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PAK - PAK: Pakistan May Be Pulling Off A Monetary Miracle
Global X MSCI Pakistan
Back in August, I wrote "PAK: It May Be Cheap, But Cheap Can't Fix The Currency," which explained how the companies in the Global X Pakistan ETF (PAK) are extremely cheap but that the country's fiscal mismanagement created an extremely risky environment for the Pakistani rupee.
As explained in the previous article, a bet on PAK is more of a bet on the PKR than on the country's stock market, due to the extreme volatility of the currency and its many recent devaluations.