Karachi stock market crashes 1300 points

[Zafra]

Re: Karachi stock market crashes 1300 points

@Silaaj

You pre-emptively calling my views as ‘bull****’ and asking for a yes or no answer implies that you come in with a pre-conceived notion, and have no intention of reading through facts. You are more than happy to look at numbers that belie reality, and sell rubbish to what is largely an uninformed population.
The sad state of affairs in our country is that when Ishaq Dar comes out and says ‘we are selling this bond’ or ‘we are getting this loan’, or ‘we have received $50 billion in investment from xyz’, Pakistani public usually doesnt have the brains (or the time) to question the cost of these sales or so-called investments. When someone questions them, they are called enemies of the state. I call them enemies of the estate (Sharif estate, that is). Take a look at what similar moves by this very same govt resulted in 1993 and 1998.

But then again, forget it.

I care little for Ishaq Dar or what he stated. Any economist worth his salt knows that a drop of 1300 points is not as you stated “Black money is being pulled out of the market, and the market is dropping back to reality.”

That is bull****. You know that. I know that. Every economist on the planet knows that. However I would like you to prove that statement to be a fact. How do you account for every single paisa that was in the stock market being black money and all of it was just pulled out.