Areesh
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Nope you are wrong. Like always.
Pakistan Beats India, Again
- Thread starter Farooq
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Nope you are wrong. Like always.
beijingwalker
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Pakistan Beats India, Again
JAN 9, 2017 @ 08:48 PM 8,105 VIEWS
After beating India in equity markets, Pakistan beat India in another metricrecently: Geopolitics.
The country's leaders have skillfully leveraged Pakistan's strategic geographic location to extract a series of benefits from America and China.
In fact, the performance of Pakistan's equity markets and geopolitics isn’treflective of their independence from each other. Geopolitics has been, and will be, a major driver for the country's financial markets.
Index/Fund
12-month Performance
IShares China (FXI)
13.00%
Global X Pakistan (PAK)
40.78
iShares S&P India 50 (INDY)
8.49%
Source: Finance.yahoo.com 1/6/17
Back in 2001, Pakistan leveraged its proximity to Afghanistan to extract a big benefit from America: a write off for a big part of its foreign debt--the spark of Pakistan's fifteen-year bull market.
America needed Pakistan as an ally in its war against Afghanistan. And Pakistan's leadership offered to do just that in exchange for the US brokering debt relief for their large external debt - 60 percent of the country’s GDP, with debt serving counting for 30 percent of exports.
“A unilateral default seemed almost inevitable,” writes Marko Dimitrijevic inFrontier Investor (New York: Columbia Business School, 2017). “However, the United States’ post-9/11 collaboration with the Musharraf government to fight terrorism provided an environment conducive for Pakistan to request the rescheduling of its debt.”
Indeed, in December 2001, the Paris club did just that, cutting Pakistan’s debt by $12 billion, with IMF providing the country additional funding.
The rest is history. Pakistan’s currency strengthened as foreign expatriate remittances and foreign capital flowed into the country, with a good chunk of it ending in financial markets -- which took off, until the 2008-9 financial crisis.
Then China came along to re-ignite Pakistan’s market, once again.
Beijing needed a western route to the Middle East, and Africa--China's second continent. Ideologically that is, which can explain why Beijing committed $46 billion to China-Pakistan Economic Corridor (CPEC). In addition, China has been investing in Pakistan’s infrastructure companies.
In a sense, Pakistan’s gain is India’s loss, as China cannot appease both countries at the same time. In fact, it has done quite the opposite: repeatedly blocking India's efforts to join the Nuclear Supplier Group (NSG).
And it has sided openly with Pakistan in the India-Pakistan Kashmir impasse, as evidenced by statements by China’s senior officials on the sidelines of the ongoing 71st session of United Nations General Assembly in New York, as previously discussed in a piece here.
http://www.forbes.com/sites/panosmourdoukoutas/2017/01/09/pakistan-beats-india-again/#4931319137c1
JAN 9, 2017 @ 08:48 PM 8,105 VIEWS
After beating India in equity markets, Pakistan beat India in another metricrecently: Geopolitics.
The country's leaders have skillfully leveraged Pakistan's strategic geographic location to extract a series of benefits from America and China.
In fact, the performance of Pakistan's equity markets and geopolitics isn’treflective of their independence from each other. Geopolitics has been, and will be, a major driver for the country's financial markets.
Index/Fund
12-month Performance
IShares China (FXI)
13.00%
Global X Pakistan (PAK)
40.78
iShares S&P India 50 (INDY)
8.49%
Source: Finance.yahoo.com 1/6/17
Back in 2001, Pakistan leveraged its proximity to Afghanistan to extract a big benefit from America: a write off for a big part of its foreign debt--the spark of Pakistan's fifteen-year bull market.
America needed Pakistan as an ally in its war against Afghanistan. And Pakistan's leadership offered to do just that in exchange for the US brokering debt relief for their large external debt - 60 percent of the country’s GDP, with debt serving counting for 30 percent of exports.
“A unilateral default seemed almost inevitable,” writes Marko Dimitrijevic inFrontier Investor (New York: Columbia Business School, 2017). “However, the United States’ post-9/11 collaboration with the Musharraf government to fight terrorism provided an environment conducive for Pakistan to request the rescheduling of its debt.”
