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  • 2 years ago
Sharp decline in the stock market |
Transcript
00:00 and after the elections, obviously, the political situation will be resolved. But the first day of the business week, which passed yesterday and today, we are seeing a sharp decline.
00:11 Absolutely. In the Pakistan stock market, there is a sharp decline, not a sharp decline. And the 100 index was below the psychological limit of 60,000.
00:21 After the elections, the 100 index has fallen below 4,500. Today, after a 1432 point decline, the index is trading at 69,633 points.
00:35 And the experts say that the unexpected results in the general elections have reduced investors' confidence.
00:45 And obviously, the government that will be formed will face many challenges. Especially, the IMF has announced that it is not happy with the government's loans.
00:57 So, the investors are in trouble and they are selling large oil and gas companies. So, this is also a situation.
01:04 And obviously, the coming government will have to make a new agreement with the IMF. So, these are some of the challenges for which a government or an economic team is necessary.
01:15 On which all the parties should make a consensus and a government. Because without any doubt, the performance of the loan sharks is not happy.
01:23 They have said it directly that do not take the name of Uncle Dar.
01:25 They are the poster boys for the economy. So, this is a phase that has to be decided. I hope that this discussion will not only be about the Prime Minister sitting in the opposition.
01:37 It will also be about the economic team. Because the economic statements also matter a lot. What is the vision of the economy?
01:44 What will you give to the people? How will you bring stability to the country?
01:47 And along with this political crisis, we saw that the way the dollar fluctuated, the price of oil kept increasing, then we saw that the dollar was tried to control to a large extent.
01:59 Smuggling was tried to stop it. But this can be a temporary step. We will have to think in the long term. What are the plans for the economy?
02:09 Absolutely. Stability is very important for this year. Because the economic challenges are absolutely rising.
02:17 Who will look into the eyes and put it? This will have to be seen now. What situation will be created and who will be able to fix the economy?
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