The Pakistan Stock Exchange (PSX) KSE-100 has crossed the 57,000 benchmark with an increase of 422 points on Thursday, continuing the momentum, for the first time ever in stock history.
In Interbank, the US dollar has also lost value against Pakistani Rupee with a decrease of Rs1.14 and reached Rs299.14 paisas in the interbank trading.
Read Also: Pakistan secures $700 million from IMF in standby agreement
Pakistan on Wednesday successfully negotiated a staff-level agreement (SLA) with the International Monetary Fund (IMF).
The agreement, subject to approval by the IMF's Executive Board, marks a significant stride in the implementation of Pakistan's economic program supported by the IMF Stand-By Arrangement (SBA) amounting to$3 billion (SDR 2,250 million).
Upon approval, Pakistan is set to receive a disbursement of around US$700 million (SDR 528 million), bringing the total disbursements under the program to nearly US$1.9 billion.
