Pakistan top emerging economy in South Asian markets: AMC
Atlantic Media Company (AMC) of the United States has ranked Pakistan as comparatively stronger economy in South Asian Markets and expected it will grow rapidly during days ahead.
According to Atlantic's report, the Pakistan government's investment in infrastructure and other developmental projects has caused country's GDP to grow.
It said, last month American stock index firm MSCI(Morgan Stanley Capital International) also inducted Pakistan in 10 most emerging economies in the world.
AMC said during the period January-July 2016, Indian 100 point index was 6.67% while Karachi Stock Exchange (KSE) had achieved 100 point index to 17 percent.
It said security situation in Pakistan has also improved resulting in economic stability. Moreover, US$ 46 billion investment in China Pakistan Economic Corridor (CPEC) will help Pakistan overcome the chronic problems like power crisis and unemployment.
According to the report, Pakistani economy has been ranked as the best among all the South Asian countries including Bangladesh, India, Sri Lanka and Nepal.
It said KSE 100 index has been performing best among Asian markets during 2016, ranked as world's 5th best stock market.