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Emerging Market

Pakistan upgraded to MSCI emerging market status

KARACHI: Morgan Stanley Capital International (MSCI) has upgraded Pakistan to MSCI Emerging Market status after a gap of nine years, opening its door to global investors that track the index. MSCI, a leading provider of international investment decision support tools, announced the changes to its indexes as a result of its May 2017 Semi‐Annual Index Review, including upgrading Pakistan as an emerging market from a frontier market status. “The MSCI Pakistan Indexes will fully converge with the MSCI Provisional Pakistan…