Not bloody likely.
According to an annual report, titled “Doing Business,” put out by the International Finance Corporation (IFC) in late 2007, Pakistan is perceived as a better place for doing business in South East Asia than India in many respects. In fact, Pakistan ranked 76 among 178 economies worldwide, while India held the 120th spot. However, after the assassination in Pakistan of opposition leader Benazir Bhutto in late December, Pakistan has no chance of outpacing India as a prime spot for foreign investment anytime in the near future. The country’s economy (which is in shambles now) endured nearly $2 billion in losses in just two days of violence following her murder, according to government estimates.
According to a January article on Forbes.com:
“Until recent months, Pakistan had been an increasingly popular destination for foreign investment, partly because military ruler President Pervez Musharraf introduced liberal economic policies after he came to power in a 1999 coup.
The economy has grown at an average annual rate of 7.0 percent since 2002. The Karachi stock exchange has shot up almost 900 percent this decade.
But the killing of Bhutto, a former prime minister, has left an economic void since she was seen as the only opposition leader with genuine national appeal and strong foreign backing.”
All that said, I guess it is safe to say that India will remain as top dog with foreign investors … for now.
You might like:
- Advanced Manufacturing Industry: Dynamic Advancements
- Leading FDI Experts Analyze Global Trends At LiveXchange
- Shopping Bag Manufacturer Creating 100 Jobs In Georgia
- Data Cowboys
- Burn Baby Burn
- Automotive Parts Supplier Expanding In Indiana
- Duo Security, Inc. Adding 300 Jobs In Michigan
- Amazon.com Expanding In New Jersey
- Life Sciences Companies Face Talent Crisis
- B. Braun To Add 175 Jobs In Florida
- Thomson Reuters Expanding Texas Operations
- Tennessee Lands New Customer Service Center
- GM Investing Over $788M, Creating 781 Jobs In Tennessee
- Allergan Breaks Ground On $200M Texas Expansion
- Mitsubishi Heavy Industries HQ Moving To Texas
- ChartSpan Bringing 300 Jobs To South Carolina