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Archive for category PAKISTAN-LAND OF ROMANTICS & DERVISH POETS

Seven Big Challenges for Pakistan—and the Lessons They Could Teach  By Imran Ali , Ali Akbar & Benjawan Yanwisetpakdee

Pakistan-A Nation Given Lemons by its Enemies Makes a Lemonade

Seven Big Challenges for Pakistan—and the Lessons They Could Teach

 By

Imran Ali, Ali Akbar & Benjawan Yanwisetpakdee

Pakistan may be viewed as a case study of the fight for the survival of modern human civilization. Its complex and dangerous problems are not without possible solutions and the strategies that the nation chooses to provide a model for the rest of the world.

 Humans have made enormous advancements in technology. Unfortunately, the challenges to human civilization are also rising quickly. Our ignorance and mismanagement of resources have led us down the path of uncertainty, and we now need all of our available technology to survive. Pakistan is perhaps most known for its struggle with terrorism. Meanwhile, few associate the country with the fight for modern civilization’s survival. Dwindling natural resources, continuous natural disasters, disease outbreaks, and economic instability in the region make for a worst-case scenario for human development. Pakistan is neighbored by China and India, the most populous nations on the globe, so its failure would start a chain reaction of global. On the other hand, the country’s success in meeting current challenges could make it a model for counteracting the problems of modern civilization. This article offers an overview of the major challenges confronting Pakistan, along with possible solutions that provide lessons for the rest of the world.

 

 

 

 

 Challenge 1: Population Explosion

 An average Pakistani woman gives birth to five children, thanks to a preference for large families and a particular desire for sons. Because of high birthrates and increasing life expectancy, Pakistan has one of the highest population growth rates in the world and is expected to become the fourth-most-populous country by 2050. Rising population triggers many other crises, including food shortages, energy and resources crises, and disease outbreaks.

Possible solutions: Pakistan’s rapid population growth highlights the need for effective family planning. Although the government has shown serious interest in the issue, the effects of its efforts are limited. According to one survey, each family welfare centre is visited by an average of two couples per day. The main reasons behind the problem are the overall low education and literacy rate and the inadequate mobility of Pakistani women. Pakistani society is dominated by men; women are scarcely seen in any walks of life, making them an invisible and inactive segment of the country. To help balance society, the government must require education for all citizens. Similarly, increasing the proportion of women in the workforce would increase women’s mobility. Along with free supplies of contraceptives, government incentives to limit childbearing can also motivate couples to use birth control.

Challenge 2: Food Security

Nearly 75% of Pakistan’s population resides in rural areas, where agriculture is the way of life. Unfortunately, Pakistan has not developed its food security policy at the national level. The agricultural sector has slowed by 2.7% from 2000 to 2010, and the country now struggles to provide its people with a sufficient amount of food. Calorie availability is, on average, 26% lower than that found in developed countries. Due to an inadequate food supply, many Pakistanis face the problem of malnutrition. The unmanaged slaughtering of animals, unregulated livestock smuggling to neighbouring countries, and a shortage of livestock feed make it impossible for the poor population to access beef and other meat. Approximately 17,000 acres are deforested every year, causing the depletion of wild resources from the forest, unprecedented ecological misbalance, and loss of biodiversity. The main factors involved in decreased food production are overpopulation, water shortage, energy deficiency, poor soil, and natural disasters. Most of the soil in Pakistan is deficient in macro- and micronutrients. Salinity and waterlogging add to the problem. More than 70% of Pakistan is arid and semiarid regions, where rainfall is insufficient for irrigation of crops; most rainwater is lost due to rapid evaporation and surface runoff, while floods and droughts cause further damage. Rapid urbanization also contributes to food shortages, as fewer people are now available to work on farms in rural areas. Meanwhile, with almost no technology inputs in many parts of the country, traditional farming cannot meet the increasing demand for food. A lack of infrastructure makes it very difficult to transport food from farm to fork.

