Even at the beginning of the new week, the stock market is in the grip of recession as 100-Index fell by 455 points to reach 59417 points.

On Friday, shares at the Pakistan Stock Exchange (PSX) traded in the red with stocks plunging by more than 1,000 points by day’s end.

At 12:09pm, the benchmark KSE-100 index plunged by 984.38, to reach 60,035.67 from the previous close of 61,020.05 points.

On Thursday, the bears took over the trading floor after the PTI nominated candidates for prime minister and Punjab chief minister and started contacts with different parties for the formation of coalition governments despite the fact having no number game.

Islamabad basedt think tank Tabadlab issued study on nation’s debt crisis titled 'Pakistan Debt Unsustainable, Urges Climate Swaps'.

Pakistan’s debt is a formidable, existential, and pertinent challenge, that requires immediate and strategic interventions. Debt repayments are at a historic high, deprioritizing the needs of a growing population, such as social protection, education, health, and crucially, climate change.

Detailed in Tabadlab’s seminal analysis, “A Raging Fire,” the gravity of this crisis is laid bare, revealing the depth and breadth of the problem, the quantum of financial resources lacking, and the path forward with or without transformational structural changes.

By dissecting key financial indicators, drawing comparisons with global standards, and showcasing multi-scenario projections “A Raging Fire” serves as a critical blueprint for navigating Pakistan’s debt dilemma.

Providing comprehensive solutions in a dedicated section, the analysis ends with crucial reforms needed to extricate Pakistan from the this perennial financial spiral, and put it on a path to economic recovery, eventually leading to prosperity.