The skyrocketing inflation and trade deficit in the country took the Pakistan stock market. The market crashed with a decrease of 2053 points in the Hundred Index. Billions of rupees of investors sank. The Hundred Index is trading at the level of 43,315.
Economists and analysts have blamed skyrocketing inflation and a possible trade deficit and possible rise in interest rates for the stock market’s stagnation. Experts said that due to rising inflation, interest rates may rise, the market is declining due to fears of rising interest rates while the trade deficit has also reached record levels.
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Senior journalist and anchor person Kamran Khan Kamran Khan wrote in his tweet that the Pakistan Stock Exchange is like a disaster, the market fell by 2,000 points and 4%. Kamran Khan attributed the decline in the market to a 162 per cent increase in the trade deficit in November, a sharp rise in the secondary market rate and a 15 per cent devaluation of the rupee in five months. He wrote that the national debt has reached Rs. 50 trillion which has increased by Rs. 20 trillion in 3 years.
How will Imran Khan defend that during his three years in power, the debt burden on every Pakistani has increased from 133,000 to 235,000 and the debt of the government of Pakistan has reached Rs. As I grew older, the size of the kashkool increased https://t.co/Zy6w9HKIzJ
– Kamran Khan (ajAajKamranKhan) December 2, 2021
Kamran Khan had earlier written in a tweet how Imran Khan would defend that the debt burden on every Pakistani during his three years in power has increased from 133,000 to 235,000 rupees. He wrote that the debt of the government of Pakistan has gone up to Rs. 50 trillion, of which Rs.
Disaster in Pakistan Stock Exchange 2000 points 4% Ground Bow Reasons: Trade Deficit Shattered In November 162% Increase Secondary Market Interest Rises Sharply 15% Rupee Depreciation in Five Months Further Depreciation
Domestic debt reached Rs 50 trillion
20 trillion increase in three years– Kamran Khan (ajAajKamranKhan) December 2, 2021
Shahbaz Rana, a senior journalist who keeps an eye on the economy, also attributed the rise in trade deficit and skyrocketing inflation to the stock market stagnation. Shahbaz Rana wrote in his tweet that the stock market was once again bathed in blood. The market has fallen by 2,000 points so far. The huge increase in trade deficit and inflation is skyrocketing. The people do not believe the words of the top officials.
Govt’s A team is missing from the scene In the middle of another Stock market blood bath with market so far going down by 2000 points, massive surge in trade deficit and skyrocketing inflation.people are not believing in what high office holders are saying, what to talk about B team
– Shahbaz Rana (@ 81ShahbazRana) December 2, 2021
Senior journalist Rizwan Razi has claimed that for the first time in the 74-year history, the stock market has seen a loss of 2,000 points in one day.
Congratulations, congratulations, congratulations
For the first time in the 74-year history of the country
In one day, the stock market has dropped by 2,000 points.
J. of Mahatma Niazi3
– Rizwan Razi ™ (alrealrazidada) December 2, 2021