Rs300 bn losses at KSE due to political crisis, Dar claims

Published
33

Finance Minister Ishaq Dar on Wednesday claimed the ongoing political crisis has caused Rs300 billion worth of losses at the Karachi Stock Exchange.

Addressing a press conference held at the finance ministry, Dar argued that the current political crisis was an "attempt to destabilise the country".

"Imran Khan knows very well that his demands [for caretaker setup] are unconstitutional; the prime minister cannot be removed according to his wishes" Dar stated.

The finance minister made it clear that Imran and the Azadi March would be dealt with politically, while Tahirul Qadri would be dealt administratively.


On PTI's white paper


Dar termed the PTI's white paper on the financial budget "a pack of lies".

He said the budget carried relief measures for all segments of society, particularly the youth. He also said the country’s economy has over performed over the last year. He argued that the budget carries not only measures for the promotion of industrial and business activities, but also for the agriculture sector.

The finance minister said five hundred billion rupees had been allocated in the budget for disbursement of loans among the farmers, aside from a subsidy given to them on other agriculture inputs.

"The budget is pro-elite, just as it is pro-people", Dar said.

Opinion

Editorial

Electoral reform
Updated 04 Nov, 2026

Electoral reform

The real problem is the gulf between the statute book and what happens on polling day, not the laws.
Competing demands
04 Nov, 2026

Competing demands

THE climate crisis is becoming harder to confront as the world develops new ways to consume scarce resources. At an...
Belated meeting
Updated 04 Nov, 2026

Belated meeting

Whether it is Imran Khan, his family members, or other incarcerated political leaders and activists, the state should not deny them their rights.
An opening
Updated 03 Nov, 2026

An opening

If this brief opportunity for peace is wasted, sparking a wider conflict, the blame will rest squarely with the US president and the bloodthirsty Zionist regime.
Pakistan’s G-24 role
03 Nov, 2026

Pakistan’s G-24 role

PAKISTAN’S new role as chair of G-24 comes at a crucial moment for the Global South. Developing nations are...
Learning from polio
03 Nov, 2026

Learning from polio

THE eighth polio case of 2026, involving a 13-month-old girl from Khyber’s Bara tehsil, raises an important...