Turbulent week: PSX drops 4,340 points
Listen to the article KARACHI: Pakistan’s stock market faced a turbulent week, with the KSE-100 index closing at 113,247 points — a sharp drop of 4,340 points (-3.7%) on a weekly basis. This downturn has stemmed from institutional profit-taking, political uncertainty and recent tax amendments that limit non-filers’ participation in the Pakistan Stock Exchange (PSX). Despite these challenges, some positive economic indicators emerged, including the World Bank’s expected approval of a $20 billion loan package, the UAE’s $2 billion debt rollover and a 33% year-on-year increase in remittances to $17.8 billion dollars in the first half of FY25. In addition,
