exchange. Government regulatory institutions have not played any role yet. PPP and PML Nawaz government collation is not taking any interest in order to ameliorate this worse form of economic disaster. I myself lost my half of invested money during this crash.
2.
Tahir Jamil | June 18, 2008 at 7:24 pm
Even bigger stock exchange crash than notorious 2005 crash.
Pakistani stock exchange controllers manifested that they are bold enough to repeat the 2005 crash. Recent May-June 2008 Pakistani stock crash is the biggest ever crash during Pakistan’ history. Many shares prices have reduced to half and even to one third within one month. During recent budget 2008-9 government exempted stock exchange from capital gain tax but no recovery is made yet. It looks that some factors are deliberately destabilizing the stock exchange. Government regulatory institutions have not played any role yet. PPP and PML Nawaz government collation is not taking any interest in order to ameliorate this worse form of economic disaster. I myself lost my half of invested money during this sudden collapse.
3.
united4justice | June 19, 2008 at 8:16 am
@Tahir
govt. regulatory institutions didnt play any role because they are part of this whole game.
i hope you have enough back up investments to do something else because i have seen people losing their whole life savings.
4.
Tahir Jamil | June 20, 2008 at 4:02 am
United4justice thanks for very useful advise. Unfortunately I have little backup money but I hope that market will rebound to its previous position. I have send all details to concerned authorities and I have hope that they will take some measures although there is no history of redress in Pakistan. Yet I am hopeful. Yes it is true that many lost their whole life saving in stock exchange. Unfortunately we lost our whole life saving in our investment in Bahria Town (Pvt) Ltd not the stock exchange. Visit my websites for more details.
5.
Jang | August 21, 2008 at 9:09 am
We need justice but not at the cost of Pakistan.
6.
Shahid Khaqani | November 1, 2008 at 8:35 pm
An eye opener
7.
manzoor alam khan | August 31, 2009 at 3:14 pm
what are your prediction for 2010.
8.
united4justice | August 31, 2009 at 4:24 pm
Just an FYI:
Arif Habib’s case is just for the sample study actually it was and is a whole lot of other people involved and its not hard to identify them.