Prime Minister Shehbaz Sharif on Thursday commended the Pakistan Stock Exchange (PSX) for its historic performance, as the benchmark KSE-100 Index crossed the 100,000-point threshold for the first time in history. In a statement, the prime minister attributed the milestone to strong investor confidence in the government’s policies and the efforts of the economic team to steer the national economy towards stability and growth. \u201cThe stock exchange crossing 100,000 points for the first time reflects the business community\u2019s and investors\u2019 trust in government policies,\u201d PM Shehbaz said. \u201cThe government\u2019s economic team and officials working tirelessly to promote investment in the country deserve praise for achieving this milestone,\u201d he added. The KSE-100\u2019s remarkable rise is part of a broader market recovery, with the index surging 150% from 40,000 to 100,000 points over the last 17 months. Experts attribute this surge to a mix of factors, including exchange rate stability, the transition from a $3-billion Stand-By Arrangement to a longer agreement with the International Monetary Fund (IMF), improved earnings from index-heavy sectors, and a general positive sentiment driven by recent monetary easing. The prime minister also reaffirmed his government\u2019s commitment to economic stability, pointing to achievements such as a decline in inflation, interest rates reduced to 15%, and record-high remittances. \u201cWe will continue to work diligently for the country\u2019s progress,\u201d PM Shehbaz emphasized, vowing to thwart any attempts by the country\u2019s adversaries to destabilize the nation\u2019s development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Shehbaz Sharif on Thursday commended the Pakistan Stock Exchange (PSX) for its historic performance, as the benchmark KSE-100 Index crossed the 100,000-point threshold…<\/p>\n","protected":false},"author":1,"featured_media":21327,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-21326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/21326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21326"}],"version-history":[{"count":0,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/21326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/media\/21327"}],"wp:attachment":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}