The Pakistan Stock Exchange (PSX) reached new peaks as it crossed the 77,000 mark during the intraday trading on Friday.
The benchmark KSE-100 reached an all-time high of 77,213.31, up by 1,005.15 or 1.32% from the previous close of 76,208.16.
Analysts attributed the upward trajectory to the government’s willingness to unlock a deal with the International Monetary Fund (IMF) after the budget.
Analysts expect the budget for the fiscal year to June 2025 to set ambitious fiscal targets as it looks to strengthen the case for a new bailout deal with the International Monetary Fund (IMF).
Pakistan budget 2024-25
Minister for Finance and Revenue Muhammad Aurangzeb Wednesday presented Pakistan’s budget for the fiscal year 2024-25 with a total outlay of Rs18.877 trillion.
Outlining the budget points, Finance Minister Muhammad Aurangzeb said that the gross domestic project (GDP) growth target for the fiscal year 2024-25 is fixed at 3.6pc, whereas the inflation rate is expected to remain 12pc.
