Re: how to deal with our supreme court
on behalf of my firm, i trade emerging markets securities. today, i decided to sell my investments in pak which until recently was my favourite investment destination. one of the main reasons i was bullish on pak was that the current group of pakistani economic managers are by a big margin, better than their counterparts in other emerging markets like india or the philippines. thanks to the supreme court however, not only will the economic team be disbanded, but also politicians - the worst elements of pakistani society - will now exercise unchecked controlled over pak. apparently our supreme court thinks that politicians are allowed to commit any crime in pak. the competence of our supreme court can easily judged by the fact that these guys have not been able to find zardari and nawaz sharif guilty of corruption.
the jungleepunna displayed by our politicians will pretty soon scare away all foreign investors who last year put around $7-8bn in pak. foreign investment is critical to pak because it helps to keep the currency stable. rise of china has caused big increase in demand for commodities like oil and food items which in turn is driving inflation in countries like pak which lack natural resources. without foreign investment, rupee will depreciate which in turn will drive import prices thereby sending inflation through the roof. and its the ghareeb tubqa most impacted by inflation. unfortunately global economic situation is much tougher now compared to in the 1990's so room for error is very small.
one aspect of 1990's pak i would like to see revived is the treatment our politicians meted out to judges. that, i am afraid, is the only zubaan the bozos sitting in our supreme court understand.
don't blame others for ur miscalculations.
If ur firm is selling investments, do let me know by PM, as if they are in line of our policy, i'll make my firm to buy those. so if ur firm is serious in selling those then do PM me.
and i do doubt the competence of ur Invesment decision maker who thinks Philipine is better destination. :D unless and otherwise they don't have their brains "somewhere" else.