Jawad Yaqoob (@jawadyaqoob) 's Twitter Profile
Jawad Yaqoob

@jawadyaqoob

I am a chartered certified accountant working in Saudi Arabia.

ID: 146034123

calendar_today20-05-2010 13:00:49

524 Tweet

1,1K Followers

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Pakistan πŸ‡΅πŸ‡° has accepted the term sheet of Standard Chartered Bank, London, for two loans totaling $600 million at the highest ever interest rate of 11%. Pakistan can offer foreign lenders 11% while overseas Pakistanis get merely 8.1% (after tax) on Naya Pakistan Certificates.

Pakistan πŸ‡΅πŸ‡° has accepted the term sheet of Standard Chartered Bank, London, for two loans totaling $600 million at the highest ever interest rate of 11%.

Pakistan can offer foreign lenders 11% while overseas Pakistanis get merely 8.1% (after tax) on Naya Pakistan Certificates.
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Pakistan must have negotiated a term loan where interest rates are always higher than short term deposits. Also, deposits with banks enjoy a high degree of protection up to a defined amount. International borrowings are subject to credit rating. Pakistan’s current credit rating

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πŸ”– Market is still undervalued. Today, when #KSE100 is trading at almost an all-time high, only 7% of total assets under management (AUM) are in equities as of July 2024. πŸ‘‰In 2017 it was 45%. πŸ‘‰ In 2020 it was 20%. πŸ‘‰ In 2021 it was 21%. If we return to the levels of 2020,

πŸ”– Market is still undervalued.
Today, when #KSE100 is trading at almost an all-time high, only 7% of total assets under management (AUM) are in equities as of July 2024. 
πŸ‘‰In 2017 it was 45%. 
πŸ‘‰ In 2020 it was 20%. 
πŸ‘‰ In 2021 it was 21%.
If we return to the levels of 2020,
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SBP pays SR 30 ($8) per $100 transaction to commercial banks to attract remittance. ❌It's easy money for banks who do nothing to attract or facilitate overseas Pakistanis. (Simple rent-seeking) βœ… A better option is to transfer the benefit directly to the overseas

<a href="/StateBank_Pak/">SBP</a> pays SR 30 ($8) per $100 transaction to commercial banks to attract remittance.

❌It's easy money for banks who do nothing to attract or facilitate overseas Pakistanis. (Simple rent-seeking)

βœ… A better option is to transfer the benefit directly to the overseas
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In June 2024, the State Bank of Pakistan πŸ‡΅πŸ‡° purchased $574 million from the local market to bolster its reserves πŸ’ͺ. Despite paying off loans, Pakistan's πŸ‡΅πŸ‡° FX reserves have consistently remained above the $9 billion mark for several months.

In June 2024, the State Bank of Pakistan πŸ‡΅πŸ‡° purchased $574 million from the local market to bolster its reserves πŸ’ͺ. 

Despite paying off loans, Pakistan's πŸ‡΅πŸ‡° FX reserves have consistently remained above the $9 billion mark for several months.
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How to pay MARI Bonus Shares Tax? πŸ‘‰#MARI has issued 800% Bonus shares. πŸ‘‰There is a 10% tax on bonus shares. πŸ‘‰The closing price of 19-Sep-2024 will be treated to compute the bonus shares tax. πŸ‘‰ You can pay this amount from your pocket, or the company will deduct 10% of the

How to pay MARI Bonus Shares Tax?
πŸ‘‰#MARI has issued 800% Bonus shares.
πŸ‘‰There is a 10% tax on bonus shares.
πŸ‘‰The closing price of 19-Sep-2024 will be treated to compute the bonus shares tax.
πŸ‘‰ You can pay this amount from your pocket, or the company will deduct 10% of the
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Want to earn Risk Free 4% above the policy rate? 🎯Overseas Pakistanis πŸ‡΅πŸ‡° can invest in an Islamic Naya Pakistan Certificate with a 1-year maturity right now and lock πŸ”’ in a return of 21.50%. 🏷️SBP policy rate at the moment is 17.50%. πŸ‘‰1-Year KIBOR is 16.94%. βœ… Risk-free

Want to earn Risk Free 4% above the policy rate?

🎯Overseas Pakistanis πŸ‡΅πŸ‡° can invest in an Islamic Naya Pakistan Certificate with a 1-year maturity right now and lock πŸ”’ in a return of 21.50%.
🏷️SBP policy rate at the moment is 17.50%.
πŸ‘‰1-Year KIBOR is 16.94%.

βœ… Risk-free
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The Asian Development Bank (#ADB) has assured Pakistan πŸ‡΅πŸ‡° that it will gradually provide a $8 billion loan over four years ($2 billion annually). πŸ‘‰Out of the total amount, $4 billion will be issued at a fixed 2% rate under its concessional window. πŸ‘‰The ADB's concessional

The Asian Development Bank (#ADB) has assured Pakistan πŸ‡΅πŸ‡° that it will gradually provide a $8 billion loan over four years ($2 billion annually).
πŸ‘‰Out of the total amount, $4 billion will be issued at a fixed 2% rate under its concessional window.
πŸ‘‰The ADB's concessional