J.P. Morgan Explores Investment Opportunities in Pakistan: A High-Level Engagement In a significant move towards enhancing foreign investment, Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held a high-level meeting with a delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan. The meeting, which took place on Wednesday, focused on the potential for fixed-income …
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Government to Overhaul Bilateral Development Financial Institutions Amid Allegations of Nepotism
The Pakistani government has decided to overhaul bilateral development financial institutions that have become hotspots for nepotism, following the appointment of favored bureaucrats to their boards. These board members reportedly receive up to $5,000 (Rs1.4 million) per meeting in fees. Focus Shift from Primary Role to Government Debt Investments Instead of adhering to their primary role of providing loans to …
Read More »Foreign Investment in Pakistan Stock Exchange Hits Historic Low Despite Recent Surge
Decline in Foreign Investment Foreign investors’ stakes in companies listed on the Pakistan Stock Exchange (PSX) have plummeted to a historic low of 3.7% ($491 million) of the total value of publicly traded shares by the end of June 2024. This marks a significant decrease from 28.7% ($2.97 billion) in FY17. The decline has been attributed to economic and political …
Read More »TotalEnergies Sells Stake in Total Parco Pakistan to Gunvor Group
Introduction In a significant shift in Pakistan’s energy sector, French oil major TotalEnergies has announced its decision to sell its 50% stake in Total Parco Pakistan Limited (TPPL) to Gunvor Group, a global commodities trader. This transaction, which is pending regulatory approvals, signifies a strategic realignment by TotalEnergies to concentrate on core geographies with growth and transition opportunities. Details of …
Read More »MSCI Expected to Add Pakistani Companies to Frontier Market Index
Morgan Stanley Capital International (MSCI) is anticipated to expand its global Frontier Market (FM) index to include four additional Pakistani companies in its upcoming Quarterly Index Review (QIR) next month. This expected inclusion, driven by a rise in share prices, is likely to attract significant foreign investment, given the index’s influence on global investment decisions. The four companies projected for …
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