Looking at the positive side of Pakistan’s economy

June 8, 2008

A man eats free food in Karachi/Zahid HusseinAmid the conventional wisdom that Pakistan’s economy is falling to pieces — a view reinforced inside the country by soaring food prices and frequent power cuts — it’s interesting to see that someone still sees it as a hot market for foreign funds.

The Melchior Selected Trust Pakistan Opportunities Fund, one of the first funds to target Pakistan, believes the country’s problems have been exaggerated and sees its market as having the potential of “India at half the price”, according to this Reuters story.

It quotes Naz Khan, chief executive officer of KASB Funds in Karachi, as saying there is no reason to be particularly concerned by the tensions along the border with Afghanistan. “We have locked horns with India many times along the border with them in the last few decades,” he says. “This is just a different border and it shouldn’t affect the overall economy.”

The story prompted me to hunt around to see what else is out there painting a positive picture of Pakistan’s economy.

For starters, there is an economic growth forecast of 5.5 percent for the fiscal year starting in July, according to preliminary details on the budget due out next week. That is a level that the recession-haunted west can barely remember, let alone dream about.

File photo of Burj al Arab hotel in Dubai/Steve CrispThen there are record oil prices swelling the coffers of Gulf Arab states for whom Pakistan is a near neighbour and obvious investment target. The Dubai-based CPI Financial online newsletter says that investors are taking a long-term view on Pakistan’s economic turmoil. Of particular interest is a boom in Islamic banking — a sector relatively insulated from the credit crunch and dominated in the Gulf by Pakistani bankers.

CPI Financial quotes Mansoor Khan, managing director of Lahore-based law firm Khan Associates, as saying that conventional banks would probably be more affected by Pakistan’s economic turmoil than their Islamic counterparts. “The conventional banks are western, risk-averse and do not understand ‘Pakistan risk.’ Islamic banks are primarily Middle Eastern or Asian and have a better understanding of the mentality of Pakistan. They will not be put off.”

It’s also worth reading this blog on the South Asia Investor Review about Gulf Arab investors buying up farmland in Pakistan to increase food security and control inflation.

Indian bunker near the border dividing Pakistan and India in Kashmir/Amit GuptaPakistan’s economy has proved incredibly resilient in the past, surviving amongst other things, military coups, three wars with India, the division of the country into West and East Pakistan (now Bangladesh) in 1971, and tough economic sanctions after its 1998 nuclear tests. So are reports of its demise premature?

The picture may be clouded by the volatility of Pakistan’s stock market, hanging on every word of the bickering political parties elected in February, and feverishly debating the future of President Pervez Musharraf. But according to the last IMF report, a boom in foreign direct investment into Pakistan (more than $5 billion in 2006/07) was driven not so much by its — until recently — soaring stock market, but primarily by greenfield investment in areas like telecoms, manufacturing and financial services.

I’ll return to the downside risks in another blog, but in the meantime would be interested in hearing whether other people out there think Pakistan still makes it as a hot, or at least warm, emerging markets destination. It’s also worth wondering whether any shift in the origins of foreign investment in Pakistan — still dominated by the United States — towards more Gulf Arab funding would affect the political make-up of the country.

Comments

Although is article is heavily biased against Pakistan and considering it is impossible for the Indian media and Indians in general to ever say anything positive about Pakistan, The article does have a point.

The one lesson that the world can learn from Pakistan is despite three wars with India, Three wars with Afghanistan (Soviet, Civil, WOT), Millions of refugees, Nuclear testing, Political problems (Democracy, Coups): Pakistan always overcomes all the obstacles thrown in her path by her belligerent,irredentist and revanchist neighbours India and Afghanistan.

Posted by Dr Idris Shah Ebrahimi | Report as abusive
 

It is my opinion that the best way for Pakistan to ensure its security from malevolent neighbours India and Afghanistan is to threaten massive retaliation with nuclear weapons against nations whose military attacks threaten Pakistan’s existence, and possibly against other targets as well. This would give Pakistan a key psychological weapon in the region, If Pakistan should adopt a stated policy to destroy the entire sub-continent if its existence is threatened, Not just India but also Nepal, Sri Lanka, Bangladesh, Burma, Bhutan, Maldives, Afghanistan et al.

