Economics
MSCI Downgrades Pakistan to Frontier Market After Four Years
- Nation doesn’t meet size, liquidity rules for emerging markets
- MSCI starts process to add in MSCI Frontier Markets 100 Index
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Index provider MSCI Inc. downgraded Pakistan to a frontier market, four years after its ranking was raised to an emerging market.
“Although the Pakistani equity market meets the requirements for market accessibility under the classification framework for emerging markets, it no longer meets the standards for size and liquidity,” according to a statement by MSCI. The proposal is to be implemented with the November semi‐annual index review, MSCI said.