PSX Reaches to 120,000 points due to Ceasefire and IMF

For the first time, PSX has reached 120,000 points due to IMF package approval and a ceasefire between Pakistan and India. Today the market was again positive due to the ceasefire agreement between Pakistan and India. For the first time, the Pakistan Stock Exchange has reached 120,000, which indicates that the PSX today has surged to beyond 2,000 points. There is hope that this time, the FBR will cut taxes, especially on property sales or purchases, and lower slabs on salaried classes. 

Whenever there is a tense situation, any country's stock exchange is bound to collapse, especially Pakistan's, as it is a fact that Pakistan's economy is not up to the level of India or China. However, now things are almost back to normal. Therefore, the stock market is bound to recover as well. Everything is not good, as it is a pity that Pakistan also has to approach the IMF for bailouts and to pay for its external debt. However, it is also a fact that the Pakistani army is one of the strongest armies in the world, which is the reason why Pakistan is still standing. 

Against the backdrop, US President Donald Trump has announced that both Pakistan and India have agreed to a ceasefire, and now both countries will go back to a normal situation after the Kashmir attack. In a backdrop While 26 Pakistani civilians have been martyred and 46 are injured. This is a blatant violation of international laws and an act of war against Pakistan. India has numerous times violated Pakistan's airspace. However, Pakistan has always given a mature response to India. However, this time, even international media like Reuters are reporting that there have been more than 3 jet crashes in India at different locations, including Punjab.