𝐁𝐮𝐝𝐠𝐞𝐭𝐞𝐝 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝𝐬 𝐟𝐫𝐨𝐦 𝐥𝐢𝐬𝐭𝐞𝐝 𝐬𝐩𝐚𝐜𝐞 @GovtofPakistan @CMShehbaz @PakPMO @MIshaqDar50 @Financegovpk @betterpakistan @Official_PetDiv @MoWP15 @RailwaysGovPk

𝐀𝐊𝐃 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝| 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐁𝐮𝐝𝐠𝐞𝐭 𝐅𝐘𝟐𝟔-𝟐𝟕 | 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐉𝐮𝐧 𝟏𝟑, 𝟐𝟎𝟐𝟔 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐫𝐨𝐯𝐢𝐧𝐜𝐢𝐚𝐥 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐫𝐨𝐨𝐦 𝐟𝐨𝐫 𝐫𝐞𝐥𝐢𝐞𝐟 𝐰𝐡𝐢𝐥𝐞 𝐚𝐝𝐡𝐞𝐫𝐢𝐧𝐠 𝐭𝐨 𝐈𝐌𝐅 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 New provincial grants providing sigh of relief: The Federal Budget for FY27 is projected with a fiscal deficit of 3.6% of GDP primarily due to contribution from provinces to the tune of PkR1.0tn in addition to provincial surplus and an estimated 17.6% growth in tax revenues. Market to remain positive: The budget is positive for the overall market, given the absence of aggressive revenue-generating measures, the abolition of the Super Tax for companies with profitability below PkR500mn, Budget target demands increased coordination with provinces: The government has set an attainable tax revenue increase target of 17.8% in the context of a nominal GDP growth of 12.2% for FY27. Read more research.akdsl.com/639169418… #Pakistan #FederalBudgetFY27 #InitialImpression #GDPgrowth #Economy #percapita #Inflation #Budgetdeficit #FBR #Tax #FederalGoverment #DefenseExpenditure #Salarytax #FiscalDeficit #Revenue #PetroleumLevy @GovtofPakistan @CMShehbaz @PakPMO @MIshaqDar50 @Financegovpk @betterpakistan @Official_PetDiv @MoWP15 @RailwaysGovPk @NHMPofficial @TheNBPak @Financegovpk @investinpak @DrMusadikMalik @abdul_aleemkhan @TararAttaullah @ShazaFK @geonews_urdu @humnews_urdu @Dawn_News @ARYNEWSOFFICIAL @etribune @DunyaNews @Profitpk @Daily_Express @endailypakistan @dailytimespak @Aaj_Urdu @BBCWorld @AJEnglish @MCBBankPk @HBLPak @BankAlfalahPAK @UBLDigital @BAHLOfficial

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗕𝘂𝗱𝗴𝗲𝘁 𝟮𝟬𝟮𝟲-𝟮𝟳 𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗯𝘆 𝗠𝗿. 𝗠𝘂𝗵𝗮𝗺𝗺𝗮𝗱 𝗔𝘄𝗮𝗶𝘀 𝗔𝘀𝗵𝗿𝗮𝗳, 𝗖𝗙𝗔 youtube.com/watch?v=Z3aEpAbx… #Pakistan #Economy #Budget

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 whatsapp.com/channel/0029Vab… #Pakistan #Leverage #MarginFinancing #MarginTrading #KSE100

𝗚𝗼𝘃𝘁 𝗰𝘂𝘁𝘀 𝗽𝗲𝘁𝗿𝗼𝗹 𝗽𝗿𝗶𝗰𝗲 𝗯𝘆 𝗥𝘀𝟰, 𝗱𝗶𝗲𝘀𝗲𝗹 𝗥𝘀𝟮 𝗽𝗲𝗿 𝗹𝗶𝘁𝗿𝗲 𝗡𝗲𝘄 𝗳𝘂𝗲𝗹 𝗽𝗿𝗶𝗰𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗳𝗿𝗼𝗺 𝗝𝘂𝗻𝗲 𝟭𝟯, 𝟮𝟬𝟮𝟲

Federal Budget FY26-27: The Verdict • Fiscal Discipline: Positive • Salaried Relief: Positive • Corporate Earnings: Positive • Exporters & IT: Positive • Construction & Real Estate: Positive A relief-led budget supporting growth while maintaining fiscal discipline. Full AKD Research Budget Review: research.akdsl.com/639168874… #BudgetFY2627 #PSX #AKDSecurities #AKDResearch #PakistanEconomy

Federal Budget FY26-27: Key Economic Indicators • GDP Growth Target: 4.0% • Inflation Estimate: 8.2% • FBR Revenue Target: PKR 15.3tn • Fiscal Deficit: 3.6% • Development Outlay: PKR 3.7tn • Interest Expense: PKR 8.1tn Full Report: research.akdsl.com/639168874… #BudgetFY2627 #PSX #AKDSecurities #AKDResearch #PakistanEconomy

𝗕𝘂𝗱𝗴𝗲𝘁 𝗙𝗬𝟮𝟲-𝟮𝟳 - 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗜𝗻 𝗦𝘂𝗽𝗲𝗿 𝘁𝗮𝘅 whatsapp.com/channel/0029Vab… #Pakistan #economy #Budget

