'Idea of the day' trading in and out for profit

[Ike Latif]

<how can so many citizens oppose what is going on in Afghany, yet the situation not worsen, and even erupt?>
You want to look at a country about to fragment or unconvinced look at its stock market, if 80% people were against this action the stocks market would have not rallied..

<Subject: Market and your trades on 22 October, 2001
To: [e-mail]
CC: [e-mail]
From: [e-mail]
Date: Mon, 22 Oct 2001 17:12:42 +0500

http://finance.yahoo.com/q?s=^KSE&d=c&t=3m&l=on&z=b&q=l

Hello Iqbal,
Great day at KSE today, although the net gain of 84 points in just one
day
was a little unexpected. SBP slashed down interest rates by 2% with
the
objective of lowering cost of acess to funds. This gave a boost to
players
at KSE and Institutions were also actively supporting the market, apart
from the big players like AKD.
Expectations are that market is going to continue rising and most
people
think a 1500 Index is not far off.>

The markets can be termed as rich man hobby and therefore not representative of real under currents but if they were not reflective that would have shown after 12th Sept where we went into sharp decline that means it is a market that prices political disturbance and international sanctions. Soon after the attack we had a fall far in excess of many markets in ASEA. Karachi is the key barometer of our economic activity the listed companies are consumer related like PTCL, HUBCO Lever Brothers and PSO, now a country going through a huge turmoil will have its consumer spending cut to size but it is not the case. If the market knew we are in mess this recovery would not be just possible, first of all Pakistan is being charged a war premium because of its involvement with the war by Lloyd’s of London, a country which is target of war premiums is not a country that will have such unique rallies so would my Dunkin Donut’s analogy. By the way most of this buying is cong form retail investors and most of D&D customers are from inner cities in Lahore where we have an opening.

Yesterday I dealt with the feudal of NWFP and Baluchistan today I will dwell on the majority province of Punjab. I think that Punjab is the largest province and I would say 15-20% in Punjab are infected by virulent form of rabies that lead people to bite like mad dogs. That is the reason things are normal and we are seeing neither flight of capital rather a massive cut in the interest rates today sparked the rally. Karachi is 10-15% infected by these fundos, interior of Sind nearly 10%, now I come form that region, the entire broad stream political spectrum supports the present policy, from Pakistan Peoples Party to Muslim League, in between them they had out of 315 seats in the presently defunct parliament 290 seats, both of these parties support this action. Awami National Party of Wali Khan is solidly behind the operation super clean up.

Five people matter in Pakistani politics one is Bhuttos of Sind, she is solidly behind this one, second is the Like minded group of Muslim League which represents Lahore the nerve center of my country and the hinterland Punjab, the Chuadarys of Gujrat the Jats are more American than an American, Mian Azhar is more English than a Lahori, Gohar Ayub the most hawkish amongst them is a hawk against the Indians but a dove here, he is the son of ex-President Syub Khan represents the hazara belt in the NWFP. In the Pothwar and Jhelum the martial belt of Pakistan, where this army hails from, the entire representation from Abida Hussien the ex-ambassadress to Washington Chd Nisar and Rasheed support this action. I yesterday posted the Sardars of Baluchistan and Sind who can throw things in different direction, the Jatoi's, the Pagaras the Pirs of Haas and Ranipurs, none of these people are against the action.

I talk to them the Jatoi's and Pagars led the war of independence the 'hurs' check on the internet, now I see all around talk to these guys from Mehars to Rinds to Lunds to Soomoros, I just don't see what these guys of your are reporting from Pakistan, we are 140 million people but CNN still emphasises on few thousands 'freaks', let them go and talk to these people who I have mentioned the Bajaranis, the Mengals the Khosos of Jacobabad, I know my history like I know my economics, yes, I would not be shy or economical with truth if my feed back was different, the problem is perception, we have been made a laughing stock of the world courtesy our own actions and our foolish long tongue, we talk more than we act in so called service of Islam however we are fully conversant with the fact what Iraqi and Yugoslavians were not that of saving our skin from bombing for sake of Osama. Our very survivability lies that most of our disputes are contained and as nation we are not very adventure prone. On one thing that the entire nation can flare is if India provokes us that will be a disaster. Millions of people will come out on roads, much as I dislike this bridge but this is a fact.

Now the media that so far had reported until 15th of Sept that Pakistan is failed Talibanised state. Now they cannot see that how in a very organised manner these guys without ten thousand killed like Asad of Syria or Saddam of Iraq or Abdullah of Saudi would have done and have delivered what US wanted. Even your generals had been sold to the idea that Pakistan is next Yugoslavia in making, but we know our interests, we have some serious problems with India on Kashmir and that needs to settle otherwise we are a peaceful nation and we love our life. If by any chance India would be a part of bombing in Afghanistan than you would have seen a nuclear devastation of my country, my country would have stood up in arms and we would have been certainly nuked if India-US- Israel axis had taken on Afghanistan and Pakistan. The perception was right, the media had made everything ready but thanks Bush and Powell they knew that Pakistan Army have been trained and readied for this day by US, they called us and they got us, that is easy, the problem is that no one knows the history that joins Pakistan with US from SEATO, CENTO, Budber and Afghan-USSR crisis and the opening of Sino relationship.

Today Osama right hand man in UK was given sanctuary in UK by the House of Lords in the final appeal, we had send Ramzi Yusuf and Kansi when they were arrested by FBI on Pakistani soil and send over in next 2 hours to NY, the reason some of us get upset is that India who was playing non-aligned role at the time when we were your allies against communism and in Afghan war remaining neutral when we fought the war with Russian a nuclear power, US deserted us after 1990 never to ask us how are you doing: that forsaking did give rise to lot of anti US feelings, however still when it matters the most we have placed our country at your disposal, now don’t worry too much, these fundos will not be able to do much and US will be successful in the war, and if you want to check the authenticity of this post send it to Christina Amanpour ask her to go and interview these people, don’t forget your media doesn’t not want us to be portrayed as a civilised advanced nation, it is controlled and it is selective in its policy to share the facts. The facts are that we as I expected on that first post were a pivotal state to resolve this issue and have provided our assistance beyond the call of duty that is the reason you cannot reconcile between the 85% polls and the action going on from Pakistani soil..

We are free people if these guys would have not liked what our government is doing, these guys don't get cowed, period, we will not implode and that is the reason we are seeing Pakistani stocks market 25% up from low of 28th Sept and the situation is not worsen, and even erupt? I pray it will not. I am not grandstanding my nation, have no need of that but in a little way trying to raise questions that some of you may ask your own media, the one sided portrayal of our societies as screwed up, basket cases is unfair, if that was the case and with my mind that is quite freedom oriented, I would not have ever visited my country, I am a free mind, need free expression and do it all the time, come what it may be, many people in my country don’t agree with me but they never have hanged me by my .alls.. However what I se is absolutely different in the media.

The Pakistan is see on CNN is not the Pakistan I live in or where Rehan, Zain Zachary were raised until year 1999…Yes the religious schools are there but Islamabad has 18,000 primary students in English private schools and 26,000 in Government English primary model schools, a single Madrasa in Islamabad has population more than 2000. This pattern is repeated all through the country. The forces of change are better equipped than forces of decay that what you saw in our decision of 11th sept. As far as majority remains focussed I think we have a good chance to go through al this and end this war asap for betterment of Afghanistan.



Iqbal Latif