On Friday, Anwaarul Haq Kakar, the caretaker prime minister, praised everyone for working together to get the country back on track.
During the first auction of the Government Ijarah Sukuk Bond at the Pakistan Stock Exchange (PSX), he acknowledged that investor confidence had been restored. He said that this was due to the successful standby agreement with the International Monetary Fund (IMF), the execution of the annual budget for 2023–24, and improvements in both the fiscal and external accounts.
Congratulations to everyone involved in the PSX bond auction. The prime minister also praised the PSX’s current success and stressed how important it is to the national economy. The stock exchange had some problems in 2023 and 2024, but the government fixed fundamental and macroeconomic problems, which was good for the market.
Kakar stressed that the positive mood in the stock market was caused by a stronger economy, the presence of foreign investors, a high yield, and a safe exchange rate. He said again that the government was committed to making the capital market stronger, noting that it plays a stabilizing role and can absorb shocks.
He welcomed Kakar to start the Government Sukuk Auction through the PSX during the event. Shamshad Akhtar was acting as the finance minister at the time. She talked about how important Ijarah Sukuk was as a new and groundbreaking offering that went beyond the State Bank’s usual control over government bonds.
The prime minister rang the stock exchange’s gong as a sign of growth and prosperity, saying that it not only marked the start of market transactions but also summed up all of these things.
