PTI Rally House Price Lights Up Karachi stagnation to continue, says
Nationwide
Following an incredible show of people’s strength in toppling decades old autocratic regimes in the Middle east, the revolutionary wave is heralding a new age of democracy. From Tunisia to Cairo, from Alexandria to Syria, from occupying Wall Street to Moscow, the protests have created a new awareness and the change is quite conspicuous. Pakistan is going through its worst political crises and it is paying a huge cost for siding with the US in the War on Terror. The continuous violation of Pakistan’s sovereignty by American forces, the weak and ineffective govt, the Taliban question and the sectarian clashes has literally torn the country apart. In such a backdrop, the rally organised by Pakistan Tehreeke-Insaf’s leader Imran Khan, who is roaring like a lion, have kicked off with a big bang. The impressive strong character of Imran Khan has been attracting tens of thousands of youth, students, workers and others in his political rallies. Many analysts are of the opinion that Imran
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Khan has been the gaining support of people over a number of years; however he has failed in executing a proper plan of action. Imran Khan needs to transform this public support into his success and gain more seats in the upcoming national assembly elections. Being a strong critic of Pak-US alliance and opponent of drone attacks, Imran Khan has emerged as the hero of people, who openly supports the cause of oppressed. The cricketer-turnedpolitician says he will end corruption in Pakistan within 90 days of coming to power. Pakistan Tehreek-e-Insaf’s rally at Mazar-e-Quaid (Quaid’s mausoleum) in Karachi on the significant date of December 25 overshadowed the political arena. The presence of a large number of people in the Karachi gathering evidently shows the sudden popularity PTI has gained in the recent past. Many past opponents are now joining the bandwagon, under the pretext of bringing about a change. The attendees of the rally seemed excited and viewed Imran Khan as a ray of hope and a messiah for their
problems. The people, especially the youth, seem mesmerised by the name of Imran Khan and are advocating his views vehemently. Again the credit goes to Imran Khan to bring out not only the middle class, but also influence the people who belong to a slightly privileged section. But it is only Imran Khan and not his party or any other individual in his party showing keenness for leadership. We seem to have banked all our hopes, expectations and promises on one individual, while the fact is that an individual cannot run a country on his/her own. The recent PTI rally in Karachi is a reminder for leadership of Pakistan. It is time to free Pakistan from foreign intervention, remove all those who are involved in corruption, and to provide security and safety for the people of Pakistan. In the meantime Pakistan must reassert itself as a state and renegotiate its policies and conditions with NATO. It is time to realise the strong and stable Pakistan.
Nationwide has previously expressed surprise at the resilience of prices in 2011 UK house prices remained relatively unchanged in 2011 and more of the same is expected, the Nationwide has said. The building society said that the average home rose in value by 1% in 2011, but fell by 0.2% in December compared with the previous month. The economic climate was likely
to lead to a similar situation for the housing market in 2012, it said. There were geographical differences. Prices in Northern Ireland fell sharply in 2011 but rose in London. "The 1% rise in house prices recorded over the past 12 months could hardly be described as a strong performance, but against a backdrop of anaemic economic growth and a deteriorating labour market, UK house prices were surprisingly
resilient in 2011," said Nationwide's chief economist Robert Gardner. "2012 is not shaping up to be much better than 2011 for the UK economy or the housing market." Geographical range The average home is worth £163,822, according to the Nationwide, which calculates the figures using its own mortgage data. Read more on page 15...
At the end of 2010 who would have predicted that the death of a Tunisian street vendor would be the precursor to uprisings in Tunisia, Egypt, Libya and across the Arab region? Or that this would be the year in which Osama Bin Laden, Kim Jong-il and Muammar Gaddafi died? Without question, 2011 will be remembered for the Arab Awakening, and perhaps—it’s too soon to know for sure—a political awakening in Russia as well. The one story that could compare to the Arab Awakening is the euro crisis. If the eurozone or the European Union comes apart, the events will be comparable in historical
significance to what’s happened in the Middle East. The killing of Osama bin Laden and even Japan’s devastating earthquake and tsunami and subsequent nuclear crisis do not rise to the same historic level. The Fukushima accident put a huge question mark over the likelihood of a nuclear renaissance. Global warming may still turn the world toward nuclear energy as a non-carbonemitting form of electrical power—it’s too early to say. But it was a huge event for Japan and elsewhere with countries as big as Germany choosing to phase out nuclear plants and others slowing down plans for nuclear
growth. The latter is probably a good thing, particularly in China and India, as plans envisioned extremely rapid growth. Slower growth will increase the likelihood of safer development. 2011 turned out to be a huge surprise. Things happened that no one predicted two weeks before they took place. Surprise was the leitmotif of the year and it would be wise for us to expect the unexpected again in 2012. 2012 should be another historic year. The first thing to look at is the quartet of issues in the Middle East—Egypt, Iraq, Syria, and Iran.
How will 2011 be Remembered?
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