This is written by a Pakistani journalist called Dr Farrukh Saleem on 12/9/2007. He is an Islamabad-based freelance columnist.
It was an eye-opener and made a wonderful read. I have just re-produced the article on an 'as-is' basis, hence no offense intended to anyone.
The two Ambani brothers can buy 100 percent of every company listed on the Karachi Stock Exchange (KSE) and would still be left with $30 billion to spare. The four richest Indians can buy up all goods and services produced over a year by 169 million Pakistanis and still be left with $60 billion to spare. The four richest Indians are now richer than the forty richest Chinese.
In November, Bombay Stock Exchange's benchmark Sensex flirted with 20,000 points. As a consequence, Mukesh Ambani's Reliance Industries became a $100 billion company (the entire KSE is capitalized at $65 billion). Mukesh owns 48 percent of Reliance.
In November, comes Neeta's birthday. Neeta turned forty-four three weeks ago. Look what she got from her husband as her birthday present: A sixty-million dollar jet with a custom fitted master bedroom, bathroom with mood lighting, a sky bar, entertainment cabins, satellite television, wireless communication and a separate cabin with game
consoles. Neeta is Mukesh Ambani's wife, and Mukesh is not India's richest but the second richest.
Get the complete article at the above link....
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comments
nice read jsbi, thx for sharing
Very well written article and a very valid question to ask for themselves by Pakistan, but then here is an interesting thought - china works in similar way Pakistan does or does it?
v really dont see or value ...v point out all the negatives..