Will_Bite
Prime Minister (20k+ posts)
Like you have all the data how much brokers have and how much a poor Mazdoor fighting for the night meal for his family ---- just dont be so much idiot man. I know you will pretend to be snail here if you have to.
What the ef was need of allocating fund like this to begin with?? Who the hell in common public going to benefit from it ???
I very clearly remember you screaming about the stock market just as loud when the index was going down. So Im not sure what side of the fence you are on, or are pretending to be on. Bottom line is, you are a
thaali ka baingun,
bharay ka tattoo,
karaaye ka ghunda,
qeema naan wala patwari,
and whatever else fits with the above description.
Default funds are a permanent fixture in most stock and commodities exchanges around the world. Part of those funds are funded by the govts. Part of them are funded by the clearing firms. Part of them are funded by the brokers. They are meant to prevent a collapse of the market.
PSX doesnt have a default fund. If it did, it wouldnt have had to be sold to Chinese partners in order to pay off investors in 2017. And thats when your beloved Dar was the finance minister, busy ripping the country inside out.
How will the common public benefit from this? The common investor holds small investment accounts. They benefit by not losing their entire savings if the market crashes.
Now I remember asking you a similar question back when you used to gloat about the market going up to 55,000 during PMLN era. And I asked you, how will the common man benefit from THAT. And other than peeping your pits, you had nothing to share.
You need to get your head out of your *** and shed that aura of arrogance.