Pakistan Stock Exchange (PSX) is experiencing a positive trend today on the hope of reaching an agreement with the International Monetary Fund (IMF) regarding the disbursement of funds.
Right from the start of the trading week, the stock market has witnessed a bullish trend.
During the trading session, the PSX’s 100-index surged by 1,015 points and reached 41,080. At the end of the previous trading week, the PSX’s 100-index closed at 40,065 points.
Obstacles removed in the way of IMF program revival
It is worth noting that the IMF and Pakistan have reached near the finalization of the deal, and an official announcement is expected soon.
According to sources, Pakistan and the IMF have concluded the ninth review and removed obstacles in the way of program revival. The meetings and contacts between Prime Minister Shahbaz Sharif and the IMF MD have made this progress possible. A breakthrough was achieved during the discussions and meetings between the Prime Minister and the IMF MD in Paris.
