Dispatch from Islamabad
Agha Iqrar Haroon
Uruguay is a country in the
South Eastern region of South America. It is bordered by Argentina to its west
and Brazil to its north and east,
with the Atlantic Ocean to the south and southeast.
Uruguay is home to 3.3 million people of whom 1.8
million live in the metropolitan
area of its capital and largest city.
It experienced a major economic and financial crisis between 1999 and 2002,
principally a spillover effect from the economic problems of Argentina. The economy contracted by 11%,
and unemployment climbed to 21%. Despite the severity of the trade shocks,
Uruguay’s financial indicators remained more stable than those of its
neighbours, a reflection of its solid reputation among investors and its investment-grade sovereign bond
rating, one of only two in South America.
Its GDP $16,334 comparing to Pakistan’s GDP $1,410. Comparing to Pakistan
this is a rich country but its President is the poorest President
of Pakistan as he contributes 90 percent of his $12,000 monthly salary to
charities to benefit poor people and small entrepreneurs. José Alberto “Pepe” Mujica Cordano is
President of Uruguay since
2010.
A former guerrilla fighter and a member of the Broad Front coalition of
left-wing parties, Mujica was Minister of Livestock, Agriculture, and Fisheries from 2005 to 2008 and
a Senator afterwards. As the candidate of the Broad Front, he won the 2009
presidential election and took office as President on
1 March 2010. He has been described as “the world’s ‘poorest’
president”. Look how countries flourish when
politicians are honest to nation.
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