How country’s chief executive, convicted prime minister, Yousuf Raza Gilani reacted to dire situation of the country is unbelievable as he put the country in sorry state. During his recent visit to United Kingdom UK he spoke to CNN, about the conditions of Pakistanis and their desire to leave the country, literally made the interviewing lady speechless when he said “why they don’t leave then” and “who is stopping them”.Perhaps he wants victims of his policies to leave the country rather than finding a durable solution to he pressing problems.
Mr. Gilani’s remakes have deeply hurt the feelings of patriotic Pakistanis but they should know that the man who did not show respect for the judiciary of the country will never respect the sentiments of fellow countrymen, a sorry state for the country and its people. Forget about the foreign investment at least as long as ruthless politicians are the master of destiny.
The lHowever, political instability discouraged foreign investment and it plunged to $2.15 billion in FY10 and further declined to $1.573 billion in FY11.
Regarding sharp decline in the portfolio investment, the analysts said that the recent developments in the political scenario and tax-related issues of the stock market resulted in massive outflows of portfolio investment. The outflows in foreign public investment during July/April 2011/12 witnessed the outflows of $31.8 million against outflows of $26.5 million during the period under review.
Emerging and developing economies continue to perform and have been a source of strength. The global recovery is on its way, although it is fragile. We now expect global economic growth to be 3.5 percent in 2012.