25-30 000 Pakistani soldiers involved in unprecedented operation targeting militants. Areas of North Waziristan isolated and surrounded in what is described as a cleansing. local population evacuated. Large number of militants among casualties in the first two days. Attacks on Khi created the political unity that was lacking 6 months back. Large parts of international community, including the largest democracy of the world, has been calling on the Pakistani military to take this step for years, questioning its patience and attempts to find a peaceful solution. That patience now seems to be exhausted and international support, including financial, is likely to be strong. Market perspective? Violence, in any form, for any reasons, is always sad. It feels petty to talk about equity markets in a post like this but that is our role. Given that the attacks on Khi eliminated any hope of a peaceful solution, there is a broad local political unity for action as well as strong international support we believe any short term negative reaction to the turbulence will be mitigated by long term investors eyeing some hope for real long term change. The Pakistani people has suffered too much for too long. That everyone can agree upon. KSE -0,2% after an hour of trading. dawn/news/1112909/120-militants-killed-during-zarb-e-azb-operation-in-nw
Posted on: Mon, 16 Jun 2014 05:23:49 +0000
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