Pakistan Day Celebrated In NASDAQ

[Asian.Century]

NASDAQ hosts Pakistani Independence Day with Ambassador Dr. Maleeha Lodhi as Chief Guest of Pakistan

ADVISORY, Aug. 24, 2016 (GLOBE NEWSWIRE) --

Dr. Maleeha Lodhi Ambassador to Pakistan's Mission to the United Nations, as Chief Guest of Pakistan American Business Association (PABA) will visit the Nasdaq MarketSite in Times Square to commemorate Pakistan's 70th Independence Day.

In honor of the occasion Ambassador Lodhi will ring the Closing Bell. Where:

Nasdaq MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

View attachment 328978

This is pretty darn cool....tells you all about the next big economy of the world and where American investors are headed towards. This is the second time in the past 12 months that Dr. Lodhi has either rang the starting bell, or the closing bell.

@mr42O @Akheilos @Kaptaan @Azlan Haider @Fawad Masīd @PaklovesTurkiye @MastanKhan @Horus @waz @Windjammer @AsianUnion @Major Sam @Mentee @Joe Shearer @ito @Valkyrie @User @Hiptullha @Cornered Tiger @LeGenD @ISI. @MystryMan @New World @Emmie @LA se Karachi @Meengla @ziaulislam @Rahil khan @HAKIKAT @Kaniska @Slav Defence @Manticore

Thanks to NASDAQ. That is heart warming to see Pakistani Flags on American Investors mind and buildings in US.

 

[cloud4000]

After operationalization of CPEC, we can expect a lot of investment coming from all over the world...Pakistanis and Americans should engage in economic prospects...It will be good 4 both countries.

Yes, there will be increased interest from US investors in Pakistan due to CPEC, but for now they are taking a wait and look approach. Pakistan had a road show in US to try to stir up investment in Pakistan's investment sector, but there were few takers.

I think the main stumbling block is Pakistan government and its precarious finances, especially how it handles its foreign reserves. Investors not only chase returns, but they want the facility to quickly repatriate them to their home countries. And if Pakistan economy is not doing well, investors will want the ability to quickly liquidate their investment as well.

If there's some clarity and rules built around this, I think investments in Pakistan will soar.

 

[Nilgiri]

Where are the numbers for July - August 2016? HA!! Gotcha!!!! Don't post old volume numbers, post the real details. In 2014, it RETURNED 52% profit!! Now go forward since then.

I dont base a whole year performance on one month.....and please post the link to this 1 month data you claim to have (current volume and current market cap).

I am not interested in profit return (tons of stock markets have burned brightly at various times)....what I care about is the size of the candle (market cap) and size of the wick (volume) in a year on year basis, annualised and standardised if its just 1 month data (since a year is 12 months).

To grow from 72 billion USD in july 2015 to 1 trillion market cap by say 2020 would need sustained average year on year growth of 70%. I'm not seeing anything you are posting that suggests that to be the trend.

 

[Viper0011.]

Yes, there will be increased interest from US investors in Pakistan due to CPEC, but for now they are taking a wait and look approach. .

You guys can never say something truthfully, there is always lying and misconception in everything about Pakistan when any Indian person writes anything. Seems like a genetic disorder at times.

1) CPEC or no CPEC, the interest will be there. How many other 200 million population countries offer growth in every single sector of an economy? Besides Nigeria, Pakistan and a couple of other countries, there isn't much left. So sooner or later, the interest would come in. CPEC helped advertised it. But the fact is the same as it was for India, that is untapped resources and profit in a large profit promising market. India had over a billion, Pakistan has 200 million, and growing (6th largest I think).

2) Who is taking a "wait and look approach"? I don't think you have 10% of the knowledge of the markets the way I do, and this isn't a grandiose statement, its a fact. This is what we do. My day started by watching Ms. Yellen's speech, and preparing contingency plans for our investments, and it ended by knowing that NASDAQ is back to normal, while DOW and S&P 500 are lower and Oil is going further down, while Zinc related materials and businesses would go up (here, I just gave you a tip to make money and its public information, nothing inside, we just monitor everything).

So, no, no American investor is "waiting and seeing", big guys have already started to pour in plenty of money to MAKE money for themselves. Its not a charity or donation to Pakistan. Its pure business. Similarly, multi trillion dollar economic systems like the NADAQ, NYSE, etc, don't just put other countries flags on and celebrate their days . What they are really saying is "Happy Independence Day Pakistan, May You Live Forever, AND, a BIG THANK YOU for the dozens of billions of profit you let us made from your market" and the celebration is to honor the partnership with one of the fastest growing economies and the best ROI market .

