Amid the indecisiveness of the current government led by Shehbaz Sharif over the deal with the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) endured a bloodbath in the first minutes of trading on Monday after shedding 1,061 points, ARY NEWS reported.
According to the data, the KSE100 index fell below the 43,000 mark after losing 1,061 points earlier in the day.
The PSX is trading at 42,224 after investors dumped their money amid growing uncertainty over the government’s decision to ask the IMF for a $1 billion tranche.
The federal government of the Nawazled Pakistan Muslim League has decided not to hike fuel prices, a key call for reversing unfunded subsidies from the International Monetary Fund (IMF) to release a $1 billion tranche.
Miftah Ismail said the government would not raise fuel prices, adding that it would hold talks with the International Monetary Fund (IMF) on reviving the loan package to Pakistan.
