ISLAMABAD: The Pakistan Stock Exchange (PSX) gained over 1,000 points on Tuesday, driven by investor optimism over ceasefire talks between Pakistan and India boosting regional stability, analysts said.
The KSE-100 index gained 2,769 points to reach 120,067.12 during intraday trading before settling at 118,575.88, up by 1,278.15 points or 1.09 percent from the previous close of 117,297.73.
Pakistan’s stocks had rallied after US President Donald Trump on Saturday announced a ceasefire between nuclear-armed neighbors Pakistan and India.
Both states had exchanged missile, drone and artillery strikes last week amid surging tensions.
“Stocks closed higher as investors weigh Pak-India ceasefire talks fostering stability and the foreign minister’s assurance on thin fiscal impact of conflict,” Ahsan Mehanti, the Chief Executive Officer of Arif Habib Commodities, told Arab News.
Pakistan Finance Minister Muhammad Aurangzeb had also told Reuters in an interview on Monday that the conflict would not have a large fiscal impact on Pakistan. He described the standoff as a “short duration escalation” with minimal fiscal impact, saying it can be “accommodated within the fiscal space which is available to the government of Pakistan.”
Mehanti added that rupee stability, upbeat global equities, and a surge in global crude oil prices also played a catalytic role in the bullish close at the PSX.
Head of Intermarket Securities Raza Jafri highlighted that the KSE-100 was holding its levels following yesterday’s massive rise.
On May 12, Pakistani stocks rose more than nine percent, the highest single-day gain in decades, according to analysts, following a ceasefire with India and the approval of a $1 billion tranche by the International Monetary Fund (IMF), which Pakistan is expected to receive today as part of a larger $7 billion bailout agreement.
“The energy sector continues its rebound — on hopes of circular debt clearance — while news reports of a possible construction package (low-income housing units and mortgage financing) saw the Cement sector rally,” Jafri added.
Pakistan Stock Exchange surges over 1,000 points amid ceasefire optimism
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Pakistan Stock Exchange surges over 1,000 points amid ceasefire optimism
- The KSE-100 index gained 1278.15 points or 1.09 percent and closed at 118,575.88
- Stocks rallied after President Trump announced ceasefire between nuclear-armed neighbors
Pakistan IT exports rise nearly 20 percent to $2.61 billion in first seven months of fiscal year
- January ICT exports climb to $374 million year-on-year
- Sector remains country’s top-earning services export
KARACHI: Pakistan’s information and communication technology (ICT) export earnings rose 19.78 percent year-on-year to $2.61 billion in the first seven months of the fiscal year ending June 2026, the IT ministry said on Tuesday, highlighting the sector’s growing role as a source of foreign exchange.
Pakistan’s IT and IT-enabled services sector has emerged as one of the country’s fastest-growing sources of foreign exchange, generating over $3 billion annually and employing roughly a million freelancers in addition to formal software firms.
Unlike traditional manufacturing exports, the industry relies primarily on remote digital labor, from software development to back-office services, making it resilient during economic crises but constrained by payment barriers, talent migration and infrastructure reliability challenges. However, IT services require minimal imports and benefit from a large pool of young workers and freelancers, making the sector central to government plans to boost dollar inflows and reduce pressure on the balance of payments.
“ICT export remittances surged 19.78 percent, reaching $ 2.61 billion during the first seven months of FY 2025-26 compared to $ 2.18 billion achieved during the corresponding period last year,” the IT ministry said in a statement.
Monthly exports also expanded, with ICT services exports reaching $374 million in January 2026, up 19.5 percent from $313 million a year earlier, according to the ministry’s data.
The ministry said ICT remained the country’s highest-earning services sector, well ahead of “other business services,” which generated $1.21 billion over the same July-January period.
Pakistan has increasingly relied on technology exports, including software development, outsourcing and freelance services, to generate foreign exchange as the economy adjusts under structural reforms and tight import controls following a balance-of-payments crisis.
Officials say continued growth will depend on easing payment bottlenecks, improving digital infrastructure and expanding higher-value technology services beyond traditional outsourcing.
