PSX Marks 2nd Week of Record Highs

PSX marks 2nd week of record highs

The KSE-100 index of the Pakistan Stock Exchange (PSX) surged 2,351 points, or +2% week-on-week (WoW), to close at 134,300, marking a second week of gains driven by a strong earnings outlook, record remittances and positive macro news. Major boosts came from a US-Pakistan trade deal, $2 billion investment from Azerbaijan and rising Panda bond expectations. The State Bank's foreign currency reserves hit a 39-month high at $14.5 billion. Commercia…

Pakistan Sees Record $38.3 Billion in Remittances

Pakistan received a record $38.3 billion in workers’ remittances during FY25, marking a 27% surge from $30.3 billion in FY24, according to State Bank data released Wednesday. The $8 billion year-on-year increase underscores strong overseas support despite economic headwinds. In June 2025 alone, remittances totaled $3.406 billion—up 8% from June 2024 but down 8% from May 2025. Saudi Arabia remained the top source, contributing $823 million (up 2%…