Bloomberg’s Tyler Cowen article “Pakistan’s economy is a pleasant Surprise’ has discussed how astonishing and unappreciated Pakistani economy really is? The article has caught immediate global attention and Pakistan economic pundits as well.
According to the analyst, the label ‘most underrated economy of the year’ is as likely to be bagged by “an ailing country with an excessively bad reputation or maybe to a known star with virtues beyond what people understand.”
The highlight from Cowen’s analysis was the stock market performance, wherein he noted that Pakistan Stock Exchange (PSX) gained a hefty 46 percent in 2016, and is still continuing on its growth trajectory. A consortium of Chinese companies purchased a significant stake in PSX.