Stocks battered as index plunges over 900 points in intra-day trading

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Asma Sherazi in “Faisla Aap Ka” covered these topics:

The bubble of several days of gains at the Pakistan Stock Exchange (PSX) blew as the benchmark KSE-100 index plunged 906.50 points to 41,097.59 points on news of no announcement by China regarding financial assistance in a joint statement on Sunday.

Prime Minister Imran Khan and Chinese Vice-President Wang Qishan on Saturday underscored the significance of Pakistan-China strategic cooperative relations and agreed to continue furthering cooperation on issues of regional and global significance.

They posed their full confidence in the time-tested relationship between the two countries.

The unanimity of opinion was expressed during a meeting between the two leaders in Beijing, said a press release issued here.

During the meeting, they exchanged views on a range of bilateral, regional and international issues.

The prime minister praised China for lifting its 700 million people out of poverty and its successful anti-corruption drive.

His government would like to learn from the Chinese experience on poverty reduction and anti-corruption, he added.

He said socio-economic uplift, industrial development, establishing special economic zones and livelihood projects were his priority areas under the China-Pakistan Economic Corridor.