Speaking of Pakistan’s self-imposed no-market-declines rule, all’s well in the land that bad news forgot. Consider this quote from a securities dealer in Karachi concerning the current global crisis:
"Global financial turmoil has not and cannot affect Pakistan, thanks to the floor which is in place," said Asad Iqbal, managing director at Ismail Iqbal Securities Ltd.
Gosh, I hope Hank Paulson and Ben Bernanke are paying attention. Asad is onto something here.