PM Shehbaz hails PSX historic milestone, attributing it to authorities’s insurance policies – SUCH TV

Prime Minister Shehbaz Sharif on Thursday counseled the Pakistan Inventory Change (PSX) for its historic efficiency, because the benchmark KSE-100 Index crossed the 100,000-point threshold for the primary time in historical past.

In a press release, the prime minister attributed the milestone to robust investor confidence within the authorities’s insurance policies and the efforts of the financial group to steer the nationwide economic system in direction of stability and development.

“The inventory trade crossing 100,000 factors for the primary time displays the enterprise group’s and traders’ belief in authorities insurance policies,” PM Shehbaz mentioned.

“The federal government’s financial group and officers working tirelessly to advertise funding within the nation deserve reward for reaching this milestone,” he added.

The KSE-100’s outstanding rise is a part of a broader market restoration, with the index surging 150% from 40,000 to 100,000 factors during the last 17 months.

Consultants attribute this surge to a mixture of elements, together with trade price stability, the transition from a $3-billion Stand-By Association to an extended settlement with the Worldwide Financial Fund (IMF), improved earnings from index-heavy sectors, and a common constructive sentiment pushed by current financial easing.

The prime minister additionally reaffirmed his authorities’s dedication to financial stability, pointing to achievements similar to a decline in inflation, rates of interest decreased to fifteen%, and record-high remittances.

“We’ll proceed to work diligently for the nation’s progress,” PM Shehbaz emphasised, vowing to thwart any makes an attempt by the nation’s adversaries to destabilize the nation’s improvement.