Karachi: Pakistan Stock Exchange (PSX) reached a historic milestone as it crossed the 100,000-point mark for the first time. Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, marked the occasion by striking the gong at a ceremony attended by key figures from the financial sector.

According to Ministry of Planning Development and Special Initiatives, the event was attended by PSX Chairperson Dr. Shamshad Akhtar, MD & CEO PSX Farrukh H. Sabzwari, board members, senior bankers, and other stakeholders. Dr. Akhtar highlighted the significance of the achievement, considering it a testament to Pakistan’s potential and the PSX’s role in financing long-term development projects.

Minister Iqbal congratulated the PSX leadership on behalf of Prime Minister Shehbaz Sharif, emphasizing that the crossing of the 100,000 mark in the KSE-100 Index underscores Pakistan’s economic resilience. He attributed the achievement to the government’s economic policies, noting a significant drop in inflation and a robust stock market performance.

The Minister reflected on the challenges faced by the country in 2022 and credited difficult decisions, such as energy price adjustments and election delays, for averting a financial crisis. He expressed confidence in Pakistan’s future economic trajectory, drawing comparisons with the transformative economic journeys of countries like Bangladesh, Malaysia, and Turkey.

MD/CEO PSX, Farrukh H. Sabzwari, acknowledged the trust of investors, noting that the milestone aligns with efforts to increase investor participation and company listings. The ceremony underscored the collaborative contributions of all stakeholders in reaching this significant point, with an optimistic outlook for the nation’s economic future and the capital market’s central role in it.