If Pakistan goes, The entire Asian continent goes!

Posted by Dr Idris Shah Ebrahimi | Report as abusive
 

This is a level-headed analysis. Pakistan’s economy is quite resilient..
I do not agree with the comments made above
cheers
Raza

 

“That is a level that the recession-haunted west can barely remember, let alone dream about.”.

Huh? you’re comparing the growth rate of a developing country with that of developed countries? A course in basic economics in your local community college can’t hurt.

Posted by Amit Mathur | Report as abusive
 

Heaven forbid if Pakistan adopted the attitude “…destroy the entire sub-continent if its existence is threatened… If Pakistan goes, The entire Asian continent goes!” Sounds like a spoilt brat of a child who is too immature and egocentric to be able to communicate properly, who would prefer to break his toy rather than let anyone else play with it. Or a narcissistic, arrogant, self-rightous, psychotic fool who would cut of his nose to spite his face or would kill or permanantly disable his wife if she left him (from his incessant brutality), because ‘if I can’t have her then no-one else will’ mentality. I hope for Pakistan’s and the World’s sake there aren’t too many ‘Dr’s’ out there who are so mentally distorted they don’t realise how irrational they really are. ‘Dr’ Idris Shah Ebrahimi you are having a joke with us aren’t you? You’re not a secret fan of the big ‘B-L’ are you? Or do you just have a fetish for murdering Muslim, Hindu, Christian, babies, toddlers, children, pregnant women etc etc, seeing blood and guts everywhere….?

Posted by Conscientious Observer | Report as abusive
 

Chi Lahn Sing!

Posted by Conscientious Observer | Report as abusive
 

Dear dr Ibrahimi..please donot use the blog to show your hatred for your neighbours…Pakistan…exitence threat??? donot forget who attacked whom!..the space here is for people to give some intelligent comments on what are your views on ECONOMY….
if you think..its a hot market for foriegn investors etc…

Posted by MG | Report as abusive
 

Let’s all calm down, shall we?

The article is a sensible, thoughtful, mini-analysis of Pakistan’s economy. It raises serious points.

The thrust is that although there are problems, highlighted by the volatile political situation, there is much hope for the economy overall. There is, however, the matter of the poor who, as in India, are down at the bottom of the heap where they will probably remain. Their social and economic immobility is the greatest problem for the sub-continent as a whole. It’s all very well having enormous growth figures — but not much good if the effects don’t flow down, or even trickle down, to where even minor improvements to water reticulation, sanitation and diet (and social justice) would be most welcome.

The Pajero-driving classes just don’t seem to care. Ask any fast-track young IT expert about the plight of the urban and rural poor(again, in India or Pakistan)and you might get an anodyne “Oh, something must be done” ; but of course the solution is political.

But even the truly eminent Dr Manmohan Singh in India, a skilled and humane economist, and his equally brilliant finance minister, Mr Chidambaram, have been unable to make much difference, mainly because their coalition government can’t take decisive economic action that might alienate political supporters.

So what chance is there in Pakistan, with its jockeying politicians trying to outmanoeuvre each other for the spoils of Office, of an economic course being charted that will concentrate on poverty alleviation?

Precious little, I fear, no matter the rhetoric that has been forthcoming. But we’ll see what the budget speech tomorrow might bring. Who knows? — There might be a real move to help the poor. Let us all hope so.

Posted by beecee | Report as abusive
 

beecee
“But even the truly eminent Dr Manmohan Singh in India, a skilled and humane economist, and his equally brilliant finance minister,”
“So what chance is there in Pakistan, with its jockeying politicians trying to outmanoeuvre each other for the spoils of Office, ”
Do not underestimate Pakistani politicians, in Pakistan too there are competent and honest politicians who are serious to put the economy back on right track and stay course. Also, making comparison between Indian and Pakistani politicians, there might be more corruption in India.

