PM, Finance Minister congratulate on PSX’s unprecedented increase, dollar devaluation

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Prime Minister Shehbaz Sharif and Finance Minister Ishaq Dar have congratulated the nation on the unprecedented increase in the Pakistan stock exchange and devaluation of US dollar.

In a statement, Shahbaz Sharif said that due to the right policies, the signs of economic recovery have started to appear. He said that Nawaz Sharif’s journey of construction and development is starting again from where he had left.

PM Shehbaz said that the country is on the path of development again, a new hope is rising after severe disappointments, so congratulations to the nation.

The Prime Minister said that the confidence of investors and business community is being restored rapidly.

On the other hand, Federal Minister for Finance and Revenue Senator Ishaq Dar wrote in a tweet, “Alhamdulillah congratulations, PSX 100 index has increased by 2334 points.

Ishaq Dar stated that the inflation rate in the country is at 29.4 percent, the inflation rate in May 2023 was 38 percent, while in the open market the dollar has come down to between 270 and 272.

At the start of trading immediately after Eid, the Pakistan Stock Exchange saw a huge boom, due to which the 100 index was up 5.47 percent due to the upper lock, which was restored an hour later.

In addition to the extraordinary increase in the stock exchange, the price of the dollar in the open market has seen a decrease of Rs 5.