Pakistan’s market thrived ever since PM Nawaz assumed power: WSJ

11:20 PM | 11 Jun, 2015
Pakistan’s market thrived ever since PM Nawaz assumed power: WSJ
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New York (Web Desk) - MSCI says it would include Pakistan on its 2016 review list.Prominent US newspaper Wall Street Journal says Pakistan’s market has thrived ever since Prime Minister Nawaz Sharif assumed power.

In an article, it said, Index provider MSCI has revealed that it plans to consider upgrading Pakistan from frontier- to emerging-market status next year.

Citing a number of positive developments over the course of the past 12 to 18 months, MSCI said it would include Pakistan on its 2016 review list.

The newspaper says Pakistan government is on a mission to boost economic growth from the anemic 3% to around 7% by the end of its five-year term.

Pakistan has already achieved recognition among frontier-markets analysts, including Renaissance Capital, which describes the country as the best undiscovered investment opportunity in emerging or frontier markets.