you would not know this reading from gora press but year to date returns on kse index are higher than the returns on sensex - the bombay stock index. reason this news is important is because investors unlike arm chair pundits or journalists actually put their money where there mouth is. no human being on earth likes losing money and therefore investors do their homework before making investment decisons. investors would not be buying karachi stocks if they felt that investing in pak was a money losing proposition.
unlike the price paid by investors, there are very little consequences for journalists when they get their analysis wrong. pakistani journalists as well their american counterparts have been wrong on every important issue since time immemorial but they still keep their jobs because serious people dont take journalists or pundits seriously. in fact good investors actually dig through headlines to find profitable investment opportunities and investors who have looked beyond headlines from pak have made very handsome returns over the last few years. and the gains would have been higher if pak politicians stopped acting like retards and instead worked for the betterment of pak.
below are a couple of news items on very significant long investment projects from pak announced yesterday. as the stories indicate, pak remains open for business contrary to picture painted by media. all bets are off however if politicians get their dirty paws over pak:
http://brecorder.com.pk/index.php?id=650943&currPageNo=2&query=&search=&term=&supDate=
Air Blue places $700 million orders for 14 A320-200s
KARACHI (November 12 2007): Pakistan’s fastest growing private sector carrier, Air Blue, has placed orders worth $700 million for purchase of 14 new A320-200 aircraft. This is the second largest order for outright purchase of brand new aircraft after national carrier PIA’s $1.2 billion order placed in 2005 for purchase of eight Boeing aircraft–three 777-ER-200, three 777-ER-300 and two 777-LR-200…
http://brecorder.com.pk/index.php?id=650909&currPageNo=1&query=&search=&term=&supDate=
$5 billion Khalifa Coastal Refinery at Gwadar: implementation agreement signing on November 13
ISLAMABAD (November 12 2007): Pakistan and Abu Dhabi’s International Petroleum Investment Company (IPIC) management are going to sign an Implementation Agreement (IA) on November 13, for setting-up a $5 billion Khalifa Coastal Refinery (KCR) at Gwadar.