The rupee rose to 156.40 per dollar at the interbank; PSX participates in a bullish trend

Economists believe that effective measures should be implemented as a priority to correct the balance of payment deficit.







In addition to the increasing demand for local dollars, he cited the "balance of payment deficit" as the main reason for the recent rise in the value of the US dollar.







Furthermore, he anticipated that government exports and investment should increase substantially and imports should be reduced to eliminate pressure on the local currency.







According to experts, the government should ensure the implementation of economic policies after the agreement with the IMF.







It is expected that the US dollar exchange rate will fluctuate for some time and after proper implementation of economic policies the value of Pakistan rupee will stabilize.







PSX earns 423 points







The Pakistan Stock Exchange (PSX) posted a positive stance on Thursday as the KSE-100 benchmark gained 423 points to reach 30,668 points. Last Monday, the PSX broke 830 points and closed at 30,520 points.







Recent tensions between Pakistan and India over nuclear weapons following the conflict in Kashmir have prompted investors to take a cautious approach to trade.







In addition, strict policies have been implemented for the stock market collapse since the approval of the financial budget for 2019-2020.







According to a report by JS Global, "The local stock markets have closed positively in the wake of rumors that Pakistan may be excluded from the FATF gray list." Market analysts expect a positive stock market rally in the coming days.











































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