Pakistan Stock Exchange

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Some Facts about Pakistan and Pakistan Stock Exchange

Paging and mobile (cellular) telephony were adopted early and freely. Cellular phones and the Internet were adopted through a rather laissez-faire policy with a proliferation of private service providers that led to fast adoption. Both have taken off and in the last few years of the 1990s and first few years of the 2000s. With a rapid increase in the number of internet users and ISPs, and a large English-speaking population, Pakistani society has seen major changes.

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By 1750s the Mughal empire was in shambles. The British had gained strong footholds in the region and the stage was set for a full invasion and annexation. The British empire would eventually expand towards the Pakistani regions. The eventual collapse of the anti-British struggle by the Muslim leader Tippu Sultan during 1749-1799 the remnants of the Mughal Empire became vulnerable. The Indian War of Independence in 1857 was the last armed struggle against the British who had colonized the region. After crushing the struggle the British dubbed the event "Siphoy Mutiny". Even though the War of Independence was a joint Muslim-Hindu struggle to oust the British, the blunt of British retaliation was directed at the Muslim population of the empire employing the infamous "Divide and rule" policy. Indian Muslims faced the worst backlash in form of suppression and subjugation among all the religious populations of India, hence setting the stage for creation of Pakistan - a Muslim state for the inhabitants of India. The greatest proponent of this became Muhammad Ali Jinnah, who later earned the title of Quaid-e-Azam meaning "great leader" and founder of Pakistan.

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Pakistan has more than 10 million Internet users as of 2005. The country is said to have a potential to absorb up to 50 million mobile phone Internet users in the next 5 years thus a potential of nearly 1 million connections per month. Almost all of the main government departments, organizations and institutions have their own websites. The use of search engines and instant messaging services is also booming. Pakistanis are some of the most ardent chatters on the Internet, communicating with users all over the world. Recent years have seen a huge increase in the use of online marriage services, for example, leading to a major re-alignment of the tradition of arranged marriages. As of 2005 there were 6 cell phone companies operating in the country with nearly 22.5 million mobile phone users in the country. Wireless local loop and the landline telephony sector has also been liberalized and private sector has entered thus increasing the teledensity from less than 3% to more than 10% in span of two years.