Pakistan - Emerging market status to improve investors’ confidence: RCCI

Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez has said that the inclusion of Pakistan Stock Exchange in the emerging market index of the Morgan Stanley Capital International (MSCI) is a positive development.

It would improve confidence of local and foreign investors as Pakistan's economy was taking a sharp leap and such news were much needed for more foreign inflows, he said in a statement issued here on Saturday.

The RCCI President said the inclusion of Pakistan in emerging markets index reflected the fact that the country was achieving better growth in terms of liquidity and market size.

Mian Humayun Parvez described the status as the biggest winner of the 2016 MSCI Market Classification Review. By acquiring the Emerging Market title, its firms and index in general might get the capital inflows it would not otherwise get as a frontier market, he added.

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Tags: emerging, market, pakistan
Posted in Asia, Private Equity, Private Equity