 Possible solutions: Pakistan has enormous potential to increase its food supply with agricultural reforms. Nearly 20 million acres of cultivable land is unused. Construction of major dams could provide an additional 2.5 million acres of land suitable for agricultural purposes. Pakistan has the chance to become self-sufficient if it can reach even 30% of its potential. National agriculture policy is needed to counteract the low food supply. The government has focused primarily on increasing wheat production, but in order to tackle malnutrition, it must focus on other nutritious crops, livestock, and fruits. To keep up with the increasing population, the agriculture sector must maintain an annual growth rate of more than 5%. The government, with the help of the international community, must improve rural infrastructure in order to develop Pakistan’s agricultural sector. Similarly, poor farmers need access to easy, corruption-free loans to increase their crop yields and improve agricultural practices.

 Challenge 3: Energy Crises

Among developing countries, demand for electricity will rise 40% by 2030. In Pakistan alone, the demand for energy is expected to increase sevenfold. Yet the oil- and gas-reliant country, which currently imports 75% of its energy, lacks the necessary infrastructure, long-term planning, and institutional frameworks to meet current needs, let alone future energy requirements. The energy crisis badly affects the country’s agriculture, economy, the way of life, and technological advancement. A continuous rise in oil prices and electricity is causing inflation and devaluing the currency. Energy is becoming increasingly inaccessible the average person. These conditions are raising agitation, anger, and riots in the frustrated people of Pakistan.

 Possible solutions: Fossil fuels comprise 80% of the world’s energy supply. Rising fossil fuel prices highlight the need for renewable energy sources in Pakistan. Hydropower, solar energy, biomass utilization and wind power are some of the best sustainable energy options for Pakistan. Pakistan’s location is blessed with unending sources of solar energy. Pakistan receives up to twice the solar radiation needed to power solar photovoltaic appliances, such as water pumps. It is estimated that Pakistan’s hydropower is operating at only 15% of its potential. Biomass utilization, especially biofuel production, can fulfil the oil requirements of energy. About 70% of Pakistan’s land is uncultivated and could be utilized to grow crops with high biofuel potential. Livestock in Pakistan is a good source of wet dung and can yield substantial biogases for fuel purposes. Additionally, Pakistan has the capacity to produce 400,000 tons of ethanol per year from its sugarcane crops.

 Challenge 4: Disease Outbreaks

 Pakistan’s rapid urbanization is creating numerous problems, the most threatening of which is disease outbreaks. Water sources in and near big cities are at risk due to wastewater mismanagement.

 In Pakistan, wastewater use in agriculture carries a wide risk of diseases. Food-borne diseases are also a concern, and natural calamities such as frequent floods add more severity to the outbreaks. One study of southern Punjab, Pakistan’s most populous province, found that diarrhoea and hookworm related diseases were common among farmers working in farms fed by wastewater. Other diseases run rampant: Several types of hepatitis are very common. Due to political propaganda and misinformation, the fight against polio is much tougher. HIV is on the rise. And typhoid, malaria, and tuberculosis are still uncontrolled. Currently, the most serious disease outbreaks are dengue hemorrhagic fever (DHF) and Crimean-Congo hemorrhagic fever (CCHF). DHF is mostly found in the eastern part of the country, while CCHF is mostly found in the west. From 2005 to 2006, more than 3,640 patients were found to have DHF symptoms.

 Possible solutions: Proper wastewater management can minimize the risks of many diseases, such as hepatitis, malaria, dengue, and typhoid. Although using wastewater in agriculture can be beneficial for Pakistan’s nutrient-deficient soil, its use must be coupled with the pretreatment of water to get rid of any chemical and microbial contamination. Diseases that are spread by human contacts, such as CCHF, must be handled with proper care when dealing with patients, as well as animals. Education and awareness by religious scholars can help to lift the fight against polio and HIV. Health must be given priority in rehabilitation after natural disasters. Along with the global community, Pakistan’s government must be built measures for fighting disease outbreaks—especially ones that may bring global catastrophes.

