The Pakistan Stock Exchange (PSX) soared to a historic milestone on Tuesday, surpassing the 170,000-point mark for the first time ever.
The remarkable surge comes on the back of renewed Pakistan economic confidence driven by the International Monetary Fund’s (IMF) loan approval and a steady rise in workers’ remittances.
During intraday trading, the benchmark KSE-100 index climbed by 720.29 points, touching a fresh peak of 170,176.67—up 0.43% from the previous close of 169,456.38. Market analysts say the bullish momentum is likely to continue throughout the day as buying activity remains strong.
Just a day earlier, the index recorded another milestone by gaining 1,153 points, closing at an all-time high of 169,456. The upward trend reflects growing optimism among investors who are responding positively to Pakistan’s improving economic indicators.
IMF loan tranche provides major boost
Earlier this week, the IMF approved a significant tranche of nearly $1.3 billion for Pakistan under the $7 billion Extended Fund Facility (EFF). The disbursement also includes over $20 million from the Rapid Financing Instrument (RSAF), taking total IMF support released so far to $3.3 billion.
Read More: Pakistan’s remittances rise 9% to $16.1bn despite November slowdown
Officials believe the funds will strengthen foreign exchange reserves, support fiscal reforms, and improve overall market sentiment—factors that have clearly contributed to the ongoing rally.
Remittances hit $3.2 billion in November
Adding to the positive outlook, Pakistan recorded a robust inflow of $3.2 billion in workers’ remittances during November 2025. According to the State Bank of Pakistan (SBP), this marks a 9.4% year-on-year increase.
From July to November FY26, total remittances reached $16.1 billion—up 9.3% from the $14.8 billion received during the same period last year. The largest contributions came from Saudi Arabia ($753 million), the UAE ($675 million), the UK ($481.1 million), and the US ($277.1 million).
