The article was originally written on 18th September 2001
I have been asked to comment of the likely impact on Pakistan, the Middle East in particular and the Asset Management Industry on the whole.
I do not have enough insight of the Middle East and shall restrict my comment to the likely impact on Pakistan, the capital markets and the asset management industry here.
The magnitude of the tragedy has for the first time brought world focus and consensus on eliminating terrorism. But in addition to the terrorist act we have witnessed on 11th September 2001, there is a much bigger potential terror lurking in the region, which is the risk of a nuclear conflict between India and Pakistan. Pakistan seems to be a front line state that will need to act against terrorism and confront Afghanistan with regard to Osama bin Laden I shall first try and deal with why Pakistan is in focus.
