Friday, September 18, 2009

Menace that is media

I have completely lost touch with the media. My only two sources of information remain Dawn and Business Recorder. That too only as long as they are reporting the facts. I don't read the editorial section any more. The journalists are not as unbiased as they their profession requires them to be. I get particularly pissed off when journalists venture into the realms of economics and finance.
TV has been worse. You flip through countless channels and yet all you are left with is Hamid Mir or Javed Chaudhry. One wonders what happened to those prodigies like Anwar Maqsood and Haseena Moin. I distinctly remember my days in the third grade when my family was in Dubai. Sharjah TV would show Pakistani dramas like Waaris, Aangan Terha, Ankahee, Dhoop Kinaray, etc. and Indians and Pakistanis alike would rush home. Those serials had some distinct characteristics; they focused on the middle and were picturised in Pakistan instead of Dubai, they were not as complicated as they are today and they were not inspired by "Kahani Ghar Ghar Ki" or Tara. Those were the good old days when media was strictly regulated. Now that it is not, I wonder how many people are watching the soaps on Geo or ARY.
As if this was not enough. We get to see our perverted politicians talking crap.



This kind of stuff often leaves one wondering whether he is the only one observing some standards of decency.

Monday, September 7, 2009

The story of Me: The Beginning

Inspired by Krishan Chander"s book titled "Meri Yaadon Kay Chanaar"

Like any other life, mine too has been full of ups and downs, triumphs and defeat, pride and humility, guilt and repentance, happiness and misery. People are not born good or bad. They are what the events and their companions shape them. But if one were to view his life in retrospect, he would know what he gained and what he couldn't, what he learned and where he burned.
I was born in 1981 in the Seventh Day Adventist Hospital in Karachi to a middle class, moderate family. A year after my birth came my second brother who I would, for the sake of anonymity, call Fred. The same year, my dad, who is a professional accountant, got a job in Dubai.
Now I don't remember much of what it was like until I was 4 years old. My parents were all by themselves in a country that was alien and strange in every sense of the word. Unlike a lot of my maternal and paternal cousins we were not pampered by our grand parents and aunts and uncles. Now that I think about it, I am thankful to Allah (SWT) for the parents he gave me. Driving license is not easy to get in Dubai. And my dad did not get one for 3 years. My mother was not a driving kind at all and she is still not.
When I turned 4, i started making friends in the neighborhood. The earliest ones that I made were both Indian Muslims. One of them was Cameron and the other Ryan. That was the year when me and Ryan started school. My first day at school was an interesting one. No one went to drop me off. I was made to wear some strange clothes, called uniform, and handed over to Adnan bhai, another neighbor who was much older than me, and made to board the bus. Adnan bhai showed us (Ryan and me) to my class and introduced me to my first teacher Mrs. Madhu. Thus began my journey of enlightenment.
Unlike schools in Pakistan, this was a true English Medium school and being in Dubai, the ethnic and cultural diversity was phenomenal. There were Arabs, Indians, Pakistanis, Bengalis, Brits and Yanks. 2 years later Fred was admitted in the same school. Now I started a year ahead of my age whereas fred started at the right time.
Those years of blithe I will always miss. We would come home in the afternoon and my mom would make lunch and stuff us. And after that would put us to bed for an hour's nap. My dad use to come home for lunch too. Back in those days, Dubai use to close down for 2 hours for lunch and it was pointless to sit in the office. In the evening, my dad would head back to work whereas me and Fred would go out and play with our friends. Our entertainment came from picking on our lungi-clad watchman.
I still got a very vivid memory of when me and Fred went out to play and found our other friends in the front yard of a deserted house. They were plucking the fruit from the tree. We, obviously too young to understand what the fruit was, joined our friends and thought it would be a good idea if we could take home some and see what becomes of it. So we started stuffing them into our pockets. Out of nowhere comes the lungi-guy and chased us out of there. Little did he know that he was a moving target. We took cover in another yard and pelted him with the same fruit for which he had chased us.
Summers were wicked in Dubai. Most of the families would go to India or Pakistan in Summer Vacations. We did too, to endure long hours of load shedding, noise and air pollution. Carefree that we were at that age, we would hardly mind the landmark characteristics of Pakistan. We would play with our cousins, hang out with mamoo (my mom's only brother) and be pampered by our aunts and uncles.
It was one of these summers that I got to know my my paternal grand dad. He retired from SBP the same year I was born as a deputy director and went about teaching maths and biology to the less privileged kids in a mosque near his house. He stuck to this groove until 2002 when he met an accident which I will elaborate upon in some other post. All in all, he was a modest old gentleman who didn't speak much.
It was the summer of 1985 that we came to Pakistan and this time the intentions were to settle here for good. My mom got us admission into same lame ass school behind the old exhibition road. My father went back to Dubai to wind up[ things there. In November of the same year came my third brother who I would call Nash. And immediately after that my parents had a change of plans and they thought the time was not yet right to move into Pakistan. Really, grown-ups are weird most of the times.
Once back in Dubai, we went about our usual business. The same year we got a Bengali Molvi Sahib. This was another character we loved to pick on. Everytime he showed up at our place, he would break a branch of tree from outside our house to discipline us and before leaving, would hide the same under the sofa for the next day. It took us a couple of days to figure this out and then things started getting funnier. We would behave well when our parents were around and would make him sweat and run (literally that guy would chase us around the house) when our parents were not home. We tried everything on this guy like water guns, locking him in the toilet.............. I miss those days. I miss that Molvi Sahib.

