FLASHNEWS:

KSE-100 Index Surges as Economic Developments Unfold

Karachi: The KSE-100 Index climbed by 2,301 points, closing at 176,355, with 1,400 million shares traded, marking a significant uptick in market activity. Leading the gains were SSOM, KEL, and PIBTL, while PGLC, PTC, and SRVI saw declines. The trading was mainly concentrated in sectors such as Power, Investment Companies, and Transport.

In economic developments, Pakistan's inflation rate stood at 5.6% for December 2025. The Sindh Revenue Board reported a notable increase in collections, and Finance Minister Aurangzeb commended the Federal Board of Revenue for achieving 95% of its tax target. The FBR chief is set to convene a meeting to finalize strategies for tax targets, emphasizing the government's need to expedite economic reforms.

The discovery of new oil and gas reserves in Kohat was announced, and a joint venture worth $4 billion has been proposed to redevelop New York City's Roosevelt Hotel. However, traders have expressed skepticism over inflation figures despite relief measures.

The country saw a 34% rise in terrorism incidents in 2025, and treasury bills attracted $20 million in net foreign inflows. Foreign exchange reserves stand at $21.012 billion.

The textile industry has raised concerns over proposed duty-free imports at Sost Dry Port. Meanwhile, oil sales rose by 10% in 2025. The Power Division reported a reduction in circular debt by Rs780 billion and major tariff cuts over the past year. Additionally, a 5% levy on mobile phone imports is likely to be implemented.

District-level internet services are expanding, and OGDCL has received Rs8.3 billion from Uch Power, highlighting ongoing developments in Pakistan's economic landscape.