Financial investments and capital gains
Short-term capital gains do not bode well for the growing economy where millions are underemployed or unemployed LAHORE: The current macroeconomic environment is promoting a private debt-financed consumption boom through new borrowing at a low policy rate. People have increased consumption by borrowing through commercial banks. They have been buying consumer durables for the past two years. This consumption is also supported by a boom in the stock market as the PSX index hovers around 176,000. The index has jumped to around 52% in calendar year 2025. Rising stock prices create a sensation among investors and they perceive themselves as
