Pakistan’s market beats India and China: Forbes

In the last few years Pakistan’s equity market has been outperforming India and China’s markets.

According to Forbes, the last twelve months, Global X MSCI  Pakistan ETF was up 20%, beating India’s and China’s comparable ETF’s by almost two to one.

Although Pakistan’s market is beating that of India and China, Forbes states it is lagging behind both these countries in key macroeconomic metrics like GDP, growth rates and unemployment.  This according to Forbes can be attributed to Pakistan suffering from terrorism making it an unstable country for foreign investors.

Forbes says that one of the main factors for the success of Pakistan’s market is reforms which have been getting vote of confidence internationally such as that from the World Bank.