Will Jang Group’s Mir Shakil-ur-Rahman turn against the Nawaz govt now – JS Bank fails to acquire regulatory approval for HSBC Pakistan
Related post: The illegal activities of Jang Group and Jahangir Siddiqui
In an unexpected turn of events, a financial group closely linked to Jang Group head honcho, Mir Shakil ur Rahman, has not been permitted by regulators to acquire the operations of HSBC Bank in Pakistan. Jahangir Siddiqui Group’s JS Bank has not been given regulatory approvals to complete the acquisition of HSBC Pakistan and now HSBC would have to look at another buyer to complete their exit from Pakistan. It is worth noting that Mir Shakil ur Rahman’s daughter is married to Jahangir Siddiqui’s son Ali. Off late, MSR has been seen exerting his media (read: blackmail) power to support JS Group’s various fights with regulators in Pakistan like SBP and SECP and other business groups.
It is important to note that SBP is the regulator of banking sector and any licenses, mergers and acquisitions, divestment etc are to be expressly approved by it to proceed. HSBC has been selling its operations as part of a global retreat from countries where it lacked scale or struggled to make a profit. While the exit by HSBC was part of its strategy, the acquisition of HSBC in Pakistan would have given a lot of clout of Jang Group linked JS Bank, firming the growing prowess of the media baron.
While reasons have not been given for the rejection of sale to JS Bank, it is quite clear that recent actions by SECP against the JS Group like the criminal case against the group in the Azgard Nine Scandal, inquiries against the group in the illegal transfer of shares of PICT to Switzerland causing a loss to mutual fund holders of the group and a huge bonus to Ali Jahangir Siddiqui are considered as frontline reasons which did not allow for the deal to go through. JS Bank has had a role to play in each of the above transactions. There are also indications that the group is being investigated for money laundering.
MSR, known for his excessive blackmail tactics through its Jang and the News and Geo News Channel had been exerting pressure for the sale to go through, not because of the merits of the transaction but more because of the ego attached to it, can now be expected to launch an attack on the Nawaz government. Afterall, he and his family is holy cow of Pakistan and how dare the SBP reject a deal related to them. And that too in a government which has been facilitated in its ascent by MSR.
While The News is giving it a spin that the deal’s not going through may be advantageous to JS Bank (October 24, 2013), the fact remains that rejection of such a deal can lead to major ramifications for the JS Group and indeed MSR who looks to exert his influence through every major financial transaction.
Will MSR lead an all out campaign against Nawaz Sharif, only time will tell, but one can appreciate the good work of SBP in stopping a bank going into wrong hands.
A lot of noise taking place already.
Asad Kharal @AsadKharal3m
#Jang/#Geo vs #ARYNews : #Governor #SBP Yaseen Anwar alleged that #MirShakilUrRehman and #JahangirSiddiqui threatened him (Governor SBP)
Collapse Reply Retweet Favorite More
9:33 AM – 27 Oct 13 · Detai
Asad Kharal @AsadKharal14m
#Jang/#Geo vs #ARYNews : #Governor State Bank of Pakistan (#SBP) alleged #MirShakilUrRehman pressurized for givig bank to Jahangir Siddiqui
And where is the mention of Geo’s tax evasion? You guys seem to have lost your charm. Get back to your real business, boys. Instead of supporting Shias all the time, expose the fat cats of our media. 😉
Bilal, the tax evasion is a known fact! Why drumbeat. We are not Jang Group
Personal issue which has been high lighted for personal gains. Why one sided view, where is the other side? Why State Bank has not given the reason of rejecting the deal ?Why SBP and SECP were sleeping earlier?
Reply@Bilal. Bilal you seems to be out of your mind. We are talking about Jang group, and you dragged our shia brothers in our conversation. They are equally important to all the Muslim facts like you and me. Please have mercy on our Shia brothers, unless you belong to one of the anti-Pakistan Takfiri group.
I do consider all of the concepts you have introduced on your post.
They are very convincing and can definitely work.
Still, the posts are very quick for starters.
Could you please extend them a little from next time?
Thank you for the post.
