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Recently by RiazHaq
- Pakistan's Siachin Film Wins Top International Award
- Sane Indian Warns Against "Unconcealed Delight"
- India's Broken People
- The True Picture of India versus Pakistan
- Pakistani Tailenders Phenomenal Stand at Abu Dhabi
- Wide Gender Gap in South Asia Leaves Women Behind
- Pakistanis Defy Taliban Terror
- Feudal Slavery Survives in Pakistan
- Nepalese Maoists Aiding Indian Rebels
- South Asians Lack Focus on Primary Education
- Pakistan's Haq Beats Roger Federer in Tennis Doubles
- Is Pakistan Too Big to Fail?
- 1984: Sikhs Remember Murdered Friends and Family
- Hillary Draws Strong Rebuke in Pakistan
- Taliban or RAW-liban?
- Bloody Revolution in India?
The phrase "too big to fail" has gained currency in the United States to describe large and troubled financial institutions since the beginning of the banking crisis last year. The characteristics of such institutions include their large size and huge impact on the rest of the US banking system and the global economy at large.

Seen in the context of regional and global geopolitics, are there any parallels between the the large US banks and the Pakistani state? Let's examine this proposition in a little more depth.
Large Size:
In terms of its size, Pakistan is one of the largest countries in the world. With a population exceeding 170 million, it is one of only eight nations armed with nuclear weapons. The nation ranks as sixth largest in population, seventh largest in its army size, 8th in number of mobile phone users, 10th in educated English speaking population, 10th in labor force size, 17th largest in number of Internet users, 26th in economy and 34th in land area.
Strategic Location:
Pakistan sits at the entrance to the oil rich Persian Gulf, and it shares borders with Afghanista n, Iran and the world's most population nuclear states of China and India. Pakistan's Gwadar port is only 180 nautical miles from the exit of the Straits of Hormuz, considered extremely important for the flow of the bulk of world's demand for oil transportation from the Gulf nations. It provides convenient access to sea routes for many of the landlocked mineral-rich Central Asian states and Western China.
Pakistan has a 650-mile long coastline on the Arabian Sea, extending from India to Iran. In addition, some of the air routes between west and east pass through Pakistan because of its central location. Karachi and Gawadar are natural harbor ports serving as trading and re-fueling stops for ships.
Major Failures:
Not unlike the troubled US banks facing the prospect of certain failure, Pakistan also shows up at number 10 on the failed state index compiled by Fund for Peace and Foreign Policy magazine in 2008. However, in spite of the disastrous political leadership and extremely poor governance, the country’s saving grace is arguably its people. As the consequences sink in among Pakistan’s secular elite of the rising Taliban, there are signs that the country’s educated middle class – in Islamabad, Lahore and Karachi, cities rocked recently by continuing terrorist attacks – is losing its patience with radicalism. The urban middle class has more clout than many analysts think. It constitutes the backbone of the army, the business and professional classes and the opinion makers in the media. And the middle class is getting serious about its responsibility. They have now compelled the government into taking more decisive action.
Anger and Distrust:
Just like the US bankers who are getting bailed out at US taxpayers' expense, Pakistanis do not trust Uncle Sam, either. But, in spite of the widespread and d eep distrust of the United States, the latest polls now indicate that 86 percent of Pakistanis agree that Taliban and Al-Qaeda militants pose a problem for Pakistan and more than two-thirds support a recent Pakistani army offensive against the extremists. Just as many US taxpayers are unhappy with the massive bailout of the US financial services, there is popular opposition to bailing out many troubled nations around the world. Just as people say that US bankers should have to pay for their own failures, there is a strong feeling that nations who have misbehaved should be made to pay for their mistakes.
Consequences of Failure:
The fear of contagion triggering national and global economic collapse was the chief reason why the US acted swiftly and decisively to prop up the failing financial institutions on Wall Street last year. The same "contagion" logic applies to Pakistan's potential failure which can lead to catastrophic consequences for Asia, the Middle East and the rest of the world, and seriously hurt American economy and strategic interests. If a nuclear-armed nation of 170 million people with a large military falls, then the millions of Pakistanis armed and trained to fight could spread out into the neighboring nations and beyond. This could be highly destabilizing and extremely dangerous for the global peace and prosperity.
Rewards of Success:
If Pakistanis, Americans, Europeans and the world make a commitment and do succeed in helping to bring peace and stability to Pakistan, then there can be an expectation of a significant upside for all. A peaceful, stable, and prosperous Pakistan has a lot to offer in terms of a large, well educated English speaking work force, a huge market opportunity for all sorts of products and services, and tremendous potential for global economic growth.
There is no guarantee of success if the world does make a serious commitment and starts making a long term investment in helping Pakistan, but failure is definitely not an option.
