KARACHI – Pakistan Stock Exchange suffers big losses on Thursday asForeign investors offloaded stocks worth $1.83 million on Wednesday.
On the economic front, the International Monetary Fund (IMF) has statedthat Pakistan’s public debt may surge to 78.6pc of GDP, which is “not onlyhigher than the previous year but is also violates an act of parliament”.
Moreover, as per media reports, in a meeting between the Commerce Ministryofficials and IMF staff, the Fund has stressed the need to simplifyPakistan’s taxation system. The team, however, was satisfied with thereduction in the trade deficit.
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Shedding 444.12 points, the KSE-100 Index recorded an intraday low at33,836.97. It closed lower by 382.53 points at 33,898.56. The KMI-30 Indexdeclined by 657.48 points to settle at 54,200.07, while the KSE All ShareIndex lost 223.34 points, ending at 24,589.99 points.
