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Wednesday, May 17, 2017

CPEC investment benefits: Hong Kong willing to invest in Pakistani market

After a series of development projects and investment as result of China Pakistan Economic Corridor (CPEC), Hong Kong also has shown willingness to make a flurry of investment in several sectors of Pakistan. Prime Minister Nawaz Sharif has met a number of companies' representatives in Hong Kong.
After China has taken on different projects in Pakistan and the ongoing CPEC project, the initiative appears to be another milestone achieved in terms of attracting foreign investment. 
China-Pakistan news and Urdu -

What Pakistani companies are included in standard index as result of MSCI upgrading?

More encouraging news for Pakistan's growing economy as Morgan Stanley Capital International (MSCI) has upgraded Pakistan's status to emerging market. 

The companies included in standard index are:

1) Oil and Gas Development Company
2) Habib Bank
3) United Bank
4) MCB
5) Lucky Cement 
6) Angro Corporation



According to stock exchange analysts in Pakistan, this upgrading from Morgan Stanley will prove very positive for the overall outlook of country's economy.

Pakistan stock market and economy: Morgan Stanley upgrades country to emerging market - Urdu business news

There has been promising sings for Pakistan's economy as Morgan Stanley has upgraded the country from frontier market to emerging market. Morgan Stanley also added six of Pakistani companies in standard index while 27 companies have been added as small cap. The country's economy is growing at a fast pace. 
Pakistan has been battling menace like terrorism and its's administration has put an end to major insurgency that wreaked havoc on it until two years back. Ever since Pakistani military has taken on the terrorists which the international community has hailed as a defining moment for Pakistan, the country's economy is on the rise.