Caretaker CM Punjab Najam Sethi views on Imran Khan

Former Geo (Jew) News program "Aapas ki Baat" host & Caretaker Chief Minister Punjab Najam Sethi 's views on Quaid e Tehreek e Insaf Janab Imran Khan Bhai & on PTI.

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Atif Aslam all set to wed Sara Bharwana this week

Atif Aslam is going to marry his fiance Sara Bharwana this week.26th mehndi , 28th baraat & 29th Walima at Royal Palm Club Lahore -

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Atiqa Odho Got Married 3rd Time With Samar Ali

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Cyprus- Bailing out Economic Bubble

Paul Krugman summarizes the origins of Cyprus' problems in (here): the banking system, a housing bubble and an overvaluation. He says that it was as “if Cyprus has managed to combine in one place everything that has gone wrong elsewhere”. One could add policymaking to it.

I’m from a country that had (and has) “creative” policymakers. We’ve seen a lot here. Especially during hyperinflation-years. But, what I see emerging from a small island can put all the wrong Brazilian attempts behind. It just scares me.

The way out found by Cypriot policymakers was to tax deposits to help pay the bills. I’m not kidding. They’ve decided to impose a suddenly loss of wealth in country lacking competitiveness (the overvaluation issue), whose problems emerged from the banking system, though it still depends on financial services, while housing prices are correcting the distortions brought by a housing bubble. But there’s more. It is a country that does NOT have monetary policy to fight recession and whose government finances are problematic.

If it wasn’t enough, it brings the fear of a banking run. A banking holiday was instituted to contain the damage. Well, good policies would be a better way for containing the damage. Furthermore, it raises problems outside of the island. Cyprus participates in a monetary arrangement called Euro zone.

The Cypriot policy brings uncertainty to what could happen in other problematic countries. The possibility of a banking run in Cyprus, or the mere thought that something similar could be done in another country, could trigger the end of the time brought by Mario Draghi’s whatever it takes.  

The problems in the Euro Zone were far from being resolved, but at least markets were calm enough to provide European policymakers time to waste. I wonder what’s coming.

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Ali Gul Pir - Wadera ka beta song misled Saeens

 Recently social web blockbuster song "Wadere ka beta" by Ali Gul Pir was on every lips across Pakistan. Everyone were considering it as a revolutionary song against feudalism in Pakistan.But it was noticed that young feudalist picked this song as honor for them.Son of Wadera listens song proudly in his hammer.Example of Shahzeb murder case by Wadera Shahrukh Jatoi can viewed as reflection of this song where Shahrukh believing himself as "Shahrukh Khan" killed Shahzeb to show world that he is the Boss & he can do anything in Pakistan, no one can even mess with him.Interestingly the name of song's character is "AKBAR JATOI" and before killing Shazeb in mouth firing between Shahrukh & Shahzeb, Shahrukh was found proclaiming that he is "Shahrukh Jatoi" (so called AKBAR JATOI of song) and proudly declaring himself Wadera of the region and threatening Shahrukh of bad results clashing with feudals.Actually Shahrukh (Wadera) servant misbehaved Shahzeb's sister before all these back-clash.When Shahzeb went for complaining servants act to Shahrukh, he refused Shahzeb considering himself a President of white house and his servant as a Raymond Davis..like songs words "SAEEN TO SAEEN- SAEEN KA KUTTA BHI SAEEN".But he 've totally forgot that he is living in 21st century, especially in Metropolitan city like KARACHI where he can do everything which a wadera can do in his interior Sindh self control State.He can treat his inhabitants like animals but in cities like Karachi where people consider these waderas like Donkey not else, he can not do anything.

Shahrukh who escaped Dubai earlier after the murder is now in Jail. He came back due to PPP influence on his father coz his father has remained MPA in Sindh assembly as PPP candidate.So PPP was in criticism after this case & they convinced Shahrukh's father to bring back him Pakistan in  promise to release him safely when people 'll forgot the case.But he should remember that there is no Guarantee of 2 things: 1. Chinese product & 2. PPP government's promise.

I think Shahrukh Jatoi has made biggest blunder after coming back Pakistan & giving himself in custody.Although he has seen as living in a wonder world in jail, he is giving all luxuries of life in Jail but election is near & if PPP loses election Shahrukh could has to lose his life as Halter order by court.

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Lessons from My Bosses

by

Sallie Krawcheck

I’ve worked directly for 7 financial services CEOs (don’t ask…..it’s a really long story) and covered many more during my days as a research analyst. Each of them worked very, very hard; each of them was incredibly smart; and each of them was human. They each taught me a lot as I saw them work under great stress….both “what to do’s” and (unintentionally) “what to don’ts.”
The best really understood the concept of NPV (net present value). By that, I mean they were willing to forgo earnings today, to invest smartly for more earnings tomorrow. For example, at Sanford Bernstein, we pulled our research analysts out of the underwriting business, with the view that an unconflicted business model, focused on just one set of clients, would be a winning one. (It was, eventually, but it sometimes hurt along the way.) In contrast, others tried to maximize every quarter’s earnings, cutting investments halfway through the year (or quarter) like clockwork in order to reach consensus analyst estimates. Even worse, a number consistently under-invested in technology, mostly because it was hard to quantify the return. The end results ranged from poor customer and employee experiences, to devastating mistakes in managing risk.
The best set the company’s course, communicated it broadly and were ok if some shareholders chose to sell the stock. In contrast, there was one who set the company’s annual budget based on meeting sell-side earnings estimates. Here the cart was firmly before the horse.
The best: one of my bosses was insatiably (almost obnoxiously) curious; he would stop people in the hall to ask about some detail of their business, or some tidbit he had heard in his travels. He peppered nearly everyone he met with questions, including unsuspecting taxi drivers. His business reviews were exhausting, detailed affairs, akin to mental marathons, in which explanations were not taken at face value. The result was that everyone operated at a higher standard.
On the other hand, I once sat through an entire business review in which the CEO didn’t ask his managers a single substantive question. Instead, he opined on his view of the business to (or at) the assembled businesspeople.
The best: at one firm, the culture was to hire unconventionally, bringing in people with a broad range of backgrounds. The talent we uncovered, where others weren’t looking, could be amazing. In contrast, a couple of CEOs surrounded themselves with a long-tenured “inner circle” and filtered information through them. One of the many reasons for the financial melt-down was the unexamined groupthink that pervaded Wall Street, enabled by senior managers “breathing the same air.”
The best didn’t just say he cared about employees in the Corporate Value statement. He actually did. And he demonstrated it, in one case using his Board contacts to find a top specialist physician for the dying girlfriend of one of our employees (an employee he had never met, by the way). This rippled through the company like wildfire and was a source of pride. At another company, while the Corporate Value statement said about the same things, one long-time senior executive was fired while he was on vacation with his family (!)…..and was given the responsibility of announcing it to his management team in a conference call scheduled for 30 minutes later (!!) Oh, and it was a reorganization; the guy was not fired for cause. This too rippled through the company like wildfire, but in a very different way.
The best CEOs gave thoughtful, detailed performance feedback to his directs on a regular basis. In contrast, I worked in one business that coupled forced stack rankings of employees with anonymous 360 degree performance reviews. What those reviews lacked in pettiness, they made up for in nastiness, as employees tried to improve their own relative standing by anonymously criticizing their peers. Lovely.
The best CEO was highly visible during the financial crisis; even if he was saying the same thing again and again, you had no doubt that he was captaining the ship. In contrast, one leader hunkered down and nearly stopped returning phone calls as he worked through the issues. The work and mental effort were admirable, but the lack of visibility fed enormous anxiety at the company.

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