New Skylines, New Challenges
By Dr. Hassan Isfahani • Mar 20th, 2008 • Category: Politics, Worth A Second Look • 3 Comments •Stage is set for the new government to come in and start acting. Curtain is rising and the first claps of the audience are ending. It’s time to perform. There is no honeymoon whatsoever for the newly weds. Crisis upon crisis, and challenges upon challenges are waiting with to engulf the resolve of these parliamentarians of joint coalition.
Where this joint coalition has given lots of hopes to the hapless people of Pakistan as the rivals of yesterday have turned into allies of today, and they have sworn in to fight together, the biggest challenge for PML-N, PPP, and ANP is to stick together and to not to let enemies create fissures among their rows. I am not counting in JUI-F, because I believe wholeheartedly that they are the pawns of establishment and they will bite the coalition in the back, exactly as they acted when they were in opposition. You simply cannot trust upon Fazlur Rehman.
Plethora of challenges include the supremacy of constitution, restoration of judges, and the assurance of freedom of media. A reinstated judiciary and a free media would be helpful for the new government itself. Because it will notify the shenanigans of the establishment and President House to undermine the coalition. Right now media is doing a fine job by highlighting the daily visits of PML-Q and MQM to President House, and it’s media which is showing the true face of Established-Makhdoom, and it’s the media which is telling the story of how establishment is fighting tooth and nail to bring yet another Jam Sadiq in the Sindh (i.e. son of Makhdoom Amin Fahim as Chief Minister of Sindh).
Besides of these lofty ambitious challenges, more down-to-earth scourges are the life-taking price hike and extreme poverty coupled with frightening unemployment and shortage of power, gas, clean water, and foot items. The previous government was the patron of hoarders, price-manipulators and the looters, while there was no relief for the common man, and the so-called “trickle-down” effect of Shortcut Aziz is yet to be seen.
With these horrendous challenges comes lots of opportunities. New skylines and and purviews are now vivid, and a new brave world is wide open for the lawmakers. Nation is standing behind this assembly, and media is supporting it, and the real justice is there to support it. Nation is waiting for their new leaders to dynamically start a new beginning.
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Dr. Hassan Isfahani
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Yes we are waiting for well over a month now. So far it has only been talks and talks.
They dont have a magic wand, passions is a virtue buddies.
The seven hottest emerging markets
Created: 20 March 2008 Written by: David Stevenson
In our , we ran through the reasons for investing in ‘frontier markets’. Now it’s time for th nitty gritty. Which are the hottest emerging markets on the planet, those that could be the next Russia or China? Here’s our shortlist:
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Pakistan
This country doesn’t have the most positive image in the world but investors need to step back and take a more nuanced look at the real successes of this South Asian economy. According to Dr Feriani: “Real progress, albeit from a low base, has taken place in the economy”. As the sixth most populous nation in the world with a young demographic, the country is set to add 3.4m people to the labour force annually. If properly harnessed, this growth potential is substantial. Pakistan’s economy has grown at a five-year compound annual growth rate (CAGR) of 7 per cent, with the agriculture sector in particular benefiting from rising agriculture credit, improved water resource management and a government-backed fertiliser policy.
According to Pakistani-based research house BMA, this progress is mirrored across the economy: “Deregulation of the corporate sector and trade liberalisation has also boosted both industrial output and services performance. Per capita income has increased at a five-year CAGR of 12 per cent to $925 in 2007 and is expected to cross $1,000 in 2008.” With GDP growth this year expected to total 6.6 per cent and corporate earnings racing ahead by more than 12 per cent. Pakistan looks particularly well placed to weather the global economic storms as exports only account for 12.5 per cent of GDP, a much lower percentage than competitor countries such as Taiwan or an Indonesia which derive a significant chunk of GDP from exports. One statistic sums it up: in 2007 the economy grew by 7 per cent but exports only rose 3.5 per cent. Dr Feriani’s team is particularly enthusiastic about the local stock market: “The market is cheap in comparison to other emerging and frontier markets we look at ( 2008 PE ratio around 10 times), and has stagnated somewhat in the past six months having had a stellar run prior to this.” The KSE100 Index remains undervalued trading at a mere 11.4 times 2008 earnings estimates, or at an estimated 25.0 per cent discount to the region. Earnings growth is reasonable (in the low teens, though it has slowed a bit) and there are plenty of big themes to capture.
According to BMA, some of the big sectors worth watching include banking, oil marketing, fertiliser product, cement, mobile telecoms and the burgeoning media sector. This last sector is especially interesting - growth in TV has been spectacular with the number of channels increasing from just two domestic state-owned TV channels 10 years ago, to over 50 satellite TV channels, with 10 more channels in the pipeline.
This is all because of Pakistan’s visionary leader “PERVEZ MUSHARRAF”, if the B***rds have not started so called struggle for Independent Judiciary Pakistan would have much ahead at the economic forefront
To hell with the enemies of Pakistan