Pakistani co-founder of Careem, Mudassir Sheikha, shares plan, potential IPO and future for ride-hailing app

Country’s business community feels the time is right for a bargain

Central bank uses period average M2M exchange rate to calculate GDP

Currency falls 5.29% after closing at Rs121.55 on Friday

Focuses on long-term measures that promote sustainable investment in Pakistan

At close, benchmark index loses 995.66 points at 39,288.48

Benchmark index decreases 2.93% to finish trading at 40,345.68

Declining foreign exchange reserves and widening deficit require considerable efforts, says ratings agency

KSE-100 endures worst year since 2008-09 with change in political leadership

Development comes as economic risks heighten due to falling foreign currency reserves