This week, we had Waqar Zaka on our minds. It isn’t necessarily the best thing to have on one’s mind (particularly during a holy month) but it was definitely there, especially because of how he continues to have success giving cryptocurrency advice to mostly young men that idolize him.
The problem is that this isn’t even the strangest thing happening right now, and as one of the tweets in this week’s round up points out, decisions being made recently are saner than expected – almost too sane for our liking. Unfortunately, this kind of skepticism comes with the territory, and all we can really hope to do is keep our readers informed, and clutch onto our seats and hope that nothing catastrophic happens. Ariba Shahid brings you all this and more in this week’s social media round up.
- We repeat, financial inclusion is a necessity
Normalize opening bank accounts for all the women around you(wives mothers sisters daughters).Joint if they want or individual if they don’t. End of your life shouldn’t mean end of theirs just because of un managed banking & lack of access. It’s upon all of us to make sure
— Faizan Siddiqi (@faizansiddiqi) April 29, 2021
Financial inclusion is something we feel strongly about. No, it should not be limited to pink check books and sign boards. It requires men to step up and help the women in their household to open accounts. It also requires the men at banks to be less daunting and scary to the women that show up to get their accounts open. They should be proactively welcoming and encouraging. Faizan Sidiqi rightfully says, “normalize” it because until it is treated as a privilege or a novelty, we won’t get anywhere with financial inclusion.
- Shady investments
Imagine a listed company discloses material info to dispose off prime commercial real estate. After doing some due diligence, you find stock to be extremely cheap once the deal is concluded.
However, main question is whether company will actually show full value in accounts
— Rasheed Narejo (@narejo) April 29, 2021
In this thread, Rasheed Narejo asks an important question about how capital markets can ever take off in a country where shareholders do not trust the books. The SECP, PSX, and Audit Firms in Pakistan need to make sure they have the trust of the public. In March we wrote about the Hashimi Can Company that was going through a buyback of shares. Pakistan’ continues to have a trust deficit, and as long as businesses and investment remain shady, there will be very little hope.
- Waqar Zaka alternatives
Waqar Zaka has 32000 members in his paid crypto signals group. The subscription is Rs. 1250 per month.
– Kidher hain hamaray PSX and investments waalay log? pic.twitter.com/Ar4Jt2SCtW
— Syed M. Saad Ahsan (@saadahsan) April 29, 2021
Waqar Zaka has 32000 members in his Facebook group where he gives crypto investment tips. He charges Rs 1250 per month from members. If that isn’t sheer genius on Zaka’s part, then we don’t know what is. However, we would suggest you save your money and get a Profit subscription instead. No disrespect to the towering intellectual giant and fearsome cruncher of numbers that is the enigma Waqar Zaka, but we would humbly say that we’ve got a few things that make us a better option for budding investors. We’re real, we’re authentic, we’re definitely PG, and we’re much easier to like. Oh, and also, we’re cheaper.
- Table it already
What is the status of SBP Amendment Act? Can it be shared with us now or is it still under wraps?
— DMKM (@2paisay) April 30, 2021
Remember all the noise about the SBP amendment bill? Well it’s all hush now except for people that are genuinely interested in the bill asking about its contents and what is taking it so long? Important to note that unless it isn’t tabled, one can’t get a look at the official document. We’re wondering the same thing, but all that can be done for now is to wait it out and hope it gets tabled sooner rather than later, preferably with an explanation about what in the world took so long.
- Twitter in the driving seat?
What is happening? Brain can’t compute: exams cancelled, vaccines being procured, finally (maybe) focusing on agri to boost economy, less political noise, reconciling lost sovereign relationships, stable CAD position. Did it finally happen, is twitter running the country?
— Azam A. Khan (@AzamAKhan2) April 27, 2021
Very, very, politely, we would ask Azam Khan not to repeat this simply because we’re afraid he is going to bring down the commentator’s curse on all of us. For the longest time, we have been complaining that the government is running on whatsapp, and we’ve been praying that the government turns its heads away from those scrumptious ‘forwarded as received’ messages and look towards Twitter, where (some) saner minds do exist.
Perhaps that wish has finally come true, as Azam Khan is pointing out and in the process dangerously tempting the Gods of fate. Then again, all CSS officers and politicians make their way to twitter as soon as they have office. There must be something we’re missing out on. Our only suggestion is that Azam Khan should touch wood because he might jinx it for all of us.
- Retirement regrets?
My favorite op-eds are from those who have either been some secretary, or member of some commission, some ministry, and so on — and prescribe radical solutions on paper.
Lmao if you are so smart, why didn’t you do the same while you had all the power, influence, and resources.
— Ammar Khan (@rogueonomist) April 30, 2021
Everyone has an opinion. Only some of them make it into op-eds. Ammar Khan shares our frustration over op-eds from people on how to change things up or fix things AFTER they no longer have the power to do so. It is nearly as bad as cricketers starting Youtube channels and advising the top players of the game after their less than prolific careers.