ISLAMABAD: In positive economic development, Pakistan’s strong economicindicators endorsed by the top international agency.
Pakistan’s strong economic indicators were endorsed on Monday afterBloomberg, the international economic journal, termed Pakistan stocks‘world-beating’.
According to Bloomberg’s report, foreign investors have bought $64 millionof the nation’s stocks this year, set for the first annual inflow since2014.
The rally that’s helped Pakistan stocks trounce the rest of the world inthe past three months is not done yet, the report read and added thatPakistan Stocks once again become an attractive market for big investors.
Pakistan’s KSE-100 Index has advanced to the highest level in seven months,after falling to the lowest in almost five years in August, amid attemptsby the government to stabilize the economy with a $6 billion loan from theInternational Monetary Fund after a deficit blowout.
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Meanwhile, bond yields have begun to fall after peaking around 14%mid-year, making debt investments less attractive, read the report.
The report admits that Pakistan made just enough progress on globalanti-money laundering and counter-terrorism financing standards in Octoberto escape being placed on a blacklist.
