Pakistan stock market sees ‘slower’ activity as investors remain cautious before budget

Stockbrokers interact during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on May 12, 2025. (AFP/File)
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Updated 19 May 2025
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Pakistan stock market sees ‘slower’ activity as investors remain cautious before budget

  • KSE-100 index surges 40.49 points or by 0.03 percent to reach 119,689.63 points
  • Pakistan is set to unveil its federal budget for the upcoming fiscal year 2025–26 in June

ISLAMABAD: The Pakistan Stock Exchange (PSX) surged by only 0.03 percent when trading ended on Monday, with a financial analyst attributing it to “slower trading activity” as investors remain cautious ahead of the upcoming federal budget to be announced by the government. 

Pakistan’s federal budget for the next fiscal year, starting July, will be finalized within the next three weeks. Pakistan’s scheduled budget talks with the International Monetary Fund (IMF), which began on May 14 are scheduled to take place till May 23, the finance ministry had said.

The KSE-100 index surged by 40.49 points or 0.03 percent to reach 119,689.63 points when the market closed at 4 p.m. on Monday, data from the Pakistan Stock Exchange (PSX) said. 

“The KSE100 has started the week on a muted note, which is reflecting in slower trading activity,” Raza Jafri, head of Intermarket Securities, told Arab News.

“It is possible that investors are waiting for the FY26 Budget, expected in early June, before they become more active.”

Pakistan’s stock market suffered an upheaval triggered by the most intense military row between Pakistan and India in years earlier this month. The two nuclear-armed nations agreed to a US-brokered ceasefire on May 10 after pounding each other with missiles, drones, artillery and fighter jets for four days. 

The crisis triggered a 12 percent decline in the Pakistani stock market from April 23 till May 8.
However, the market recovered nearly all of its losses last week, climbing more than 3,500 points.


Pakistan warns of landslides, avalanche in hilly areas, urges caution

Updated 25 January 2026
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Pakistan warns of landslides, avalanche in hilly areas, urges caution

  • At least nine people were killed when an avalanche struck a house in Chitral district this week
  • Heavy snowfall may trigger road closures in several areas from Jan. 26 to 27, Met Office says

ISLAMABAD: The Pakistan Meteorological Department (PMD) on Sunday warned of possible landslides and avalanches in hilly regions in the country’s north, urging residents, travelers and tourists to exercise caution.

Cloudy weather with intermittent rain, thunderstorm and snowfall is expected in Khyber Pakhtunkhwa (KP), Azad Kashmir, Gilgit-Baltistan, Balochistan and upper Punjab, while heavy rain with moderate to intense snowfall are likely in hilly areas on Jan. 26-27. Rain or thunderstorms are also likely in southern Punjab and upper Sindh during this period.

Heavy snowfall may cause road closure, slippery conditions in Naran, Kaghan, Dir, Swat, Kalam, Chitral, Kohistan, Mansehra, Abbottabad, Shangla, Astore, Hunza, Skardu, Murree, Galliyat, Neelum valley, Bagh, Poonch, Haveli, Quetta, Ziarat, Chaman, Pishin, Qilla Abdullah, Qilla Saifullah, Noushki, Harnai and Zhob, according to the PMD.

“[There is a] possibility of the landslides/avalanche in hilly areas of upper Khyber Pakhtunkhwa, Gilgit-Baltistan and [Azad] Kashmir during the period,” the Met Office said in a statement.

“Tourists are advised to remain extra cautious and avoid unnecessary traveling during the forecast period.”

The PMD statement came two days after at least nine people were killed while an injured child was rescued after an avalanche struck a house in KP’s Chitral district, according to officials.

Rescuers evacuated dozens of residents and tourists as heavy snow blocked roads in Khyber, South Waziristan and Swat districts, where authorities cleared routes and provided food, clothing and bedding, the Rescue 1122 service said.

Tens of thousands of tourists flock to Pakistan’s scenic north every winter to witness snowfall, often neglecting warnings from disaster management authorities.

In Jan. 2022, at least 21 people, including children, died after they were stuck in freezing temperatures during a snowstorm in the Pakistani hill station of Murree.