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Pakistan: An Attractive Frontier Market Pick in Asia

Pakistan: An Attractive Frontier Market Pick in Asia

Macroeconomic Outlook

After years of full of challenges, Pakistani economy is now out of the woods with high-single digit GDP growth rates projected for the upcoming two years. Even if the country still faces some significant political risks and has some vulnerabilities due to high indebtedness, we believe the provided risk-reward profile is very compelling at this point.

Pakistan is one of the few frontier markets that are expected to receive a credit rating upgrade this year. As...

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