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Promise in Pakistan; What's behind one of the world's most surprising economic success stories? In part, September 11.
Byline: Ron Moreau (With Zahid Hussain)
In the late 1990s Lahore-based businessman Iqbal Ahmed was depressed. Pakistan was isolated internationally and in the grip of a deep recession, and his modest, liquefied-petroleum-gas operation didn't seem to be going anywhere. "I used to get up and say, 'What the hell, it's another day'," he recalls. "Now I can't wait for the day to begin. I see a very bright future."
Ahmed has good reason to be optimistic. Two years ago he signed a deal with Houston's Hanover Energy Co. that has helped transform his LPG extraction plant into the largest and most efficient in Pakistan, with revenues last year of $130 million. ...
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Source: HighBeam Research, Promise in Pakistan; What's behind one of the world's most surprising...