Posted by Umair Malik | Report as abusive
 

Posted by Conscientious Observer
“If Pakistan goes, The entire Asian continent goes!” Sounds like a spoilt brat of a child who is too immature and egocentric to be able to communicate properly, who would prefer to break his toy rather than let anyone else play with it.”
Mr Conscientious Observer, do you think Pakistani Sovereignty and territorial integrity is a toy to play around with? Think again, you are talking about a 160 million strong Muslim nation with Nuclear weapons. Toying with strategic weapons and pushing Pakistan to extreme might not be good options for greedy and ungrateful neighbours like India and Afghanistan. Afghans are ungrateful to Pakistan even when Pakistan always stood beside them in tough times, India has never had good intentions either.
I agree with Dr Idris Shah Ebrahimi, Pakistan should adopt a stated policy to destroy the entire sub-continent if its existence is threatened, (mutually assured destruction). Only a balance of power in South Asia can ensure stable political and economic environment.

Posted by Umair Malik | Report as abusive
 

Pakistan is a country teeming with terrorists and her entire political system aims to manufacture more and more terrorists. Even if its economy is well enough, some of the money will surely trickle down to terrorists. And these elements will use the money to kill innocent civilians, both in India & Pakistan. There should be more strict monetary laws to prevent this. Its fine that its economy starts to grow. But dont let the terrorists bring the country down into an abyss of darkness.

Posted by Sanat Sur | Report as abusive
 

Mr. Sanat Sur please once ask yourself who is terrorizing who.
Since Pakistan’s inception it was India that eventoday is the one that terrorizes Pakistan then put an innocent face in front of the world.
For once please see how many UN resolutions are against India for terrorizing the Kashmiries by illegally occupying their land and treating them like animals. Inhumane treatment of Kashmiries in the name of worlds largest democray? India should be ashamed of itself
Why is it ok for India to be the nuclear power for its national security but Pakistan should not have any right to secure its sovereihnty. Enough is enough. You cannot make fool of the world by lieing about India.
With all its problems Pakistan managed to compete in the world at its own terms. Otherwise from the begining India tried its best to take over Pakistan. Cross border terrorism is a specialty of India not Pakistan.
Posted by Sami.

 

Huh!!!!
Surely you guys deserve Nobel for lying. Its not only India but the whole world is in jeopardy for Pakistan’s long association with the terrorists. Come on, dont pretend that you don’t know. However you have got your democratic rights, if democracy means anything to you at all. And talk about kashmir? Over 50,000 INDIAN troops have been killed so far in Kashmir. Ever Kashmiris are worried about you. They want to live in peace and prosperity. Pakistan’s political system requries help from the terrorists, otherwise it will cease to exist. Drop this hypocrisy and work together.

Posted by Sanat Sur | Report as abusive
 

Wow! same old “ocupiers mentality”.
So you are proud that 50,000 young Indian soldiers gave their lives up only for Indians like you keep illegaly occupying the innocent Kashmiries land, treat them worst than animals and keep putting the young Indian soldiers in harms way?
After loosing 50,000 lives of young soldiers of India and after killing hundreds of thousands of inncocent Kasmiri men, women, children and elderly, have you ever thought how amny children, women and parents have lost their fathers, husbands and sons?
Perhaps it does not matter to you because you are always so busy in trying to prove others wrong that you cannot see your own attrocities.
Are you also saying that UN Resolutions against India, which by the ways are second largest in number in the world, are wrong?
Your way of working together is to allow you people to continue to loose innocent lives. World has changed Mr. Sur, wake up and smell the coffee. Stop covering up.

