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Pakistan is going to downgraded to Frontier Market from Emerging Market.

Jungibaaz

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On topic: A lot to be downgraded and hitting Pakistan especially since the so-called world police is denied of any base and even rejected their do more pressure. Pakistanis shall prepare accordingly.
The folks over at MSCI really don’t have anything to do with those sort of developments. More than likely they had been pondering this for months, and will only follow through if the technicals are justifiable.
Sure it was worth it. That move alone nearly bankrupted Pakistan in 2018 View attachment 756269 View attachment 756270
For God sake man, pls read the whole comment. Take more than 10s to respond.
 

Norwegian

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The worst thing about Ishaq Dar is that even now, he will not own up to his disastrous policies, and continues to make idiotic comments based on GDP growth figures alone.
That's not even the worst thing. The worst thing is "educated" TV anchors, journalists still believe his economic policies were making Pakistan Asian Tiger and it was establishment / PTI that led to downfall of economy.
 

Patriot forever

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Not a good sign at all, what’s the criteria that we’re now failing to meet that we had met before? I think we were upgraded to EM status in 2017
Sir this will give an appropriate background. ( To my understanding it is basically market capitalization of a company in $, the impact is due to exchange rate). We meet the requirements but the number of companies in terms of liquidity and market valuation fell short.

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Waterboy

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Back in 2017 Pakistani currency was way overvalued by absconder ex finance minister Ishaq Dollar. It gave false impression to investors about the true health of Pakistani economy. But you cannot fool the investors forever. Eventually Miftah Ismael, the new finance minister devalued PKR because overvalued PKR could not be artificially maintained as it was draining forex reserves and bankrupting Pakistan. That's why Pakistani stock market and economy crashed in USD terms post 2018. Patwaris like @Desprado and @muhammadhafeezmalik would never understand this obvious. For them all the blunders are caused by PTI when in fact PKR was artificially overvalued during their absconder leader Nawaz Sharif govt.
View attachment 756227 View attachment 756233 View attachment 756234 View attachment 756235
You post these shitty screenshots on everywhere. Stop defending a party and accept the fact that we are not doing economically better.
 

The Eagle

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The folks over at MSCI really don’t have anything to do with those sort of developments. More than likely they had been pondering this for months, and will only follow through if the technicals are justifiable.
Honestly, not an economy person bro but I believe a lot of factors works in junction. It's not about MSCI but factors/root cause behind economy making them to decide.
 

Jungibaaz

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Sir this will give an appropriate background. ( To my understanding it is basically market capitalization of a company in $, the impact is due to exchange rate). We meet the requirements but the number of companies in terms of liquidity and market valuation fell short.

View attachment 756277
Okay, so if that’s the rationale, then at least this move is not based on risk-perception. Which is probably the worst case scenario. Still, let’s hope they don’t downgrade us. It’s better to be in the EM group.
 

Norwegian

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market valuation fell short.
You post these shitty screenshots on everywhere. Stop defending a party and accept the fact that we are not doing economically better.
Honestly, not an economy person bro but I believe a lot of factors works in junction. It's not about MSCI but factors/root cause behind economy making them to decide.
Pakistan is downgraded due to Market valuation of Pakistan stock exchange. Market valuation is done in USD not in PKR. So when overvalued PKR in 2017 put Pakistan in Emerging market category, reverse was bound to happen as PKR value is now back to normal. There is no conspiracy behind it other than absconder Ishaq Dollar artificially overvalued PKR for years to polish a broken economy.
A4BE3946-CD4D-48DF-81EC-F7AE9BE07C0F.png
 

muhammadhafeezmalik

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Shayan
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Dear Pakistanis Soon #FATF will be finalising their review on #Pakistan. Just remember: -We recently #AbsolutelyNot them -Didn’t agree to IMF’s on #Budget2021 -No compromise on #CPEC -Calling out west’s hypocrisy on #Palestine and #Kashmir #DeepPockets Prognosis: Grey List



The positive side about this would be PSX will fish in a small pond and will behave like a big fish as frontier market stocks have smaller players.

Earlier Pakistan has to compete with big fishes and being a smaller entity...

Anyways this is more about the PSX and not about Pakistan...


The website, Market Current LLC, which produced this article was turned out as fake website.
 

Norwegian

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N.Siddiqui

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Who are the other players along with the MSCI...this is a US based firm, who will take the decision.



And looking at the earlier assessment of Pakistan just 2 and 3 months back, where MSCI kept Pakistan in the emerging market, this looks all suspicious and politically motivated, because of a sudden change.



 

muhammadhafeezmalik

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