Pakistan’s soaring stocks belie dire economic facts

The headline-grabbing rally in Pakistan equities is both sensational and questionable. Pakistan’s KSE-100 Index has registered a nearly 50% surge since late March, but it is not just impressive because it’s Asia’s top-performing stock bourse. It comes eight weeks after a deadly shooting at the Pakistan Stock Exchange in Karachi. On June 29, four gunmen stormed the exchange […]