Pakistan’s market has captured the attention of global investors amid its heightened tensions with India, US publication Barron’s reports.

Over the past two years, the country has seen a “macroeconomic miracle”. While inflation was down from 40 per cent annually to near zero, Eurobonds maturing in 2031 rose from 40 cents on the dollar to 80 cents. The KSE-100 index has also tripled.

The government reached a “stabilisation agreement” with the International Monetary Fund last September with the lender approving a $7 billion Extended Fund Facility (EFF). Over $2bn has already been disbursed.

“Pakistan is a good story,” Genna Lozovsky, a........

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