Here are two video clips about Pakistan:
Related Links:
Pakistan's Foreign Visitors Pleasantly Surprised
Start-ups Drive a Boom in Pakistan
Pak istan Conducting Research in Antarctica
Paki stan's Multi-billion Dollar IT Industry
Paki stan's Telecom Boom
ITU Internet Data
NEDUET Progress Report 2008
Pa kistani Entrepreneurs in Silicon Valley
Musharraf' s Economic Legacy
S hould Pakistanis be Proud of Their Country?
Pakistan' s International Rankings
Assessing Pakistan Army Capabilities
P akistanis See US as Biggest Threat
Pakistan is not Falling
Fear, Greed and Bailout on Wall Street
Jinnah's Pakistan Booms Amidst Doom and Gloom
add to my favorite ilogs
flag objectionable content
It doesn't take much to get the bigots excited and on their feet to perform to whatever tunes you select.
Hope you are enjoying the circus clowns act :-)
I sure am!!
keep it up riaz sahib!
pakistan zindabad!!!!!
Hope against despair......
Gas and food loans:
Four banks – Askari Bank, National Bank of Pakistan, Standard Chartered and United Bank – have clubbed a Rs2.5bn (US$30m) three-year financing for Sui Southern Gas Co. The loan pays 195bp over three-month Kibor. Proceeds are for capex.
Just for peanuts (30 millions) they have to pledge their stock. LOL
Now this pathetic from frustrated Pakistan which jumps on peanuts like a dying hungry monkey......
Read above words carefully - its a blackmail in disguise. Give us the money.....or else!
But no matter, now that the US has understood Pakistan´s game plans, the US is behaving prudently by snubbing Pakistani lawmakers right in their den.
As for the money, they have already said no on the cash, hence Pakistan is choked and doing the US bidding.
Pakistan cant deny US its 1000 Marines.
Pakistan cant do anything on drones.
Pakistan is told to work in a textbook manner and decimate AlQuida and Talibanis. As a result Pakistan came up with monetary reward on Mehsud commander and its 18 lieutenants just few days ago in tandem with US Gov.
Now its US command! Do it or else.......And Pakis R helpless dogs on this.
This is precisely what Pakistani Army have been doing all the while with their few fire cracker in hand to arm twist other nations - for them to fork out some money to Pakistanis every six months.
Ohh this shameless lotta nation!
BHIKHMANGE - KANGAL!
Pakistan’s effective foreign exchange resources are down to US$3 billion—sufficient to cover about a month’s worth of essential imports. And other than a tranche of US$500m from the Asian Development Bank, it has received few firm promises.
After Standard & Poor’s cut the country’s sovereign long-term foreign-currency rating to CCC+, with a negative outlook, it has become “the world’s riskiest borrower according to credit-default swap prices from CMA Datavision.”
Even the Saudis—Pakistan’s traditional bailors—have stalled announcing the US$6 billion oil credit facility. The Saudis are very likely trying to teach the PPP government a lesson (even as they remain thick with Nawaz Sharif). There are no reports of China providing direct financial assistance.
The Pakistani government is attempting measures like securitising future remittances, but given its credit rating and the mood of the global financial markets, the success and the efficacy of such moes is likely to be limited. That leaves approaching the International Monetary Fund. But an IMF loan will come with the condition of an “intensive economic reform programme”. In Pakistan’s current political climate, trying to implement the kind of programme that the IMF will demand is a recipe for disaster.
Aha - oho - hehe - hoho......
Malaysia confiscates more than 20,000 Bibles over their use of the word "Allah"
Thailand: "More than 3900 people have died in shootings, bomb blasts, beheadings and crucifixions" since 2004
Caught: Muslim father who attempted honor killing in Arizona
Somali women flogged for not wearing socks
Muslims threaten New York restaurant for serving alcohol.
Son of jihadist Detroit imam caught in Canada; two other jihadists still at large
Somalia: Islamic supremacists murder Christian woman for refusing to wear veil
With so many above listed topics of interest for India-Pak people - but this Paki aluminium beer can would not touch them because its unislamic a subject for this 5 times Namazi dude who carries mat wherever he goes!
Suresh this fellow is 5 times Namazi - a devout moslem, what would you expect from him other than endorsing extremists who are doing damage to western countries including USA where he lives right now and makes money from.
One who truely believes in Quran that all kafers be eliminated and Dar ul Islam be established.
Dont expect any pragmatism from his end. Period.
I dont know how big or small, but Pakistan is failing!
Sorry for the above incorrect statement!
Rectification:
Pakistan has failed on top 10 scale and it is official.
Pakistan is facing an economic meltdown, mainly because of the political crisis, and dozens of suicide attacks by Taliban militants around the country, causing foreign investors to flee.
