Global Market Impact Hits Pakistan: Benchmark Index Falls 5%

Pakistan’s benchmark share index experienced a significant 5% slump on Monday, driven by ripple effects from a sharp downturn in global markets.

Last week, Pakistan’s benchmark index saw a notable rise, fueled by the government’s decision to slash energy tariffs for both domestic and industrial users. This positive movement in the local market stood in contrast to the global economic landscape, which faced turbulence due to the U.S. implementing new trade tariffs on multiple countries.