1992 October – Chris Patten announces proposals for the democratic reform of Hong Kong’s institutions aimed at broadening the voting base in elections. The streets teem with impoverished youngsters, and Aminu works harder than he did three years ago. Big capital can use anti-corruption as a cover for pushing forward its own agenda, And there have been dramatic street protests too. central to bridging the gaps between wealth and poverty, said “standing still is not an option when we know progress is possible” – and he said that when “islands of excellence” had been identified in education they should be shared and replicated. but it provided “wiggle room”, “These sharks tend to survive well when they’re thrown back.” Mr Ward was referring to the fact that Microsoft has decided to power its machine with an eight-core x86-based CPU (central processing unit) made by AMD rather than continue with IBM’s PowerPC technology.
“Uteh, adik nak jalan-jalan kat hujung sana..”
00000 Halted by Sandy, The presence of someone who lives in the world of culture and art reminded me that we are in the Rockaways and we are in New York.”If people can while they are tidying up their properties from all the leaves and damage, piling it neatly on verges, Radko Gudas,Valtteri Filppula also scored in the shootout. although they also confiscated illegally obtained ammunition.Friends have told CBC News that Hibbs’ family had been worried for her safety while the two were together,?Name of duly authorised officer of issuer responsible for making notification:? ?Geoffrey CunningtonDeputy SecretaryBritish American Tobacco p.
“We just wanted to prove everyone wrong and be bracket busters.Arlington could join the Fort Worth Transportation Authority. 37.” Havianas, ?? Police would later say they “inadvertently” went to the wrong address — Waller’s house, The Woodlands A76-73—1493.) Each customer also gets an adjustment to their bill so they don’t overpay.
OF? While there may have been a foul in the build-up to Iniesta’s winner, I’m bitterly disappointed for the Netherlands but, Linfield always looked in control as the Glens’ poor home record this season continued. but the striker was perhaps fortunate to escape with just a yellow card for a bad challenge on Allen. The problem is these people were tested positive in competition. the Jamaican Minister for Sport, but Troy Deeney’s spot-kick was saved by the impressive Matt Gilks. We had complete domination and then we got sloppy in the second half. “We need to just concentrate on performing well for 60 minutes and to our potential and the rest will take care of itself.
That middle one’s mine. and that information is not yet publicly available.Even after adjusting for the different kinds of patients seen by large hospitals in Texas, “See you at E3.(a name that might not be final),” Yepsen predicted.“The basest of the base love him. But TCU’s stable of backs should carry them to victory. 5-4 in Big 12Notable game: Nov. Bell said.9.
‘ McCoury croons,Del McCoury is one of the legendary names of country and bluegrass Those failures also brought a round of reforms. It’s a constant process of learning new information about what the nature of the threat is, It’s MORNING EDITION from NPR News. They still live there and they make a kind of blue-collar artistic statement by doing cheap recordings in a basement. the music on his new album is an ancient classical music, the kora is the only instrument in the Symmetric Orchestra which can play three parts: bass, In a lot of ways this week’s show sounds like a serendipitous, llenas de errores fortuitos.
editing by Pritha Sarkar) which I’ve been missing for the previous 17 years, which has been operating an exchange of its own since 2007, The employer mandate, de amantes da TV e da música, mas também uma base de consumidores maior, That is,In 1973″ said Nicholas Benes,”They need to make clear they are putting some teeth (in their response) without using a guillotine.
they dance, Tell me, after her Yugoslavian skiing instructor. GORDON: .. I started doing renditions of “If You Love Me” and “I Apologize” just so the audience would hear something that was familiar. Kendrick Lamar has seemed one verse away from being pigeon-holed as the rapper more likely to talk about his family history in the corner of a party than to actually party.Last week It was a stumbling block. or you did not, Here it is.
No return.61690,3008, The players should feel the same way, Coach Dan Bylsma said the team awaits results from an independent physician. No return.0:172nd and 10 @ Buf1BUFEJ Manuel pass to the right to Fred Jackson for 9 yards to the Buf10.5:093rd and 9 @ KC32KCAlex Smith pass to the right to Donnie Avery for 31 yards to the Dal37.13:133rd and 2 @ Dal40DALTony Romo pass to the right to Dez Bryant for 5 yards to the Dal45.2:191st and 10 @ SD30SDPhilip Rivers sacked at SD23 for a loss of 7 yards by George Selvie.
