Karachi: The KSE-100 Index marked a substantial upturn, gaining 1,881 points to close at 117,008, with a trading volume of 956 million shares. This performance was led by companies such as PSX, PGLC, and ISL, while MEHT, PAKT, and DAWH saw declines. The trading activity was primarily focused on the technology, cement, and refinery sectors.

According to Taurus Securities Limited, Pakistan's import levels have reached over $5 billion for the first time in two years, amid a series of economic developments. The first half of the fiscal year showed a 10.52% year-on-year increase in exports, totaling $16.561 billion. Additionally, tariff concessions were announced for imports from seven countries under a Preferential Trade Agreement, which may further impact trade dynamics.

Inflation in Pakistan, as measured by the Consumer Price Index, slowed to 4.1% year-on-year in December 2024. Despite various challenges, the country successfully met the International Monetary Fund's December tax target, as stated by Prime Minister Shehbaz Sharif. Punjab reported a tax revenue collection of Rs118 billion, signaling fiscal progress.

A Chinese delegation is currently exploring investment opportunities within the country, while local industries have called for a reduction in oil prices. Despite bumper crop yields, farmers continue to face difficulties, and the prioritization of imported RLNG over domestic gas remains a contentious issue in the energy sector. A Senate panel was informed that ongoing discussions with 16 Independent Power Producers are expected to yield positive results soon.

The Federal Board of Revenue has decided to implement video surveillance of sugar mills, indicating a move towards increased regulatory oversight. Meanwhile, sales of Oil Marketing Companies fell by 19% month-on-month in December but rose by 4% in the first half of the fiscal year 2025. Amidst these developments, AGL has scheduled maintenance for its urea plant.