Islamabad: The intensity of India’s multiple air strikes, deep inside Pakistan, was felt across the country. The impact was seen in Pakistan stock market too which plunged below 39,000 points for the first time in the last 32 sessions on Tuesday. According to Dawn, Karachi Stock Market-100 index which opened weak with a loss of 184 points in the first half hour plummet 785.12 points to close at 38,821.67.
It was the largest decrease in the last 55 trading days. In addition to the non-military pre-emptive strikes by India, the following remarks by Pakistan Foreign Minister Shah Mehmood Qureshi had only created uncertainty and fear among the investors.
“The foreign minister’s comment that Pakistan will respond to India’s act of aggression at times and place of its choosing has put the market and investors in a state of uncertainty and fear, which might take some time to recede,” the website quoted an anonymous trader as saying.
Double-bind Pakistan, which first denied any attack on its soil by Indian Air Force and then vowed to give a response to India, hurled several meetings involving top military and government officials immediately after the attacks.
