Beyond the Gun Salutes, Rs3tr

Before most of the country had fully woken up this morning, the guns had already spoken. 31 guns were fired in Islamabad, and 21 in each provincial capital as Pakistan marked Defence Day, commemorating 61 years since the 1965 war.

PSX in August

Cracking the Seal on APAG's IPO

This is a forensic review of Agro Processors & Atmospheric Gases Limited's PSX Main Board IPO, our own findings first, the CEO's written answers in full, and where we land.

Tasdeeq IPO: Real Moat, Rosy Math

Tasdeeq Information Services Limited, Pakistan's first SBP-licensed credit bureau, is about to become the first company of its kind to list on the Pakistan Stock Exchange. For an ordinary investor, that novelty is exactly the problem: there is no other listed credit bureau in Pakistan to compare it against, no long trading history to study, and only one profitable year on the company's books.

MPC in Pause Mode Today

The central bank is expected to keep its benchmark policy rate unchanged at 11.5% in today’s Monetary Policy Committee (MPC) meeting, extending a cautious pause as policymakers weigh improving domestic fundamentals against mounting external uncertainties.

Karachi at 170: Judged Against the Impossible

When the Economist Intelligence Unit (EIU) ranked Karachi 170th out of 173 cities in its 2026 Global Livability Index, the verdict appeared damning. The headlines wrote themselves: Karachi is among the world's least livable cities.

PSX in FY26: Rides Out the Storm

FY26 will be remembered as another landmark year for Pakistan's equity market. Riding on improving macroeconomic fundamentals and renewed investor confidence, the KSE-100 Index surged by 54,674 points, or 43.52%, to settle at a record 180,301.70 points.

COMMENTARY ON FINANCE ACT 2026-27

The Finance Bill, 2026 was presented in the National Assembly on 12 June 2026 as part of the Federal Budget 2026–27. Following deliberation and approval by Parliament, the President of Pakistan, under Article 75 of the Constitution of the Islamic Republic of Pakistan, assented to the Bill, which has now become the Finance Act, 2026 and is effective from 1 July 2026.

Street sees June inflation at 11.68%

Pakistan’s headline inflation for June 2026 is set to ease modestly from May’s reading, according to a consensus of seven brokerage house estimates compiled by Mettis Global, even as base effects keep the year-on-year print elevated in double digits for a third consecutive month.

KAPCO Investment Analysis: 8 Key Catalysts & Strategic Outlook

Kot Addu Power Company Limited (KAPCO) is at an inflection point driven by eight interlocking catalysts: a reinstated hybrid PPA, an imminent switchyard tariff, a transformational entry into cement via ACPL, a fortress balance sheet generating passive income, a recovering dividend profile, a possible FFC/FF group consolidation bid, credible EPS/dividend estimates for FY26–27, and a credible path to Shariah-compliance.