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Pakistan Stock Exchange plunges after govt announces ‘super tax’ on industries

Islamabad [Pakistan], June 24 (ANI): The Pakistan Stock Exchange (PSX) crashed shortly after Shehbaz Sharif’s government announced a 10 per cent tax on large-scale industries, a measure he promised will help save the country from bankruptcy.
At 11:40 am (local time), the market witnessed a steep dip with the KSE-100 losing 1,598 points and sinking to 41,100, the Dawn newspaper reported. The benchmark KSE-100 index was dow