Here's what you need to know about emerging markets this week, from the WSJ
News and analysis on the frontier markets
Pakistan’s Supreme Court removed Prime Minister Nawaz Sharif from office following an investigation into allegations of corruption, plunging Pakistan into a new phase of political turmoil, Saeed Shah reports. The court disqualified Sharif on Friday for not being “honest”, a requirement for lawmakers under Pakistan’s constitution. The court also ordered a corruption trial against Sharif, whose family is accused of amassing wealth through corrupt means and purchasing expensive overseas properties with that money. Sharif stepped down as prime minister immediately following the verdict. Hasnain Malik, global head of equities research at Exotix Capital, said the move wasn’t necessarily negative. “We do not view the prime minister and his family as central to the improvements in security nor to the implementation of key initiatives such as the China-Pakistan Economic Corridor,” he said. He also noted that the development signals to investors that governance standards in Pakistan are impro...
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