PAK News and Press, Global X MSCI Pakistan From 07/21/19

As was largely being expected, Pakistan’s central bank announced to raise its target policy rate by 100bps to 13.25% on July 16, 2019. Following the monetary policy announcement, the question arises if further rate hikes are on the cards. Further monetary tightening in Pakistan will p...

The International Monetary Fund (IMF) announced on July 3 that its executive board has approved a 39-month agreement to lend around $6 billion to Pakistan. Out of the total approved amount, $1 billion will be disbursed immediately. The IMF expects that the agreement could help usher in $38 b...

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Global X MSCI Pakistan ETF ( PAK ), an ETF that tracks the performance of the MSCI All Pakistan 25/50 Index through full replication, has declined sharply in the past two years. We foresee some further pressures ahead for the ETF as Pakistan’s federal budget announced June 11 has severa...

By Mohieddine (Dino) Kronfol, Chief Investment Officer, Franklin Templeton Global Sukuk and MENA Fixed Income Islamic finance has grown at a healthy pace, and within this market, sukuk - Shariah-compliant bonds - have increasingly attracted attention from investors across the globe. Frank...

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Crown Prince Mohammed bin Salman plans to invest a whopping $20B in Pakistan - including in its energy and agriculture sectors - as he began a swing through Asia at a time when his ties with the West are waning. More news on: Global X MSCI Pakistan ETF, News on ETFs, Global news and forex,...

A Slowing U.S. Economy and Rising U.S. Inflation Create a Fed Dilemma The U.S. Federal Reserve since 1977 has been required to follow a dual mandate in which it must simultaneously "promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates....