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The Pakistani stock market declined in May 2022 as the economy faced challenges. The KSE-100 index fell 4.8% and the KMI-30 decreased 5.4% due to PKR devaluation, rising interest rates, and delays in concluding an IMF agreement. Other developments included a 1.5% increase in the policy rate to 13.75%, higher petrol and diesel prices, and foreign reserves dropping below $10 billion. Key events to watch in June will be the FY23 budget, further IMF talks, an FATF meeting, and support from friendly countries.

Author

wasayraza

Language

EN