How Pakistan made the world over 3 trillion dollars richer
On April 7, the world edged toward Trump's 8pm ultimatum that "a whole civilization will die tonight." By mid-afternoon, Polymarket gave less than a 5% chance for a ceasefire. But then in a flurry of last-minute diplomacy led by Pakistan's PM Shehbaz Sharif, ceasefire odds shifted from near-impossibility to 100%, as both U.S. and Iranian leadership publicly acknowledged the important role played by Pakistan.
The sharp shift in probability of ceasefire from near-zero to certainty, allows us to estimate cleanly the market value of Pakistan's successful diplomacy. There was a sharp jump of 2.9% in S&P500 around the ceasefire announcement. The reaction was similar the world over.
Global markets represent about $125T, so a 2.9% jump represents a gain of 3.6 trillion dollars for the world. Pakistan helped create TEN times its own GDP for the world!
For me, the best part is not the trillions of dollar, but seeing Pakistan on the world stage as a peace maker.
I hope Pakistan runs with this new identity by promoting peace not only abroad, but also at home. That means moving away from politics of division and exclusion, and treating every citizen as its own.
#NoorMuqaddam this win is for you and all the other women who survived and all those who didn’t. For the women whose names we didn’t chant and for those who are still being tormented. May this serve as a reminder for all men that no matter their privilege, justice prevails
I think about the painting a lot, not only because it’s my perpetual #mood, but because Mary Cassatt was one of the only female artists within the impressionist movement. Her breaking of the glass ceiling by not using a male pseudonym is #inspiring.
Students' physical and mental well-being is extremely important now more than ever as they return to their #classrooms after a long break. We are implementing structured #classroom-based #activities to keep them #engaged, #motivated & #active during this time.
Among 51* TCF alumni who've been accepted at renowned universities of Pakistan, 4 have made it to the Lahore University of Management Sciences (LUMS)! We pledge to continue to empower dreams through education! #freedomtodream
*Undergraduate admissions will continue till Dec 2020
On this blessed day of #Eid ul-Azha, we share with you a few creative and thoughtful messages sent in by TCF students from across the country! Let us keep the #spirit of #sacrifice alive and celebrate this #special occasion.
Wishing you and your #family a blessed Eid!