Pakistan Stock Exchange (PSX) reached a record high of 76,706 points after budget measures and SBP policy rate cut.
The Pakistan Stock Exchange (PSX) reached a record high of 76,706 points after the government's budget measures brought clarity, with a single-day gain of over 3,400 points post-budget trading. The State Bank of Pakistan (SBP) also slashed its policy rate by 150 basis points. The budget announcement contained a lower-than-expected increase in capital gains tax and maintained the dividend tax, leading to increased investor confidence.
June 16, 2024
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