Karachi: The KSE-100 Index surged by 515 points, closing at 139,207 with a trading volume of 633 million shares. The day's top performers included ATLH, IBFL, and GHGL, while HGFA, FHAM, and ABL saw declines. Trading activity was mainly concentrated in the banking, food, and technology sectors.

In other economic developments, the Pakistani government has decided to maintain its remittance incentive scheme, which aims to encourage overseas Pakistanis to send money home. Additionally, Pakistan is reportedly close to securing a trade deal with the United States, although Washington has not provided a specific timeline.

Pakistan's bonds have reached a three-year high following a credit rating upgrade, reflecting growing investor confidence. Meanwhile, industrialists are advocating for a significant reduction in the State Bank of Pakistan's policy rate to stimulate economic growth.

The Federal Board of Revenue is targeting a collection of Rs3.08 trillion in the first quarter of the fiscal year 2026. In a bid to attract foreign investment, Pakistan has invited global stakeholders to invest in its healthcare sector, with President Zardari specifically urging Saudi investors to consider opportunities in the country.

The Economic Coordination Committee has approved Pakistan's 'Green Taxonomy' initiative and a Rs72 billion housing subsidy. However, the China-Pakistan Economic Corridor power dues have risen to Rs423 billion as per the nation's commitments with the International Monetary Fund.

In the private sector, Engro Fertilizers and Bank Alfalah have launched a Rs250 million financing initiative for farmers, while TCP has doubled its tender size amid rising sugar prices. The oil sector is calling for a swift revision of margins due to financial constraints, and an electric vehicle giant plans to start assembling cars in Pakistan by 2026.