Economist Abid Suleri's analysis on PSX bloodbath
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00:00 Pakistan stock market
00:02 is experiencing a sharp decline.
00:04 What are the reasons behind this?
00:06 Basically,
00:08 all the economic
00:10 signs and
00:12 inflationary trends
00:14 like dollar prices
00:16 and electricity
00:18 and petrol and diesel prices
00:20 are increasing.
00:22 Overall, the market sentiment is negative.
00:24 We are also seeing that if
00:26 inflation increases, interest rates
00:28 will also increase.
00:30 In this situation, the crash
00:32 in the stock exchange market
00:34 was expected to a large extent.
00:36 When panic buying of dollars
00:38 starts and people start
00:40 moving towards dollarization,
00:42 then the stock market
00:44 is impacted.
00:46 But we should keep in mind that
00:48 on 12th July...
00:50 What should be the steps
00:52 to improve the situation
00:54 and reduce the spread of despair?
00:56 The government should
00:58 come forward and tell the people
01:00 that Pakistan is in the IMF program
01:02 and to save itself from the
01:04 balance of payment crisis,
01:06 the IMF is available.
01:08 There is no need to panic.
01:10 The inflows of $28 billion
01:12 that were negotiated
01:14 with the IMF,
01:16 people should be
01:18 confident about them.
01:20 If the atmosphere of trust
01:22 is maintained,
01:24 then the election
01:26 will be held on a political
01:28 and political level.
01:30 The election date will be
01:32 announced after 6 months,
01:34 9 months or a year.
01:36 The election commission
01:38 should announce a date
01:40 so that our domestic
01:42 and international investors
01:44 know the date
01:46 they will be talking to.
01:48 Accordingly,
01:50 confidence will increase.
01:52 We need to maintain
01:54 trust on a political
01:56 and economic level.
01:58 [NON-ENGLISH SPEECH]