Saturday, September 5, 2009

Road to Democracy

As one skims through the history of Pakistan, he is faced with the dilemma of what to believe and what not to. Another predicament would to segregate the guilty from the innocent. These quandaries are further exacerbated by the fact that the historians are not as unbiased as they should be. Nobody is, for that matter. Senior journalists have admitted, on various occasions, that they are not as unbiased as their profession requires them to be.
Whosoever took Pakistan studies in his high school years and read shahab nama later in his life would agree that there are a number of grey areas in there. Some of them have been or were locked away and some were never probed as they should have been. Hamood-ur-Rehman Commission Report would be an instance of the former and the 1990-94 genocide in Karachi of the latter.
The history of Pakistan has seen a chronic struggle for power between democratic institutions and the military, or at least what the books have to say. Democracy, however, has been barely there. Even the most ardent proponents of democracy failed to live upto the expectations of their followers and embarked upon a dictatorial journey, meeting their end on the way.
Having a degree in finance and career in banking and investment management, I will venture into a territory of political science and explore the fallacies and anomalies in a democratic set up (within Pakistan). Since I have been so bamboozled by this journey to democracy I googled “what is democracy” and here is what I found.

whatisdemocracy.net

Assuming this site is the right place to start, I would conclude that Pakistan is a democracy (for now) and that too a representative one. The same site goes on to elaborate that representative democracy is representative only as long as the constituencies are consulted on every major decision or else it becomes an elected dictatorship. Now isn’t this familiar?
My next stop was Wikipedia and without going into the history and evolution of this form of government, I was found the pre-requisites; rule of majority, freedom of speech, political expression, association and press. So now that I have a fool proof recipe for democracy, I find it very easy to conclude that its not just the military that has sabotaged the democratic process in this country. I will deal with every “ingredient” separately.
Rule of Majority: 70% illiteracy. And the feudal lords in rural Pakistan (who are also the democratically elected representatives) have made every effort to keep education as inaccessible as possible. I find it difficult to understand how a person should be allowed to decide the fate of his country when he can barely read or write. Moreover, this particular class has been used by their respective feudal lords on balloting days when votes are bought against “free aatay ki bori.”
Whatever we are left with the “educated class” happens to be a small group of greatest porn googlers.
Freedom of Speech: Now this is a right that, I don’t think a person is born with. A person should be granted this freedom only if he is worthy of being heard. Given the fact that more than half the population is illiterate, this right should be usurped right away.
Freedom of political expression: Did you think Zia-ul-Haq was bad? Think again. Bhutto did not allow his party to negotiate with Mujeeb-ur-Rehman. Benazir bitch and Nawaz not-so-Sharif went against MQM during their first tenures using everything they could; military, establishment, money, judiciary. This is not a secret anymore.
Freedom of press: Now this one does not any explanation. The press owes its freedom to a military dictator. And I cannot possibly forget the vendetta that was launched by Nawaz not-so-Sharif against the Jang group.

Now I am not a student of political science so I didn’t bother going into facts, figures and statistics. Instead, I had to rely more on my own memory. However, if someone could possibly convince me otherwise, please do so. Your comments and suggestions would not be censored and your families would not be intimidated or threatened.

Friday, September 4, 2009

Lucky Cement

Last year's earning PKR 14.8 and current price is 73. The P/E is close to 5x. I have to rush into this one on Monday