• Download the Constitution of Pakistan
  • Advertise
Sunday, July 13, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Main

PSX spikes after IMF loan revival

by News Publishing
July 3, 2023
in Main
Reading Time: 2 mins read
0
PSX spikes after IMF loan revival
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistan Stock Exchange (PSX) gained more than 2,000 points on Monday, as investors regained confidence following the signing of a staff-level agreement between Pakistan and the International Monetary Fund (IMF) programme on Friday.

At 11:00 a.m., the Pakistan Stock Exchange’s benchmark KSE-100 index had risen 2,307 points. The index is presently worth 43,759 points.

According to market experts, the PSX is on the rise following the restart of the loan programme with the international lender.

Pakistan reached a $3 billion staff-level agreement with the International Monetary Fund (IMF) last week.

According to facts, the government of Pakistan and the IMF signed a $3 billion staff-level agreement in Lahore.

The ceremony was attended by Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar, and Information Minister Marriyum Aurangzeb.

The International Monetary Fund (IMF) announced the successful conclusion of a “Stand-By Arrangement” between the global lender and Pakistan. Pakistan and the IMF have reached a staff-level agreement worth $3 billion over a nine-month period.

IMF Mission Chief Nathan Porter and other staff members maintained constant contact with Pakistani officials and reached an agreement via virtual dialogue.

The IMF’s executive board will provide final approval to this deal, which is likely to take place in mid-July. Pakistan could receive a $3 billion loan following this decision.

Tags: IMF loanIMF programlatestPSX
News Publishing

News Publishing

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

Petrol increase

Petrol Prices Likely to Rise by Rs5/Litre from July 1

by Anum Arif
June 30, 2025
0

ISLAMABAD: Prices of petroleum products in Pakistan are likely to rise by up to Rs5 per litre starting Monday, July...

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

Pakistan welcomes supplemental award by Court of Arbitration in Indus Waters matter

by News Publishing
June 28, 2025
0

Pakistan has welcomed the Supplemental Award issued by the Court of Arbitration in the ongoing Indus Waters Treaty dispute, affirming...

Next Post
Investment purposes: KSA, UAE showing keen interest in IT, agriculture: minister

Investment purposes: KSA, UAE showing keen interest in IT, agriculture: minister

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters