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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
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Malaysia’s CIMB Group and China Galaxy Securities Co said they are in talks to form a 50:50 joint venture for their stockbroking operations. -
A frontier market that was flirting with insolvency just three years ago, is now in rude health. Investment is flooding into Pakistan from China, the West and the Gulf, attracted by high returns, rising stability and an economy underpinned by strong growth figures and a pro-business government.
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Chinese investment has transformed Pakistan as an FDI destination. With the number of terror attacks falling and the northern borders about be opened up, Pakistan will become a major trading nation in the decades ahead, further boosting inflows of investment capital.
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Pakistan is set to become one of the world’s great economies, benefiting the $46bn China-Pakistan Economic Corridor, which will link Beijing with the Indian Ocean overland for the first time. An influx of Chinese — and global — capital will boost growth and foreign direct investment, buoy the construction sector, and help transform Pakistan from a nation of separate and often fractured provinces, into a single, co-ordinated, consolidated country
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Pakistan’s banking sector is in its best shape for years, as bad loan ratios fall, capital adequacy and profits rise, and new legislation allows lenders to process a logjam of bad assets that has long bedevilled the system
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Pakistan has long been considered an energy-poor nation. But oil, gas and coal finds, offshore and onshore, and major new port facilities and pipelines stretching the length of the country, could be set to transform the South Asian sovereign into a major energy player of the new century.
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