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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (48060)	3/14/2005 6:03:38 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Today is the happiest day for markets in Pakistan-Market performances are directly related to country’s political direction and fortunes in this interconnected world; someone out there must be really pumping a lot of money in Pakistani stocks, for the political change f direction of the country has encouraged this move.. One can rather plot on every breakaway point on market charts political events that has helped the market, the most important being accorded a top ally status by Bush.. Yesterday Rice and day before that Bush statements brought the risk premiums associated within the markets further down "Is it a bird!, a plane!, no it's KSE100". 10000 mark achieved, a small step towards greater investment prosperity and a giant leap for Karachi Stock Exchange. The market flew with great velocity from its initial opening under the strong leadership of "OGDC", closing on its upper circuit of PRS176.55 up PRs12.30, which without any doubt has become the Mercedes of all scrips. The market throughout the day observed very handsome buying in most of the stocks such as FFC up PRs5.85, ENGRO, TELE and FFBL all closing on their upper circuits giving the market an impetus to further move upwards. It was an unprecedented day in which the investors had a field day since the beginning as their purchases skyrocketed to new highs under the headship of major pivotals. The market it seems still has the capacity to further appreciate, but the level of 10000 achieved without any major correction has a lot of analysts and investors on the edge of their seats. Volatility in coming sessions seems very vibrant and it is advised to be cautious, nonetheless it would be better to stay in major blue chip stocks on correction. Regards, FCEL Research

To: IQBAL LATIF who wrote (48060)	3/16/2005 7:12:19 AM
From: malibuca	Read Replies (1) \| Respond to of 50167

Iqbal Latif states And news from the best performing market in the world;;; post 911 a new nation vibrant and active emerging with the help of Mr. Bush Now for the "rest of the story". You are quite right about the stellar performance of the market in Karachi - but as you are prone to do, you leave out the stark vulnerabilities facing Pakistan. As an informed Pakistani and a self-professed expert in geo-politics, you had to have been aware of the CIA's recent assessment of the prospects for Pakistan. I did not see a word about it in your various postings. To be specific: CIA projects Pakistan to be a failed state by 2015 Amidst all of the apparent support that the US has been extending to Pakistan, there are murmurings within the Bush administration that in the long run, US strategic interests are not well-served based on any alliance with Pakistan. The inherent risk to the US and its allies of a failed state in Pakistan which has nuclear weapons is a source of major concern. If you would like to understand the suspicion with which Pakistanis view the US, this article will be revealing. The finding by the CIA which concluded that Pakistan would be a failed state by 2015 understandably caused consternation among many Pakistanis. The piece is written (in Dawn, a highly regard publication in Pakistan) by Mr. Tayyib Siddiqui - who is not an anti-Pakistan zealot but a reputable person within public life in Pakistan. He joined the Pakistani Foreign service in 1967. He served as Ambassador to Zimbabwe, Indonesia, Egypt, Switzerland and the Holy See and retired from diplomatic service in 2003. The entire opinion appears in the link shown but the excerpt relating to the CIA's bleak assessment of the future for Pakistan states: "Pakistan, in the view of US policymakers, is vulnerable on account of its weak social and democratic institutions, and despite an impressive economic recovery, remains politically fragile. While the rapprochement with India has made significant progress, the inherent instability and volatility of Pakistan polity has aroused considerable concern in the US. The recent CIA and Congressional Research Report provide insight into US assessments and apprehensions regarding Pakistan. The reports paint a rather depressing profile of Pakistan a decade from now. In 2015, Pakistan has been projected as "a failed state ripe with civil war, bloodshed, inter-provincial rivalries and a struggle for control of its nuclear weapons and complete Talibanization". The report further identifies six trends that provide some basis for this doom scenario. These include political and economic mismanagement, divisive politics, a feckless bureaucracy, lawlessness, corruption, ethnic and sectarian differences and militant religious politics." dawn.com