JP Morgan International has recommended its clients to invest in Pakistan so that they could benefit from the improved economic situation.
In a Research Report Published and Circulated two days back, The Middle East & North Africa Emerging Markets Research team of JP Morgan has given ‘Buy’ stance with a Medium weight to 3-Years Euro bond of Pakistan at the rate of 8.25%.
The research highlights ‘Credit Positive’ developments of Pakistan including modest economic recovery amid COVID19 and favourable IMF developments.
In this regard, Information and Broadcasting Minister Farrukh Habib said in a tweet on Thursday that the One of the World’s largest investment institutions in a recent report predicted Pakistan’s gross domestic product (GDP) growth at 4.7 percent for fiscal year 2021-22 (FY22).
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