 Challenge 5: Socio-economic Instability

 According to the Ministry of Finance’s annual economic survey, Pakistan’s GDP growth in 2013 was 3.6%, down from 4.4% in the previous year. The economy is severely affected by the energy crisis, terrorism, and the global economy, and the country operates with a large deficit, thanks to the administration’s reluctance and inability to cut spending or raise taxes. Meanwhile, the value of the Pakistani rupee has decreased in recent years. Each time the rupee falls, both inflation and foreign debts increase. More than 60% of Pakistan’s population lives below the poverty line, leaving many unable to obtain or pay for food, healthcare, education, and energy. While many factors contribute to the country’s rampant poverty, the energy crisis, in particular, has a strong effect, because of its negative impact on Pakistan’s agricultural and industrial sectors. Entire factories are often outsourced, which leads to unemployment and disturbs supply and demand and the balance of imports and exports. Unemployment and poverty have led to high rates of depression, anxiety, and suicide, as well as an increase in crime. Unemployed youth are frequently targeted for recruitment by terrorist organizations, who offer them the means to afford food and an opportunity to show their anger against society. Most of the country’s suicide bombers are under 20 years old.

 Possible solutions: Pakistan has to deal seriously with its energy crisis. Consistently available and affordable energy would lubricate agriculture and industry, which would, in turn, raise GDP and increase employment opportunities. Coupled with reforms to corrupt government spending and tax collection policies, increasing tax rates on certain sectors would provide the country with much-needed growth. Improved infrastructure would result in better trade opportunities with China and central Asia, while better trade between India and Pakistan could bring enormous economic benefits to both countries. The government needs to focus efforts on decreasing suicides and improving mental health. Public sports programs and technical education for unemployed youth would provide the country with young, healthy, and skilled labourers and members of society. And laws aimed at improving income inequality could help to eliminate hate throughout society.

Challenge 6: Natural Disasters

 Mother Nature seems unhappy with Pakistan, which faces severe crises with continued floods, earthquakes, drought, and global warming. Despite heavy investment in irrigation, Pakistan is vulnerable to continuous floods. Due to climate change, the intensity of floods in the Himalayan rivers has increased in the past 20 to 30 years. Human intervention in Pakistan has worsened scenarios by building unnecessary embankments and improperly using the land. The Indus flood of 2010 was one of the greatest disasters in the history of mankind, affecting more than 14 million people and killing nearly 2,000, with approximately US$9.5 million worth of losses to business, agriculture, and other parts of the economy. According to the UN, the humanitarian crisis caused by the flood was even greater than Japan’s 2011 tsunami and the disastrous earthquakes of Haiti and Kashmir. Nearly all the world’s glaciers are on the verge of disappearance, including the Himalayan glacial reserves. Billions of people in the Indian subcontinent rely on this water reservoir, which supplies the Indus, Ganges, and other rivers. Over the past century, the average global temperature has increased by 0.6°C (1°F) and continues to rise. The Himalayan glaciers have begun to melt, threatening frequent floods, loss of water reservoirs, and a rise in sea levels. Climate change has also been observed as a trigger for the increase in the outbreaks in northwest Pakistan of Plasmodium falciparum, a parasite that causes malaria. Similarly, a continuous decrease in precipitation, especially in arid and semiarid areas,  is causing a long-term drought. Pakistan is located in a region that experiences frequent earthquakes. In 2005, a devastating, 7.6-magnitude earthquake killed more than 82,000 people and injured more than 126,000. The earthquake also triggered massive landslides and caused dams to break.

 Possible solutions: Natural calamities cannot be avoided, but their intensities, frequencies, and effects can be minimized. Floods in Pakistan are caused by excessive monsoon rain and global warming. Construction of dams can help to store the excess floodwater, which can be used for agriculture and to generate hydroelectricity. Global warming must be fought at the global level by controlling greenhouse gas emissions and by using a carbon credit system. The government of Pakistan must ban the extensive deforestation in the country, as well as solve the energy problem because the trees are mostly cut for energy requirements. Improving public transport systems would minimize individual car usage. There is also a need for nationwide applicable building construction policy to control the effects of earthquakes. Earthquake-proof houses have proven effective, and nationwide quick-response emergency teams equipped with modern technologies can minimize the aftereffects of natural disasters.

