Outlook: Highs & Lows of 2024

It took a lot of high taxes and the removal of a bunch of subsidies, but Pakistan managed to secure $7bn from the IMF. As usual, the prime minister expressed the idle hope that this would be the last time we take the begging bowl to the lender of the last resort. Bulls in the lead The benchmark KSE-100 Index provided a gain of 75pc from January 01, 2024, till December 20, 2024, including dividends, according to Muhammad Sohail of Topline Securities. A year of bulls, it saw the index cross the 116,000 point for the first-ever but 2024 also witnessed the highest single-day drop of 4,800 points (at the time of writing).