 

Well I’m from Pakistan. But to be realistic I have to say that we can’t expect anything good from our politicians as everyone is corrupt. If anything goes bad from here, we have only ourselves to blame by choosing politicians like that to rule the country and make a mockery of ourselves in the world. In the general mindset, even if the likes of Bhutto/Zardari have siphoned billions of rupees, thats acceptable to general public. They just want democracy, which supposedly will feed them and make Pakistan a developed country, which is simply not happening.

These democratic pliticians will at best make democratic decisions, pleasing everyone, and can’t afford to rock the boat and make tough decisions which are needed in tough situations like these. The recent example is the pathetic Federal budget, in which they failed to tax real estate barons and stock market brokers, while indirect taxed, which will be paid by the poor, have increased. Pathetic. Noone will go to invest in industrial sector earning after tax 15% return after a year, when they can make tax free bounty in real estate and stock market. Rich will get Rich, and poor more poorer with unemployment and inflation increases. However, we Pakistanis will remain blinded from the reality by our media, which is all sold out already.

Posted by Khurram | Report as abusive
 

To my fellow Indians on this blog.Get off it.There is no point arguing with Pakistanis.
Our treatment of Kashmiris is better than your treatment of your own non punjabi citizens.You take money from the USA to bomb your fellow citizens in Pashtunistan.Shame on you.No wonder with morals like this you are in the dumps.

Your entire foreign policy has been “help us screw India and we will do anything for you”.Well fate it seems had other things in mind for you.First control your own territory balochistan and NWFP then dream about taking Indian Kashmir.Btw there are more punjabis in pak occupied kashmir than kashmiris but then one can’t really expect more from you can we?

You couldn’t take one square inch of territory from us in the early 90′s when the ussr collapsed and you had china+oic+us support,you think you can now?This just reflects your stupidity.

Posted by Shantanu Chatterjee | Report as abusive
 

Shantanu Chatterjee
Do not bother worrying about NWFP and Baluchistan, just focus on the north east India and those half dozen insurgency campaigns Indian Army is currently bogged down with.
BTW what is the “Indian Kashmir” that you referred to in your comment. Mind it, Kashmir is a dispiuted territory. A sizeable part of Kashmir is under Pakistan’s grip, part is controlled by China and rest is under India’s illegitimate control. By every definition Kashmir is a disputed territory.
As regards not taking an inch from India during 90s even with US, OIC, China etc, well the ground realities have changed. Pakistan, today is a nuclear weapons state. An offensive was launched by newly nuclearised Pakistan in 1999 named Kargil operation. Pakistan has all the options open, in any future attack on India, Pakistan enjoys the option of nuclear black mail. In 2001-2002 border standoff, it paid off when a series of nuclear capable missile testing stunned India and the world. That culminated in diplomatic solution and eventual de-escalation citing worries of nuclear war.

Posted by Umair Malik | Report as abusive
 

You pakistanis are so full of youself.THe Kargil war was a dismal failure in which we kicked you off our territory and humiliated you in front of the international community.My god don’t you have any concept of etiquette: “We have the option of nuclear blackmail” and you think we cower in fear at this ? this sort of talk just reinforces the rogue state with nukes image you have in the international community of nations.

Don’t worry buddy Afghanistan+balochistan+NWFP i.e kashmir on 60% of your territory.We survived and thrived right through the worst days of the kashmiri insurgency lets see if you can take what you dish out.

Umm pak industrial production growth :3.2%
Inflation:19.8%(May 2008 source:Economist)

And the fun has just started.

Posted by Shantanu Chatterjee | Report as abusive
 

Mr. Chatterji, how do you explain the UN resolutions against India, which are second largest in number than any other countries. You Indians are always falsly defending your human rights violations agains Indian minorities specailly Christians, Sikhs and Muslims.
You people are so full of it. Perhaps you have forgotten the US visa revoked of Narendera Modi because of the genocide of Muslims in Gujrat.
Probably you are very proud of the killings of thousands of Muslims in Gujrat as you all are always very proud at the loss of lives of more than 50,000 Indian military personal in occupied Kashmir.
You see killings and loss of life does not mean a thing to you and your government.
Pakistan has its problems because of cross border terrorism by India. Now India is doing the same from Afghanistan.
Sami

 

This guys are always after India. Their foreign policy is solely based on India. The most anti-India party comes to power there. But what is horrifying is their mind set. One guy had posted “if pakistan goes the whole sub-continent goes”. And this guy threatens with nuclear weapons. With whom are we living with? After all this one guy talks of UN Resolution against India!!! At least India does not black mail the world with N-weapons.

