Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: PSX Plunges 2,000 Points as IMF Tariff Concerns Spook Investors
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
KSE-100 Index Jumps 1,609 Points as Pakistan Stock Market Recovers
PhotoNews Pakistan > Business > PSX Plunges 2,000 Points as IMF Tariff Concerns Spook Investors
Business

PSX Plunges 2,000 Points as IMF Tariff Concerns Spook Investors

Web Desk
By Web Desk Published March 24, 2025 3 Min Read
Share
Graphic logo Image of Karachi Stock Exchange and Pakistan Stock Exchange
SHARE

The Pakistan Stock Exchange (PSX) suffered a sharp reversal on Monday, with the benchmark KSE-100 index plummeting 2,002.55 points (1.69%) to close at 116,439.62 points.

The sell-off followed growing concerns about Pakistan’s negotiations with the International Monetary Fund (IMF) regarding electricity tariff reforms.

Key Market Drivers:

  • IMF Stalemate: The Fund expressed concerns over unadjusted electricity tariffs and unchanged property taxes
  • Broken Promise: Investors reacted negatively after the Prime Minister failed to announce an expected Rs8/unit power tariff reduction in his March 23 address
  • Program Delay: The impasse is holding up a staff-level agreement for the $7 billion Extended Fund Facility’s first review

Energy and chemical stocks led the decline, with OGDC, ENGRO, FFC, PPL, and MARI collectively dragging the index down by 811 points. Trading volumes reached 311 million shares with Rs20 billion in turnover, as PAEL emerged as the volume leader with 28 million shares traded.

Broader Economic Context:

  1. IMF Negotiations: While the Fund approved revising FY25 tax targets down to Rs12.35 trillion, critical energy sector reforms remain unresolved
  2. Manufacturing Slump: Large-scale manufacturing contracted 1.2% year-on-year in January
  3. Security Concerns: Recent terrorist attacks in KP and Balochistan contributed to a 45% year-on-year drop in February FDI ($95 million)
  4. Monetary Policy: Despite the SBP cutting rates from 22% to 12% since June 2024, industrial output continues to struggle

Expectations of an imminent IMF agreement and power sector debt resolution had fueled last week’s six-week bullish streak. However, Monday’s plunge reflects growing investor anxiety about Pakistan’s ability to implement the required reforms. Analysts suggest market volatility will persist until clarity emerges on the IMF front and concrete measures address the energy sector’s structural issues.

Read: Pakistan Stock Exchange Sees Slight Decline as KSE-100 Drops by 0.28%

The PSX performance underscores the fragile balance between Pakistan’s reform agenda and investor confidence. Electricity pricing is the latest flashpoint in ongoing economic stabilization efforts. Market participants await decisive government action to restore momentum and secure the next IMF tranche of $1.1 billion.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Meta AI coding interviews 2025

Meta Introduces AI-Enabled Coding Tests to Job Interviews

Hokkaido Tsunami Waves

Tsunami Waves Hit Hokkaido After Major Earthquake in Kamchatka

Keanu Reeves stolen watches recovered

Chilean Authorities Recover and Return Keanu Reeves’ Stolen Watches

Post Archives

More Popular from Photonews

BYD Pakistan EV plant 2025
Tech

BYD to Launch First Pakistan-Assembled EV by Mid-2026

2 Min Read
Joe Root Test run-scorers
Sports

Joe Root Climbs to Third in All-Time Test Run-Scorers, Surpasses Dravid and Kallis

3 Min Read
Sydney Sweeney American Eagle controversy
Entertainment

Sydney Sweeney’s American Eagle Ad Sparks Controversy Over “Good Genes” Line

3 Min Read
Pakistan

Pakistan Bans Road Travel for Arbaeen to Iraq and Iran

On July 27, 2025, Interior Minister Mohsin Naqvi announced a ban on road travel for Pakistani…

July 27, 2025
Top NewsWorld

Trump Alleges Conspiracy: Name Planted in Epstein Files by Political Enemies

Former President Donald Trump recently expressed a conspiracy theory during a visit to Scotland. He claimed…

July 29, 2025
Business

Pakistan to Fully Deregulate Sugar Sector Under IMF Conditions

The federal government of Pakistan has decided to end its direct intervention in the sugar sector,…

July 30, 2025
Business

Samsung Secures $16.5 Billion Deal to Produce Tesla AI Chips in Texas

Samsung Electronics Co. has secured a $16.5 billion (22.8 trillion won) multi-year contract with Tesla Inc.…

July 28, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?