KARACHI :Pakistani stocks jumped more than 2 per cent shortly after opening on Friday, reacting positively to an overnight decision by the government to end a months-old freeze on fuel prices.
"The market is reacting to the government's move to withdraw fuel subsidies," Saad Hashemy, executive director at BMA Capital Management, told Reuters."It shows the government's resolve to address teething issues in the economy and will pave the way for the IMF program and other funding sources."
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