The country's foreign reserves dropped some 75 per cent over the last 12 months from 18 billion dollars to around 4.3 billion dollars.
At the same time, the rupee has weakened by more than 27 per cent against the dollar, the current-account deficit reached a record 14 billion dollars in the year ending June 30, and inflation has risen to over 30 per cent.
The Islamic country has also sought International Monetary Fund assistance to avoid default on its external debt payments, but only after it can get much-needed hard cash of between 3.5 and 4.5 billion dollars within the next 15 to 30 days from friendly nations.
But a strict IMF programme may require Pakistan to do away with all subsidies, hitting hard especially the poor as well as business activities in general.
There are reports suggesting that even some of Pakistan’s best friends, Saudi Arabia and China, are lukewarm towards Zardari and it was difficult therefore to whip up international enthusiasm for the NEXT LOAN MELA.
My dear Paki aluminuim beer can, money comes but with strings attached, so brace up!
Its quite funny to read his Ilogs. He writes a complete ilog abt Pakistan without even mentioning one of these hallmarks: terror, Army Mafia, corruption, dishonesty among people, gross inefficiency, zero proven ability to do something positive in 60 years.
Those Chowkies who are here for a long time both Ind/Pakies completely ignore him. One has to go to the comment section in Pak alumni worldwide sh*t and see first hand how moronic, delusional pakistani ppl are. It really shows Pak in a very poor light. Its time Riaz Haq moderates his comment section on his blog LOL..
Aha...someone is day dreaming....
ISLAMABAD: The United States supports Pakistan in dealing with its security and economic crises, but the newly created Friends of Pakistan forum WILL NOT OFFER direct financial support, US Assistant Secretary of State Richard Boucher said at a press conference on Monday.
“We support Pakistan taking tough action to deal with the security and economic situation and we also appreciate Pakistani people’s determination to deal with the problems,” Boucher told reporters.
“THERE IS NO MONEY ON THE TABLE. The goal is to put the money where it belongs. IT IS NOT A CASH ADVANCE,” he said, adding the forum would help Pakistan in a systematic way to deal with economic issues.
He said the US would institute $30 million to help Pakistan in the energy sector. He said it was important for Pakistan to open up opportunities for investment.
Government statements said Boucher earlier met Prime Minister Yousuf Raza Gilani, Adviser on Interior Rehman Malik, National Security Adviser Mehmood Ali Durrani and Foreign Minister Shah Mehmood Qureshi in two separate meetings.
JUST 30 MILLION DOLLARS FROM FRIENDS OF PAKISTAN SO FAR. LOL
Dream on dream on.....but the dollars R NOT Coming anymore!
"Strait of Hormuz" , is carefully monitored by all world economies. For nothing America has troops in Arab world. Its to protect the Hormuz strait from even a minor conflict, which may trigger wild swings in oil prices. If someone wants to tinker with that they are at their own risk.. What walstreet did to Iraq. the Halliburtons, the Dick Cheneys....
If any nation tinkers with that again..... It will be accused of WMD...and Pakistan will be Iraq...
Riaz Haq and several Pakistanis have this glorious habits of lying, dishonesty in everything they do....congenital may be..
Dont forget Chabahar Port, Iran
Well, I expect them to get a lot more envious and angrier as the US, European, Arab, Chinese and Japanese dollar flows into Pakistan increase dramatically as part of the Marshall Plan for Pakistan, agreed already by the Friends of Pakistan Consortium.
Saudi Kharabiya declined cash assistance to Pakistan and its drone dependent economy....
The above equation works for Pakistan:
The more drones hover over Paki horizon, the more they get paid by Uncle chacha...its unwritten charter between the two now....
Admirals and air marshals do these ploys to attract more funds for their institution. Its called fear mongering tactic.
But the fact is fact:
Gawadar is limping, loosing money, at the edge of being dragged to London Court....LOL
India has expressed concern over the Chinese built Pakistani port of Gwadar. Indian Naval Chief, Admiral Sureesh Mehta said last week that the Gwadar port has “serious strategic implications for India.” “Being only 180 nautical miles from the exit of the Straits of Hormuz, Gwadar, being bulit in Baluchistan coast, would enable Pakistan take control over the world energy jugular and interdiction of Indian tankers,” he said. Admial Mehta’s statement coincides with the handing over of the port’s management to Singapore Port Authority which last year won a bid to operate the port for 40 years, and the government has exempted it from corporate tax and all import duties on equipment and machinery.
USA prints its USD unbriddled because the USD is not a legal tender yet it is a world currency owned by more than 175 reserve-central banks overseas including the US.
It costs just four cents to print a single 100 USD bill.
