KARACHI
Karachi Stock Exchange (KSE) on Monday crashed over 1300 points over the political turmoil in Pakistan, a private news channel reported.
In the first two hours of the Monday’s trading, stocks fell over five per cent with KSE-100 tumbling to 1310 points and trading at 28,126.38.
The investors were seen selling in panic their overbought shares, while the buyers appeared reluctant.
According to analysts, the stocks crashed due to uncertain political situation in the country with Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) announcing a Azadi/Revolution march to oust the government on August 14.
The loss to all these investors is due to the stupid statements of Imran Qadri. This loss should be recovered by selling the personal property including 300kanal Banigala Palace, Zaman Town Bungalow, Agricultural Lands at Mianwali, Model Town Bungalow and a motorcade of bullet-proof SUVs.
Interestingly, all this wealth is tax evaded because Imran paid hardly a tax of Rs 194,936/- only (source: http://download1.fbr.gov.pk/Docs/201469962916404P… whereas Qadri didn't pay any tax!
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