Emirates telecom may double its stake in Pakistan soon!

With things the way they are in Pakistan,this news certainly comes as a spot of good news to the already beleaguered economy.what with the political situation in a turmoil with both ex-prime ministers of Pakistan,Benazir Bhutto and Nawaz Shariff,returning to Pakistan soon,the emirates telecom,Etisalat has announced that it has decided to up its stake in Pakistan telecom from 26% to 51%.this announcement was made very recently and the talks with current Pakistani government is expected to take place soon regarding this.but with the situation in Pakistan in such a flux,will this talk take place is any body's bet!

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Pakistani economy - walking on thin ice!

Pakistan is certainly undergoing a change and this is not the favorable kind of change.the situation is such that all arms of the government are at a crisis now.what with the Supreme court having suddenly discovered its extent of powers and the Pakistani government lurching from one situation to another,is it any surprise that the common man fears instability?
It should not come as a shock to the current president Musharraf since he was the one who had been creating these situations himself.instead of containing the situation and doing some damage control,the situation only seems to get more worse day by day.it is the Pakistani economy that is taking the hit as more and more investors are wary of investing in Pakistan especially as there is a sort of political upheaval taking place in the country!

Tall claims regarding Pakistan's growth!

A pakistani official claimed today that the country's growth was on the right track and that the recent imbroligo in the country,between one section of the society with the other had no negative impact whatsoever on pakistan's growth.that is indeed a very tall claim.to start off with pakistan's growth was not much to begin with but once musharaff took over whatever little confidence the investors had on pakistan soon disappeared.
Recently the power tussle between the judicary and the executive branches of the government saw that the rest of the investor confidence go bust.currently not many international investors are willing to put money in pakistan especially when the situation remains so fluid.and the sectarian violence along with civil strife in the Baluchistan provinces are REALLY not helping matters.if truth be told,pakistan would do well to keep its house in order first before issuing such statements which i am sorry to say are not fooling that many investors.a safe house would always be a well stocked house.so keep it in order first then the FDI investors would come in droves all by themselves!