Economic and Environmental Shifts in Pakistan & Stock Market Boom and Persistent Smog Crisis, Finance Passage
Economic and Environmental Shifts in Pakistan & Stock Market Boom and Persistent Smog Crisis, Finance Passage
Introduction It is observed that Pakistan faces dual challenges, both economic and environmental , as the country navigates new highs in the Pakistan Stock Exchange (PSX) while simultaneously grappling with a seasonal public health crisis stemming from severe smog. The economic surge seen in the PSX signals optimism in financial markets, yet this is countered by intensifying air pollution, particularly in cities like Lahore. Addressing these issues is essential for Pakistan’s continued development and public well-being. Stock Market Surge and Economic Optimism Recently, the PSX achieved significant gains, with the KSE-100 index climbing over 1,100 points in intraday trade , reaching a historic benchmark of 90,000 points. This remarkable growth was spurred by investor anticipation of a rate cut in the forthcoming Monetary Policy Committee (MPC) meeting , scheduled for November. As the central bank considers reducing rates to stimulate economic activity , financial experts predict a minimum rate c…
