Pakistan stock market crashes after PM Shehbaz Sharif announces 10% super tax on large-scale industries
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The Pakistan Stock Exchange (PSX) on Friday witnessed a bloodbath immediately after Prime Minister Shehbaz Sharif announced a super tax on large scale industries. The benchmark KSE-100 index opened in the green in line with its positive trend a day earlier; however, it soon plunged a massive 2,053.35 points or 4.81 per cent, Geo News reported.