According to the State Bank of Pakistan the dollar’s price fell to Rs277.50.
KARACHI - The eagerly-awaited approval of a $7 billion loan by the International Montetary Fund and Prime Minister Shehbaz Sharif's glad tidings created a positive impact on the Pakistan Stock Exchange .
On the fourth day of the trading week , the PSX opened with an increase of 472 points, taking the KSE-100 index to an all-time high of 82,720 points. The PSX continued to witness bullish trend in the last couple of days, with the KSE-100 index touching historic highs after breaking 82,000-point barrier. The International Monetary Fund on Wednesday approved the much-awaited $7 billion Extended Fund Facility for Pakistan.
The decision was made during an Executive Board meeting chaired by IMF Managing Director Kristalina Georgieva in Washington, with Pakistan's agenda at the forefront. Following the approval of the loan programme, the second tranche is also anticipated within the same fiscal year, with the IMF loan being provided at an interest rate of less than 5 percent.
Stock Market Dollar Price IMF Bailout Package KSE-100 Index
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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