Pakistans market beats India and China Forbes Report Says. In the last few years Pakistans equity market has been outperforming India and Chinas markets.
According to Forbes, the last twelve months, Global X MSCI Pakistan ETF was up 20%, beating Indias and Chinas comparable ETFs by almost two to one.
Although Pakistans market is beating that of India and China, Forbes states it is lagging behind both these countries in key macroeconomic metrics like GDP, growth rates and unemployment. This according to Forbes can be attributed to Pakistan suffering from terrorism making it an unstable country for foreign investors.
Forbes says that one of the main factors for the success of Pakistans market is reforms which have been getting vote of confidence internationally such as that from the World Bank.