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24 May 2017 Last updated 8 minutes ago

EFG-Hermes commences operations in Pakistan

After a gap of nine years, a foreign brokerage house has commenced operations in Pakistan ahead of the country’s reclassification to the MSCI Emerging Markets Index, a development expected to generate the inflow of millions…

Current account deficit surges by 200pc

Current account deficit widened by more than 200 per cent in May, the State Bank of Pakistan (SBP) reported on Monday. Rising current account deficit puts the exchange rate under pressure and affects the country’s…

MSCI upgrades Pakistan to Emerging Market status

Index provider Morgan Stanley Capital International (MSCI) on Monday reclassified Pakistan as an emerging market from frontier market status Emerging Markets status, driving a bullish trend in the Pakistan Stock Exchange.
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