Welcome to your future trade and labor competition

A symbolic goodwill gesture or these ceremonies really do bear fruitful results?

Pakistan's stock market has doubled since the official designation of "emerging markets" was given to it by MSI. Now, Bloomberg, Fidelity and everyone else is marketing Pakistan. Over $ 300 billion has been poured in from the US investors into the Pakistani market, doubling its existing size before the EM status till now. How is that for "fruitful results"??

Remember, the NASDAQ isn't in love with Pakistan. They are in love with the 30-50% profits they are making from Pakistan and will continue to make, and their investments will help Pakistan grow. I know there are people from all political affiliations on here, but watching Pakistan in 2012-2013 and today, (bankrupt and terrorist nation to one of the top economies in THREE years), the current government turned out to be just the perfect team Pakistan needed. This journey from failed state to top growing economy in just three years, is unheard of!! What they've done for Pakistani nation and public, is beyond imagination in terms of building a real economic system, and bringing in these investments, and growing a nation with a positive image (like this thread shows), and setting in a real future base for it to grow.

Thee guys will be remembered in the history as the maker of the new Pakistan no matter how much you hate or love them. But nevertheless, awesome work for Pakistan. This right here, is a HUGE deal!!

 

[Nilgiri]

You guys can never say something truthfully, there is always lying and misconception in everything about Pakistan when any Indian person writes anything. Seems like a genetic disorder at times.

1) CPEC or no CPEC, the interest will be there. How many other 200 million population countries offer growth in every single sector of an economy? Besides Nigeria, Pakistan and a couple of other countries, there isn't much left. So sooner or later, the interest would come in. CPEC helped advertised it. But the fact is the same as it was for India, that is untapped resources and profit in a large profit promising market. India had over a billion, Pakistan has 200 million, and growing (6th largest I think).

2) Who is taking a "wait and look approach"? I don't think you have 10% of the knowledge of the markets the way I do, and this isn't a grandiose statement, its a fact. This is what we do. My day started by watching Ms. Yellen's speech, and preparing contingency plans for our investments, and it ended by knowing that NASDAQ is back to normal, while DOW and S&P 500 are lower and Oil is going further down, while Zinc related materials and businesses would go up (here, I just gave you a tip to make money and its public information, nothing inside, we just monitor everything).

So, no, no American investor is "waiting and seeing", big guys have already started to pour in plenty of money to MAKE money for themselves. Its not a charity or donation to Pakistan. Its pure business. Similarly, multi trillion dollar economic systems like the NADAQ, NYSE, etc, don't just put other countries flags on and celebrate their days . What they are really saying is "Happy Independence Day Pakistan, May You Live Forever, AND, a BIG THANK YOU for the dozens of billions of profit you let us made from your market" and the celebration is to honor the partnership with one of the fastest growing economies and the best ROI market .

Welcome to your future trade and labor competition



Pakistan's stock market has doubled since the official designation of "emerging markets" was given to it by MSI. Now, Bloomberg, Fidelity and everyone else is marketing Pakistan. Over $ 300 billion has been poured in from the US investors into the Pakistani market, doubling its existing size before the EM status till now. How is that for "fruitful results"??

Remember, the NASDAQ isn't in love with Pakistan. They are in love with the 30-50% profits they are making from Pakistan and will continue to make, and their investments will help Pakistan grow. I know there are people from all political affiliations on here, but watching Pakistan in 2012-2013 and today, (bankrupt and terrorist nation to one of the top economies in THREE years), the current government turned out to be just the perfect team Pakistan needed. This journey from failed state to top growing economy in just three years, is unheard of!! What they've done for Pakistani nation and public, is beyond imagination in terms of building a real economic system, and bringing in these investments, and growing a nation with a positive image (like this thread shows), and setting in a real future base for it to grow.

Thee guys will be remembered in the history as the maker of the new Pakistan no matter how much you hate or love them. But nevertheless, awesome work for Pakistan. This right here, is a HUGE deal!!

Viper I like your enthusiasm and optimism....I can appreciate that

But can you point me to a source that gives the projected market cap/year volume trade for the current fiscal year for KSE?

I would like to compare it to last years figure of 72 billion and 12 billion USD respectively.

 

[Viper0011.]

Viper I like your enthusiasm and optimism....I can appreciate that

But can you point me to a source that gives the projected market cap/year volume trade for the current fiscal year for KSE?

