@navift I have covered 15 chapters so far. It appears as if you have tried to cover all the evils that are afflicting Pakistani society, instead of taking up one subject and covering it in detail. Writing appears to be rushed. Hoping story has some surprises in the next chapters.
@yuenyuenang in 'How China Escaped the Poverty Trap' illustrates how financially empowered local govts in China were 'allowed' by the Central Govt to attract foreign investment through their personal connections. Useful lessons for Pakistan in this 'Directed Improvisation' model.
@najam_ali The prime purpose of Bretton Woods was to create a mechanism thru which countries having persistent current account deficits could be provided with a mechanism to reduce their deficits with minimum economic pain.. Had Keynes prevailed, things would have been different..
@najam_ali PSX is clearly divorced from the ground realities of Pakistan. This 'resilience' is going to snap one day. Severe fiscal issues resulting in cuts in development budget / growth, pathetically low FDI, climate shocks (upcoming El-Nino), and ofc Iran War portend a dismal future..
@najam_ali@jamit05 But don't you think that the increase in oil prices is going to adversely affect the macroeconomic fundamentals of our economy?? Deterioration in macro indicators should also be affecting stock market valuations.
A major takeaway from this book is that Iran's IRGC led armed forces are suffering from a perpetual war syndrome. Ayatollah Khomeini had inculcated in the minds of Iranians the concept of Sacred Defense (Difa-e-Muqaddas).
Unrealistic objectives such as conquering Karbala and overthrowing Saddam led to this debacle. Iran's history is not a positive indicator of what may happen in the coming days.
@Shedotcompk@usamakbhatti@DAWOOD_BALOCH37 Sial Interchange also closed. Just reached Lahore via a circuitous route from Sargodha to Chiniot, Nankana, M3 Motorway and finally Ravi Toll Plaza..
Vali Nasr reviews the narrative surrounding the 1953 CIA coup against the Iranian PM Mosaddegh.. Both the Shah and Mossadegh were trying to protect Iranian interests.. The Shah viewed Communist Russia as more of a threat than Britain or the USA.. Mossadegh thought otherwise..