Challenge 7: Nuclear War Threats

 Pakistan is of great geostrategic importance. India and Pakistan have fought three major wars and many small military conflicts. The warrior minds are visible as both sides spread the hate and push for war at all times. It may be that they simply do not fully understand the consequences of a war between two countries. The outcomes will not be regional; they will bring global suffering. India is a big country with superiority in conventional weapons and instruments of war. However, Pakistan’s nuclear arsenal compensates for this disparity. Each country has more than 100 nuclear warheads at its disposal. A nuclear war between the two countries could kill more than 20 million people in the region, while a nuclear winter caused by the generation of smoke could cripple agriculture of the whole world.

Possible solutions: Both Pakistan and India—and in fact, the entire world—are left with no option but to resolve all their issues through dialogue. War is never a solution to any problem and always a trigger for other problems. The international community must insist that both countries sit together and have a dialogue under UN mediation. There are better uses for nuclear technology than bombs. In the winter, winds are blown from Pakistan to India, and in the summer, Pakistan receives winds from India, making it impossible for these neighbours to think that they will be unaffected by nuclear war. Strategies, Prospects and Hope Pakistan is facing huge, interconnected problems in many areas. The problems begin with people, and, in Pakistan’s case, with overpopulation. The increasing population will require more energy, food, employment, and health facilities. The avail problems, including employment, food production, and underdeveloped infrastructure. The long-term strategy should focus on health care, education reforms, infrastructure development, promoting agriculture, and counteracting explosive population growth. Conditions in Pakistan are not perfect, but not all is bad. Pakistani society looks well aware of the challenges they are facing. Thousands of new PhD scientists generated by Higher Education Commission of Pakistan look committed to providing scientific solutions to the problems Pakistan is facing. For instance, researchers have introduced drought-resistance crops to counter the food shortage. High-yield seed varieties are being used to increase the production of food and fodder crops. There is a considerable amount of ongoing practical and applicable research on renewable energy, and food-safety experts are doing considerable research to ensure safe food handling. Pakistani authorities are serious about mitigating the country’s challenges. For years, Pakistan’s government has tried to control the population. The Lady Health Worker (LHW) program has succeeded by providing basic maternal health facilities in rural areas. The LHWs provide guidance in contraception processes and lead to jobs and mobility. Even given the tumultuous world economy, the Karachi Stock Exchange is showing exceptional progress. In 2013, exports increased slightly, while imports declined. The federal budget looks promising in raising tax net and revenue, controlling inflation, and improving development projects. The government is working to build new dams for controlling floods, as well as to increase hydropower In light of the recent disastrous floods and earthquakes, the role of Pakistan’s people and the government has been appreciable. Establishment of the country’s National Disaster Management Authority looks like a good initiative by the government to manage the effects of natural disasters. And the international community’s responses have shown that it is ready to stand with Pakistan. The Pakistani political regime looks promising in promoting good relations with India. As reported by The Indian Express, Pakistan Premier Nawaz Sharif has said that he is looking to make a new beginning with India in pursuit of disarmament and nonproliferation and that Pakistan is getting out of the arms race. Such statements are encouraging for the peace process between the two countries. We humans have been given brains more tremendous than any other creature’s. The only destruction we can inflict on ourselves is to be ignorant of what is happening around us. Most of the world’s countries will face the same scenarios that are now happening in Pakistan. Pakistan’s geographic centrality means that any crisis can quickly spread to neighbouring countries. Even though its problems are great, there are solutions that are applicable to the rest of the world. Pakistan still has the strength and opportunities to fight back. The country’s failure or survival will symbolize the defeat or success of the fight for modern humanity.

 About the Authors

Imran Ali (lead author) is a postdoctoral fellow at the Plant Biomass Utilization Research Unit at Chulalongkorn University in Bangkok, Thailand, and a lecturer at the University of Balochistan in Pakistan. Co-authors include Ali Akbar (University of Balochistan, Pakistan), Hunsa Punnapayak (Chulalongkorn University), Sehanat Prasongsuk (Chulalongkorn University), and Benjawan Yanwisetpakdee (Chulalongkorn University). The authors thank Chulalongkorn University in Thailand for providing access to literature. The Research Grant Funds have been provided by agreement on Post-Doctoral Research Grant Allocation from the Ratchadaphisek Somphot Endowment.