I would like to compare it to last years figure of 72 billion and 12 billion USD respectively.

There is a whole page on Bloomberg on PSI (Pakistani Stock Exchange), link is below. The rest, research yourself. We charge 10% fees for this crap, and the minimum investment we take, is $ 2 million. If you promise to send me a check for our fees, I'll be more than happy to provide you with our research services

http://www.bloomberg.com/quote/KSE100:IND

A symbolic goodwill gesture or these ceremonies really do bear fruitful results?

Here is more "fruit fullness" for you . Its a great time for Pakistan, its growth is already vertical for the next two decades to come. The following shows a list of company names, which, in a couple of years of being traded as "emerging markets", will then be traded in the US markets like we buy and sell Facebook, Ali Baba, Cognizant, or Twitter, etc. Like I've said, this is the biggest and most rewarding achievement any government has ever brought to Pakistan.

But can you point me to a source that gives the projected market cap/year volume trade for the current fiscal year for KSE?.

Another link for ya to put 2 and 2 together:

http://www.bloomberg.com/news/artic...s-jump-most-this-year-after-upgrade-from-msci

 

[Nilgiri]

There is a whole page on Bloomberg on PSI (Pakistani Stock Exchange), link is below. The rest, research yourself. We charge 10% fees for this crap, and the minimum investment we take, is $ 2 million. If you promise to send me a check for our fees, I'll be more than happy to provide you with our research services

http://www.bloomberg.com/quote/KSE100:IND

A stock index does not reflect total market cap (which is more relevant to a macroeconomic person like me). So no thanks.

Anyways I found what I wanted here:

http://www.ksestocks.com/AboutPSX

As on August 26th, 2016 there are 578 companies listed in PSX and the total market capitalization is Rs. 7,973.468 billions.

i.e around 76 billion USD.

Seems the KSE 100 index does not have so much correlation with the overall market cap size which seems to have grown by only 6% y.oy in nominal USD terms (could be a lot more in local rupee terms).

So yeah I don't see a trillion market cap anytime soon and I'm going to withdraw what I said earlier about 30% y.o.y growth of market cap esp in USD terms.

There is much left to prove for the KSE (PSX now apparently).

 

[PARIKRAMA]

Interesting discussion

Consider 24-28th August every year for simple comparison

Lets do a trend analysis based on ARIMA model
Consider first 10 years data

and then 5 years data

Source: http://www.tradingeconomics.com/

Of course the model is making some assumptions but mathematical models dont share much enthusiasm.

@Nilgiri - I dont think unless the GDP growth and other factors improve the basic sentiment of the Pakistan Economy, the KSE100 EPS per year will not improve much. If suppose i assume they hit 5% yoy then there is a chacne that EPS will improve which may give you a definite upswing for a short period but historically if you look from a 5 year or a 10 year perspective its already a bull market run. Thus beyond a specific forward looking EPS and P/E the upside will get capped unless there are other factors driving the sentiment up as well as earning being increased for KSE100.

if you see yoy excel sheet numbers also you see the same point i am making. the upside getting capped. Now unless there is a 38.2% correction under Fibonacci series, the next bull run full fledged support case wont build up. Thus investors would rather take out money during this peak and wait for a healthy correction to re enter and take it forward.

and without the bourses moving forward with the changing sentiments, the stock prices wont move up implying the market capitalistion wont increase in such a aggressive manner as being predicted.

Rest is all about economy and sentiments for attracting new money flows into the country's bourses.

 

[Nilgiri]

I dont think unless the GDP growth and other factors improve the basic sentiment of the Pakistan Economy, the KSE100 EPS per year will not improve much. If suppose i assume they hit 5% yoy then there is a chacne that EPS will improve which may give you a definite upswing for a short period but historically if you look from a 5 year or a 10 year perspective its already a bull market run. Thus beyond a specific forward looking EPS and P/E the upside will get capped unless there are other factors driving the sentiment up as well as earning being increased for KSE100.

if you see yoy excel sheet numbers also you see the same point i am making. the upside getting capped. Now unless there is a 38.2% correction under Fibonacci series, the next bull run full fledged support case wont build up. Thus investors would rather take out money during this peak and wait for a healthy correction to re enter and take it forward.

and without the bourses moving forward with the changing sentiments, the stock prices wont move up implying the market capitalistion wont increase in such a aggressive manner as being predicted.

