Shahzad Kazi June 20, 2003
#3 Posted by SR on June 21, 2003 7:13:45 am
Kazi sahib,
Great summary of all the reasons why foreign investors would avoid Pakistan. Few observations:
Under economic factors you state that 1 & 3 are non-existent, which implies that 2 & 4 are fine. That is cheap and uninterrupted flow of raw materials and cheap and skilled labor.
Given the ground reality I don`t know what materials would be cheaply and reliably available? And as for cheap and skilled labor, that too isn`t true when you have neighbors like India, China, Bangaladesh etc where labor is cheaper, more disciplined and better skilled.
Let alone foreign investment, there is hardly any local who has been investing in any productive industry either. All the investment I saw during my visit last year was in real estate. And there is a real estate bubble there also.
The problem ultimately is that rump-Pakistan is a failed state whose government establishment is a cancerous growth that behaves like an alien paracite which has literally killed off any future possibility whatsoever. Until and unless the existing establishment structure (I don`t mean just this or that government, but the whole state entity itself) is not completely dismantled, disintegerate and eliminated, no new sun can ever shine on that beleagured land and no dream of the unfortunate people can ever come true.
...SR
Great summary of all the reasons why foreign investors would avoid Pakistan. Few observations:
Under economic factors you state that 1 & 3 are non-existent, which implies that 2 & 4 are fine. That is cheap and uninterrupted flow of raw materials and cheap and skilled labor.
Given the ground reality I don`t know what materials would be cheaply and reliably available? And as for cheap and skilled labor, that too isn`t true when you have neighbors like India, China, Bangaladesh etc where labor is cheaper, more disciplined and better skilled.
Let alone foreign investment, there is hardly any local who has been investing in any productive industry either. All the investment I saw during my visit last year was in real estate. And there is a real estate bubble there also.
The problem ultimately is that rump-Pakistan is a failed state whose government establishment is a cancerous growth that behaves like an alien paracite which has literally killed off any future possibility whatsoever. Until and unless the existing establishment structure (I don`t mean just this or that government, but the whole state entity itself) is not completely dismantled, disintegerate and eliminated, no new sun can ever shine on that beleagured land and no dream of the unfortunate people can ever come true.
...SR
#1 Posted by sri on June 20, 2003 1:19:01 pm
This is an excellent article. I love it. Concise, logical and to the point. Kudos shahzad.
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