No #15

The Financial Daily - - CONTINUATIONS -

of Asian coun­tries like Iran, Bangladesh, Viet­nam and In­done­sia that will sig­nif­i­cantly con­trib­ute in the world econ­omy in com­ing decades."

Speak­ing about the strong fun­da­men­tals of Pak­istan's stocks, he said, with 31% re­turns in dol­lar terms Pak­istan led the world mar­kets in 2014. "What is im­por­tant is that the stocks in Pak­istan are still very cheap com­pared to the mar­kets in the in­dus­tri­alised world and they are per­form­ing bet­ter than many mar­kets in terms of re­turns," he added.

"I am sur­prised to see low num­ber of in­vestors in the bourses of Pak­istan. This must change con­sid­er­ing the strong fun­da­men­tals of Pak­istani stocks."

Darst said women in the world are play­ing an im­por­tant role in today's world econ­omy. The rise of the en­trepreneurs from the de­vel­op­ing world, es­pe­cially women en­trepreneurs, will also bring sig­nif­i­cant pos­i­tive changes in this cen­tury.

List­ing down the chal­lenges to the global econ­omy, he said though Pak­istan and In­dia have ben­e­fit­ted from the cur­rent sharp de­cline in oil prices, sud­den fall in oil prices has re­ju­ve­nated fears of de­fla­tion in many coun­tries. He said Europe is re­defin­ing it­self and the sharp changes in Europe can sur­prise the world at large. Speak­ing on the chal­lenges fac­ing Europe in re­la­tion to Greece, he said the new elected prime min­is­ter of Greece could take de­ci­sions that may not go well with the euro and the over­all econ­omy of the con­ti­nent.

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