KARACHI: Pakistan Stock Exchange (PSX) has evolved strategy to remain operational in case of any lockdown due to coronavirus, Farrukh Khan, Chief Executive Officer (CEO) of PSX said on Tuesday.
He was talking with the media at an event organized at the PSX for women empowerment.
“We have made efforts. IT teams and other business departments have made strategy for making stock market operational,” he said while referring to new cases and in case situation further deteriorated and lead to lock-down.
Farrukh said that last days significant fall at world stock markets was due to coronavirus, which had economic impact.
“Entire Italy is locked down. It has serious impact on world economy,” he said adding that other reason was massive fall in world oil prices.
He hoped that economy would grow on falling oil prices. The developments has given room for reducing interest rate.
He said that reduction in interest rate would help the stock market and the economy.
