Independent Analyst| Financial Literacy Advocate| I write about PSX, economy, investing, taxation & building wealth
Joined July 2025
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RedZone Wanderer retweeted
How is it justified to tax someone earning Rs. 10,000 in capital gains on securities/shares at the same rate as someone earning Rs. 10 million from the same source?
Which principle of taxation supports such a system? Do both individuals have the same ability to pay?
Shouldn't this approach be reviewed and replaced with a progressive tax structure based on the taxpayer's ability to pay?
RedZone Wanderer retweeted
پنڈی اسلام آباد میں کرکٹ میچز ازیت بن چکے ہیں۔ ایک بندہ نہیں ملتا جو کہے کہ پنڈی اسٹیڈیم میں میچ کرایا جائے۔ اللہ اللہ کرکے ایک کرکٹ میچ ختم ہونے کے قریب تھا تو خبر ملی کہ لاہور والاٹیسٹ میچ بھی پنڈی منتقل ۔ سرکار کی جانب سے دی جانے والی سزا ختم نہیں ہو رہی
RedZone Wanderer retweeted
The fiasco of One Constitution Avenue clearly indicates that there is no one to protect and preserve property rights of individual. Whoever committed fraud hang him but how you cannot protect those who paid from hard earned money to purchase property.
RedZone Wanderer retweeted
Silver in 1980 ~$49.45 🗿
Silver in 2026 ~$48.80 🤡
@grok Verify if people who bought in 1980's peak are still in loss even after 45 years?
RedZone Wanderer retweeted
Fauji Fertilizer Company (FFC) has been my long-term holding for years.
You have read the technical analysis of the company everywhere.
Let me share how I also think about other things while purchasing its shares and why this one has worked out well so far.
A thread for those who think beyond the financial statements and charts. 🧵👇
RedZone Wanderer retweeted
SBP announces its policy rate this Monday.
Everyone "knows" the rule: interest rates up, stocks down. Simple, clean, and often wrong.
Don't panic sell if rates go up. The real impact depends on more than just the number itself 🧵
RedZone Wanderer retweeted
There will be better organisation: Pakistan Tax Authoruty:
The alternative has long been available. We argued for integrated collection in “Case for ‘NTA’”, published in Business Recorder on 27 November 2015. Our books, Tax Reforms in Pakistan: Historic & Critical View and Towards Broad, Flat, Low-rate and Predictable Taxes, document the recurring failures and propose institutional reconstruction. Pakistan does not suffer from a shortage of proposals. It suffers from refusal to implement those that disturb entrenched power.
brecorder.com/news/40445522/…
primeinstitute.org/wp-conten…
file.pide.org.pk/pdf/Books/T…
RedZone Wanderer retweeted
Bull markets attract investors. Difficult markets teach them how to invest.
Many new investors entered the Pakistan Stock Exchange during the bull run, experiencing rising prices but never the frustration of a stagnant or gradually declining market.
They must understand that market corrections are a normal part of investing. A falling share price does not necessarily mean a deteriorating business.
If you have invested in fundamentally strong companies at reasonable valuations, short-term volatility should not shake your conviction. Of course, fundamentals must be reassessed as circumstances change.
The greatest losses often come from speculation, chasing momentum, buying weak companies and acting on market tips without understanding the underlying business.
The stock market is not a shortcut to wealth. It is a mechanism for building wealth over time.
RedZone Wanderer retweeted
Except for a few exceptions, investing in IPOs on the PSX over the past few years has hardly been a sane investment strategy.
Newly listed companies must deliver performance, uphold transparency and earn investor trust. Capital is attracted by promises, but retained through performance.
#PSX #Investing #StockMarket
RedZone Wanderer retweeted
UBL: Repos and the Difference Between Size and Risk.
Khurram Husain in his Dawn’s article is right to question the extraordinary size of UBL’s repo-funded government securities portfolio. A position of this magnitude deserves scrutiny, particularly for concentration, duration and rollover risk.
But I disagree with the conclusion that its size, or its multiple of UBL’s equity, establishes regulatory failure.
A repo cannot be viewed as borrowing in isolation. UBL has acquired GoP securities and funded them through collateralised repos including SBP’s normal liquidity operations.
The liability therefore has a corresponding sovereign asset and collateral behind it. Comparing gross repo borrowing with equity while ignoring the other side of the balance sheet materially overstates the risk.
Nor is this activity outside the bank’s institutional role. UBL is a Primary Dealer in government securities, a market in which SBP itself injects liquidity against MTBs and PIBs.
That does not make the strategy risk-free. The real questions are whether UBL has excessive duration risk, whether it could withstand materially higher repo costs or reduced SBP liquidity, and whether the concentration remains prudent relative to its capital.
Those are legitimate regulatory questions.
But a very large, collateralised sovereign carry position is not, by itself, evidence of an unsafe bank or regulatory failure. That conclusion requires evidence about the risks behind the numbers, not simply the size of the numbers.
RedZone Wanderer retweeted
My both children were born in same ward of PIMS in 1990s where 14 unfortunate newborn babies died last week with criminal negligence.