𝗕𝘂𝗱𝗴𝗲𝘁 𝗮𝘁 𝗮 𝗚𝗹𝗮𝗻𝗰𝗲 𝗙𝗬𝟮𝟲-𝟮𝟳 whatsapp.com/channel/0029Vab… #Pakistan #economy #Budget

𝗕𝘂𝗱𝗴𝗲𝘁 𝗙𝗬𝟮𝟲-𝟮𝟳 - 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗜𝗻 𝗦𝗮𝗹𝗮𝗿𝘆 𝗦𝗹𝗮𝗯𝘀 & 𝗧𝗮𝘅 𝗥𝗮𝘁𝗲 whatsapp.com/channel/0029Vab… #Pakistan #Economy #Budget

𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐑𝐚𝐭𝐢𝐨(𝐔𝐈𝐍 𝐖𝐢𝐬𝐞) #𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 #𝐊𝐒𝐄𝟏𝟎𝟎 #𝐏𝐒𝐗

𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐄𝐪𝐮𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐥𝐨𝐰𝐬 #KSE100 #PSX #stockmarket

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 | 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗕𝘂𝗱𝗴𝗲𝘁 𝗙𝗬𝟮𝟳 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗕𝘂𝗱𝗴𝗲𝘁 𝗙𝗬𝟮𝟳 – 𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗜𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻 Budget deficit targeted at 3.6% of GDP, with a primary surplus of 2.0% of GDP (vs. 2.5% in FY26). FBR tax collection target set at PkR15.3tn ( 17.6%YoY), with non-tax revenue at PkR5.3tn. Moreover, gross federal revenue set at PkR20.6tn. Provincial (NFC) share at PkR8.8tn, leaving net federal revenue at PkR11.8tn. Total federal expenditure set at PkR18.8tn, with interest payments amounting to PkR8.1tn (43% of outlay). Federal PSDP held at PkR1.0tn; with provincial PSDP (PkR2.2tn) and SOEs (PkR0.45tn), cumulative national development outlay reaches PkR3.7tn. Full Report research.akdsl.com/639168874… #Pakistan #FederalBudgetFY27 #InitialImpression #GDPgrowth #Economy #percapita #Inflation #Budgetdeficit #FBR #Tax #FederalGoverment #DefenseExpenditure #Salarytax #FiscalDeficit #Revenue #PetroleumLevy @GovtofPakistan @CMShehbaz @PakPMO @MIshaqDar50 @Financegovpk @betterpakistan @Official_PetDiv @MoWP15 @RailwaysGovPk @NHMPofficial @TheNBPak @Financegovpk @investinpak @DrMusadikMalik @abdul_aleemkhan @TararAttaullah @ShazaFK @geonews_urdu @humnews_urdu @Dawn_News @ARYNEWSOFFICIAL @etribune @DunyaNews @Profitpk @Daily_Express @endailypakistan @dailytimespak @Aaj_Urdu @BBCWorld @AJEnglish @MCBBankPk @HBLPak @BankAlfalahPAK @UBLDigital @BAHLOfficial

𝗦𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗲 𝗽𝗿𝗶𝗰𝗲 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿—𝗪𝗲𝗲𝗸𝗹𝘆 𝗦𝗣𝗜 #Pakistan #Economy

𝐊𝐒𝐄-𝟏𝟎𝟎: 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐧𝐠 𝐚𝐛𝐨𝐯𝐞 𝟐𝟏-𝐒𝐌𝐀 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐢𝐞𝐰 — 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 The index opened the session on a negative note and traded within a relatively narrow range throughout the day. It moved between an intraday high of 711 points and a low of 745 points before ultimately closing 276 points higher at 169,704. Market participation showed modest improvement, with trading volumes rising by approximately 14% compared to the previous session. research.akdsl.com/639168520…

𝐓𝐡𝐞 𝐄𝐱𝐩𝐫𝐞𝐬𝐬 𝐓𝐫𝐢𝐛𝐮𝐧𝐞 | 𝐒𝐁𝐏 𝐅𝐨𝐫𝐞𝐱 𝐑𝐞𝐬𝐞𝐫𝐯𝐞𝐬 | 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐉𝐮𝐧 𝟏𝟐 , 𝟐𝟎𝟐𝟔 𝐒𝐁𝐏 𝐟𝐨𝐫𝐞𝐱 𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐬 𝐫𝐢𝐬𝐞 $𝟐𝟓𝐦 𝐭𝐨 $𝟏𝟕.𝟐𝟏𝐛𝐧 “Both fiscal and monetary tightening, along with a strong external account on the back of strong remittances inflows and services exports, have made the PKR appreciate against the US dollar in this fiscal year so far,” 𝐬𝐚𝐢𝐝 𝐀𝐰𝐚𝐢𝐬 𝐀𝐬𝐡𝐫𝐚𝐟, 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐚𝐭 𝐀𝐊𝐃 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝. “In addition, Pakistan has made entry to the international market after four years, where the government was successful in raising $750 million through a Eurobond and became the first country to raise funding from the Chinese market through panda bonds,” 𝐀𝐬𝐡𝐫𝐚𝐟 𝐚𝐝𝐝𝐞𝐝. Read more thenews.pk/print/1420040-sbp… #PSX #IPO #SECP