KSE 100 Index: IMF loan uncertainty caused 176 points decline

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The KSE 100 Index dropped by 176 points as there is still uncertainty over the IMF loan.

KSE 100 Index reached to 41,367 points after losing 176 points. KSE 30 Index also declined by 121.9 (0.61%) and reached at 19,917.61 points.

Stock market has seen a tough trading session as uncertainty still lies over whether Pakistan will or will not avail IMF loan. However, the IMF delegation is in Pakistan to discuss about the provision of IMF bailout to Pakistan.

Earlier, Finance Minister Asad Umar revealed that the government is holding several talks with IMF delegation. He further added that the stage to discuss IMF loan conditions is yet to come as the delegation is in Pakistan for long duration.

Asad Umar said that if IMF conditions are not in country’s interest, then the government will not accept them. The arrangements up till made are that Pakistan doesn’t require to bend over should IMF set strict conditions.

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