Incessant Gibbers

Not long ago, the Karachi Stock Exchange was declared as the best performing stock market of Asia. In 2002, it was also declared as the best performing stock market of the world by Business Week.

Today, it is featuring among the five worst performing markets in Asia, thanks to the gift of Feb 18 elections.

Currently the KSE is suspended to curb the slump witnessed in the past months. I can recall the voices on TV calling for the trial of Shaukat Aziz for his alleged involvement in the crash of KSE, which happened less than 5 times during his tenure. After his departure, I guess the KSE closed in positive mode around 10 times only. The rest have all been extreme negatives. Why isn’t the free and fair media banging the door of the Finance Minister (if there is any) and asking him the reasons? Why is the minister (who has 2 more portfolios) hiding from the scene?

In the past 5 months, the companies listed on KSE has lost 51% of value. While the index has gone down by almost 6000 points.

There were talks of Musharraf being the cause of concern among investors, but now what? Who is responsible for creating this mess in the country? Isn’t this the combined failure of PML-N and PPP? Can’t we all see?? Why isn’t this reported as the most important matter on news? Why isn’t this addressed in an exigent manner?

At this time, the former PM Shaukat Aziz must be given due credit for injecting confidence among the investors and strengthening the economy of Pakistan. Sadly, the incompetent ministers and politicians cannot even come close.