The benchmark 100-share index rose 278.08 points, or 0.8pc, to close at 34,939.16 points on Wednesday.
The proposal in this regard has been forwarded by the Ministry of Finance to the ECC.
SBP due to announce monetary policy on Monday.
The most disconcerting issue at the moment is the International Monetary Fund (IMF) three-year bailout package.
Going forward, the earning season announcements could dictate broader market direction in the near term.
Market takes investors on roller coaster ride as sentiment changes between hopes and apprehensions.
Investors say SOEs like State Life, EOBI, NIT and National Bank should rescue the stock market by buying stocks that are
Traders started congratulating each other when the market gained 10pc in January. But the euphoria proved short-lived.
Sectors contributing to upsurge include banks, exploration and production, power and fertiliser.