Zaman added that the policies introduced by financial institutions during the tenure of the PTI-led government provided a very enabling environment for the businesses.

Crude exports grew by 300,000 barrels a day in April

According to the provisional report, overseas Pakistani’s from Saudi Arabia remitted $677.8 million in the month of March, making it the largest remitting partner of Pakistan.

The rupee had ended at 186.60 to the dollar on Monday, after recovering from 188.18. Meanwhile, the Pakistan Stock Exchange (PSX) has soared by 200.71 points so far, crossing 46,345 points.

The market opened at 44,444 and recorded its highest of 46,023 before the clock struck 12. The current market index at midday stands at 45,975.

The Sahulat Account would open up a lot of investment opportunities for potential investors such as students, homemakers, and freshly employed people who were previously reluctant to invest in the bourse because of the long and tiring account opening process.

Despite the prevailing political situation, the stock market exhibited a quick recovery. The market around midday stood at 44,143.3 points after recording a 0.5 percent change since it opened.

The number of accounts has also been increased from 365,182 in February to 388,494 in March 2022, which means some 23,312 new accounts were opened in March.

At midday, the market index stood at around 44,335 after experiencing a contraction of 1.8 percent. After reaching its peak of 45,152 points, the market plummeted to its lowest of 44,051 points.

Market participants have been concerned about global supplies since Russia's invasion of Ukraine in late February. Sanctions imposed on Russia over the invasion disrupted oil supplies and drove oil prices to nearly $140 a barrel, the highest in about 14 years.

In the nine months of the current fiscal year, Pakistan recorded an increase of $4.6 billion in the value of exports as compared to the previous fiscal year.

In February 2022, exports reached a value of $100 million per day, and the government plans to increase exports to around $40 billion, almost twice the size at which the exports were valued when the PTI government came into power.