The stock market remained optimistic Thursday when investors’ feeling had jumped after the announcement of a historic trade agreement between Pakistan and the United States, in the midst of continuous optimism compared to macroeconomic stability and the continuity of central bank policy.
Pakistan Pakistan Benchmark KSE-100 index of Pakistan Pakistan has climbed to an intrajournnal summit of 140,077.85, winning 1618.96 points, or 1.17%, compared to the previous fence of 138,412,25. The index also affected a minimum of 139,369.06, up 956.81 points, or 0.69%.
“The positive feeling of the American trade agreement is a diplomatic success, especially when people compare higher tasks on Indian exports,” said Aah Soomro, an independent investment and economic analyst.
“Hope is that the American-Pakistani partnership continues to strengthen itself, leading to economic stability within the framework of the IMF,” he added.
In a major diplomatic breakthrough, US President Donald Trump confirmed the finalization of a trade agreement between the two countries. Development indicates an increase in bilateral economic ties at a time when India continues to deal with high prices and geopolitical -contrary winds due to its energy links with Russia.
According to the Ministry of Finance, the agreement was concluded at the meeting of the Minister of Finance Muhammad Aurangzeb with the American Secretary of Commerce and the US trade representative. Pakistan ambassador to the American Sheikh of Rizwan Saeed and the Secretary of Commerce Jawad Paul were also present.
A declaration from the ministry said that the purpose of the agreement is to improve bilateral trade, improve market access, attract investments and strengthen energy cooperation, minerals, IT and emerging sectors such as cryptocurrency.
The agreement includes prices for Pakistani exports to the United States and aims to encourage American investments in Pakistan infrastructure and development projects, marking a new phase of economic cooperation between the two countries.
Meanwhile, the State Bank of Pakistan (SBP) held its key policy unchanged at 11% at the meeting of the Monetary Policy Committee on Wednesday, citing persistent risks and pressures of inflation on the trade balance.
In its post-reunion declaration, the SBP said that inflation projections had grown slightly due to unexpected gas rate adjustments, but have noted that prices should stabilize in the target beach in the future.
SBP governor Jameel Ahmad, at a later press conference, said inflation would probably remain between 5% and 7% in fiscal year 26, although temporary violations above the upper band have been possible in a few months. He added that the trade deficit was to expand as economic activity accelerated.
Wednesday, the KSE-100 index won 447.43 points, or 0.32%, to end at 138,412.25, against 137,964,82 during the previous session. The index affected a summit of 139,018.88 and a minimum of 137,658.81 during the session.