Posted by Sanat Sur | Report as abusive
 

READ THIS YOU CRAZY PAKISTANIS.

I copied for you from one of the India related blogs in Reuters.

“Sometimes journalists are accused of only writing about bad news, so I wanted to share with you a wonderful day I had last Friday travelling to Hyderabad.

For a change, even the journey was smooth. I went on a brand-new plane with one of India’s new airlines — not only was the service good, but it actually left exactly on time, and arrived early. A bit of a rarity in my recent experience of India’s congested airports and airspace.

And when I arrived, what an airport. The Rajiv Gandhi International Airport, which was opened in March, is truly state-of-the-art, incredibly clean, very spacious and stylish. A public-private partnership, it would grace any country in the world, and clearly had been built with room for Hyderabad to expand. Again, a pleasant change from Delhi’s chaos, where the airport is several steps behind demand.The private sector won’t solve all of India’s problems, but here were a couple of examples of liberalisation at its best, of reforms which have unleashed the country’s vast economic potential.

My destination was the new Google office and India headquarters, where I was giving a talk on my life as a foreign correspondent, and especially the last six years in South Asia. I also gave a similar talk to a smaller crowd at Indian School of Business, recently ranked at number 20 in the Financial Times list of the top business schools around the world.

The people I met at both places were enthusiastic, intelligent and dynamic. They asked plenty of thoughtful, probing questions about the media, and were generally fun to hang out with. The energy at Google was pretty contagious.

It’s the sort of day which made me genuinely optimistic about India’s potential. If there is a downside, though, it is that very little of this energy and dynamism seems to be going towards solving India’s continuing problems, of poverty and heathcare and education.

The young seem pretty cynical about politics, and probably have good reason to be. Not that many of them could break into politics even if they wanted to, without the right family or vote bank behind them.

Still, let’s just hope that India continues to harness the energy and dynamism of its young people. I guess quite a few of the Googlers will go on to do MBAs, and with a bit of luck a few will stay and use their expertise in India, rather than go abroad.”

Posted by Sanat Sur | Report as abusive
 

Again, the occupiers mind speaks proudly of another occupied land, Hyderabad.
It was Muslim Kings, one of the richest places in the world, who was thrown out, robbed by their ennormous wealth. their family was asked to leave.
And now you are so proudly bragging about Hyderabad?
Go back and read the history. Then again, occupiers are prone to change the history books.
The Muslim culture is still very apparent there.
Pakistan is not an occupier. India is. You cannot admit because the con artists always believe in taking over others wealth however you can.
Sami

 

Human rights violations you say lets see.

1.Ahmediya sect students kicked out of college in Lahore.
2.Hudood ordinance(gross violation of rights of 50% of population ie women.)
3.terror bombing using F-16 fighter jets of Balochistan.


And as for as our minorities:
1.Muslims

There was a proper inquiry into Gujrat riots and many many people were given life sentences(practically all hindus),muslims are equal partners in our growth India’s richest man:Azim Premji,fmr prez:APJ Kalam,Pharma baron:Yousuf Hamid etc etc etc.Most of them are acutely aware of the fact that pakistan is a feudal punjabi muslim state and many have died fighting against pakistan in the many wars we have fought (and won).

2.Sikhs

Sikhs are 4 times richer than hindus and are fully integrated in Indian society they don’t exactly have fond memories of what your dear Aurangzeb did to teg bahadur etc.I know you are trying to stir things up keep trying,really please do.

3.Christians

wow what’s next parsee,jain,bahai ?

