The Pakistan Stock Exchange 100 index surged by 918 points, reaching a record high of 65,500 points. Similarly, the Carbavari index climbed 100 points to a peak of 65,636 points by the week’s close.
During the Ijara Sukuk issuance ceremony, Caretaker Prime Minister Anwarul Haq Kakar highlighted the economic challenges of this fiscal year but emphasized that the IMF agreement had reinstated investors’ confidence. He noted a significant 40% increase in the stock market since September, alongside a decrease in the dollar price from 307 rupees to approximately 284 rupees, while inflation dropped to 29.3%.
Anwar-ul-Haq Kakar affirmed the federal government’s commitment to maintaining a favorable development environment, ensuring that the nation reaps the benefits of economic progress. He also mentioned plans to expand investment through government paper auctions on the stock exchange, aiming to reduce costs and enhance transparency.
Expressing gratitude to the Government of Pakistan and all stakeholders, the Caretaker Prime Minister also highlighted a decrease in the dollar value to Rs 283 at 83 paise in the interbank market.