|Bid||12.48 x 100|
|Ask||0.00 x 0|
|Day's Range||13.26 - 13.41|
|52 Week Range||12.99 - 19.23|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.91%|
China Pakistan Economic Corridor's (CPEC) biggest threat isn’t India. It’s corruption. On both ends of the partnership, which makes the ambitious project look like a “sand castle.”
In Chinese, the word “crisis” is composed of two characters, one representing danger and the other opportunity. Pakistan would be its sovereign embodiment: It is among the world’s most dangerous countries, yet it’s also provided excellent investment opportunities over time. Last month President Donald Trump warned the U.S. would “no longer be silent” about “safe havens” for terrorist organizations like the Taliban that challenge the U.S.-backed government in Afghanistan.
India and Japan have been on a new mission lately: to tame China’s ambitions to take control of the trade routes in the Indian Ocean, encircling India in the process.
Washington is looking into Pakistan’s primary adversary, India, to advance its policy agenda in Afghanistan and elsewhere in Asia. Like the South China Sea, where America has been trying to tame China’s ambitions to write its own navigation rules. That’s good news for India.
The taking over of Hambantota by Beijing is bad news for both Pakistan and India -- for different reasons. For Pakistan, the deal will serve as a model for the future of CPEC. For New Delhi, the Hambantota deal is bad news because it’s one more step to encircle and pacify India by Beijing.
After declaring the South China Sea its “own sea,” China is racing to expand its presence in the Indian Ocean, teaming up with Pakistan. That's bad news for India, which is still trying to forge partnerships to catch up with China and Pakistan in shoring up its presence in the Indian Ocean.
Sharif’s corruption problem crushes Pakistan’s stock market. The KSE 100 dropped 2153 points or 4.65% to 44121 from 46274 in the previous trading session, well below its all time high of 52876.46 in May of 2017.
Disputes between China and India are turning worse. This week, Beijing had a loud and clear message for India: stop spoiling our plans or you will suffer worse losses than 1962. But it won’t be easy under Modi's administration.
The China Pakistan Economic Corridor (CPEC) will take Pakistan back to a place it doesn't want to be: knocking on the door of the IMF, as it did back in 2001. With a big difference this time around -- the door may not be open.
Prime Minister Modi’s currency experimentation has not stopped India’s vibrant economy, which is the world’s 4th fastest growing economy in the world thus far in 2017.