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The KSE-100 index reaches a height of 82,317 points amid the ongoing IMF accord.

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Supported by the hope that a deal with the International Monetary Fund (IMF) will go through after the global lender mentioned Pakistan in its board meeting set for September 25, the Pakistan Stock Exchange (PSX) also saw a rising trend in the final day of trading.

The KSE-100 index reached a record 82,317 points on Friday as the stock market went beyond the 82,000-point barrier after rising 858 points on Friday.

But in the interbank market, the US dollar is still losing value compared to the Pakistani rupee, trading at Rs277.70 after shedding Rs0.21.

As the KSE-100 index hits an all-time high of 81,972 points, bulls are on the march.

The Pakistan Stock Exchange has been trending upward in the previous several days, helped by the expectation that the International Monetary Fund (IMF) will approve money during its executive board meeting on September 25.

After rising more than 1,500 points in the first half of Thursday, the KSE-100 index now stands at 81,972 points.

The KSE-100 index hit 81,939 points on July 19, 2024, and that must be kept in mind.

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Rs. 209 billion was given to 31,700 young business owners.

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Over the course of the last eight months, 31,700 young entrepreneurs have received an incredible 209 billion rupees from the Prime Minister’s Youth Program through the Prime Minister Youth Business And Agriculture Loan Scheme, a major boost to entrepreneurship and youth empowerment.

The goal of this program is to provide young people with the tools they need to start and expand their businesses, which will eventually result in profitable employment and economic expansion.

With a simple online application process, prospective young entrepreneurs can now readily access the Prime Minister’s Youth Program benefits. Loan facilities are offered to youth through 15 different banks.

This significant accomplishment shows the government’s dedication to creating an environment that encourages young entrepreneurs and allows them to contribute to the growth and prosperity of the nation’s economy.

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DY PM Meets with the Saudi Envoy

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In Islamabad, Saudi Ambassador Nawaf Bin Saeed Ahmad Al-Malkiy paid a visit to Deputy Prime Minister Ishaq Dar.

Both pledged to deepen the already strong and long-standing relationship between the two nations, especially in the fields of investment and trade.

The Ambassador wished the DPM and the Pakistani people a happy Ramadan.

For Saudi Arabia’s government and citizens, Ishaq Dar did the same.

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Ishaq Dar Evaluates Foreign Investment Developments

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A meeting to assess the status of foreign investments in the maritime and aviation sectors was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister and foreign minister.

The meeting was attended by senior officials from many departments, including the secretaries of defence, privatisation, the board of investment, law, and maritime affairs.

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