How Pakistan Economy Affected After The Arrest oF Imran Khan?

The telecom companies lost 82 crore rupees in two days

In Pakistan on Tuesday, after the arrest of Tehreek-e-Insaf Chairman and former Prime Minister Imran Khan, protests and violent incidents increased the political tension and crisis in the country, but this situation also affected the country’s economic sector.

According to economists, although the situation in the economic sector was already thin due to the delay in the agreement with the International Monetary Fund, the IMF, the political and security situation in the last 48 hours has added fuel to the fire.

And the negative impact of this has resulted in a historic decline in the Pakistani currency against the dollar along with a sharp bearish trend in the country’s stock market, due to which the dollar is currently at an all-time high of 300 rupees.

The price of gold in the country has also reached its highest level in the last 48 hours, along with this, the economic activities have also been severely affected due to the internet shutdown.

Although the stock market of Pakistan was already negative due to lack of encouraging developments in the economic sector, the arrest of the former prime minister and subsequent violent incidents in the ongoing protests further fueled these negative trends.

An hour after the arrest of Imran Khan, the Karachi Stock Market index fell by 450 points and on Wednesday it further decreased by 300 points.

On the other hand, the country recorded further depreciation of the rupee against the dollar.

After the one-hour rise in the dollar rate on Tuesday, the rupee saw a sharp decline on Wednesday, when one dollar gained five rupees to close at Rs 290, the highest level in the country’s history.

According to the news in the media of Pakistan, where the economic activities affected due to the shutdown of the Internet, the telecom companies lost 82 crore rupees in two days, while on the other hand, the government lost 28 crore rupees in tax revenue. The damage done.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top