Financial institutions fear emergency could derail economy
By Asim Hussain

ISLAMABAD—Despite passing of four days after imposition of Emergency in the country, Business activities are suffering to a great extent while Stock Market showing a bearish trend.
Following the State of Emergency declared in the country, Stock Market of Pakistan, Security and Exchange Commission of Pakistan, Federal Board of Revenue, Privatisation Board, National Savings, Banks and other financial institutions are showing a downward trend. According to Online Commerce Desk Survey, the textile exporters too are facing an uncertain future after the imposition of emergency as quality assurance representatives of foreign buyers have cancelled their trips and those who are in Pakistan refuse to leave their hotel due to security concerns in the country.
On the other hand, people who are sitting in Stock Market and addicted to receiving minute by minute information regarding ups and down of shares are getting restless and virtually starved of information in this regard.
Further, it has been unveiled that if situation remains the same then there is a possibility that economy of the country could derail thus not an enriching sign.
People who are sitting in various offices of National Savings and others are in mental torment due to State of emergency in the country.
It is feared that if the uncertainty persists and crackdown on political leaders, civil society representatives, lawyers and Journalists is not stopped immediately, then there are fair chances of dis-investment in Pakistan by multi national companies and others in this regard.