Pakistan’s long-suffering stock market got a boost after cricket star-turned prime minister, Imran Khan, finally yielded power, thwarted in his plan to instead dissolve parliament.
The Global X MSCI Pakistan exchange-traded fund (ticker: PAK) is up 9% over the past week. The good vibes look fragile, as Khan rallies supporters in the streets and soaring fuel and food costs keep inflation in double digits.
“Political...
European Union leaders declared after a summit at Versailles last month that “Ukraine belongs to our European family.” That was a rather obvious observation from the 27 member states, considering the popular outpouring for Ukraine across the continent, and their own provision of arms and sanctions to help it fight Russia.
The prospect of EU membership could be key to an eventual peace process, giving Kyiv and Volodymyr Zelensky a win to offset any concessions to Moscow. But moving quickly from poor cousin to a snug room in...
Read Full Story: https://www.barrons.com/articles/pakistan-economic-mess-stock-market-cheap-51649978325
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