01-05-2004, 07:50 AM
Sumaaan, thanks for your comments and were really resourceful.
I hope you did not mind about my argument and I totally agree that since insurance sector requires so much of number crunching, namely the analysis, and require actuaryâs statistical inference expertise, as mentioned earlier, therefore, the insurance, life and general, believed to be one of the biggest actuarial destination in the profession. But, as you said quite rightly, that the investment and other actuaries are also doing great job and in some cases, even better prospects for the future.
I am also in full faith with you that the investment sector, in Pakistan, is also intensifying. The evidence is all over the place, for instance, firstly, the KSE index has gone up by (67%) - third fastest growing rate in whole of Asian economies, over the year 2003, with Thailandâs 126% first and Indiaâs BSE Index by 74% second in the league table.
Also, the P/E ratios for the KSE has been one of the highest for the global emerging markets â showing a positive sign of foreign direct and indirect investment into the economy. Plus, we also evidenced the privatisation of HBL recently, so it is inevitable that the investment sector, together with the global recovery, would be heading towards superior time.
However, how come Indian economy always beat us in foreign investment opportunities? Come on, look at the Bombay, there are more foreign investment banks there than, I think, would be in Karachi. For the same reason, their currency is much stronger than ours, as they are having more investment than us. I think we also have lower cost of production, labour, so how come when ever foreign companies looking for investment in South Asia, they tend to prefer India rather than Pakistan.
AHSAN
I hope you did not mind about my argument and I totally agree that since insurance sector requires so much of number crunching, namely the analysis, and require actuaryâs statistical inference expertise, as mentioned earlier, therefore, the insurance, life and general, believed to be one of the biggest actuarial destination in the profession. But, as you said quite rightly, that the investment and other actuaries are also doing great job and in some cases, even better prospects for the future.
I am also in full faith with you that the investment sector, in Pakistan, is also intensifying. The evidence is all over the place, for instance, firstly, the KSE index has gone up by (67%) - third fastest growing rate in whole of Asian economies, over the year 2003, with Thailandâs 126% first and Indiaâs BSE Index by 74% second in the league table.
Also, the P/E ratios for the KSE has been one of the highest for the global emerging markets â showing a positive sign of foreign direct and indirect investment into the economy. Plus, we also evidenced the privatisation of HBL recently, so it is inevitable that the investment sector, together with the global recovery, would be heading towards superior time.
However, how come Indian economy always beat us in foreign investment opportunities? Come on, look at the Bombay, there are more foreign investment banks there than, I think, would be in Karachi. For the same reason, their currency is much stronger than ours, as they are having more investment than us. I think we also have lower cost of production, labour, so how come when ever foreign companies looking for investment in South Asia, they tend to prefer India rather than Pakistan.
AHSAN