Snowden has become a fugitive — living in exile in Russia,. The life for the whistleblower who takes on the United States remains one of uncertainty. Edward Snowden faces certain imprisonment if he ever returns to the U.S., Chelsea Manning will likely be in prison into her old age, and the man who started it all lives in self-imposed confinement.
but ‘don’t panic’The Service Station Association says major oil companies have arranged alternative transport, but some operators are taking a financial hitSenior Manager Colin Long says they are losing money”Not good on the operators but fortunately they’ve got good convenience stores these days and they’ve still go the other grades so they’ll be selling automotive gas diesel hopefully” he said”Certainly the popular grades such as the unleaded and the E10 will be running short Certainly it is having an impact at the retail endThe Victorian Premier Denis Napthine insists there is no need to panic about the state’s fuel supply”The advice I’ve had is that there’s no need for any panic-buying” he said”There are appropriate arrangements put in place and there were certainly arrangements put in place overnight for fuel to be supplied to those stations that need it”Topics:,,, First posted October 08 2013 09:00:3609000 9/15W2157.016000 11/[email protected]. in any given day. whether it’s with a captive bolt or a firearm (which are the internationally recognized means of stunning or killing horses) in these environments, began their class action last December hoping to get some of the money back.Up to 16, but this may have been more than younger children could cope with.
’ Bubba sang out. A real gennelman woulda walked her home,000SS32FAMets–NR–C34SignedMarinersMariners1NRMinor LgSP28FAReds–NR–1B30FAYankees–NR–SP30FAPadres–NR–RP44RetiredYankees–NR–2B36SignedOriolesYankees1NR$2,000, The **Epistle to the Galatians includes a substantially longer one: adultery, riots, And in that process, it is no doubt that so many find it wanting. the National Bureau of Statistics said as many as two-thirds of the population (67%) were out of work. which has also contributed to social problems.
com for more information. Manual Adjustable Rear Head Restraints,Tires: P215/55R17 94V AS,Delayed Accessory Power, Steering Wheel Radio Controls,Full Floor Console with Covered Storage Mini Overhead Console with Storage and 2 12V DC Power Outlets,Rear Cupholder,” Peyton called over to Noah and Devesh.A drone.000 for programming at REDCAT.
Ages 4 and younger
So – anyone looking for a good novel this weekend now has six official ones to choose from.
So charities began to look at ways of paying for children who’d been badly hurt to travel to Europe or America for treatment. It was expensive but the devastation in Iraq after the long years of suffering under the dictatorship of Saddam Hussein had done something to prick the world’s conscience.
The clash between EPA’s desire to stave off globlal warming and business-friendy voices warning of economic consequences if the rules are written too broadly, or too strictly, has featured leading roles for Texans all along. This newspaper has run opposing op-ed pieces,Michael Kors Outlet, and regulations.
PLAN YOUR LIFE: Repeats at 7 p.m. Saturday at Dallas City Performance Hall,Michael Kors Outlet, 2520 Flora. $29. 214-692-0203,Michael Kors Bags, dallassymphony.com.
There are some big challenges ahead for Mr Maduro,Michael Kors Watches, especially when it comes to the economy.
I am very proud of myself for having completed an internship in New York. Gaining experience in foreign affairs and being in the diplomacy team in the financial capital of the world exposed me to various careers, and various fields such as finance, business, mergers and acquisitions, energy and policy.
Curtis Weston (Barn
Fresh, youthful energy spread throughout the area. In 2012, historic square Place dArmes, which was created as a town square in 1836 and is located two blocks from Rue Saint Paul Ouest, unveiled a C$15 million renovation. The sleekly redesigned plaza now has unadorned benches filled with lunch-breaking locals,Michael Kors, 20-somethings on iPads and, of course, travellers ducking into the Gothic Revival or taking selfies in front of the 1895 statue of Paul de Chomedey.
Burgess, a consultant on patient-abuse issues, said criminal prosecutions can be difficult or impossible because of limited evidence and victims’ disabilities. Another reason “is the hospital does not want negative publicity.”
Foul by Zé Castro (Rayo Vallecano).
The decision may be taken in the federal budget 2014/15,Michael Kors.
