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Economy
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“MSCI Pakistan Indexes will be reclassified from EM to FM in one step coinciding with this index review,” the statement reads.
According to details, 3 Pakistani securities will be added to the MSCI FMI at an aggregate weight of 1.25%.
According to some financial experts, the PSX reclassification in FMI would support companies to regain their share prices.
The US dollar is being black-marketed in the open markets in Pakistan at 178 rupees in the absence of a check and balance system.
This planning was discussed in the recent meeting of the Cabinet Committee on Energy (CCoE), held on Thursday (Nov 11).