Businessmen termed 2022 as Pakistan’s economy’s worst performing year. The interest rate increased to 16%, which is the highest since 1998–1999, and the country’s currency lost Rs49.31 in value when compared to the US dollar.
Additionally, the consumer price index (CPI) is presently hovering around 25% while inflation is in the double digits. The average Sensitive Price Index (SPI) for the first five months of FY 2023 is roughly 28%.
Traders are feeling the brunt of the economic downturn, with many reporting significant losses in their portfolios. The stock market has been particularly volatile, with sharp fluctuations in prices causing uncertainty and anxiety among investors.
In addition to the economic challenges, traders are also grappling with changing market dynamics. The rise of e-commerce and digital platforms has disrupted traditional business models, and many traders are struggling to adapt to the new reality.
Despite the challenging environment, some traders are managing to weather the storm by embracing new technologies and exploring new markets. For example, some are turning to cryptocurrencies as a way to diversify their portfolios and hedge against market volatility.
