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Business Economy Pakistan Trending Now

Fire Erupts at Pakistan Stock Exchange Building in Karachi

Karachi: A fire broke out today on the fourth floor of the Pakistan Stock Exchange (PSX) building on I.I. Chundrigar Road, one of Karachi’s major financial institutions, raising significant alarm in the financial sector.

Eyewitnesses reported seeing thick smoke billowing from the building, prompting a rapid response from the fire brigade. Due to the intensity of the fire, additional support was required, and three more fire hydrants were dispatched to the scene to contain the flames and prevent them from spreading to other parts of the building.

People inside the building were promptly evacuated the building to ensure the safety of everyone inside, successfully avoiding potential injuries. According to initial reports, the cause of the fire is suspected to be a short circuit.

Fire brigade officials stated that the fire was controlled after about an hour of effort, and the cooling process had also begun. Officials reported that after bringing the fire under control, the stock exchange has been reopened for public access.

As of now, there have been no reports of injuries or fatalities.

In response to the incident, the Pakistan Stock Exchange had temporarily halted its operations to ensure the safety of all personnel and to facilitate the firefighting efforts but following the the successful operation by the firefighters, trading has once again been resumed at PSX.

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