Yes this is what I was trying to explain (though initially I went for a ride on the optimism thinking it translated to market cap and volumes). I have seen stock indices burn brightly....and there is no reason to think it wont in Pakistan for quite some time....but long term fundamentals like you said need fundamental economic growth and lots of it, especially in the investment side. Pakistans GCF is still around 15%. It needs a decade or more of 20 -30% GCF to have the flowover into funds, equities etc from outside and inside to reach say past even 200 billion USD (what I would call a good sized stock exchange capitalisation).

Anyways I don't want to rain on the parade beyond reason....there are definite strong undercurrents that are inevitable as Pakistan economy improves and its investment climate gathers pace. I will watch and see.

 

[Viper0011.]

A stock index does not reflect total market cap (which is more relevant to a macroeconomic person like me). So no thanks.

Anyways I found what I wanted here:

http://www.ksestocks.com/AboutPSX

As on August 26th, 2016 there are 578 companies listed in PSX and the total market capitalization is Rs. 7,973.468 billions.

i.e around 76 billion USD.

Seems the KSE 100 index does not have so much correlation with the overall market cap size which seems to have grown by only 6% y.oy in nominal USD terms (could be a lot more in local rupee terms).

So yeah I don't see a trillion market cap anytime soon and I'm going to withdraw what I said earlier about 30% y.o.y growth of market cap esp in USD terms.

There is much left to prove for the KSE (PSX now apparently).

Its useless to argue with someone who doesn't understand how the market works!! What's the role NASDAQ plays in all this? NASDAQ buys per an agreement, rights to sell to different brokers Pakistani ETF's ADR's and other securities. They pay to Pakistani market in bulk (which doesn't come under the "size" of the market as these securities / assets are being bought and sold in the US). There are many Pakistani ETF's and ADR's which are worth $ 2000 - 3000 PER ONE SHARE. Remember, Google's per share closing price was $ 769.54 today. So if you take the list of the Pakistani securities I mentioned above at 2k or 3k per security and time it by a few millions.......that's worth over a few hundred billions. But these are being offered by NASDAQ, FTSE and now MSI. So these don't go directly to the PSI.

You don't have expertise in this business but yet you are questioning like a pro. I'd suggest first understanding the details, study the PSI and related activity and then ask or sound like a champ. The total size of PSI as of two days ago, was over 77 trillion rupees just inside Pakistan, so that's about $ 700 billion I think (don't have the time to calculate for you, you can do that yourself). Plus, the assets being offered by outsiders like the NASDAQ. So the total direct and indirect marker size is not too far from a trillion.

Pakistani government just recently did serious reforms in the taxation and real estate to encourage investments into the stock market. That's supposed to be bringing in about a trillion rupees more into the stock markets by discouraging lose / sitting investments into the real estate. So Pakistan's businessmen executives are pretty savvy in these things. Because of their business experience, Pakistan is now estimated to cross Mexico by 2022 (as long as the country remain on a peaceful path).

A nice gesture by the stock exchange.

An American stock exchange

where is the isolation clan ? anyone ?

They went to sleep, too hurt and exhausted!! All that terrorism and drama, could not stop the growth of this nation and couldn't stop this day from taking place in the heart of the NYC with Pakistani flag raised for millions to see, in a super positive and friendly manner

They will come back when Pakistani economy overtakes Mexico in the next 5-6 years. But then they'll complain about how Pakistan can never beat Australia and there is no match. Ten years from that point, that would happen too. I don't know what they'd bit*ch about after that. But I can assure you they will somehow on something

 

[waz]

An American stock exchange

You don't need to convince me bro lol. I like the US, and the UK shares close ties.

 

[Viper0011.]

You don't need to convince me bro lol. I like the US.

I wasn't. I thought you'd get a kick out of it (and I was right ).

 

[Nilgiri]

The total size of PSI as of two days ago, was over 77 trillion rupees just inside Pakistan, so that's about $ 700 billion I think (don't have the time to calculate for you, you can do that yourself).

Thats totally different from a stock market valuation.

I am talking only about the KSE market capitalisation, which has clearly been given now as 76 billion by the PSX itself.....an increase of 4 billion over a year ago in USD terms.

PSI, total equity and other metrics only help to show that a trend has a good chance of continuing (and you need to prove their own growth levels and not just their current base which means nothing without an earlier reference).

Plus, the assets being offered by outsiders like the NASDAQ. So the total direct and indirect marker size is not too far from a trillion.

Again you have to clearly define what we are talking about. I am talking just about the KSE/PSX market cap and volume.

So 76 billion it stands at currently and I doubt the yearly volume will show any phenomenally different growth either....maybe reach around 14 billion USD at most this year.

