Free and fair elections
ISLAMABAD: The United States has once again affirmed its support for free and fair elections in Pakistan, with a focus on benefiting the country’s people.
State Department Principal Deputy Spokesperson Vedant Patel emphasized this stance during a media briefing on Monday.
Patel was responding to a question regarding concerns about the fairness of the upcoming elections in Pakistan, especially in the absence of former Prime Minister Imran Khan, who is considered a popular leader by many analysts.
In response, the spokesperson stated that the U.S. does not assess the candidates’ composition or the representation of specific political parties. He underlined that such matters are for the people of Pakistan to determine, reiterating the U.S. commitment to ensuring and supporting the conduct of free and fair elections for the benefit of the Pakistani people.
The Stock Market Crossed 54270 Points For The First Time Amid Bullish Sentiment
Meanwhile, the Stock market in Pakistan set another record as it crossed 54270 points on Tuesday morning.
The KSE-100 benchmark index hit 54,276 points with a 415-point gain on Tuesday till 11:55 am.
Positive discussions with the IMF and the election date announced on the intervention of the Supreme Court boosted the stock market sentiment.
The volume of shares traded at PSX amounted to 116.66 million involving 6.7 billion rupees.
If the talks with the IMF conclude on a positive note, it will further give a boost to stock market trading.
Pakistan’s economic team and the IMF officials have been holding talks since November 2, 2023, over the economic evaluation of the country under the Stand-by Arrangement.
Meanwhile, on Tuesday, international experts said that Pakistan’s red-hot stock market is nearing the brink of overheating, with a widely monitored momentum indicator reaching its highest level in 18 years.