Try tolerating the rights people who aren’t punjabi sunnis males(>70% of your pop) then we’ll talk.

Till then please please fix your economy we don’t want a illegal immigrant problem on our western border like we have with Bangladesh.

Posted by Shantanu Chatterjee | Report as abusive
 

AND ANOTHER REPORT FOR YOU. This report was published in CNN a few days back

“RAND: Pakistan helped Taliban

KABUL, Afghanistan (AP) — Pakistani intelligence agents and paramilitary forces have helped train Taliban insurgents and have given them information about U.S. troop movements in Afghanistan, said a report published by a U.S. think tank.

Taliban militants stand near a burnt police Jeep vehicle in Ghazni, Afghanistan.

The study published Monday by the RAND Corp. also warned that the U.S. will face “crippling, long-term consequences” in Afghanistan if Taliban sanctuaries in Pakistan are not eliminated.

It echoes recent statements by U.S. generals, who have increased their warnings that militant safe havens in Pakistan are threatening efforts in Afghanistan. The study was funded by the U.S. Defense Department.

“Every successful insurgency in Afghanistan since 1979 enjoyed safe haven in neighboring countries, and the current insurgency is no different,” said the report’s author, Seth Jones. “Right now, the Taliban and other groups are getting help from individuals within Pakistan’s government, and until that ends, the region’s long-term security is in jeopardy.”

Pakistan’s top military spokesman rejected the findings.

The study, “Counterinsurgency in Afghanistan,” found some active and former officials in Pakistan’s intelligence service and the Frontier Corps — a Pakistani paramilitary force deployed along the Afghan border — provided direct assistance to Taliban militants and helped secure medical care for wounded fighters.

It said NATO officials have uncovered several instances of Pakistani intelligence agents providing information to Taliban fighters, even “tipping off Taliban forces about the location and movement of Afghan and coalition forces, which undermined several U.S. and NATO anti-Taliban military operations.” No timeframes were given.

The report said Pakistan’s intelligence service and other government agencies provided Taliban and other insurgents with training at camps in Pakistan, as well as intelligence, financial assistance and help crossing the border.

When asked in an Associated Press interview last month what the state of the insurgency might be in 2013, the outgoing NATO commander in Afghanistan, U.S. Gen. Dan McNeill, said: “If there are going to be sanctuaries where these terrorists, these extremists, these insurgents can train, can recruit, can regenerate, there’s still going to be a challenge there.”

Afghan President Hamid Karzai has pleaded with the world community to address the issue of militant sanctuaries in Pakistan. Afghan intelligence officials say young, uneducated males are recruited in the border tribal areas to become suicide bombers and fighters. After battles or attacks in Afghanistan, militants flow back into Pakistan to rest and rearm, officials say.

Pakistan — which supported the Taliban regime in Afghanistan before the September 11, 2001, attacks — denied it is supporting the insurgents but acknowledged the problem of militant infiltration. Watch the new government explain efforts to talk with militants »

“Whenever these kinds of places are identified or pointed out, action is taken against these places and there are umpteen examples in the past where the actions have been taken against these insurgents, or, for that matter, foreigners,” said Pakistan military spokesman Maj. Gen. Athar Abbas. “Therefore, we reject this claim of sanctuaries being aided by Pakistan’s army or intelligence agencies.”

Pakistan Interior Ministry chief Rehman Malik said Monday that he met with Karzai in the Afghan capital over the weekend, and the two sides agreed to set up biometric screening at key border checkpoints.

Malik said tens of thousands of people cross each day without any documentation.

“They go without any checking — no passport, no documentation. It’s a free-for- all,” he told reporters. He said the new computerized system would begin operating within two weeks.

Nevertheless, he defended Pakistan’s efforts to police the border, saying the government had deployed 120,000 troops and had set up five times more border posts than there are on the Afghan side.

Malik expressed willingness to share intelligence on extremists and conduct joint operations with Afghan security forces. He denied that Pakistan would strike peace deals with terrorists in order to calm Islamic militancy on its own soil.

