Where is Supreme Court’s handling of constitutional crises taking us?
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This attack was declared an attack on the “global oil economy” by the Houthis which further ignited hike in the global oil prices.
After the defeat of PM Khan in the no-trust move, the market analysts were expecting further surge in the trading of shares amid the regime-changing scenario.
With the passage of time, dollar is shedding more value after restoration of National Assembly by the Supreme Court of Pakistan
Pakistani currency is expected to gain more value in the days ahead after political uncertainty vanishes in the wake of no-confidence voting being held tomorrow (April 9).
Since April 3, dollar-rupee exchange rate hit 190 rupees in the open market from earlier 179 to 180 rupees exchange rate. Thus, stock market and rupee were on the forefront in facing blow of the dismissal of the democratic system in the country.
Till 10:40am today, 100-index of Pakistan Stock Exchange has gained 261 points, mounting to 44,163 points. If the Supreme Court gave any reasonable decision today, it will revive a bullish sentiment in the stock market.
Mr Khan has struck a fatal blow to constitutionalism by tearing up the rules of the game rather than ‘playing till the last ball’