File >> detail_news_page_template.php | detailed_news_view.php

Too early to assess

August 19, 2008

HOW does one assess the economic implications of the President's resignation? At first sight, the changes would seem positive, what with the Karachi Stock Exchange having jumped more than 500 points and the rupee having risen to 74.50 after a particularly bad week. But the striking thing about the above is that they are both variables given to much speculation. They do not represent much more than the very current mood. To be fair, though, it is not reasonable to expect solid, sustainable changes a mere day after the resignation.

 1 2 3 >