Lockdowns again and Agent 007
this week in Pakistan’s business and economics twitterverse
A
s covid cases begin to peak again in Pakistan with the federal and Sindh governments locking horns over who is to blame for the abysmal conditions in Karachi where the positivity rate has gone up to nearly 30%, there is much to discuss. We look at lives versus livelihoods, as well as the nature of twitter and our very dapper governor of the SBP, Raza Baqie. Ariba Shahid brings you all this and more in this week’s roundup of Pakistan’s business and economics twitterverse.
Here’s my CNIC copy again
Whatsapp forwards
While Zohad doesn’t specifically mention work whatsapp groups, we feel the same about work groups where people exchange pleasantries and forwards. Besides, why would you guys want a whatsapp group with people you can barely stand? Thank God for the mute button. {Editor’s note: For those of you that do not know this yet, Whatsapp has updated its ‘archive’ function so that when messages are sent to chats that have been archived, they no longer show up on your main list of whatsapp chats. You can essentially create a second whatsapp of undesirable chats that you only check every now and then.}
Be smart and invest
The private sector is crowded out. Why? Because banks are merely government lending machines. Low risk appetites remain a factor but how can anyone ever compete with the government? What incentive do banks have? Ammar sums it up well, and explains how banks merely exist to lend to the government. We’d like to add that they exist to torture us by asking for CNICs too, and also for hording the copies of our CNICs we give to them.
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We encourage more people to invest in the PSX. It is the only way we can have a vibrant capital market and better growth. Listen to Najam, open up a bank account and invest.