Now Pakistan does not have such a luxury which must rely on its gold reserves to print further currency or risk hyper inflation and subsequent devalue of Pakistani Rupee.
So dont match American bail out scenario with that of precarious and failed nation as Pakistan.
Aha....how many ships have been refueled?????
Oh you mean Gawadar - poorly planned made in china port? why would you mess with it, untill you know its dying statistics?
Here is something for you boy!
Since coming into operation in December 2008, it has been learnt that the Gwadar Port has been plagued with a host of problems such as transportation of goods into the area.
Gwadar trucks carrying cargo have no stand to park in, which has resulted in heavy traffic congestion in the city.
Because there is no truck stand anywhere, heavy vehicles are parked on the roads, leading to congested traffic.
The port lacks direct access to the Coastal Highway.
Gawdar port is limping.....
Singaporean firm (SPA) may ultimately go to the Arbitration Court in London, holding the government of Pakistan accountable for defaulting on its contractual obligations.
A eighth largest country does not know how to operate a port, so they bring in Singapore Port Authority on contractual basis to run the port - after Dubai Port Authority declined to run it.
India runs all its ports by herself without any foreign management.
Gawadar is in a big mess loosing money ever since.....
hahaha
So much for gaddar port
First you Read my article, This will clear all your doubts.
Let Pakistan simply remain a Islamic country. Please Forget about Jewel in the crown and will be a link between nations of China and America. About your statement "outlasting India", it speaks more of Pakistan and the author, and less of India.
Suresh
No dreams - its a stark reality - Pakistan is top 10 failed state - R U hallucinating Google chacha?
http://www.thenews.com.pk/daily_detail.asp?id=206685
Look, paki bedus are not satisfied with money alone....they want bedu to people contact, which even their arab master's don't demand.....
All reference who can go through can undrstand vigorous nation is Pakistan.
Pakistan will not only survive but will outlast india and will be crown in jewel amoung Islamic nations and will be Link between nations of China and America.
Thasnks for all efforts you did to complie very many areas where Pakisytan is thriving and way ahead of India. Good day.
PS: Hope Arjun has time to read through.
shut up and get on with nation building and stop begging for money
Don't worry about the miserable bigots. Dreaming about Pakistan as a "failed state" is their way of unsuccessfully trying to cure the severe ED they all suffer from.
Your country seems to be on the verge of Bankruptacy. What is Pakistan’s forex reserves. What are your expenses. There are hardly any reserves to meet your import payments. What is Pakistan’s Foreign Direct Investment. Exports are declining, unemployment is increasing and so social unrest (Crime, kidnapping extortion, murder. Rapes break graph lines. The recent suicide bombings by Taliban and the Baitullah Mehsud’s will finish everything, even before you say the word “CHEESE” Education standards are deteriorating. Madrassas are mushrooming, Mullahs are demanding religious column in passports. Many of the poor people of Pakistan send their children to Madrassas where they are thoroughly brain washed, thereby producing high quality suicide bombers and Jehadis.
I request both Indian and Pakistanis to read the latest article “The imaginary republic of Extremistan” by Mosharraf Zaidi Every school, college and university in Pakistan is closed. The seemingly most impenetrable building in Pakistan, the General Headquarters (GHQ) of the Pakistan Army was breached, and breached emphatically. Mosques, police stations, hospitals, street corners, market places, marriage functions, parties, beauty parlours, Five Star hotels (Marriott and Pearl continental). Every imaginable area of public interaction in Pakistan has been targeted by terrorists. Yesterday a Bank in Rawalpindi was targeted, many of the victims were retired army officials and pensioners who had come to withdraw their pension. More then 40 people were killed and the toll is expected to rise. A high alert emergency was declared in Rawalpindi. No militant group has claimed responsibility but the suspicion has fallen on the Taliban. According to the police officials “The suicide bombers must have done his homework properly with lot of precision and accurate planning”. I recommend all of them to read the article written by Ayesha Siddiqa “The nature of the beast” and also Ayaz Amir’s latest article “A make-or-break moment for Pakistan”
Suresh Shenoy - Bombay
PS: Yesterday I came across a documentary film of the Northern Areas (Gilgit) by National Geographic Channel. It seems to be a very beautiful place. According to the Hotel manager, after 9/11 the number of tourists who have visited can be counted on finger tips.
Why you wanna be a lotta nation for all times, why would you expect the world to come forward and help?
wait, Pakistan will be much smaller without Baluchistan, FATA and NWFP and nuke arms will be taken care by USA...
I think rest will be much easier for Pakistan. It will be slave country to Saudis....
"it is failed leadership"
what do you know about God? go milk your cows & then sleep with them.
someone get another 'bong' for saleemhaddi, his torret syndrome is kicking in again.
Pakistan is here to stay! inshAllah
RiazHaq
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