 

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5 Famous Folk Love Stories from Pakistan in DESIblitz By HASEEB AHSEN

5 Famous Folk Love Stories from Pakistan

Love stories are an essential part of Pakistani folklore. We bring you five of these tales of love and tragedy which have been immortalised to this day.

5 Love Legends from Pakistan

The iconic characters of folklore can easily be seen in Pakistani culture today

If there is one consistent subject throughout the folklore of Pakistan, it is love.

It is the most prominent and notable theme around which many of the notable folk tales of Punjab and Sindh revolve.

These love stories follow different pathways but arrive at one similar ending – the perishing of lovers while fighting for each other.

The iconic characters of folklore can easily be seen in Pakistani culture today. Innumerable songs, movies, poems, books, and TV series keep them immortal.

DESIblitz reveals five of the most legendary folk love stories from Pakistan, some of which also span to India pre-partition.

Heer Ranjha

Heer Ranjha

Heer Ranjha is a story of great despair, narrated by Waris Shah. It is a tragic tale of two lovers.

Ranjha, whose real name was Deedo was a fortunate man in some ways, but unfortunate in many others. He was the youngest of four brothers and his father favoured him the most.

When his father passed, his brother’s refused to give him any share in the farm land. He was badly treated by them, forcing him to leave the village. He left for Takht Hazara, hoping to find a better fortune.

In this new village, he came across a farm, much like the one he was banished from. This is where he laid his eyes on the most beautiful lady he had ever seen. He instantly fell in love with her and from that moment onwards, it was his sole mission to make her fall in love with him.

It was Heer, and Ranjha got a job of herding her father’s cattle. One thing led to another and Heer also fell hopelessly in love with Ranjha. She was captivated by the beautiful music he played on his flute.

For next few years, their secret affair went on wonderfully, until one day they were caught. Kaido, Heer’s uncle, told on them and Ranjha was exiled from the village.

Lost again, he wandered across Punjab, travelling from city to city till he met a band of Jogis. Ranjha decided to relinquish the material world, dedicate the rest of his life to the Lord.

The new pious Ranjha returned to Takht Hazara, and Heer’s parents agreed for their marriage. The young lovers rejoiced at this revelation, but fate had something else in the store for them.

Kaido conspired to poison Heer in an attempt to sabotage their marriage. Clueless Heer devoured on the food laced with poison.

When Ranjha found out about this, it was already too late. Struck with grief, he made the decision to end his life. He ate the same food. Their lifeless corpses laid next to each other and the lovers were now united in death.

They were buried in the Heer’s hometown of Takht Hazara near Jhang, Punjab. Their graves are regularly visited by couples.

There are several films made on this love legend, including Heer Ranjha (1992) starring Sridevi as Heer, Anil Kapoor as Ranjha, and Heer Ranjha (2009) starring Neeru Bajwa as Heer, Harbhajan Mann as Ranjha. Other adaptations include the 1970 film starring Raaj Kumar and Priya Rajvansh.

Mirza Sahiban

Mirza Sahiban

Mirza Sahiban love story emerged from Punjab, during the Mughal Era. Mirza was from Punjab and belonged to a tribe of Jats, the Kharals. Sahiban belonged to the Sial tribe.

Mahni Khan, the father of Sahiban, was chief of Kheewa, a town in Punjab’s Jhang district.

Mirza’s father was Wanjhal Khan, who was a Chaudhary in the tribe of Kharal Jatts, in the Jaranwala, which is now Faisalabad.

Mirza went to Khivan in order to study. He fell in love with Sahiban soon after he saw her for the very first time.

Sahiban’s marriage was arranged soon after they became lovers, and she sent a message to Mirza. Mirza, who was attending the marriage ceremony of his sister, immediately left for Sahiban’s village.

Mirza took Sahiban away from her marriage ceremony on his mare. They hid in the forest, where they were caught by her brothers. Mirza was an expert archer, but he was unable to defend himself.

