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PAK - Reforms To Sustain Higher Yields Of Pakistan ETF
Global X MSCI Pakistan
Owing to favorable macro-economic indicators, PAK is poised to become one of the highest yielding ETFs in the market. Political stability along with an improvement in the investment climate is expected to rally the capital markets of Pakistan. Moreover, lower than expected inflation numbers are expected to soften the stance of State Bank of Pakistan (SBP) on monetary tightening. It is worth mentioning that the benchmark KSE-100 is trading at 9.6x P/E, which is at a 44% discount to regional markets and accompanied by dividend yield of ~7.3%.