Pakistan Rupee Exchange Rate
In a significant economic turnaround, the Pakistan Stock Exchange (PSX) has experienced an impressive surge, marking a nearly 20 percent increase—the highest in over five years. On Monday, the KSE-100 index achieved a historic milestone by crossing the 62,000 points mark for the first time, with an additional boost of 770 points, reaching an unprecedented 62,461 points.
Despite the country’s ongoing political and economic challenges, the PSX index has witnessed a remarkable upswing, fueled by positive outcomes from the IMF’s successive review and substantial investments from friendly nations.
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The recent staff-level agreement for the second tranche of IMF bailout funds, coupled with inflows from multilateral institutions, has played a pivotal role in shaping a renewed and optimistic sentiment in the money market.
Just last month, the benchmark share index (KSE) broke the 60,000 points barrier, reaching an all-time high of 60,500.61 points. The momentum continues to build, signaling a promising trend for Pakistan’s economic revival.
