*PSX lost 3,596 points during the tenure of PM Shehbaz Sharif’sgovernment. *The country’s economic woes becoming deeper as the PML-Ngovernment has failed to deliver to the masses after coming into power. ThePML-N used to make tall claims before getting the federal government butnow the situation is becoming alarming.
When the PML-N-led federal government came into power the US dollar was atRs182. The rupee has depreciated Rs13 against the greenback so far.Similarly, the stock market which was handed over to the PML-N at 46,407has depreciated by 3,596 points and on May 12 its total volume was recorded$37.8 billion.
During the so far tenure of PM Shehbaz Sharif’s government, the market haslost almost $4 billion due to political instability and lack of will fortimely decisions by the PML-N govt.
The Pakistan Stock Exchange (PSX) witnessed a bearish trend throughout theweek and lost 1,354 points during the trading week that ended on Friday.
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Meanwhile, the rupee continued its losing streak after it shed Rs1.47against the US dollar owing to the indecisiveness of the government torevert fuel subsidies, a major demand of the IMF for the release of $1billion tranche
