Pakistan's economic condition after OBL's death
May 02, 2011 was the day of celebration around the world because world's most wanted man ($ 250 million) was killed in Abbotabad Pakistan. An operation was taken place by US military at 1 am PST. In the morning President of United States Barak Obama announced the news.
Here I'm not going to discuss what happened on that day because you people are much vigilant than me. Moreover, I'm not looking into conspiracy theories. The purpose of putting words here is to describe economic conditions of Pakistan after the event.
It was very difficult to get gasoline on the very first day when Osama was killed. The fiasco doesn’t end until now. It is very difficult to get tanks of vehicle filled at premium price even.
If I depict the picture of the stock market of Pakistan - Karachi stock market pronounced widely as KSE, is very horrible. Since January it was observing the bullish trend and touched the level of 12000 points. But on the second day of OBL’s death it started losing the confidence of foreign investors and punters too. On that day KSE-100 index lost more than 300 points and it is declining.
Moreover, US aid is the big injection in the economy of Pakistan but yesterday US senator has asked president to stop supporting Pakistan, which is ruining the economy. Foreign investors are reluctant to invest in such situation.
I must say world should back the Pakistan in this critical situation because it has suffered a lot due to terrorism, it’s time to support Pakistan at very front.
Here I'm not going to discuss what happened on that day because you people are much vigilant than me. Moreover, I'm not looking into conspiracy theories. The purpose of putting words here is to describe economic conditions of Pakistan after the event.
It was very difficult to get gasoline on the very first day when Osama was killed. The fiasco doesn’t end until now. It is very difficult to get tanks of vehicle filled at premium price even.
If I depict the picture of the stock market of Pakistan - Karachi stock market pronounced widely as KSE, is very horrible. Since January it was observing the bullish trend and touched the level of 12000 points. But on the second day of OBL’s death it started losing the confidence of foreign investors and punters too. On that day KSE-100 index lost more than 300 points and it is declining.
Moreover, US aid is the big injection in the economy of Pakistan but yesterday US senator has asked president to stop supporting Pakistan, which is ruining the economy. Foreign investors are reluctant to invest in such situation.
I must say world should back the Pakistan in this critical situation because it has suffered a lot due to terrorism, it’s time to support Pakistan at very front.
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