PM Shehbaz Lauds Economic Team as PSX Hits Historic 128,000 Points

Prime Minister Shehbaz Sharif has expressed satisfaction over the Pakistan Stock Exchange’s historic performance, describing it as a positive indicator of investor confidence and the effectiveness of the government’s economic strategy. On the opening day of fiscal year 2025–26, the KSE-100 index recorded an unprecedented surge of 2,515 points, pushing the benchmark to an all-time high of 128,142 points. The sharp rally reflected investor optimism, with the index breaking through several psychological barriers in rapid succession.

In a formal statement, the prime minister acknowledged the role of his economic team in steering the market toward this milestone, calling their efforts a significant contribution to the country’s path toward macroeconomic stability. He credited the market’s performance to the structural reforms implemented over the past year, enhanced fiscal discipline, and the government’s consistent pro-business approach. Shehbaz Sharif added that this momentum should pave the way for broader economic gains and sustained investor trust throughout the new fiscal cycle.

The bullish sentiment was further bolstered by a recent $3.4 billion loan rollover from China, which helped Pakistan meet the International Monetary Fund’s (IMF) foreign reserves target and pushed reserves past the $14 billion mark. Additionally, expectations of declining inflation—projected at 4 percent for June—further strengthened market sentiment.

Trading activity remained strong across key sectors including banking, oil and gas, power generation, and automobiles. High-volume gainers included HUBCO, MCB Bank, POL, PRL, and Mari Petroleum. Market analysts emphasized that the upward momentum reflects growing confidence in both economic management and political stability.

The prime minister also acknowledged the ongoing support of the business community and described its role as central to national development and long-term prosperity. With strong market participation and robust trading volumes, the government views the PSX’s performance as an encouraging start to the fiscal year and a signal that Pakistan’s economic recovery is gaining solid ground.