BHarwana
MODERATOR
- Joined
- Sep 24, 2016
- Messages
- 24,827
- Reaction score
- 20
- Country
- Location
Good.
I believe my words were the pakistani stock market is undeveloped. It doesn't necessarily reflect the ground reality. However, when you combine this crash with your horrible balance of payment and Forex amongst other declining indices, it paints a very bleak picture of your economy.
It is an undeveloped market so no one is looking at it seriously. But, as my above comment points out in combination with other evidence it isn't a good sign.
I am not going to blame this crash on external forces just like Indian Govt but instead this crash came because of Pakistan's own economic policy. Pakistan is bringing heavy taxes on imports and going to help exports so markets will dip dew to import related business activity going down. The money will be reinvested in export related business and this stabilizing the market. This is an expected crash nothing to worry about.