I was in gov job those days and couldn’t afford a private hospital. Facilities at PIMS used to be reasonable at that time. I didn’t have any bad experience except minor hiccups when my baby son and daughter were born within a gap of a year. When my daughter was born in 1995, I took a private room in PIMS and paid for charges of around Rs. 3K as it wasn’t covered in my entitlement. My then gross monthly salary was around Rs. 10K and I submitted this bill to my Ministry for reimbursement. The bill was to be cleared by Health Ministry and Accountant General Pakistan Revenues (AGPR). I followed that file for few months but gave up as it was lost in red tape. I vividly remember that it was third birthday of my daughter when one of my ex-colleagues (Mr. Zahid) kindly brought me a cheque of Rs. 3,000 and told me that it was medical bill reimbursement of birth of my daughter. He told me that after spotting my file under a dump in AGPR with “audit objections”, he took that file to various offices and desks by hand to have the objections removed, got the cheque made and brought to me. What a joyful day that was, alhamdolillah, which we celebrated with chai and samosas.
There’re still many good guys in gov hospitals or orgs. Many times, I’ve found junior level staff and young officers in gov quite helpful. When they move to top, their attitudes change, pride takes over empathy and they get immersed in “kiss up and kick down” culture. But there’s a hope in people like Sister Razia Noreen, duty nurse at PIMS who risked her life to save a baby while others fled. She said “what I did was simply my duty. I don’t desire any award or prize for saving that baby, I merely fulfilled my responsibility". She’s a real super hero, sister of the entire nation. Her character towers the rest of all our so-called VIPs.
When our youngsters say there’s no hope in this country, they’re dead wrong. There’s hope in this country in people like Sister Razia Noreen. Be like her. Don’t curse the darkness - lit a candle.
RedZone Wanderer retweeted
Oh God. At several places i've seen joints in inverter AC power cable. Mostly in older homes and offices where power point is a bit far and standard cable falls short. Change that. If there are curtains near the cable, change it immediately.
RedZone Wanderer retweeted
1. Moody’s and other global credible rating agencies have upgraded Pakistan’s rating. These upgrades are very important in a sense that they believe pakistan is now out from economic ventilator and on a path to sustainable economic growth. The slow it is, the better because we are import driven economy and cannot afford rapid growth at the expense of depleting reserves and balance of payment crises.
2. Historic reforms being made that have never been made before as first we witnessed PIA’s privatisation and now privatisation of DISCO’s.
3. Chronic Gas circular debt resolution is also in progress and may get finalised which will create additional fiscal buffer space for Pakistan.
4. Pakistans debt to GDP is improving (although elevated by direction is in favourable downtrend).
5. Pakistans global standing after Pakistan India skirmish then followed by defence agreement with KSA and now recent Mecca Defence Agreement, peace role being played by Pakistan, Economic ties with Kuwait, global acknowledgment of Pakistan’s defence capabilities, peace efforts etc, improving relations with US at the same time while maintaining cordial relations with China and other countries.
All above stated points are positive for Pakistan Stock Market and despite that if market is not performing then it is a blessing in disguise and is giving an opportunity to accumulate more.
Albeit pakistan is a country that has always remained risky in a sense that no govt has been able to fully complete its term. After kashmir elections, relation between ppp and pml N has turned bad and followed by discussions on provinces which might create further rift if it gets serious with time.
So make your investment decisions depending on your risk appetite.
RedZone Wanderer retweeted
Most retail investors on PSX never read an annual report.
They rely on brokerage summaries, tips, and price movements instead.
That gap between them and investors who do read annual reports is exactly where returns are made. Here is how to do it in 30 minutes. 🧵
RedZone Wanderer retweeted
When you enter the third stage of your life, your joy changes. It’s no longer about being successful yourself anymore—the greatest thing you can do is help others be successful.
That is why I wrote Principles in 2017.
Over my life and career, every time I encountered a situation and thought about how to make a decision, I took the time to write down the criteria I would use. They became recipes—written principles that others could look at, challenge, and use to find clarity. Eventually, we even put many of these into algorithms so computers could make decisions with us.
Writing them down changed everything for me. Now, I hope anyone who reads them can take these recipes and decide for themselves what works for them.
#Principles #Mentorship #Leadership
RedZone Wanderer retweeted
Three companies are now worth over PKR 1 trillion on the Pakistan Stock Exchange.
Meezan Bank has officially joined the PKR 1 trillion club, becoming the first Islamic bank in Pakistan's history to reach this milestone. It now stands alongside OGDC (PKR 1.44 trillion) and UBL (PKR 1.12 trillion) as the three largest trillion rupee companies on the PSX.
It shows how much investor confidence has grown in Pakistan's banking sector. Today, 5 of the Top 10 companies by market cap are banks, proving that financial institutions continue to lead the market, while energy giants like OGDC, Mari Energies, and PPL remain key pillars of the PSX.
RedZone Wanderer retweeted
The goal is not to get rich overnight. It is to make sure your savings hold their value and grow over time.
Inflation is the silent tax. Investing, even conservatively, is how you fight back.
Every year you wait is a year inflation wins. 👇
RedZone Wanderer retweeted
A high dividend yield on PSX feels like free money.
It is one of the most seductive numbers in investing. It is also one of the most misunderstood.
Here is why chasing dividend yield on PSX can quietly destroy your capital. 🧵
RedZone Wanderer retweeted
Meezan Bank: planning a stock split?
I am not sure, and there is no official confirmation. However, discussions about a possible stock split are being heard in different circles. Given the strong share price appreciation over the years, a split could improve affordability and liquidity for retail investors.
For now, this remains market talk and should be treated as speculation unless confirmed by the company.
This is personal analysis, not investment advice.
#MeezanBank #MEBL #PSX @MeezanBankLtd #PakistanStockMarket #Stocks #Investing #MarketAnalysis
