Pakistan’s KSE-100 index hits record high as new fiscal year begins

Staff member mops the floor at the Pakistan Stock Exchange in Karachi on May 26, 2025. (AN Photo/File)
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Updated 01 July 2025
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Pakistan’s KSE-100 index hits record high as new fiscal year begins

  • Pakistan Stock Exchange touches all-time high of 128,475.69 points during intra-day trading
  • PM Shehbaz Sharif reaffirms commitment to improving ease of doing business in the country

ISLAMABAD: Pakistan’s KSE-100 Index surged to an all-time high of 128,475.69 points on Tuesday, the first day of the new fiscal year, with Prime Minister Shehbaz Sharif calling it a sign of growing investor confidence in the economy and government policies.

By market close, the benchmark index settled at 128,199.42, up 2.05% or 2,572 points from the previous close of 125,627.31. More than 336 million shares had changed hands, according to market data.

“The stock market’s record-high performance is evidence that business leaders and investors are growing increasingly confident in the economy and in the government’s policies with each passing day,” the prime minister said in a statement issued by his office.

The milestone builds on a strong showing in the previous fiscal year, when the KSE-100 Index rose by 60%, according to Karachi-based Topline Securities.

The brokerage credited the performance to macroeconomic stability, improved credit ratings and a shift toward looser monetary policy.

Sharif also noted the stock market’s performance was reflective of the country’s economic gains.

“The past year’s gains were the result of effective economic planning and policy execution,” he said, adding the new fiscal year would serve as a milestone in Pakistan’s journey toward long-term stability.

Pakistan is seeking to consolidate its financial recovery after years of economic turbulence.

In recent years, the country has undertaken difficult structural reforms under International Monetary Fund loan programs aimed at curbing fiscal deficits and restoring investor trust.

Sharif also thanked the business community for its support and reiterated his government’s commitment to strengthening the investment environment.

“We are grateful to our business community and investors who continue to support the government in its efforts for national progress and prosperity,” he said.

“The government remains committed to improving the ease of doing business and creating a more investment-friendly climate.”

The prime minister also commended his economic team for helping deliver a strong start to the new fiscal year.


Pakistan marks Peshawar school attack anniversary with renewed vow against terrorism

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Pakistan marks Peshawar school attack anniversary with renewed vow against terrorism

  • President recalls children killed in 2014 school massacre in Peshawar
  • Attack remains one of the deadliest assaults on students globally

ISLAMABAD: Pakistan on Tuesday marked the 11th anniversary of the 2014 Army Public School (APS) terror attack in the northwestern city of Peshawar, with President Asif Ali Zardari reaffirming the country’s commitment to defeating terrorism and honoring the victims of one of the deadliest school massacres in modern history.

On December 16, 2014, gunmen affiliated with the Pakistani Taliban (TTP) stormed the APS campus in Peshawar, killing more than 150 people, including over 130 children, in an hours-long siege that shocked the country and drew international condemnation. The attack targeted students and staff and remains a defining moment in Pakistan’s fight against militancy.

The massacre prompted a nationwide crackdown on extremist groups, leading to the launch of major military operations and a series of counterterrorism measures, including the National Action Plan, aimed at dismantling militant networks and curbing violent extremism. While militant violence declined in subsequent years, Pakistan has seen a renewed surge in attacks since 2022, particularly in Khyber Pakhtunkhwa and Balochistan provinces.

“Today we remember the innocent children and staff of the Army Public School whose lives were taken in the brutal terrorist attack on 16 December 2014,” President Zardari said in a message issued on the anniversary. “Their sacrifice remains a solemn reminder of the heavy price our nation has paid in the fight against terrorism.”

He said Pakistan’s resolve against militancy remained unwavering, stressing that there could be “no soft corner for terrorists or those who support, finance, shelter or justify them,” and that there would be no negotiations with those who take up arms against the state or target civilians.

The president also condemned what he described as ongoing Indian-sponsored militancy in Pakistan, saying Islamabad would continue to expose hostile activities and defend its people, an allegation New Delhi has consistently denied.

Zardari paid tribute to the country’s security forces, law enforcement agencies and intelligence services, saying their efforts had prevented many attacks and would continue until all perpetrators and facilitators were brought to justice.

“The memory of the APS martyrs strengthens our resolve,” he said. “Pakistan will never allow the enemies of peace to succeed.”

The APS attack remains one of the world’s deadliest assaults on students and continues to shape Pakistan’s domestic security policies and public discourse on counterterrorism, education safety and extremism.