PSX crashed at epic proportions (2100 points)after imposition of new taxes

[ziaulislam]

Welcome to porana pakistan
I am hoping country bankrupts next
Evwryone needs to be reminded khata hey tu lagata hey doesnt work

More like in KPK when people were reminded of american war karnage and thus destroying MMA & ANP for ever

Cant even keep up the count since these gang of thugs took office how many times the stock exchange has crashed and how many times the dollar has shot up and petrol rocketed.

put aside 35 years of destruction vs this 2 months of destruction. they're off to make a new record.

Shock is higher because all the good things that brought investment and manufacturing boom are being rolled back

Good luck suckers..

Real estate is already oversaturated in Pakistan. Thats why Pakistan has a huge economy, but barely any exports. Wealthy people come to the country to invest and are advised to park their money in land rather than anything productive. Housing societies are springing up in every city and town, but theres barely any factories being built.

Another thing is that feudalist politicians like NS and Zardari will never allow land reforms or taxes, whereas ordinary industries will have to deal with more taxes as well as poor electricity supply, poor governance, and massive red tape in order to function.

Because govt actively blocks any manfactuting

We saw it happend twice
2008-09
2022

Noone can fix it now as any small hope is shattered
Unless there is a revolution which itself id also bad

Untill there is hint of army controlling things nothing will work

 

[HttpError]

People who invest in PSX should also consider investing into Crypto as both have same volatility levels.

But one a brighter side your USD doesn't hit rock bottom like PKR, so good time to buy the dip for Bitcoin and Ethereum.

 

[Olympus81]

“Khata hai to lagata bhi hai” has become “khata hai to khata bhi hai”.

Tax collection will reduce as a result of this move as even lesser entities will pay tax.

Bankruptcy coming soon.

 

[SoulSpokesman]

My advise to all Pakistani friends here would be to be invest in KSE's top 50. Best time to invest in equities is when it looks all bleak.

Regards

 

[MIRauf]

Alas!
Why is life so hard?

Cuase one has to go through 'HELL' to get to 'HEAVEN.'

 

[ziaulislam]

“Khata hai to lagata bhi hai” has become “khata hai to khata bhi hai”.

Tax collection will reduce as a result of this move as even lesser entities will pay tax.

Bankruptcy coming soon.

I think this is needed
Unless the country burns down this khata hey tu lagata hey mantra wont go away

Imagine if PMLNb was here in covid

 

[Olympus81]

The current setup is unsustainable. A complete reset is required, even if it means bankruptcy.

 

[Waterboy]

this is what happens when there is no political stability... that's the first requisite !

It's a complete circus. PTI in power, N making a ruckus. N in power, PTI on steriods with container politics and what not...

 

[Acetic Acid]

Meanwhile those responsible for the crash

 

[Mugen]

Lanti generals agenda is clear, destruction of Pakistan, but who dare stop them? Looks like the rest of the army is too panzy, or useless to do anything about it either.

 

[Genghis khan1]

 

[Genghis khan1]

Meanwhile those responsible for the crash
View attachment 856437

Look at his and his old lady face, jasy falstine fatha kiya ho

 

[Dil_Pakistan]

https://twitter.com/x/status/1540276663614840834

 

[Rana4pak]

 

[maithil]

https://twitter.com/x/status/1540232414076747776

If true, say goodbye to any new investments in industry. 55% tax.. Only a mad person would even think about investing.. On top of this currency fluctuations and very high interest rate.

Looks like perfect plan to deindustrialize the nation. Will make industrialists and HNI flee the country .