Shehbaz Sharif, the Prime Minister of Pakistan, underlined the urgent need to adopt reforms within the Federal Board of Revenue in order to improve efficiency and achieve positive results.

The trading week saw a positive trend on the Pakistan Stock Exchange. The 100 Index bounced back, rising 238 points to 114,075.

Additionally, the 100-Index gained pace during the session, rising 293 points to close at 114,108.

The market’s upswing is attributed by experts to heightened investor confidence. Another important factor in bolstering the stock market is improved global conditions and economic policy.

Experts predict that more advancements in the days ahead are possible if this trend keeps up. It is recommended that investors use caution when keeping their money in the market.

The open market exchange rate between the US dollar and the Pakistani rupee was Rs 278.1 on January 16, 2025, while the selling rate was Rs 279.8. The interbank exchange rate between the US dollar and the Pakistani rupee is Rs 278.45, according to Interbank.

There was no movement in the US dollar (USD) from the previous closure of Rs278.