Indeed, in December 2001, the Paris club did just that, cutting Pakistan’s debt by $12 billion, with IMF providing the country additional funding.
The rest is history. Pakistan’s currency strengthened as foreign expatriate remittances and foreign capital flowed into the country, with a good chunk of it ending in financial markets -- which took off, until the 2008-9 financial crisis.
Then China came along to re-ignite Pakistan’s market, once again.
Beijing needed a western route to the Middle East, and Africa--China's second continent. Ideologically that is, which can explain why Beijing committed $46 billion to China-Pakistan Economic Corridor (CPEC). In addition, China has been investing in Pakistan’s infrastructure companies.
In a sense, Pakistan’s gain is India’s loss, as China cannot appease both countries at the same time. In fact, it has done quite the opposite: repeatedly blocking India's efforts to join the Nuclear Supplier Group (NSG).
And it has sided openly with Pakistan in the India-Pakistan Kashmir impasse, as evidenced by statements by China’s senior officials on the sidelines of the ongoing 71st session of United Nations General Assembly in New York, as previously discussed in a piece here.
http://www.forbes.com/sites/panosmourdoukoutas/2017/01/09/pakistan-beats-india-again/#4931319137c1
Storm Force
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Didn't realize Pakistan actually had their own stock exchange
Shocked
Shocked
danger007
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GumNaam
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that is exactly how we want you to view us. your ignorance is our secret weapon.
khansaheeb
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KSE has a market capitalization of a mere $91 billion.
Whereas BSE Has a market capitalization of $1.57 trillion.
Reliance and Tata have more market cap than entire KSE.
Investing in Pakistan becomes a very attractive proposition , anyone with basic economics knowledge can deduce this.
suresh1773
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What about power load shedding, what about law and order.
GumNaam
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Law and order restored. Power load shedding is soon to be restored. Enuf said!
NirmalKrish
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Great in light of this shocking news I am going to sell my stock's from the BSE and move to mars!
suresh1773
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Yeah restored on Paper, every now and then attacks, bomb blasts, suicide attacks. About load Shedding, there is another thread which I have read today that Electricity production hits a record low. The article says that only 5500 megawatts of electricity are being produced to meet nationwide needs which is a record low.
Government and private power plants have reduced their electricity production due to non-payments. Circular debt reached as far as PKR 675 billion because the private and government power plants were not granted billions of rupees in payment.
Currently, the country is facing long hours of unannounced load shedding. The big cities are witnessing unannounced power outage of about 4 to 6 hours every day.
If the power houses are not returned payments, the duration of load shedding is expected to worsen
https://defence.pk/threads/electricity-production-hits-a-record-low.471875/#post-9096960
GumNaam
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Your saying this to someone who has a large family in Pakistan so knowing first hand that law and order is resorted and load shedding is not as bad as the media makes it look, you expect me to believe horse crap? Bear in mine, news of increase in power load shedding comes every freaking month and the opposition political parties always paint a dooms day scenario. Typical media sensationalism, nothing new, nothing will happen. Now of course, so as long as the terror sponsoring state of india is around, it will attempt to send in some terrorists every now and then. We expect that to happen and are ready to send them back to india in body bags. So don't you worry your lil black heart, we'll be juuuuust fine.
Last edited:
danger007
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that is exactly how we want you to view us. your ignorance is our secret weapon.
BSE is one of biggest share market, and yours is unknown...
NirmalKrish
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PSX is inferior bro, well at least it is on
GumNaam
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Here you go buddy, eat your heart out!
And to add insult to injury, look at the name, it's written by an indian!
Ab chalo jao aur achay bachay ki tarha doodh ki chuski laga kay so jao, shabash!
NirmalKrish
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Here you go buddy, eat your heart out!
View attachment 367533
And to add insult to injury, look at the name, it's written by an indian!
Disputes aside, good for you & the people of Pakistan - Concentrate on development rather than rhetorics!
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