DJ_Viper
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Reserves cross $23 billion: Dar
July 01, 2016, 6:57 pm
This is good for Pakistan. Even the Western media highlighted the reserves situation, and the taxation revenue increase as the highest ever in the entire life of Pakistan. There was a small report on CNBC yesterday in business news. They predicted that Pakistan's stock market might double (again) in the next two plus years (granted peace, and stability remain in-tact inside Pakistan), and with emerging market status, the Pakistani ETF's have resulted in over $ 1.5 billion profit year over year for the past three years to global investors.
They also mentioned that with curbing down the Real Estate fraud, which is a 3+ Trillion dark-economy right now, additional taxation worth around half to one trillion may be achieved, along with including additional 3+ trillion rupees into the formal economy. Which would boost up the size of the "formal" economy overnight (once big fish abusing the real estate market are brought into the Taxation system this year). These are extremely positive news and will result in billions of additional investments into Pakistan's stock market. Good work and a bright future is coming finally to Pakistan.