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As the 100-Index surpasses 100,000, the PM congratulates the nation for setting a new record.

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Upon the 100 Index of the Pakistan Stock Exchange surpassing 100,000 points, Prime Minister Muhammad Shahbaz Sharif congratulates the entire country.

According to the prime minister’s statement, the first-ever crossing of 100,000 points on the stock exchange shows that investors and the business sector have faith in the government’s economic initiatives.

For reaching this milestone, he remarked, the government’s economic team and the leaders promoting investment in the nation deserve praise.

The prime minister had assured the populace that he would do everything within his power to support the nation’s economic growth and stability.

According to Shehbaz Sharif, he gave up his political career to keep Pakistan from going into default, and fortunately, it was not in vain.

He claimed that those who oppose the stability and advancement of the nation are attempting in vain to bring the nation to its knees once more.

According to him, the country’s inflation rate has further dropped, interest rates have risen to 15%, and remittances have hit all-time highs.

“The enemies of national progress and prosperity will not be allowed to succeed in their nefarious objectives,” the prime minister said, vowing to keep up his hard work for the country’s development.

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E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

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Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

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With inflation slowing, the SBP is anticipated to lower the policy rate for the eighth time in a row.

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Businesspeople anticipate another reduction in the policy rate when the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) releases the updated rate.

The interest rate for the upcoming two months will be announced by the central bank. It is still unclear if the rate will stay the same or be lowered to reflect stakeholder expectations.

According to experts, the policy rate will be lowered in order to further boost the nation’s economic sector.

Interest rates may be lowered for the seventh time in a row if the inflation rate declines significantly more than anticipated.

In its last six sessions, the MPC had cut the policy rate by 10 percent. In January 2025, it decreased the rate by one percent to 12pc.

12PC POLICY RATE

In January, the State Bank of Pakistan (SBP) announced cut in key policy rate by 100 basis points (bps) to 12 percent from 13pc in line with expectations of the business community.

The policy rate, which had been at 22 percent since June 2024, was slashed by 1,000 basis points to 12 percent.

The SBP governor said the decision was taken with careful consideration. “Although inflation is expected to decline next month (February), core inflation remains a pressing concern,” he stated.

Ahmed highlighted strong remittance inflows and robust export growth as key factors supporting the current account.

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Bulls in the stock market are still going strong.

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As the bullish trend persisted on the Pakistan Stock Exchange (PSX) on Monday, the KSE-100 index soared beyond the 115,000 level.

The PSX continued its upward trend from the weekend, and the KSE-100 index gained 600 points, reaching 115,048 points in early trading.

The index closed at 114,398 points on Friday, up 685 points.

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