Some of the world’s leading money managers prefer Pakistan again after the market revenues last year were among the best in the world, Bloomberg I mentioned.
According to Bloomberg Report, asset managers from companies such as Blackrock Inc to Eaton Vance Corp, to the Pakistan market of $ 50 billion, which handed over 84 % in 2024. Predicting about 40 % for the main KSE-100 index this year.
“You should not extend your imagination to create an investment issue for Pakistan,” said Stephen Quattari, the portfolio manager in Morgan Stanley Investments.
The Pakistani Stock Exchange (PSX) rose last year, and helped improve economic expectations and decisive loan deals with the International Monetary Fund. Recently, the current account balance has improved in the country, prompting inflation to reduce the central bank to reduce prices.
Bloomberg He wrote that optimism is reflected in the allocations of foreign funds. The shares of the country had a weight of 5.0 percent in the Blackrock Frontiers Investment Fund as of December, which represents a return to the money manager for the first time since March 2022. Iton Vans also re -entered the market in the quarter of June after a short outlet.
Legal & General Investment Management Ltd and Evli Fund Management Co also raised possessions, according to the data collected by Bloomberg. The level of foreign investor’s interest is currently similar to peak years in 2014-2018, according to Mohamed Suhail, CEO of Topline Securities Ltd.
However, the risks remain. The political environment is fragile, as former Prime Minister Imran Khan exercises power to mobilize the protests at the level of the country from the bars – the turmoil that threatens to produce economic activity.
Economic challenges are also continuing. The nation decreased by 6.0 percent of the six-month tax collection goal-a major condition for obtaining the $ 7 billion in the International Monetary Fund loan-which raises concerns about its ability to win the next segment of financing.
The classification of the nation’s position to the border market is decreased by FTSE Russell, which entered into force in September, which led to foreigners to convert the pure sellers in the past three months of 2024.
Despite these opposite winds, investors are optimistic given the improvement of external financial affairs. Foreign currency reserves now cover more than two months of imports, approaching the levels described by the International Monetary Fund. This improved coverage less than a month before the International Monetary Fund rescued in 2023.
“If Pakistan managed to manage its current account deficit, which must be able to do so, we can see a multi -year -old community.”