Sahiban broke all of his arrows, hoping to avoid any bloodshed. Mirza put up a fight but didn’t last long, and was killed by her brothers. Sahiban ended her life right there with Mirza’s sword.

This love story is a now part of the Punjabi culture. There are numerous folk songs by singers like Harbhajan Mann, Kuldeep Manak, Gurmeet Bawa, and many others.

Sassi Punnu

Sassi Punnu

Sassi Punnu is one of the Seven Queens of Shah Abdul Latif Bhittai. The narrator of this story is the famous Sufi poet, Shah Abdul Latif Bhittai (1689-1752).

Sassi’s father was King of Bhamboor, but upon her birth, an astrologer predicted that Sassi was cursed and would bring shame to the prestige of this royal family.

The Queen ordered her to be put in a box and thrown in the Indus River. A washer man found her and decided to raise her as his own.

Punnu Khan was the son of King Mir Hoth Khan. He belonged to the Makran area of Baluchistan.

Sassi’s beauty became a fairy tale as she grew up. Stories of her divine beauty spread across the region, and this inspired Punnu to meet her. When he reached the house of the washer-man and laid his eyes on the beautiful Sassi, he immediately fell in love with her.

Punnu asked the washer-man for Sassi’s hand in marriage, who initially refused but agreed if only Punnu passes trial as a washer-man. He failed miserably but still managed to convince the washer-man.

When this news travelled to the family of Punnu, they instantly opposed this arrangement because this was an unacceptable match for them. His brothers deviously attended the marriage ceremony but intoxicated him and took him back to Makran.

Sassi lost her mind when she was met with this news. She ran barefoot through the desert towards the hometown of Punnu. Her feet blistered, her dry lips parched from constantly crying the name of her lover.

She met a shepherd whom she asked for help, but instead, he tried to violate her. She barely managed to escape.

The legend has it that when she couldn’t take any more, she prayed and the mountains split and buried her alive. When Punnu woke up, he was devastated too.

He ran towards the village of Sassi, when he reached that mountain he met the shepherd who told him what happened to Sassi. In a fit of grief, he lamented and the earth swallowed him too.

Their legendary graves still exist in that valley. Shah Abdul Latif Bhittai narrated this historic tale in his poetry, which tells the story of eternal love and union with Divine.

Sohni and Mahiwal

Sohni Mahiwal

Sohni was born in the home of a potter, in a village at the bank of Indus River. She grew up learning how to draw floral designs on the items of pottery her father made.

Izzat Baig was an Uzbek trader from Bukhara, whose business trip became a permanent stay once he laid his eyes on Sohni. He would visit the potter’s shop every day just so that he could get a glimpse of Sohni.

Sohni fell in love with him too. Now her art turned from flowers to shades of her love and dreams. Izzat Baig decided to stay and took a job at the home of Sohni. He would take the buffaloes to grazing, which earned him the name of ‘Mahiwal’.

When rumours of their love started to spread, her parents arranged her marriage with another potter. ‘Barat’ suddenly showed up one day and Sohni was married before she could do anything.

This completely turned the life of Mahiwal upside down. He renounced the material world and became a Jogi. The land of Sohni was a shrine for him. The lovers would meet secretly at night.

Sohni came to the riverside and Mahiwal swam across the river to see each other. Mahiwal brought a roasted fish every day for Sohni.

Legend has it that one day he couldn’t find any fish so he took a slice of meat from his leg and roasted it instead.

Mahiwal was unable to swim so Sohni started coming towards his side using a ‘Matti Ka Ghara’ (earthen pitcher). One day, it was replaced by an unbaked one by her sister-in-law, who was spying on her.

The pitcher dissolved in the river water and Sohni drowned. In his attempts to save her, Mahiwal lost his life too. Their bodies were said to be recovered and their tomb is in the city of Shahdapur, Sindh.

A Bollywood film, Sohni-Mahiwal (1984) was also made starring Sunny Deol and Poonam Dhillon.

