KARACHI: The economic downturn that started due to the political situation in the country has now largely subsided and after the success of the no-confidence motion against former prime minister Imran Khan, the Pakistan Stock Exchange is also witnessing a positive trend.
The Pakistan Stock Exchange has seen a positive trend since the beginning of trading today and on one occasion the 100 Index has seen an increase of more than 1600 points.
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The 100 Index gained more than 3.61 per cent and the market crossed 46000 points.
On the other hand, in the interbank market, the dollar depreciated further by Rs1.68 to Rs183.
Meanwhile, after the election of the new prime minister of the country, the oath taking ceremony will also be held today.
Sources said that the newly elected prime minister will take oath of office today after the election of a new Leader of the House by the National Assembly.
Sources said that President Arif Ali will take oath from the newly elected prime minister for which preparations are underway for the swearing in ceremony in the Presidency.
It should be noted that after the success of the no-confidence motion, Imran Khan ousted from the post of prime minister and today the National Assembly will elect the 23rd Prime Minister of the country.
Yesterday, the National Assembly Secretariat rejected the PTI’s objections and accepted Shehbaz Sharif’s nomination papers for the PM’s office.
PTI lawyer Babar Awan raised constitutional objections on Shehbaz Sharif’s nomination papers, saying that cases were registered against Shehbaz Sharif and Article 233 gives the power to accept or reject nomination papers in three places.
