Pakistan Muslim League (Nawaz) President Shehbaz Sharif has said that today the stock exchange has not crashed, rather the economic policies and measures of the government have nosedived, reported 24NewsHD TV channel.

In a statement released on Thursday, the PML-N president said that yesterday the government made big claims of its success and today we have witnessed bloodbath at the Pakistan Stock Exchange (PSX).

Today the stock market crashed when the KSE-100 index shed more than 2,000 points which Shehbaz stated was a reflection of investors’ lack of confidence in the government’s economic policies.

The Imran Niazi’s government was responsible for the plunging of billions of investors’ money. He said he had already warned the government that trade deficit and high interest rate would ruin the economy.

The market crash is a result of ballooning external debt and a continuously depreciating rupee, Shehbaz opined. He lamented that we didn’t get rid of the present government, hence all these disasters. He reiterated we should stop this destruction now as it was a matter of our national survival.

Reporter Umar Aslam