KARACHI -- Pakistan, the world's sixth-most populous country, has embarked on a high-growth trajectory.
The nation of around 200 million people posted gross domestic product growth of 4.7% in the fiscal year that ended in June 2016, and the economy is predicted to expand by 5% or more this fiscal year. The outlook for growth encouraged Morgan Stanley Capital International to upgrade the Pakistan Stock Exchange last June from Frontier Market to Emerging Market status.
