Did FATF really cleared out Pakistan’s name from the grey list? PSX to witness another positive surge.

Breaking News

IMF announcement on remaining money is due within 72 hours.

The IMF’s statement for the final tranche is coming today, a last-ditch effort to alleviate market concerns.
Pakistan is anticipated to be removed from the FATF list following an on-site inspection by the Financial Action Task Force by the end of October. According to analysts, Pakistan’s removal from the list will facilitate foreign direct investment and provide a much-needed boost to the country’s faltering economy.
Despite a bloodbath of 1135 points on Monday, the stock market fared well overall in the outgoing week. 362 stocks traded in total, with 108 stocks showing a negative trend, 8 remaining neutral, and 246 showing a positive trend. The fertilizer sector alone lost 40 points in today’s stock market, while the ENP sector-led PSX with 102 points on Friday.

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