Sign in to follow this  
ZAKARIA77

Promise in Pakistan..its economic success after 9/11..

Recommended Posts

I have found this piece and thought might be interesting to read.. It's about Pakistan's economic boom after 9/11... hope u enjoy it.

 

 

March 27, 2006 issue - In the late 1990s Lahore-based businessman Iqbal Ahmed was depressed. Pakistan was isolated internationally and in the grip of a deep recession, and his modest, liquefied-petroleum-gas operation didn't seem to be going anywhere. "I used to get up and say, 'What the hell, it's another day'," he recalls. "Now I can't wait for the day to begin. I see a very bright future Ahmed has good reason to be optimistic. Two years ago he signed a deal with Houston's Hanover Energy Co. that has helped transform his LPG extraction plant into the largest and most efficient in Pakistan, with revenues last year of $130 million. Backed by several international investors, Ahmed has bid some $400 million to buy a controlling interest in Southern Sui Gas, one of two state-owned gas production and distribution companies that are being privatized. And he recently signed a memorandum of understanding with Excelerate Energy of Houston to import liquefied natural gas into Pakistan in supertankers. "We're enjoying a sea change in economic conditions and opportunities," says Ahmed, 60. "Pakistan is open for business."

 

Read it here: http://www.msnbc.msn.com/id/11902379/site/newsweek/

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this