PSX soars 2,296 points after federal budget announcement

Karachi: A strong surge has been witnessed in the stock market just a day after the federal government presented the budget.

On Wednesday, trading at the Pakistan Stock Exchange (PSX) began with a significant gain of 2,296 points, pushing the KSE-100 Index up to 124,314 points.

The positive trend follows the presentation of the federal budget for the fiscal year 2025–26, which was unveiled yesterday. The market’s upward movement and increased trading activity reflect growing investor confidence.

The government presented a Rs17.573 trillion budget that includes a 10% increase in salaries for government employees and a 7% increase in pensions. Additionally, the government proposed a reduction in income tax rates on salaries.