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Pakistan upgraded to MSCI emerging market status

MSCI upgrades Pakistan to emerging market status

The Pakistan Stock Exchange (PSX), which was declared the best-performing stock market in Asia in 2016, has more good news in store for it this year with the highly respected Morgan Stanley Composite Index (MSCI) deciding to give it the much-coveted MSCI emerging market index status. This was revealed in the MSCI’s May 2017 Semi-Annual Index Review, published on May 15, where Pakistan’s status was upgraded from a frontier market…

Pakistan could become the world’s 20th largest economy by 2030: report

Pakistan is expected to be among the world’s most powerful economies by 2030, said a report carried by World Economic Forum on its website. The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by Purchasing Power Parity (PPP). It was prepared by PricewaterhouseCoopers, one of the world’s largest professional-services firms. PPP is used by macroeconomists…

Pakistan’s Economy Is a Pleasant Surprise

Stocks are up, growth is rising, and poverty is falling. Each year I perform the exercise of picking what I think is the most underrated (and overrated) economy in the world. Past winners have included Germany, Mexico and, more recently, the Philippines. The designation is tricky, because it can go to an ailing country with an excessively bad reputation or maybe to a known star with virtues beyond what people…

What’s Next For Asia’s Best-Performing Stock Market?

Investors say the rally in Pakistan has further to run. Pakistan has plowed an independent trajectory this year, outperforming both its fellow frontier markets and members of the emerging-market grouping that it is slated to join in 2017. The country’s benchmark KSE100 Index has rallied 27 percent year-to-date to become Asia’s best-performing equity market in 2016, according to a basket of 26 peers tracked by Bloomberg. The market received a boost in June when MSCI Inc. announced that it would reclassify Pakistan as…

U.S. keeps China, India on intellectual property shame list

WASHINGTON (Reuters) – The Obama administration on Wednesday kept China, Russia and India on its annual list of countries with the worst records of preventing the theft of intellectual property and cited Switzerland for failing to curb online copyright infringements. The annual list, released by the U.S. Trade Representative’s Office, carries no threat of sanctions, but aims to shame governments into cracking down on piracy and counterfeiting and updating their…

More than 400 students packed the Karachi Institute of Business auditorium today to interact with World Bank President Jim Yong Kim

Pakistani Youth See Opportunity in a Globalized Economy

KARACHI, February 10, 2016—More than 400 students today packed the Institute of Business Administration (IBA) auditorium in Karachi. They were eager to interact with Jim Yong Kim, President of the World Bank Group and discuss social innovation, entrepreneurship and inclusive growth in Pakistan. This is an important theme for Pakistan and one particularly relevant to the country’s young population. Nearly two-thirds of Pakistan’s population is 24 years old or under. This represents an unprecedented opportunity…