LAHORE , May 13, 2023: The economy of Pakistan continues to be affected and the violent protests in the wake of Imran Khan’s arrest have made matters worse.
Due to the upward trend in dollars, loans have increased by Rs252 billion while negative trend is also visible at the Pakistan Stock Exchange with investors losing almost Rs62.6 billion at the PSX due to the reduction of 342 points and 273 points in the KSE100 and KSE30 indexes.
Particularly, after Imran Khan’s arrest, PSX lost Rs57 billion and Rs54.9 billion on May 9 and 10, respectively. Meanwhile, given the rise of dollar, the total value of PSX decreased to $21.7 billion from $22.9 billion.
The investment showed positive trend after Imran Khan’s arrest was declared illegal by the top court on May 11 when there was an increase of Rs26.8 billion. The trend remained same when the IHC gave Imran Khan relief in various cases with increase of Rs23.2 billion in the PSX’s investment.
In terms of gold, the per tola gold has been raised by Rs14,000 and touched all-time high of Rs236,000 and the 10-gram gold has also witnessed an increase of Rs12,000.
In terms of currencies comparison, before Imran was bailed out, the rupee depreciated by Rs15, Rs17, Rs4 against dollar, British pound and Saudi Riyal respectively.
The trend turned positive after the bail of Imran Khan when the dollar, British pound and Saudi riyal depreciated by Rs14, Rs19 and Rs4.