Momal Rano

Momal Rano

Momal Rano (or Mumal Rano) is one of the seven popular tragic romance stories from Sindh and appears in Shah Jo Risalo by Shah Abdul Latif Bhittai.

Mumal Rathore was a princess from Jaisalmer, India. She lived in a palace with her sisters. The Kak Palace held magical powers and attracted rich suitors for the sisters. The tales about the palace and Mumal’s ravishing beauty became a legend.

Rana Mahendra Sodha was the ruler of Amar Kot, Sindh. He was attracted to the magical Kak and decided to pay it a visit.

Rana was a courageous man and he reached the palace without any harm. This impressed Mumal so much that she accepted him as her consort. He would spend nights at the palace and then return to Umer Kot at dawn. Rana covered long distances from AmarKot to Kak to be with Mumal.

One day, Rano got late for some reason. Mumal became frustrated because of this delay. She decided to prank him by a silly trick. She asked her sister to dress like a man and sleep in the bed with her. Rano was enraged by the sight.

Out of anger and disgust, Rano left his cane beside Mumal’s bed and departed for Umer Kot. Rano ignored all pleading from Mumal.

Desperate, Mumal set herself on fire. When Rano heard about it, it was too late and Mumal was engulfed in flames. Rano jumped into the fire and was burned along with Mumal.

These tales have rich characters that reflect the time and society they lived in.

The stories are not just meant for the young and those in love, but for anyone with a sense of deep emotion. They are narrated for their message of tradition and love.

 

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Pakistan Facts – Part 3   By FTD

 

 

Pakistan Facts – Part 3   By FTD

Kaghan Valley – Pakistan

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To All Pakistanis & International Friends- Eid Mubarak- Happy Eid-ul-Fitr

 

 

May All of Our Visitors Muslims & Non-Muslim From Around The World

May You Have a Blessed Life

&

Allah(SWT) Grant All Your Genuine Wishes

&

May  Allah(SWT) Protect Our Do Bigha Zamin,

A Land We Love & Call Home

No Matter How Far We Are

Our Beloved Pakistan 

Ameen

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Forget India, profit from ‘quiet rise’ of Pakistan, S Lanka, BD: Barron’s Asia & Pakistan: An Undiscovered Land Of Opportunities by Bader Al Hussain

Sri Lanka-BD-Barrons-AsiaForget India, profit from ‘quiet rise’ of Pakistan, S Lanka, BD: Barron’s Asia

Forget India, profit from ‘quiet rise’ of Pakistan, S Lanka, BD: Barron’s Asia

ISLAMABAD: Investors should forget India and instead profit from the ‘quiet rise’ of Pakistan along with Sri Lanka and Bangladesh, Barron’s Asia said.

“Forget India. Investors looking for the next big thing should look to its South Asia neighbours instead — Pakistan, Bangladesh and Sri Lanka,” America’s financial magazine in an article said.

According to the article, the three countries with a combined 390 million people represent what Morgan Stanley chief global strategist Ruchir Sharma calls “the quiet rise of South Asia” as opposed to India which has been “flattered by spasms of hype for years”.

While overshadowed by their larger neighbour, the trio is enjoying fast-paced growth, embracing much needed reforms, and look set to enjoy a demographic dividend over the long term. “A substantially higher economic growth rate than in many other economies globally, coupled with fantastic demographics that will continue supporting growth for many years ahead,” East Capital fund manager Adrian Pop tells Barron’s Asia.

The article mentions that Pakistan is the flag-bearer of the positive changes taking place in the South Asian nations. Since coming to power five years ago, Prime Minister Nawaz Sharif has got inflation under control, cut the budget deficit and reined in the current account deficit. But more importantly, terrorism finally appears to be on the backfoot given more assertive action by the army. Chinese investment has also poured in: $50 billion will be spent on new roads, transport links and energy projects.

“More power capacity is key for Pakistan to move to an even higher economic growth rate,” says Pop. That will benefit stocks in materials and energy.In December, the Pakistan Stock Exchange sold 40 percent of itself to a consortium of Chinese investors.

