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KARACHI:It is not uncommon for Pakistan s stock market, or any other stock mark
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et for that matter, to underperform in any given year and then recover the very next year.This is the basic premise used by proponents of stock market and the frequently used
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sales pitch by sales team of both mutual funds and brokerage industry.The rationale behind this claim
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is evident from the historical performance of the past two decades from 1998-2018 when the Pakistan stock market (KSE-100 index) mostly gave healthy returns and even if there was any underperformance due to any catastrophic event, then the market recouped all the losses the very next year.This clich茅 remained unchallenged until 2017-18 when the market traded negatively for two consecutive years.Although 2017 was favourable for the emerging markets, unfortunately in Pakistan, foreigners remained net sellers on the back of political chaos. By the time political issues were settled in 2018 and the market became ready to take off, the party Uvfw Fugitive US tech guru Cryptocurrency is next Cuban revolution
LAHORE:The hurdles in the path of Pakistan Railway's long-awaited fla
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gship project, Main Line-1, have been apparently been overcome, renewing hopes of revamp
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ing the country s dilapidated train infrastructure of the colonial era.ML-1, which is expected to be executed at a cost of $8.2 billion in five years, has been cleared by the Ministry of Pla
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nning and Development, after Railways Minister Shiekh Rashid expressed his reservations over the slow progress of this strategically important project under the China-Pakistan Economic Corridor (CPEC).On his recent visit to China, the railways minister announced in Beijing that the ML-1 project had been finalised. Railways Chief Executive Officer Aijaz Ahmad Buriro said he was hopeful that the project would start materialising soon. The framework of the project has already been signed and we have already sent its PC-1 to the Ministry of Planning and Development, Buriro said told The Express Tribune. It is an important project for us as its comp