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PSX Hits Record 118,000 Points as PM Shehbaz Announces Power Tariff Cut
Stock market soars! The PSX KSE-100 index reaches an all-time high of 118,938 points after PM Shehbaz announces a Rs7.41 per unit power tariff cut. Investors react positively to economic relief measures!
ND
by News Desk
2025-04-03
PSX Hits Record 118,000 Points as PM Shehbaz Announces Power Tariff Cut

The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday, with the KSE-100 index crossing 118,000 points following Prime Minister Shehbaz Sharif’s announcement of a major power relief package aimed at reducing electricity tariffs for consumers.

The benchmark KSE-100 index jumped by 1,131.37 points (0.96%), closing at 118,938.11, up from the previous 117,806.74 points.

Power Tariff Cut Spurs Market Optimism

The stock market rally was largely driven by PM Shehbaz’s announcement of a Rs7.41 per unit reduction in power tariffs, which is expected to provide relief to households and industries alike. Speaking in Islamabad, the premier stated that the move was designed to ease the financial burden on consumers and stimulate economic growth.

Samiullah Tariq, Head of Research & Development at Pak-Kuwait Investment Company Ltd, attributed the market’s bullish momentum to the government’s power tariff relief.

Mohammed Sohail, CEO of Topline Securities, echoed similar sentiments, noting that investors responded positively to the reduction in electricity costs, as it would benefit industries and encourage business growth.

Government Holds Fuel Prices, Transfers Savings to Electricity Sector

Despite earlier speculation about a potential Rs13 per litre cut in petrol prices, the government chose to maintain current fuel prices, redirecting the financial impact to electricity consumers instead.

This move aligns with the government’s broader economic strategy, which recently included securing a $1.3 billion IMF agreement and passing the first review of the ongoing 37-month bailout program.

However, the IMF had only approved a Re1 per unit cut in power tariffs for industrial captive power plants, raising questions about the sustainability of the government’s broader relief measures.

Market Outlook

With investor confidence at an all-time high, analysts predict continued bullish momentum in the PSX, provided that economic and fiscal policies remain stable. The stock market’s performance will be closely watched as Pakistan navigates its financial obligations with the IMF and domestic economic challenges.
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PSX

StockMarket

PakistanStockExchange

KSE100
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