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Did You Guys Know That BlackRock Invest In Pakistan Stock Exchange KSE 100
In December 2024, BlackRockās Frontiers Investment Trust allocated 5% of its portfolio to Pakistani equities, marking its return to the market after nearly two years. This move was influenced by Pakistanās impressive 84% stock market return in 2024, driven by factors such as a $7 billion IMF bailout, easing inflation, and a stabilizing economy.
šÆ Purpose of the Investment
BlackRockās investment aims to capitalize on Pakistanās undervalued market with strong growth potential. The countryās improving macroeconomic indicators and anticipated 40% gain in the KSE-100 Index for 2025 make it an attractive frontier market.
šµš° Impact on Pakistanās Economy
Such foreign investments can bolster Pakistanās economy by:
⢠Enhancing investor confidence ⢠Increasing foreign exchange reserves ⢠Stimulating capital markets ⢠Attracting further foreign direct investment
šØ Breaking: Donald Trump announces a 50% tariff on all EU imports, effective June 1, 2025, unless made in the U.S. He criticizes the EU for unfair trade practices and a $250M/year trade deficit.
First step towards regulating cryptocurrencies of Pakistan ā If this happens, cryptocurrencies will be legal in Pakistan but then it will also have to be taxed.
Karachi: A crypto currency trader was kidnapped in a police mobile and Rs 90 million was looted.
Manghopir police have registered a case under Section 365A34 of Kidnapping for ransom on the complaint of a crypto currency trader named Arsalan against four named, one unknown and five plainclothes police officers riding in a police mobile without a number plate. The investigation of the incident has been transferred to the Anti-Violent Crime Cell of the police.
According to the victim, Arsalan, he is a resident of North Karachi Sector Five-A-Four and is engaged in crypto currency business. He has an office in a private housing society in Manghopir. On December 25, at around 1:30 am, five plainclothes police officers riding in a police mobile entered the residential society and took me to the Sadar Passport Office after putting a chador on my face.
According to the plaintiff, the alleged police officers transferred $340,000 from my account to their various accounts at gunpoint using my mobile phone, reset my mobile phone and returned it to me, while also snatching Rs. 8,000 from my pocket. Later, they dumped me near the Quaid's shrine and fled, after which they reached home around 4 am.
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