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Pakistan's stock market dipped 1.29% amid IMF talks uncertainty, despite rising remittances and reserves.
The Pakistan Stock Exchange ended Friday down 1.29% at 162,411.25, recovering slightly from an intraday low of the same level amid ongoing uncertainty over IMF negotiations, particularly regarding external financing and a corruption report.
Despite global headwinds, including the U.S. government shutdown and weak oil prices, overseas remittances rose 8.41% year-on-year to $9.54 billion in the first quarter of FY2025–26, with September alone seeing $3.18 billion.
Foreign exchange reserves increased by $20 million to $14.42 billion, and total liquid reserves reached $19.81 billion after a $500 million Eurobond repayment.
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El mercado de valores de Pakistán cayó un 1.29% en medio de la incertidumbre de las conversaciones del FMI, a pesar del aumento de las remesas y las reservas.