Emerging markets require special attention. Standard models don’t apply, conventional wisdom doesn’t work and traditional thinking can quickly land you in uncharted and troubled territory. Pakistan as an economy is not that different from other emerging markets. Like others we have our own personal challenges and demons. However given our special needs and situation…
Tag: Economy
The bottom is here …
On 3rd August 2008, I wrote the first depressing post of the season. Titled there goes your coolant, here comes your core, it more or less captured how I felt about the economy and the state of our firm. A number of other posts followed in the next few months with the same theme with…
Myths about Pakistan – a rant, or a middle class rejoinder – one
The inspiration for this post came from the responses to tech Lahore Post Modern Pakistan post. Not the post but the cynics who turned out in large numbers to remind us how bad things are today and how much worse they have become over the years. I am obviously not as educated or as well…
Rupee dollar parity – two
As per Ansar’s request, here is a breakdown of our imports for December 2008. All figures in ‘000 US$. Food Groups 236,176 Machinery 486,280 Mobile phones 10,149 Transport 107,040 Petrochemicals 403,592 Textiles 132,305 All others 761,520 …
The Rupee dollar outlook
The slow down and the correction has finally hit the trade numbers. The bad news is that compared to the previous month, December exports fell by about 14% in dollar terms. The good news is that imports fell by 22% and the balance of trade is now down to only 800 million US dollars. Foreign…
The state of the Pakistani Economy – part ii
(This post follows on the comments made in my previous post “The rise and fall of the Pakistani Rupee“) Entrepreneurs are the most irrational of all creatures. We see hope and optimism, when the rest of the world sees doom and gloom. While our internal outlook at times may turn to despair (we never have…