Brokers jubilant

In political quarter the announcement of Nawaz Sharrif of his party's decision on leaving the cabinet was seen as disturbing factor but the same news brought smiles and relief on the nervous faces of all the stake holders in the stock market.
There was a sigh of relief in anticipation that the finance portfolio in Islamabad would change and would be handled by a more pragmatic and realistic individual, who would look forward to helping the stock market and national economy at large rather than hindering and disturbing the current balance in the national and international market.
The stock market and particular the major players had always felt comfortable when Pervez Musharraf was calling the shots while making economic policies which had positive results and has served the country well.
There is feeling on the bourse that new political-economic scenario would emerge when PML-N leaves the cabinet and that would be closer to the time of policies of Pervez Musharraf.
The stock exchange is hoping that the changes in finance minister and reverting back to the Musharraf era economic policies would bring back US commitment to provide funds and investment into the Pakistani market, which needs a quick and huge injection of foreign investment.
There is flop side to the new development also, the extremism and terrorist activities which were held back by the perpetrator may reappear again.
National economy will remain under threat for some time in future by the rampaging increase in crude oil and shockingly food shortages all over the world, coupled with decline in value of rupee to dollar.
These factors will intensely affect Pakistan in the shorter term but if the new policy makers in finance ministry take more pragmatic and realistic view then going for witch hunting, things will improve though slowly.