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KARACHI: The Pakistan Stock Exchange (PSX) opened up in green after the KSE-100 index gained 622 points over reports of funds coming to Pakistan from the UAE and IMF.
The PSX traded at 42,718 points after the KSE-100 index continued its upward trend in the early day trading.
The positive sentiment in the PSX came after the International Monetary Fund (IMF) confirmed that Pakistan has achieved all the set targets for the revival of the Extended Fund Facility (EFF) program.
Moreover, it was also reported that the United Arab Emirates (UAE) is planning to invest one billion dollars in Pakistan’s economic and investment sectors
Quoting an official source in Abu Dhabi, the state news agency has reported that the move aims at exploring new investment opportunities, expanding bilateral economic relations, and enhancing mutual cooperation in projects covering various sectors of the economy.
The UAE investment will likely be channeled to key sectors including gas, energy infrastructure, renewable energy, healthcare, biotechnology, agriculture technology, logistics, digital communications, e-commerce, and financial services.
