Islamabad:
The ongoing tension with India has shook the trust of investors in Pakistan badly, since 2023, the country has definitely established the country to record its worst performance in the stock.
With the possibility of an all-out war on the border, the Pakistani stock market has reacted negatively by registering a big fall in rupee and dollar bonds in April and by underperforming a large-scale underporing compared to its counterparts.
Pakistan’s Information Minister Attaula Tarar announced in the midst of Wednesday’s early night that India could attack the country within the next 24 to 36 hours, as well as affect business with negative response to war development and fear.
“The approach in the near period is uncertain, so we can expect further weakness because in addition, the US tariffs are an overhang.”
“Any de-size of stress will clearly pacify the nervousness of investors, which is about delicate relations between the two countries and we can expect a small rally in bonds and equity prices,” Haggar said.
Investors have lost at least four percent during the month of April, while equity is three percent less. In comparison, India’s wealth has been largely disqualified.
New Delhi has accused Islamabad of being involved in the Pahalgam terror attack, claiming the lives of 26 innocent civilians. It declared Pakistan’s Defense and Security Advisors as personality non -Grata in its High Commission in India, released a deadline for Pakistan citizens in India to leave the country, cut diplomatic staff in Islamabad, closed the attic border and suspended the Indus Water Treaty (IWT).
Pakistan has denied any participation in the attack and responded with mutual measures with India’s declarations, besides suspending its airspace for Indian airlines, a step that has now been obtained mutually obtained by India.
Since the incident in Pahalgam, both sides are flexing their military muscles along the Line of Control (LOC), engaging in exchange for heavy fire.
Global powers, including the United States, have called for both sides to show restraint and de-suscule tension.
The ongoing tensions are being pressurized on Pakistan’s financial market as the international bonds fell more than one percent on Wednesday after fearing an Indian attack within the next 24 to 36 hours.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
