Karachi: A bullish trend is being seen at the start of trading on the Pakistan Stock Exchange during business hours.
Today, the Pakistan Stock Exchange saw a rise of 485 points, with the Hundred Index falling to 115,346 points.
It should be remembered that according to the State Bank of Pakistan statistics released yesterday, the current account surplus in November was at its highest level since February 2015 (nine years and eight months). The current account balance in November was $729 million in surplus, the current account surplus in November is at a historic high after the current account surplus in February 2015.
In February 2015, the current account was in surplus of $800 million. In the first five months of the current fiscal year, the current account was in surplus of $944 million. In the same period of the fiscal year 2023-24, the current account was facing a deficit of $1.67 billion. Remittances from overseas Pakistanis played an important role in reducing the current account deficit.
Expressing satisfaction over the achievement of a record current account surplus, Prime Minister Shehbaz Sharif said that for the first time in 10 years, Pakistan’s current account surplus reaching $729 million in November 2024 is very welcome for the country’s economy.
