WAKE UP!!!

Aug. 25 (Bloomberg) — The ouster of Pakistan President Pervez Musharraf was hailed by the government as a chance to turn around a crumbling economy that has left half the 168 million population short on food. Investors aren’t convinced, and that means more declines for the rupee.

Source

Templeton Asset Management Ltd. and Aberdeen Asset Management Plc said they doubt Pakistan’s new leaders have the resolve to slash outlays or raise borrowing costs to help curb the fastest inflation in 30 years at a time when the economy is slowing. The risk of failure has prompted investors, stung by a global slump in stocks and debt markets, to shun developing economies from India to Chile that face similar dilemmas.

“Inflation can only be beat by a cut in government spending, which means turning off the currency printing press,” Mark Mobius, executive chairman of Templeton in Singapore, who has about $200 million invested in Pakistan, said in an interview. “Stop spending. Stop wasting through corruption.”

WAKE UP!!!

Aug. 25 (Bloomberg) — The ouster of Pakistan President Pervez Musharraf was hailed by the government as a chance to turn around a crumbling economy that has left half the 168 million population short on food. Investors aren’t convinced, and that means more declines for the rupee.

Source

Templeton Asset Management Ltd. and Aberdeen Asset Management Plc said they doubt Pakistan’s new leaders have the resolve to slash outlays or raise borrowing costs to help curb the fastest inflation in 30 years at a time when the economy is slowing. The risk of failure has prompted investors, stung by a global slump in stocks and debt markets, to shun developing economies from India to Chile that face similar dilemmas.

“Inflation can only be beat by a cut in government spending, which means turning off the currency printing press,” Mark Mobius, executive chairman of Templeton in Singapore, who has about $200 million invested in Pakistan, said in an interview. “Stop spending. Stop wasting through corruption.”

I dont want Zardari to be the next President

Imagine a 100 people standing outside your house… now imagine a 1000… now imagine 160 million.

Yes this is the number of lives one decision of our leader can change. Do I need to elaborate further? And i dont need to tell you why he is not a great candidate, do I?

I am amazed that the “proactive” blogs of Pakistan are suddenly silent on this issue of the new president. Don’t know why.

I dont want Zardari to be the next President

Imagine a 100 people standing outside your house… now imagine a 1000… now imagine 160 million.

Yes this is the number of lives one decision of our leader can change. Do I need to elaborate further? And i dont need to tell you why he is not a great candidate, do I?

I am amazed that the “proactive” blogs of Pakistan are suddenly silent on this issue of the new president. Don’t know why.