Karachi: The KSE-100 Index experienced a notable increase of 1,205 points, closing at 133,782 with a remarkable trading volume of 940 million shares. This surge in the market was primarily driven by heightened activity in the banking, technology, and textile spinning sectors. The top performers in terms of price change included MEHT, AICL, and BNWM, while PSEL, PKGP, and TPLRF1 were among the decliners.

In other developments, Pakistan's foreign exchange reserves have crossed the $20 billion mark for the first time in three years, signaling a positive economic outlook. Meanwhile, the Prime Minister has ordered an urgent overhaul of the National Tariff Commission.

In the legislative arena, the Finance Act 2025 has introduced stricter tax rules for businesses and filers. The Public Sector Development Program spending has been revised to Rs1.05 trillion.

Trade relations are also gaining momentum, with Pakistan aiming to strengthen ties with Vietnam and looking forward to business-to-business links and joint ventures. Pakistan and the European Union have signed a 20 million euros grant agreement to boost business reforms.

Meanwhile, the power sector has seen a notable reduction in losses by Rs192 billion over the past year, as reported by Leghari. The power minister is also pushing for a reduction in solar net metering.

The auto sector is witnessing a rebound due to increased demand for small cars. Gandhara Industries has announced a hike in Isuzu D-Max prices by up to Rs415,000 following the NEV levy.

Chambers have announced a strike against Section 37AA, indicating growing concerns within the business community. The textile sector sees a resolution in the cotton cess collection issue with agreements among APTMA, PCCC, and MNFSR.

These developments paint a mixed picture of economic activity and challenges, with various sectors adjusting to new policies and market dynamics.