The man behind the gun

The public responded to the news of Shaukat Tareen's offer of buying 50% shares of CCBL very favourably in general.
Even it had a very positive impact on the market value of the CCBL shares with huge buying volumes, knowing very well the past achievements of Shaukat Tareen with Habib Bank and finally with Union Bank whose share value of Rs 4 at the time of his take-over escalated to nearly Rs 95 in a brief period of 7 years due to his able policies, reforms and banking skills.
He indeed is a banking wizard and a pioneer of consumer banking. Credit can also be placed upon him for changing the fundamentals and the banking scenario in Pakistan leading to foreign interest in the banking sector.
However his offer was superseded by SAMBA, a leading Saudi based company, by more than doubling his offer of Rs 2.8 billion. Indeed, arithmetically it looks a better offer but it did not make a significant headway in the share market which otherwise should have been the case. It is, therefore, evident that it is the man behind the gun that counts.