Good news & bad
Capital suggestion Our GDP grew by a handsome 5.1 percent in the July-September quarter compared to 2.9 percent in the corresponding period last year. What that means is that we managed to produce an additional trillion rupees worth of goods and services. What that means is that Pakistan is a trillion rupees richer. What that means is that each and every Pakistani is richer by Rs6,000 (all on an annualised basis). On June 5, the day Mian Nawaz Sharif took the prime ministerial oath, the Karachi Stock Exchange’s market capitalisation stood at Rs5.5 trillion. Over the past six months the capitalisation has gone up by a trillion rupees. What that means is that Pakistan’s listed corporate worth has gone up by a wholesome trillion rupees. What that means is that investors are a trillion rupees richer.