PM looking to ‘reward’ AG with shiny new Mercedes

Prime Minister after buying 4 luxury armored cars, 2 BMWs and 2 #mercedes #Benz for himself has now cleared the purchase of a 2400cc Mercedes Benz E-250 for the #Attorney #General of Pakistan Salman Butt, amid a #political #crisis and a weak #economic growth. It must be noted that AGP Salman Butt is Mr Sharif's 'personal favourite'. He has represented him and his family in numerous corruption #cases and had him acquitted, latest of which concluded on 19th of September in which the Sharif family was acquitted in cases related to#money #laundering and #Hudaibiya #mills case.

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Newsflash: Bitcoin Price Plummets Near $11,000 in 2018-Low

Newsflash: Bitcoin Price Plummets Near $11,000 in 2018-Low Bitcoin price dropped to a 2018-low during Tuesday’s morning trading (GMT), losing over $2,300 (Bitfinex) in a 17% fall in just under 3 hours. Dampened by regulatory scrutiny in Korea, home to one of the world’s biggest crypto markets, bitcoin and other cryptocurrencies continued their descent today. After opening Tuesday’s trading near $13,500 on USD-based Bitfinex, bitcoin price settled at $13,200 at 07:00 (GMT) before a collapse that led the world’s first cryptocurrency drop to a low of $10,891 near 10:00 AM. At the time of publishing, bitcoin price is showing signs of a recovery in trading near $12,000. Coinciding with Korea’s regulatory squeeze, multiple reports today have also pointed to a senior Chinese central bank official proposing a wider ban on cryptocurrency trading that would extend to both domestic and offshore trading platforms. The call for a ban includes cryptocurrency services ...

The world’s 10 riskiest sovereigns

http://isthattrue.net/wp-content/uploads/2014/07/cda382d9-fef3-4c77-bdc3-136c0c8f91c8-300x146.jpg Bosnia-Herzegovina is the world’s riskiest sovereign, according to a new model developed to calculate default probabilities, ahead of other high-risk countries such as Belarus, Ukraine and Rwanda. The model, which uses data from Euromoney’s Country Risk Survey, shows Bosnia-Herzegovina is one of the more alarming prospects with a default probability of 27.4% over 12 months. Surprisingly, the country still commands a stable B-rating from Moody’s and S&P, unlike other, similarly high-risk bonds mostly C-rated or on review for a downgrade. Still rebuilding after last year’s devastating flooding, the country’s high unemployment rate, corruption and continuing political uncertainty make it the most likely country to default on its debts. Belarus, reliant on Russian philanthropy in the absence of other creditor support to bolster its dwindling reserves and avoid a balance-of-payments crisi...

Tahirul Qadri denies connections with generals

http://isthattrue.net/wp-content/uploads/2014/07/tahirqadri_7-23-2014_154770_l-300x180.jpg ISLAMABAD: Pakistan Awami Tehreek (PAT) leader, Dr. Tahirul Qadri Wednesday said he never had connections, past or present, with any general including General Raheel Sharif. Talking to media here, he said the army does not have any role in his ongoing struggle for revolution. “Nothing can stop the revolution from coming,” he said, clarifying that ‘I am neither inviting the army nor has it any intention to come’. He ruled out holding any negotiations for the revolution and added that there is no turning back now. “We are in contact with many parties including Pakistan Tehreek-i-Insaf and Shaikh Rasheed,” Dr. Qadri told the reporters. He said only time will tell what situation emerges post revolution.

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