Pakistan upgrade: So much for all that

As China's A-share market gets its long-cherished MSCI inclusion, the experience of Pakistan after being granted emerging market status shows index inclusion may not be all that.

Pakistan upgrade: So much for all that

Pakistan has featured in this column once before, but now looks unlikely to ever appear again. The country, long one of the best-regarded frontier markets in Asia Pacific, has joined the ranks of the emerging market countries, after an upgrade from index provider MSCI.

That was supposed to be a boon for a country that has been doing all the right things. Pakistan has managed to pull off impressive growth while getting inflation...

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