Karachi: The KSE-100 Index experienced a notable rise yesterday, climbing 517 points to close at 134,300, with a trading volume of 764 million shares. The day’s top price performers were MEHT, KTML, and THALL, while BNWM, GADT, and AKBL saw declines. Trading activity was predominantly focused on the banking, cement, and investment sectors.
In related developments, the International Monetary Fund praised Pakistan's progress in its economic reform efforts. Meanwhile, Vietnam has expressed interest in enhancing trade and investment relations with Pakistan, according to Kamal.
Efforts to increase trade with Central Asian Republics have been bolstered by an agreement between the Ministry and the Federation of Pakistan Chambers of Commerce and Industry to establish a consultative mechanism. Additionally, an agreement has been signed between Pakistan and Russia to revive the Pakistan Steel Mills.
The financial performance of state-owned enterprises has seen a decline, attributed to power sector losses amounting to Rs5.9 trillion. In the fiscal year 2025, foreign investors withdrew over $1.5 billion from treasury bills.
The State Bank of Pakistan has strengthened its reserves through record inflows and dollar purchases. A new platform has been launched to promote digital trade, and the European Union has signed a €20 million grant with Pakistan to support small and medium enterprises.
On the regulatory front, the Federal Board of Revenue is seeking disclosure of 'fair market value' for property deals from July 1. Additionally, a $5 billion bilateral trade goal has been set between Pakistan and Turkey.
The FBR will also begin regulating input tax adjustment limits from July 1. Pakistan International Airlines is moving forward with its privatization plans, with shortlisted bidders set to commence due diligence next week.
The import of sugar is expected to increase the import bill by $280 million. Meanwhile, hybrid electric vehicles are gaining traction in Pakistan, although PTCL continues to face financial challenges.
The trend of industrial conversions to on-grid power systems is ongoing, and Lucky Core Industries has announced a 5:1 stock split.