Showing posts with label pakistan. Show all posts
Showing posts with label pakistan. Show all posts

Tuesday, November 6, 2007

on the other side of the LoC

finally, musharraf the man himself may have to bend his knees to the US diktat..shed the uniform and hold the elections at the earliest...wth musharraf havin declared an emergency in pakistan, the entire drama had reached a high-point..the much needed intervention by the pak ally has brought some hope to the citizens of pakistan..here are some stats on hw the pak economy ws affected by one man's covetousness of power..

“The stock exchange had the largest fall in its history yesterday; it fell 635 points,” Arshad Zuberi, deputy CEO of the Karachi-based Business Recorder told The Media Line.

The fall wiped more than $300 million off the value of the Karachi stock exchange.

In addition to the above there were talks of cuts in the aid given to pak which has been to the tune of $11 bn since 9/11 and was estd to be $800 mn in 2008 however now tht musharraf has agreed to conduct the elections as scheduled, the situation seems to be deflating. A point to note is tht he has yet not committed on shedding the uniform..