Markets
Pakistan stock market investor base grows 48% as 190,000 new investors join
Pakistan's stock market investor base grew 48% in a year, driven largely by young investors, as the SECP rolls out new digital reforms
Jul 09, 2026
Jul 09, 2026
Markets
Markets
Naya Nazimabad Apartment REIT to offer 15% stake before PSX listing
Shariah-compliant REIT aims to raise public ownership through a 44.06 million-unit offer as sponsor Javedan Corporation cuts its stake to meet listing requirements
Jul 09, 2026
Jul 09, 2026
Markets
MEPCO returns to profit after PKR 35 billion financial turnaround
Power utility posts PKR 1.05 billion profit after cutting transmission losses and improving bill recoveries over two years
Jul 08, 2026
Jul 08, 2026
Markets
Pakistan to launch retailer tax registration app next week
Mobile platform will enroll small traders under the fixed tax scheme as government targets PKR 50 billion in revenue
Jul 08, 2026
Jul 08, 2026
Markets
Government raises PKR 160 billion in Sukuk auction as strong demand signals further SBP rate cuts
Investor bids reach PKR 653 billion, more than four times the target, while cut-off rentals fall sharply across medium-term Sukuk
Jul 03, 2026
Jul 03, 2026
Markets
Pakistan enters sustainable investment market with SECP's ESG Mutual Funds Framework
The new rules allow asset managers to launch ESG-focused mutual funds, aiming to attract responsible investment while strengthening transparency and climate-focused financing
Jul 02, 2026
Jul 02, 2026
Markets
Pakistan ranks among top buyers as Brazil's cotton exports hit record 3 million tonnes
Pakistan imported nearly 56,000 tonnes of Brazilian cotton in May as Brazil achieved a record export milestone
Jul 01, 2026
Jul 01, 2026
Markets
Ghani Chemical lands OGDCL deal to process natural gas from Sono Lashari Field
Ghani Chemical Industries Limited has secured a five-year contract from Oil & Gas Development Company Limited (OGDCL) to develop and process natural gas from the Sono Lashari Field, with commercial operations expected to begin in the first quarter of 2027.
The company disclosed in a notice to the Pakistan Stock Exchange that it had been awarded Tender No. 308606791 by OGDCL for the development and processing of natural gas from the Sono Lashari Field.
Under the agreement, OGDCL will allocate a designated quota of raw natural gas from the field to Ghani Chemical for processing into value-added hydrocarbon products, including compressed natural gas (CNG), liquefied petroleum gas (LPG), and hydrocarbon condensates, in accordance with agreed technical specifications and contractual terms.
The contract will remain in effect for five years.
Commercial operations targeted for Q1 2027
The company said project implementation will begin after engineering, procurement, regulatory approvals, and site mobilization activities are completed.
Commercial operations are expected to commence in the first quarter of 2027, subject to the timely completion of all required formalities and regulatory approvals.
Ghani Chemical said the project may be executed either directly by the company or through an appropriate group entity, depending on operational, commercial, and regulatory considerations, without affecting its rights or obligations under the contract.
Revenue potential
Based on the current technical configuration and prevailing market conditions, the project has the potential to generate indicative annual revenue of approximately PKR 1.5 billion to PKR 2 billion once commercial operations begin.
The company cautioned that the estimate is preliminary and subject to several factors, including actual gas allocation and availability, product mix, market prices, plant performance, and other operating conditions.
According to the exchange filing, the project is expected to provide the company with an additional recurring revenue stream over the five-year contract period, with its financial contribution beginning after commercial production starts in early 2027.
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Jul 01, 2026
Jul 01, 2026
Markets
Pakistan stocks gain 44% in FY26 as market eyes new record by December
Topline Research expects the KSE-100 Index to reach 203,000 points, backed by IMF-led economic stability
Jul 01, 2026
Jul 01, 2026
Markets
Mari Energies eyes mining, offshore drilling and AI as next growth drivers
Company reports PKR 49.6 billion profit as it outlines plans for offshore drilling, data centers and emissions projects
Jun 30, 2026
Jun 30, 2026
Markets
Pakistan introduces final tax on early life insurance, takaful withdrawals
New Finance Act imposes up to 15% tax on gains from early policy payouts while preserving exemptions for long-term holders, death and disability claims
Jun 30, 2026
Jun 30, 2026
Markets
Retailers warn third schedule expansion could overtax consumers and drive inflation
Chainstore Association says the tax changes will increase prices for footwear, bags and other everyday products
Jun 30, 2026
Jun 30, 2026
Markets
Cnergyico books first US crude cargo for FY27 amid weak fuel demand
Refiner imported 7.1 million barrels of US crude worth USD 745 million in FY26; first FY27 cargo due in July
Jun 24, 2026
Jun 25, 2026
Markets
US-Iran deal lifts PSX: Can stocks break 192,000 points?
PSX gained nearly 4% last week. What could drive the market beyond its previous 192,000 peak?
Jun 22, 2026
Jun 22, 2026
Markets
Pakistan bond yields fall as investors expect further monetary easing
Pakistan’s secondary-market government bond yields declined across all major tenors on Thursday, reflecting growing investor confidence in the macroeconomic outlook, easing inflation expectations, and anticipation of further monetary easing by the State Bank of Pakistan (SBP).
According to data compiled by Topline Securities and the Mutual Funds Association of Pakistan (MUFAP), yields on short-, medium-, and long-term government securities fell compared with both the previous day and the previous week, indicating strong demand for fixed-income instruments in the secondary market.
