KARACHI: Renewed concerns about Pakistan’s economic outlook and rising geopolitical tensions caused a wave of panic selling by cautious investors, forcing the benchmark KSE 100 index to fall below the 118,000 barrier on Wednesday.

Ahsan Mehanti of Arif Habib Corporation said the PSX closed sharply lower after the IMF slashed the GDP growth forecast to 2.6pc for FY25 amid the Trump tariff blow.

He added that Fitch Ratings forecast on the weakening rupee, political noise, and investor fears over the outfall of Indian-occupied Kashmir security unrest played a........

© Dawn Business