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

[Norwegian]

he had a rationale for his view that keeping PKR overvalued was worth it.

That move alone nearly bankrupted Pakistan in 2018 but generated 5.8 percent Gdp growth in election year. Wasn't it worth it?

 

[Jungibaaz]

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 2018View attachment 756269View attachment 756270

For God sake man, pls read the whole comment. Take more than 10s to respond.

 

[Norwegian]

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]

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.

 

[Norwegian]

For God sake man, pls read the whole comment. Take more than 10s to respond.

Sorry I edited it.

View attachment 756264

Can't see attachment

 

[313ghazi]

The cost of freedom.
View attachment 756261

The cost of freedom.
View attachment 756261

Spoiler

 

[Waterboy]

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 756227View attachment 756233View attachment 756234View 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]

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]

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]

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.

 

[muhammadhafeezmalik]

Shayan
@Shayan_k88
·
Jun 24

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...

PSX one of best performing markets in Asian region

ISLAMABAD - Managing Director and Chief Executive Officer (CEO) of Pakistan Stock Exchange (PSX) Farrukh H. Khan on Thursday said

nation.com.pk

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

 

[Norwegian]

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

Just like the website that gave your absconder leader Ishaq Dollar IMF award for being the best finance minister in the world?

IMF distances itself from Ishaq Dar's 'Finance Minister of the Year' award | The Express Tribune

Mission chief says Emerging Markets not linked to IMF amid revelations that state-owned firms funded latest edition

tribune.com.pk

 

[N.Siddiqui]

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.

Morgan Stanley Capital International raises Pakistan weight to 0.023pc in EM index

Lucky Cement makes a surprise entry in standard index.

www.dawn.com

MSCI retains Pakistan in EM index

KARACHI: MSCI announced quarterly review for period to February disclosing changes in constituents of its global...

www.dawn.com

 

[muhammadhafeezmalik]

Just like that website that gave your absconder leader Ishaq Dollar IMF award for being the best finance minister in the world?

IMF distances itself from Ishaq Dar's 'Finance Minister of the Year' award | The Express Tribune

Mission chief says Emerging Markets not linked to IMF amid revelations that state-owned firms funded latest edition

tribune.com.pk

So, where is the CHANGE??

 

[Norwegian]

So, where is the CHANGE??

This is the change. Pakistani currency is no longer manipulated to aid certain political agenda (to win elections while destroying long term financial health of the economy)