Prime Minister Hails PSX Milestone as Sign of Economic Confidence

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday conveyed his satisfaction as the Pakistan Stock Exchange (PSX) 100 Index achieved a new peak, exceeding 76,000 points for the first time. He characterized this achievement as a “demonstration of confidence from investors and the business sector” in the government’s economic approach.

According to a statement released by the Prime Minister’s Office, Sharif gave credit to his economic team’s effective work and the latest improvements in international investment for this upswing.

“Thanks to Almighty Allah and the dedication of our economic team, Pakistan is making progress on its path to advancement,” he stated.

He emphasized the recent sequence of agreements and memorandums of understanding signed between private sector companies in Pakistan and their counterparts in China, which involve billions of dollars in investments.

He elaborated that these MoUs are anticipated to stimulate increased industrial activities, enhance export capabilities, and generate employment opportunities within the nation.

“The recent increase in the stock market and expansion of foreign investment indicate that the country’s economic direction is accurately aligned,” Sharif remarked, commending his administration’s strategies for reinforcing macroeconomic balance.

The PSX has experienced renewed energy in recent months, supported by fiscal changes, positive investor sentiment, and stronger relationships with important economic allies, notably China.

The prime minister restated his government’s dedication to promoting investment and guaranteeing sustained economic growth through changes in structure and increased cooperation in the region.

In other news, Prime Minister Sharif had a meeting with Qamar Raza, who is the Chairman of the Overseas Pakistanis Foundation (OPF), alongside Managing Director Afzal Bhatti.