According to news report published in Dawn the Global Index Compiler FTSE will not demote Pakistan from the status of secondary emerging markets to frontier markets. FTSE had announced two years ago that it was placing Pakistan on a watch list for a possible removal from the FTSE Global Equity Index Series. This index is widely used by global investors and the decision by hence the decision by FTSE to place Pakistan in a watch list had created ripples in Pakistani equity markets.
For a country that is already steeped in financial crisis this news comes as a great relief. I hope that the situation will improve in the coming days.
According to news report published in Dawn the Global Index Compiler FTSE will not demote Pakistan from the status of secondary emerging markets to frontier markets. FTSE had announced two years ago that it was placing Pakistan on a watch list for a possible removal from the FTSE Global Equity Index Series. This index is widely used by global investors and the decision by hence the decision by FTSE to place Pakistan in a watch list had created ripples in Pakistani equity markets.
For a country that is already steeped in financial crisis this news comes as a great relief. I hope that the situation will improve in the coming days.
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