Pakistan's benchmark share index scored its biggest single-day jump in 15 years on July 3, gaining around 6 percent on the first trading session after the country secured a last-gasp funding deal from the International Monetary Fund (IMF). The country on June 30 secured a $3 billion short-term financial package from the IMF, giving its economy some much-awaited respite as it teeters on the brink of default. "Investors' confidence is sharply reviving as a result of the staff-level agreement with the IMF and $3 billion standby arrangement," Prime Minister Shehbaz Sharif said in a statement. To read the original story by Reuters, click here.
Pakistan Shares See Biggest One-Day Gain In 15 Years After IMF Deal
A customer buys rice at a wholesale shop in Karachi.