The benchmark three-month yield declined by 8 basis points (bps) day-on-day to 11.70%, while the one-year yield fell 17bps to 11.84%. The three-year tenor recorded the sharpest daily decline, dropping 30bps to 11.76%.
Longer-dated bonds also posted declines. The 10-year yield eased 1bp to 12.38%, while yields on 15-year and 20-year papers fell to 12.58% and 12.71%, respectively.
On a weekly basis, the decline was even more pronounced. The three-year yield dropped 104bps from 12.80% on June 11, while the one-year tenor fell 100bps. The 10-year yield decreased 55bps over the same period.
The movement suggests investors are increasingly pricing in a lower interest-rate environment amid moderating inflation, a stable exchange rate, and improving external-sector indicators.
Despite the recent declines, bond yields remain significantly higher than levels recorded at the end of 2025. Compared with Dec. 31, 2025, the one-year yield is still up 145bps, while the 10-year yield remains 91bps higher. Year-to-date, however, the pace of increase has moderated substantially following recent market rallies.
The yield curve remained upward sloping, with longer-term securities offering higher returns than short-term instruments. The spread between the three-month yield and the 20-year yield stood at about 101bps, reflecting investors’ demand for additional compensation to hold longer-duration debt.
Economists said the broad-based decline in yields reflects improving sentiment toward Pakistan’s economic fundamentals and expectations that inflation will remain contained in the coming months.
The sharp decline in short- and medium-term yields indicates that market participants expect policy rates to remain on a downward trajectory over the next several quarters.
“The bond market is signaling confidence that inflation risks are manageable despite regional geopolitical uncertainties and fluctuations in international commodity prices,” an analyst said.
Analysts noted that falling yields could help reduce the government’s borrowing costs if the trend continues, easing pressure on debt-servicing expenditures in future budgets.
The decline also comes as investors assess the impact of lower global energy prices and expectations of improved fiscal and external-sector performance in FY27.
Market participants will now closely watch upcoming treasury bill and Pakistan Investment Bond auctions for confirmation of investor appetite and signals about the future direction of monetary policy.
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Jun 18, 2026
Jun 18, 2026
Markets
Select Technologies announces PKR 2.489 billion IPO to expand technology manufacturing
Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, has announced plans to raise PKR 2.489 billion through its Initial Public Offering (IPO) at the floor price, marking a key step in its growth strategy to expand local manufacturing of smart devices and consumer appliances in Pakistan.
The Securities and Exchange Commission of Pakistan (SECP) and Pakistan Stock Exchange Limited (PSX) have approved the issuance, circulation and publication of the IPO prospectus for Select Technologies. The company will offer 88,888,889 ordinary shares, representing 10% of its post-IPO paid-up capital, through the book-building method.
Under the approved structure, 75% of the issue size, comprising 66,666,667 shares, will be offered to eligible investors through book building at a floor price of PKR 28 per share. The maximum price band has been set at up to 50%, taking the cap price to PKR 42 per share. The remaining 25% of the issue, comprising 22,222,222 shares, will be offered to retail investors at the strike price determined through the book-building process. The retail portion will be fully underwritten.
Registration for eligible investors will begin on June 17, 2026, and close on June 23, 2026. The book-building process will take place on June 22 and June 23, 2026, while public subscription is scheduled for July 2 and July 3, 2026.
Arif Habib Limited and Intermarket Securities Limited are acting as joint consultants for the issue.
The IPO proceeds will primarily be used to finance the establishment of a new state-of-the-art production facility at Sundar Green Special Economic Zone, Lahore, for manufacturing and assembling air conditioners. The funds will also support expansion of the company’s television production line, investment in smartphone plant and machinery, and working capital requirements.
Select Technologies manufactures and assembles smartphones, smart TVs, air conditioners and other consumer appliances in Pakistan for globally recognized brands, including Xiaomi and Hisense.
The company has already established a presence in Pakistan’s technology manufacturing sector, holding a 15.5% share in smartphone assembly and a 7.7% share of total mobile devices manufactured in FY2025.
Following the expansion, Select Technologies’ combined annual production capacity is expected to reach 7 million smartphones, 360,000 televisions and 400,000 air-conditioner units. The Sundar Green SEZ facility is also expected to provide strategic tax benefits, including income tax exemption until FY2035, supporting improved margins and long-term shareholder value.
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Jun 16, 2026
Jun 16, 2026
Markets
SECP aims to boost investors to 2.5 million, expand digital finance access
Regulator outlines reforms to strengthen capital markets, simplify investing and modernize Pakistan’s financial system
Jun 16, 2026
Jun 16, 2026
Markets
Chinese consortium plans to deepen investment in Pakistan capital markets
A Chinese consortium plans cross-border ETFs, trading technology upgrades and expanded financial ties with Pakistan after meeting the country's top markets regulator
Jun 15, 2026
Jun 15, 2026
Markets
Stock brokers welcome budget as government avoids new taxes on market
PSBA says policy continuity will boost investor confidence, support listed companies and strengthen capital markets
Jun 15, 2026
Jun 15, 2026
Partner
Oil prices plunge, Asia stocks surge after US-Iran peace deal
Oil dropped over 4% and Asian stocks surged Monday after the US and Iran announced a peace deal, with the Strait of Hormuz set to reopen
Jun 15, 2026
Jun 15, 2026
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