Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    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
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 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

Pakistan Salary Increase 2025

Pakistan Announces 10% Federal Salary Hike, 30% DRA in 2025 Budget

Pakpattan Infant Deaths

Maryam Nawaz Orders Arrests Over Pakpattan Hospital Infant Deaths

Salman Khan Battle of Galwan

Salman Khan Unveils Intense Battle of Galwan First Look

Post Archives

More Popular from Photonews

Musk Trump Bill
Top NewsWorld

Elon Musk Threatens Lawmakers Supporting Trump’s Big Beautiful Bill

5 Min Read
Lyari Building Collapse
Sindh

Karachi Building Collapse Kills Two, Injures Six in Lyari

2 Min Read
Ferrari Amalfi 2025
Blog

Ferrari Amalfi 2025: Roma Successor Unveiled with Stunning Upgrades

4 Min Read
Sports

LeBron James Faces Fan Backlash Over Orange Purse in France

NBA legend LeBron James sparked controversy on social media when fans spotted him carrying a large…

July 1, 2025
Top NewsWorld

Trump Opposes Netanyahu’s Corruption Prosecution, Citing U.S. Support for Israel

President Donald Trump voiced strong opposition to the ongoing corruption prosecution of Israeli Prime Minister Benjamin…

June 29, 2025
Tech

Apple Considers Outsourcing Siri AI to Anthropic or OpenAI

On July 1, 2025, reports surfaced that Apple may abandon in-house AI development for Siri, opting…

July 1, 2025
Pakistan

PM Sharif Palyed Key to Iran-Israel Ceasefire, Says Mohsin Naqvi

On July 3, 2025, Interior Minister Mohsin Naqvi credited Prime Minister Shehbaz Sharif with a pivotal…

July 3, 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?