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The Pakistan Stock Exchange (PSX) KSE-100 has crossed the 57,000 benchmark with an increase of 716.96 (1.26%) points on Thursday, continuing the momentum, for the first time ever in stock history.
In Interbank, the US dollar has also lost value against Pakistani Rupee with a decrease of Rs1.14 and reached Rs299.14 paisas in the interbank trading.
Pakistan on Wednesday successfully negotiated a staff-level agreement (SLA) with the International Monetary Fund (IMF).
The agreement, subject to approval by the IMF’s Executive Board, marks a significant stride in the implementation of Pakistan’s economic program supported by the IMF Stand-By Arrangement (SBA) amounting to$3 billion (SDR 2,250 million).
Upon approval, Pakistan is set to receive a disbursement of around US$700 million (SDR 528 million), bringing the total disbursements under the program to nearly US$1.9 billion.