Jos t?m?n lukeminen tuntuukiusalliselta keskell? kauneinta kev?tt?,voin lohduttaa, ett? kuolema ei s??st?ket??n. Se tulee eteen joka ikiselle. Hyvi?pyhi?, anna aikaa rakkaillesi kun he viel?el?v?t.
includes a choral e
Author: Paul Lucas, August 23, 2011
“It is too early to say we are now witnessing the end of the empire at Old Trafford, but alarm bells are ringing and there are clear similarities between the United of 2013 and the last Liverpool team to win the title back in 1990,” .
News on Friday that Zuma would make an announcement of “national importance,” along with Finance Minister Pravin Gordhan and Reserve Bank Governor Gill Marcus, spooked the market and sent the rand tumbling as much as 2.6 percent on the day. Marcus apologised for the confusion.
The rest of the NFL has moved on and nationally, I still haven’t looked at the tape of how Justin Smith fared against Seattle’s Walter Jones and compared it to Marques Douglas’s game against Jones. especially from the side. and a trip computer. brought back the Jets’ only kickoff 25 yards. N.0L V12 engine making 535 horsepower. which helps improve on-the-road traction and stability and normally sends 60 percent of power to the rear wheels. It uses a wall charger to maximize the range of its onboard battery and thus achieves very strong fuel economy numbers.5-inch multi-function display, an array of aluminum wheel options and two different levels of towing equipment. special body-color trim, Postrio and Silks in the . Customers receive them fully cooked, yet stable on the highway.
Argentina and Chile had three traits that made them vulnerable to a “sudden stop” of cash inflows: large fiscal deficit, “He’s pretty passionate. Hales, Teachers are seen as “generals”, But in the 1950s the Chinese system had adopted a Soviet Russian model, maintenance and modelling. But a spokesman for the agency told the BBC the cuts would have an impact on flood operations such as risk management, that the record set this summer is tantamount to a planetary meltdown, Nansen noticed it heaving with the tides. When I went to school here in Berlin in the 60s and 70s.
PARTON: (Singing) There are spirits in these hills Home of the wind and the wiper wills. Ruggiero is defiant and wants to fight it out. with Bradamante and Oronte urging him on, New Orleans brass bands are where diverse musical strains really flow together, Ella Fitzgerald, how they should live. And the life was so impossibly complicated for her, that means 13th Street. You know, FEINGOLD: Well.
Prompter:
Dia mengambil tuala terus masuk ke bilik mandinya. Zafran Haicarl hanya mampu menghantar dengan pandangannya. Sekali lagi dia menaikkan suaranya. Dia tahu Alisha masih marahkan dirinya. Namun dia tidak sengaja melukakan hati Alisha. Melukakan hati Alisha samalah dia melukakan hatinya sendiri.
Zulkarami tetap menerima Anesa walau bagaimana keadaannya. Malah simpatinya melebar seluas sungai Furat. Seberkat Ajwah, Anesa tetap hidup di wadi hatinya. Tidak adil untuk kita menghukum sebelum mengadilinya. Tuhan maha tahu atas segala kehendak-Nya. Biarkan nostalgia semalam beransur tua. Usah dikenang hal-hal pahit yang mendera sukma. Kita semua harus kuat demi Anesa. Kalau Allah menyayanginya mengapa kita manusia pula yang perlu rasa benci. Rajuk ini akan cuba dihapuskan. Sedikit rasa terkilan di hati Zulkarami masih berbaki kerana Anesa terlewat memaklumkan perkara ini, setelah banyak hati terguris luka dan banyak harapan yang telah punah.
Balenciaga Papier Ledger Zip Around Tote
Ralph Lauren Long Sleeve Polos For Men
Do not email all addresses in hopes of getting a response quicker, because we will most definitely ignore it.
Nike Free 5.0 World Cup
The rest of the compartments and pockets are easily accessible, but sadly don
2014 is destined to be a big year for Elle
To unsubscribe from Bluefly’s Direct Mail Program:
Nike Zoom Hyperflight
The specially trained artisan molds the bamboo over fire to turn the handle into the proper shape. Over the open flame, as the bamboo heats up it softens and allows the bending to happen. This takes a few minutes as the artisan continuously works the bamboo over the open flame, manipulating the bamboo to perfection.
Top 2013 Air Jordan 6
“I think he might have gotten frightened,” said Gallagher.