a msn conversation…amazing perception of people

rehanalm73 says:

Hello Marium,  How are you all ?

meyum says:

good good

meyum says:

hopw are you all?

rehanalm73 says:

Yes, Alhamdulillah, we are all fine.

rehanalm73 says:

What is happening with the economy there ?

rehanalm73 says:

Are things getting tougher or levelling off now ?

meyum says:

hahahaha….something i cant sum up in one line

meyum says:

they are ok

meyum says:

we are livingg

rehanalm73 says:

No.  Seriously.  Mahmood wants to return to Sadiqabad and push the sales but if coming is tight or if inflation is really high people might not want to buy land.

rehanalm73 says:

I meant ‘but if money is tight’

meyum says:

well aunty

rehanalm73 says:

Pakistan is top of the list here in that region – for failing economy and huge international debts which the Pakistani govt is unable to pay.  They are asking for something like 3 Billion Dollars within the next month from the IMF.

meyum says:

im probabl;y the wrong person to say anything

rehanalm73 says:

OK.  I thought as you are working and perhaps reading the papers, watching the news etc you might have an idea.

meyum says:

no i ammm

rehanalm73 says:

The people we know in Sadiqabad are mostly landlords.  They seem to be OK come what may.

meyum says:

but this is more detailed thing that you are asking

rehanalm73 says:

I will probably speak to our Bank Manager in Sadiqabad and see what he says.

rehanalm73 says:

My experience of Pakistani people – generally I mean – is that they all seem to be muddling along whatever the economic state.

meyum says:

yes because we live here, and we cant exactly run away in the face of any failings that may come our way

rehanalm73 says:

They showed Zardari on TV last night – the IMF refused his request for a large sum of money – then China also refused.  One of the Ministers came on TV to say that if they don’t get 3 Billion Dollars within the next 30 or 45 days the country will face melt down – whatever that means …..

rehanalm73 says:

Even here last night they stated that we are officially in a Recession.  We are in negative growth now. 

rehanalm73 says:

All doom and gloom.  Next year, 2009, is going to get worse here they say.

rehanalm73 says:

I remember the last recession in 1991/92 which went on for about five years.  It was really tough then too.

meyum says:

we are aware of this…but again, melt down or degfaulter or whatever t is…people who are living in Pakistan have to work things ouyt accordingly

meyum says:

we dont have the choice to “opt out or not”

rehanalm73 says:

Yes it is the same here too.

rehanalm73 says:

Small business here in generally are facing a really bad time.  The banks are withdrawing their overdraft limits and even refusing them loans on a day to day basis.

meyum says:

ofcourse, because there is general worldwide economic crunch happening

 

 

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