The KSE-100 index soared by 742.17 points or 0.93 percent to 80,295.05 points as the optimism about a new loan deal with the International Monetary Fund (IMF) is gaining momentum.

On Tuesday, the KSE-100 settled at 79,552.88, an increase of 728.55 points or 0.92 percent, for the first time in history.

Finance Minister Muhammad Aurangzeb said prior actions for the IMF loan programme are largely complete.

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“Some structural benchmarks will also be met as Islamabad moves ahead to secure a larger and long-term deal,” he added.

“The upcoming IMF deal should be referred to as a ‘Pakistan programme’ for implementing structural reforms needed to transform the country’s economy,” he pointed out.