Pakistan has insisted it is only pursuing negotiations with militant groups willing to lay down their arms, and it has relied partly on tribal elders to mediate. A handful of deals have already been struck.

U.S. officials say attacks where U.S. troops operate in eastern Afghanistan have gone up significantly since those deals were reached earlier this year.

The study said that besides the Taliban, other major militant groups find sanctuary in Pakistan. These include al Qaeda, Gulbuddin Hekmatyar’s radical Hezb-i-Islami group and the Haqqani network, led by Jalaluddin Haqqani and his son, Siraj.

“These insurgent groups find refuge in Pakistan’s Federally Administered Tribal Areas, North West Frontier Province, and Baluchistan Province,” RAND said in a news release. “They regularly ship weapons, ammunition and supplies into Afghanistan from Pakistan, and a number of suicide bombers have come from Afghan refugee camps based in Pakistan.”

The report also called on the U.S. and its allies to help build the Afghan security forces, particularly the police, and to improve the quality of local governments, especially in rural regions.

It also claimed that Afghanistan’s police are incompetent and “almost uniformly corrupt,” echoing frequent criticism of the police by international officials here.

The U.S. is spending billions of dollars to train and equip the Afghan police, but the efforts are still years away from being completed.

Posted by Sanat Sur | Report as abusive
 

This is another report. It has been published in Reuters and making headlines across the world. Look and the sharp contrast between these two reports.

The report is this:

MUMBAI (Reuters) – The chief economic advisor in India’s Finance Ministry on Thursday said the country will grow at an average rate of 9 percent in the 11th plan period, which covers 2007-2012.

Posted by Sanat Sur | Report as abusive
 

I have been reading the blog, it was just a simple talk about economy and ended up in threats from both sides. That is a real SHAME, for both sides.

Posted by Sarfraz | Report as abusive
 

If you read the debate again, Im not threatening anybody.
All I want to know if India is not violating human rights of its minorities then why does this country have second highest number of UN resolutions against it.
As for Pakistan, any time people like Sanat Sur hear anything postive said about Pakistan they get on the band wagon to proove wrong however they can,even if they have to lie.
Give it up Mr. Sur, read the article again. The heading itself is “Looking at the positive side of Pakistan’s economy”. So things there are not as bad as you would like to falsly proove. This is a Rueters report too.
As for Muslim massacre in Gujrat, why is Mr. Narendra Modi elected after ordering mass murder of Muslims in the riots? Why was he not jailed? How was he elected again to be minister? a minister or a monster?
Yes if there is anything done wrong by Pakistan, we Pakistani’s never cover up or become deffenssive. Wrong is wrong. Just watch Pakistani media anywhere in the world. On the other hand you people never admit the atrocities against your minorities, terrorism by your country, occupied Kashmir issue and many other problems.
Lets be honest here.

 

Despite all the problems with Pakistan from in side or out side, Pakistan always overcomes all the obstacles. The days are near when Pakistan will soon be know as Asian Tiger.

 

Wishful thinking pakistan Law. Zardari and rulers like him will make us so impoverish in 1-2 year’s time, we won’t even know what will happen to our country. Just wait and watch. Don’t rely on media coz they are all sold out. We are in for a big crisis from all sides as long as Mr. 10% is the sole ruler of Pakistan.

Posted by Khurram | Report as abusive
 

Great post!

I always say to my friends especially foreigners that look @ Pakistan beyond the media propaganda created by Fox, Sky, etc. Pakistan is not or near it but you won’t be disappointed!

 

wow @ all you illiterate people
go and learn the history of the taliban, (began with us funding and support) , then learn the history of kashmir, and then learn the history of pakistan and india
i am from neither of those countries, and neither would i want to be
Chatterjee, you are telling indians to get off, why are you still on
This was about the positive side of Pakistan’s economy, not who owns kashmir
get a life, and step in the 21st century, where the west doesnt care much about india or pakistan

Posted by tj | Report as abusive
 

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