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PSX is on a strong uptrend, with the KSE-100 crossing 80,000 points.

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With a notable increase of 999 points, the Pakistan Stock Exchange (PSX) began trading on Friday. This allowed the KSE-100 index to cross the 80,000-point threshold, which had been reestablished following recent economic developments.

At the beginning of Friday’s trade, the index hit 80,016 points. The anticipated completion of a deal with the International Monetary Fund (IMF), which has fueled market optimism, is primarily responsible for the optimistic trend.

The upward trend on the stock exchange was also attributed by analysts to a 2% decline in interest rates and a drop in the price of oil globally.

The stock market closed at 79,017 points at the end of the previous day’s trade.

September 25, the IMF’s Executive Board meeting is scheduled for this Thursday. It is possible that the meeting will approve Pakistan’s new loan package. During a press briefing, Julia Kozack, the Director of Communications at the IMF, verified this.

Focusing on a possible $7 billion loan package, Kozack claims that the IMF’s talks with Pakistan were effectively wrapped up in July. In the face of persistent fiscal constraints, the initiative seeks to support Pakistan’s efforts to promote economic reforms and stability.

Kozack emphasized the significance of the next meeting for the nation’s financial prospects when he said, “The IMF is expected to review and possibly approve the loan program for Pakistan during the board meeting on September 25.”

However, as SBP Governor Jameel Ahmed revealed during an analyst conference that followed the recent monetary policy pronouncement, the State Bank of Pakistan (SBP) has made plans to address the nation’s external financial imbalance.

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Iranian President Offers Condolences for Kurram Terrorist Attack

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Masoud Pezeshkian, the president of Iran, has expressed his sorrow for the recent terrorist assault in Pakistan that claimed dozens of lives and denounced the crime.

The Iranian president said that all types of terrorism must be denounced in a statement. In addition to the relatives of the attack victims, he sent his sympathies to the people and government of Pakistan.

“I will stand by its friendly and brotherly country, Pakistan, and will seriously pursue the fight against terrorism to enhance security and stability in the region,” he added.

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It’s unfortunate that political points were scored. Claims Against Saudi Arabia Show a Desperate Attitude: Dar

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According to Senator Mohammad Ishaq Dar, the deputy prime minister and foreign minister, accusing Saudi Arabia of gaining political points is a sign of a desperate attitude.

In response to the PTI founder’s spouse’s remarks on Saudi Arabia, the Deputy Prime Minister stated, “Pakistan and Saudi Arabia are close friends and brothers.”

According to Dar, Saudi Arabia’s path of growth and prosperity is something they greatly admire. The nation of Pakistan takes pride in its strong ties with Saudi Arabia, which has supported it no matter what.

He said it is unfortunate and shows a desperate attitude to “implice Saudi Arabia for petty political point scoring.”

In order to prevent any political forces from jeopardizing Pakistan’s foreign policy, the deputy prime minister of their political objectives.”

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Examining Drug Mafia: Balochistani Smuggling Operation Started

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Two drug dealers were detained and an international narcotics deal was thwarted in Balochistan by government institutions.

A significant amount of crystal ice was taken from the individuals who were arrested.

The 70 kg of illegal goods that were found are valued about $1 million on the global market.

The arrested person’s cell phone also yielded contact information for the international drug gangs from Afghanistan and Britain.

The Pakistan Security Forces are dedicated to making the nation drug-free.

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