KARACHI: The $3 billion deal with the International Monetary Fund brought a massive boost to Pakistan’s economy on Monday, surging its stocks by a staggering 2,400 points, easing the.
Pakistan's benchmark share index scored its biggest single-day jump in 15 years on Monday, gaining 5.9% on the first trading session after the country secured a last-gasp funding deal from the International Monetary Fund (IMF).
The country on Friday secured a USD 3 billion short-term financial package from the IMF, giving its economy some much-awaited respite as it teeters on the brink of default, , pakistan, karachi stock exchange, international monetary fund
Pakistan s benchmark share index rose over 6% after securing a $3 billion financial package from the IMF. Auto stocks increased as import restrictions are expected to ease. Automakers, including Pakistan Suzuki Motor and Honda Atlas Cars, experienced gains of 7.5% while Indus Motor Co. rose 6%. With the import ban lifted and the IMF deal secured, companies in the auto sector will not face any supply chain issues.
Pakistan's benchmark share index gained more than 6% on Monday in its first trading session after the crisis-struck country secured funding from the International Monetary Fund, with auto stocks rising on hopes import restrictions would be eased.