03-10-2005

Pakistani Investors Take One Day at a Time

via www.courant.com

Investment money has flowed in from expatriate Pakistanis around the world, local citizens seeking higher returns than fixed-income choices and speculators taking a chance on the nation’s future. Large sums of U.S. money pumped into this U.S. ally have improved its balance of payments. In response to requests from the International Monetary Fund and the Asian Development Bank, codes of corporate governance were also enacted to regulate Pakistan’s exchanges and listed companies.