Pakistan stocks surge to record highs | Nukta

Positive sentiments were driven from last week’s rate cut of 200 bps as well as IMF’s board meeting scheduled for September 25. Moreover, inflation is expected to fall further and the reading could come below 9 percent helped by declining global oil prices. This would also lower the import bill for Pakistan. The current account showed a surplus of US dollar 75 million for August.
The US Federal Reserve began its rate cut cycle this week with a cut of 50 bps, and the rupee strengthened to close the week at 277.83 against the US dollar.
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[@khurrammemon1005]

Shuja is one of the pioneers when it comes to reporting #PSX I think you're at CNBC Pakistan too, great initiative.