The Karachi stock index is up by about 50 percent since the start of last year, propelled by index compiler MSCI’s decision to bump up the country to emerging markets status. That will bring in hundreds of millions of dollars from passive funds into the Pakistani benchmark. The rally in stocks has arguably left the market looking a little pricey as the KSE 100 index trades at over 12 times earnings, its heftiest valuation since late 2009. That’s still about a 15 percent discount to the MSCI emerging markets index, however, plus Pakistani stocks yield an attractive 4 percent-plus dividend.

Bangladesh benefits from a growing working age population and rising labour costs elsewhere in Asia. Garment manufacturing for Western clothing companies has increasingly moved from China to places like Bangladesh, where wages are lower.

The article said in August it tipped downstream firm Pakistan State Oil (PSO.PK), which has since risen 10 percent. It’s worth hanging onto that stock, but we’d add upstream exploration player Oil & Gas Development (OGDC) to the mix too.

Shares in the Islamabad-based company have powered up 45 percent in the last year, and could rise by a further 30 percent.Oil & Gas Development will benefit from any further recovery in oil prices, which have roughly doubled since hitting their nadir last February.

Earnings per share should rise by 17 percent in full-year 2017 and 20 percent in full-year 2018. Oil & Gas Development trades at eight times forward earnings, which is toward the higher end of its historical valuation. That multiple is more compelling than exploration peer Pakistan Petroleum (PPL), however, which trades at 10 times next 12 months’ earnings.

About Lahore’s DG Khan Cement (DGKC), which is one of the country’s largest cement producers, with a capacity of more than four million tons a year. The stock also makes a good foundation for a Pakistan portfolio.

At the end of December, the countries jointly announced a $14 billion dam project close to DG Khan’s HQ in northern Pakistan. The dam will need about a million tons of cement.

Shares in the company have returned a solid 50 percent over the last year. DG Khan’s valuations looks a bit less stretched than that of rival Lucky Cement (LUCKY), which investors were told to pour into their portfolio over summer.

DG Khan trades at 10 times forward earnings, compared to Lucky’s 16 times. Its dividend yield of 2.6% is also bigger than its rival. Brokers think DG Khan can rise by as much as 25 percent.

Reference

Pakistan: An Undiscovered Land Of Opportunities

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Includes: NTWK, PAK, PKKKY

Bader Al Hussain

Growth, long-term horizon, research analyst, long/short equity

Summary

Lowest market P/E in the region with the highest return.

Macroeconomic stability.

Upgradation of Moody’s rating of the country.

Pakistan is the 26th largest economy according to PPP (Purchasing Power Parity), and the sixth largest populous country in the world with a burgeoning middle class, having 54% of the population below the age of 24 years. In news, Pakistan has been presented as the turbulent nation embroiled in militancy and political violence. However, the landscape of the country has been changing since the past two years, with an improving macroeconomic situation, steady political outlook and substantial improvement in law and order, and the upgradation of its bond ratings from Caa1 to B3, a stable outlook.

On 9th June 2015, the MSCI stated about a potential reclassification of the MSCI Pakistan Index into Emerging Markets from the current classification of Frontier Markets in its 2016 Annual Market Classification review. This categorization would trigger a large flow of emerging market funds to return to Pakistan as the MSCI Emerging Market Index is tracked by global funds worth $1.7 trillion, according to Bloomberg.

Further, in one of the lectures at the Aga Khan University, the Chief Investment Strategist of Morgan Stanley said that Pakistan’s rise is just a matter of time. This was due to the favorable demographics and the lower P/E of the stocks – performing better in terms of return – when compared to the markets of the developed world.

The KSE 100 Index, which tracks the top 100 companies out of the 557 listed on the stock exchange had a five-year US dollar CAGR of 25% (highest among its peers) and net profit margins 60% above the five-year average of the peer group whose margins are 10.2% lower than its five-year average. The Bourse has an average ROE of 19.2% against the peer average of 10.2%.

Pakistani stocks are cheaper when compared to their regional peers. Consider the following graph for further details:

As the above graph illustrates, Pakistani stocks have a lower P/E, P/B and higher dividend yield relative to its peers.

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