 

[Viper0011.]

Thats totally different from a stock market valuation.

I am talking only about the KSE market capitalisation, which has clearly been given now as 76 billion by the PSX itself.....an increase of 4 billion over a year ago in USD terms.

PSI, total equity and other metrics only help to show that a trend has a good chance of continuing (and you need to prove their own growth levels and not just their current base which means nothing without an earlier reference).

Again you have to clearly define what we are talking about. I am talking just about the KSE/PSX market cap and volume.

So 76 billion it stands at currently and I doubt the yearly volume will show any phenomenally different growth either....maybe reach around 14 billion USD at most this year.

enough said. This conversation has lost its value. Only if everyone knew how a stock market works, everyone would've made many, many millions!! Continue on with your understanding. It doesn't change a thing, nor does it change the topic or effects it in anyway. I can't teach what people can't fathom. Have a great night.

PSI's real size if 7 Ruppees, happy?? And it still didn't change the Flag on NASDAQ's screens

 

[Mo12]

Pakistan is a large consumer market of 180 million people and, naturally, American inc will be interested in investing and capturing that market. But what stops American investments in Pakistan is it being perceived as an unstable and security state. The enmity with India is taking a huge toll on Pakistan's economy. Unless there is peace between India and Pakistan, American and other FDI investors will shun Pakistan, so will American corporates.

That is very true and Pakistan knows this, thats why Pakistan are going for China FDI instead.

Top 5 annual profit returning market year over year. You can check on Bloomberg, Morgan Stanley, etc, etc. Here is an older article for you to read:


Pakistan Stocks Best as Violence Ignored: Riskless Return

Michael Patterson and Shikhar Balwani

November — 6:44 AM EST

Pakistan is handing equity investors the world’s best risk-adjusted returns as terrorist attacks, power blackouts and a war with Taliban insurgents fail to curb gains in consumer spending that sent profits to a record high.

The KSE 100 Index, the benchmark for Pakistan’s $43 billion equity market, rose 7.3 percent in the past three years when adjusted for price swings, the top gain among 72 markets worldwide, according to the BLOOMBERG RISKLESS RETURN RANKING. Pakistan had lower stock volatility than 82 percent of the nations including the U.S. Over five years, Pakistan’s risk-adjusted returns ranked eighth.

The country’s 190 million people are boosting purchases three times faster than Asian peers as higher rural incomes and record remittances outweigh fighting on the Afghan border, violence in Karachi that led to at least 2,100 deaths this year and power outages that sparked rioting. The region’s fastest earnings growth may increase economic stability, according to Karachi-based Atlas Asset Management Ltd. Foreign investors added to holdings for five straight months, lured by Asia’s lowest valuations and biggest dividend yields.

“Stocks are very cheap and there are some very good businesses in Pakistan,” said Andrew Brudenell, whose HSBC Frontier Markets Fund has returned 18 percent this year, beating 92 percent of peers tracked by Bloomberg, and holds more shares in the country than are represented in benchmark indexes. “We still think there’s some positive growth to come from the markets.”

Record High

The KSE 100 returned 52 percent this year through yesterday. The gauge climbed 49 percent since al-Qaeda leader Osama bin Laden was killed by U.S. commandos during a raid on his compound in Abbottabad 18 months ago. It increased less than 0.1 percent to a record close of 16,256.97 today.

The risk-adjusted return, which isn’t annualized, is calculated by dividing total return by volatility, or the degree of daily price variation, giving a measure of income per unit of risk. A higher volatility means the price of an asset can swing dramatically in a short period, increasing the potential for unexpected losses.

The Sri Lanka Colombo All-Share Index’s 6 percent risk-adjusted return was the second-biggest worldwide in the past three years, while the Standard & Poor’s 500 Index of U.S. companies had a 1.9 percent gain.

Profits Surge

Equity volatility is low in Pakistan partly because investors are no longer surprised by violence in the country, according to Muhammad Umair Chauhan, who oversees the equivalent of $127 million as the chief investment officer at Lakson Investments Ltd. in Karachi. Terror attacks have killed more than 40,000 people in Pakistan, President Asif Ali Zardari said in a speech in Tehran in August, without giving a time frame.

Earnings in the KSE 100 index advanced 45 percent during the past year, the largest gain among 17 Asian equity indexes, and this month hit the highest level since Bloomberg began tracking the data in 2005.

