PSX witnesses another historic day; breaches 75,000 points barrier
KARACHI: (Suno News) The Pakistan Stock Exchange (PSX) went bullish at the outset of trading on Wednesday as the KSE-100 index breached the 75,000 points barrier and hit the 75115.32 points mark.

However, after reaching the historic high, the KSE-100 index plunged 0.04 percent and was trading at 74,502.60 points till the filing of the report.

It merits a mention here that the PSX witnessed the historic day amid ongoing talks between the government and the International Monetary Fund (IMF) for a new bailout package.

Economic experts and analysts expect a decline in inflation and interest rates owing to the bullish trend at PSX. On Tuesday, the second day of the business week, the KSE-100 index closed at 74,531.19 points against the previous close of 73,822 points.

On the other hand, Deputy Prime Minister Ishaq Dar held an in-depth discussion with Chinese Executive Vice Premier Ding Xuexiang in Beijing on various aspects of bilateral relations including the China-Pakistan Economic Corridor (Phase-II), trade, economic cooperation, and investment.

Senior officials from both sides were present in the meeting, according to the Ministry of Foreign Affairs.

Ishaq Dar expressed condolences and outrage at the Shangla attack on March 26, 2024, and assured the Chinese executive vice premier of zero tolerance towards the perpetrators. He also lauded the services of the fallen Chinese workers.

The two leaders also discussed connectivity through the Khunjerab border crossing and a simplified visa regime. They agreed to sustain the growing momentum of Pakistan-China relations in all areas of cooperation and to further deepen the iron-clad Pak-China friendship.

Ishaq Dar noted the progress made by CPEC in energy and infrastructure and expressed confidence in the positive dividends under Phase II in the fields of industry, agriculture, and mineral development.

The Chinese vice premier expressed China’s full support to Pakistan in all areas of cooperation including economy, trade, and investment. He also reaffirmed the importance of fast-track implementation of CPEC projects for mutual prosperity and development.