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Pakistan stock market plunges on new govt tax on industries

Pakistani brokers react while they monitor Index on their mobile phone at at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Friday, June 24, 2022. Pakistan's stock market suddenly fell by three percent on Friday, shortly after the government of recently elected Prime Minister Shahbaz Sharif suddenly announced the imposition of additional taxes on the corporate and banking sector in an effort aimed at stabilizing the country's fledgling economy. (AP Photo/Fareed Khan) Pakistani brokers monitor Index on their monitors at at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Friday, June 24, 2022. Pakistan's stock market suddenly fell by three percent on Friday, shortly after the government of recently elected Prime Minister Shahbaz Sharif suddenly announced the imposition of additional taxes on the corporate and banking sector in an effort aimed at stabilizing the country's fledgling economy. (AP Photo/Fareed Khan) Pakistani brokers monitor Index on their mobile phones and monitor at at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Friday, June 24, 2022. Pakistan's stock market suddenly fell by three percent on Friday, shortly after the government of recently elected Prime Minister Shahbaz Sharif suddenly announced the imposition of additional taxes on the corporate and banking sector in an effort aimed at stabilizing the country's fledgling economy. (AP Photo/Fareed Khan) An investor monitors Index on the big screen at at the Pakistan Stock Exchange (PSE), in Karachi, Pakistan, Friday, June 24, 2022. Pakistan's stock market suddenly fell by three percent on Friday, shortly after the government of recently elected Prime Minister Shahbaz Sharif suddenly announced the imposition of additional taxes on the corporate and banking sector in an effort aimed at stabilizing the country's fledgling economy. (AP Photo/Fareed Khan)