Consumer spending in Pakistan has increased at a 26 percent average pace the past three years, compared with 7.7 percent for Asia, according to data compiled by Euromonitor International, a consumer research firm. While the growth in Pakistan may slow to 6.6 percent in 2012, it will still exceed the 5.3 percent pace in Asia, according to Euromonitor estimates.

Engro Foods Ltd., a Karachi-based seller of dairy products, reported a 214 percent jump in net income for the third quarter, while Unilever Pakistan Ltd., a unit of the world’s second-biggest consumer-goods company, had a 36 percent gain, according to data compiled by Bloomberg.

Foreign Buyers

Dividends in Pakistan have also climbed at the fastest pace in the region. Payouts increased 49 percent in the past 12 months, giving the KSE 100 index a dividend yield of 6.6 percent, double the 3.3 percent average in Asia, Bloomberg data show.

“When corporate profitability is good, investors tend to ignore factors such as political instability and violence in the city,” said Chauhan, who’s based in Karachi, the commercial hub that generates more than half of the country’s tax revenue.

Foreign investors have purchased a net $153 million of Pakistan shares since the beginning of July, according to data from the Karachi Stock Exchange. Overseas holdings amount to about 20 percent of the bourse’s free float, or shares available for trading, according to Adnan Katchi, the head of international equity sales at Arif Habib Ltd.

Debt Rally

Bond investors are also growing more confident. Pakistan’s international debt, rated Caa1 at Moody’s Investors Service, or seven levels below investment grade, has returned 32 percent this year, according to JPMorgan Chase & Co.’s Next Generation Markets Index. Yields hit a two-year low of 8.5 percent on Oct. 26.

“There has been a consistent flow into the market,” Muhammad Asim, the head of equities at Arif Habib Investments Ltd., which oversees about $365 million, said in an Oct. 22 phone interview from Karachi.

Relatively low trading volumes on the Karachi Stock Exchange may make it difficult for investors to sell their holdings should volatility increase. About $41 million of shares in the KSE 100 changed hands daily on average during the past year, compared with $1.3 billion for stocks in Russia’s Micex Index and $10 billion for the Shanghai Composite Index in China, the largest emerging market, data compiled by Bloomberg show.

Karachi Violence

Regulators imposed emergency trading limits in an attempt to halt a tumble in stocks during the global financial crisis in 2008. While the curbs prevented the KSE 100 index from falling for almost four months, the gauge plunged 48 percent in less than two months after the restrictions were lifted.

Pakistan’s economic growth has been restrained by terrorism, lawlessness, power cuts and political instability.

A 14-year-old female Pakistani activist in the Swat Valley was shot in the head by Taliban gunmen on Oct. 9, while a police investigator and four other people were killed in a suicide attack in the northwestern city of Peshawar this month.

Violence and extortion in Karachi have spurred more than 30,000 merchants to leave the city in the past two years, according to Atiq Mir, chairman of All Karachi Traders’ Alliance, which has 650,000 members. Power blackouts lasting as long as 18 hours a day have caused textile factories to shut.

Ashfaq Parvez Kayani, Pakistan’s army chief, clashed with Zardari’s administration this year over claims the government sought U.S. help to prevent a coup following bin Laden’s death. Zardari’s predecessor, Pervez Musharraf, seized control of Pakistan in 1999. The former general stepped down as president in 2008 to avoid impeachment charges.

Volatile Politics

“People will turn their focus towards political triggers,” Sajjad Anwar, who oversees about $520 million as the chief investment officer at NBP Fullerton Asset Management Ltd., said in an Oct. 22 phone interview from Karachi. “I am expecting a correction, and some of the big players are on the selling side. Investors will rethink after the earnings season ends.”

Pakistani companies have found ways to cope with instability. TRG Pakistan, which manages call centers in the country’s three biggest cities, splits up teams of employees working for a single client across several locations, Nadeem Elahi, the firm’s country head, said in an interview on Nov. 13.

That allows the company to maintain operations if unrest or transport strikes in one part of the nation prevent workers from reaching the office, he said. TRG shares have gained 248 percent in Karachi trading this year.



But yet, you'd try to stick your nose into every thread about Pakistan. If you don't want to be quoted, I got a better idea, quit this form, delete your account and never come back . Otherwise, its a public forum so be available to the "public" and offer valuable opinions to public like me so we all appreciate your honesty and smartness. Not read your post and smell burnt clothes from miles away.

And every Indian should be concerned.....the next on the list that Pakistan has, is to capture a big piece of the BPO/Offshore/Mobile App development market and that would be a loss to India. Its called Business and Strategy

No investors will invest in a country with a high poltical instability.