KARACHI – The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews.
The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor.
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The rally followed an official IMF statement noting substantial progress in discussions with Pakistani authorities. The talks, led by IMF Mission Chief Iva Petrova, focused on the second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF).
Petrova stated that both sides had made substantial headway toward a Staff-Level Agreement (SLA), praising Pakistan’s strong efforts in fiscal consolidation, inflation control, and energy sector reforms — areas crucial to economic stability.
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The IMF’s endorsement immediately lifted investor sentiment, fueling broad-based buying in the stock market. Analysts said the positive tone from the IMF has restored confidence in Pakistan’s economic outlook and reaffirmed expectations of continued reform momentum.
“The IMF’s acknowledgment of Pakistan’s progress signals a step toward stability and policy continuity,” said one market analyst. “It’s a strong confidence booster for both domestic and foreign investors.”
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With the IMF negotiations approaching a successful conclusion, experts predict that the bullish trend at the PSX is likely to continue in the coming sessions.
The staff-level agreement, once finalized, is expected to unlock additional financial support, reinforce foreign exchange reserves, and help maintain macroeconomic stability.
As Pakistan continues implementing reforms under both facilities, investors remain optimistic about the country’s fiscal direction and growth prospects.