Shares at the Pakistan Stock Exchange (PSX) recovered on Tuesday as an International Monetary Fund (IMF) delegation arrived in Pakistan to discuss the revival of the stalled loan programme.

The benchmark KSE-100 index jumped 585.35 points, or 1.47 per cent, to reach 40,456.62 points at 11:28am.

Arif Habib Corporation Director Ahsan Mehanti said share prices soared on hopes that the stalled IMF programme — which Pakistan needs to stave off default — would be revived after the delegation’s arrival in the country.

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