PM felicitates nation as shares at Pakistan Stock Exchange surge over 2,000 points

PM felicitates nation as shares at Pakistan Stock Exchange surge over 2,000 points

Islamabad (Web Desk): Prime Minister Shehbaz Sharif on Monday congratulated the nation and the business community on the start of business activities at Pakistan Stock Exchange with an extraordinary surge of 2,231 points on the opening day of the week.

In a statement, the premier said that signs of economic recovery have started coming forth as a result of our continuous hard work and sound policies.

"The journey of economic development, decrease in inflation and progress of Pakistan is restarting from the point where it was left by our Quaid Muhammad Nawaz Sharif and the country is again on the track of development," PM Shehbaz said.

The prime minister congratulated the nation saying that a new Sun of hope is rising after severe disappointments and investors and the business community are rapidly reposing trust as a result of the staff level agreement and the $3 billion Standby Arrangement with the International Monetary Fund (IMF).

"We are leading Pakistan towards path of development with the same spirit under which Pakistan was rid of the energy crisis, terrorism and other issues during 2013 and 2018," PM Shehbaz said, adding that we have to continue our journey of national development and economic stability in the same direction and with the same passion and diligence.

The prime minister said now the journey of development will get pace in all other sectors including agriculture, Information Technology and industry.

"We will get the masses rid of growing inflation, and youth will be provided with employment, business and economic self-reliance," PM Shehbaz vowed.

It is pertinent to mention that following Pakistan’s agreement with the IMF, the Pakistan Stock Exchange (PSX) opened with a surge of 5.38%, or 2,231 points on Monday. The PSX benchmark rose to 43,684 points in the opening session.