Pakistan Coup Concerns Mount as Sharif Protests Planned
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Pakistani Prime Minister Nawaz Sharif faces his biggest test since taking office, with stocks extending losses after falling the most in more than five years yesterday on concern protests may unseat his government.
Former cricket star Imran Khan is seeking to rally as many as 1 million people on Aug. 14 to push for a fresh election, prompting speculation that the military may seize power for the fourth time since 1947. The KSE 100 Index slumped 1.6 percent to 27,613.82, the lowest in four months, at 9:56 a.m. local time. Foreigners yesterday bought a net $5.2 million of shares as the index fell 4.5 percent.