The Pakistan Stock Exchange (PSX) continued positive momentum and gained more than 1200 points on Monday as China has rolled over $3.4 billion of commercial loans to Pakistan, the 24NewsHD TV channel reported on Monday.
During the final session of trading, the KSE-100 index has gained 1248.25 points or 0.99 percent to reach 125,627.31 points amid hopes that buying activity will increase in the coming hours.
Earlier on Friday, the benchmark concluded the week with a bullish trend as it gained 2,332.60 points, a positive change of 1.91 percent, closing at 124,379.07 points.
A total of 773,409,701 shares worth Rs 7.567 billion were traded during the day. As many as 484 companies had transacted their shares in the stock market; 334 of them recorded gains and 116 sustained losses, whereas the share price of 34 companies remained unchanged.
Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the source said.
Govt moves to implement uniform power tariff from July 1
In a major move to streamline electricity pricing across the country, the federal government has approached the National Electric Power Regulatory Authority (NEPRA) to implement a uniform power tariff system, effective from July 1, 2025.
According to sources, the Power Division has submitted a formal request under Rule 17 of NEPRA Tariff Rules 1998, aiming to put all electricity consumers—regardless of their region—on an equal footing.
The application proposes incorporating both subsidy adjustments and inter-Discos (distribution companies) rate rationalisation into the new tariff structure.
The goal is to set equal power rates nationwide, which is expected to cut out disparities among different areas and ease billing complications.
Reporter: Kawaish Memon