𝐁𝐮𝐝𝐠𝐞𝐭 𝐅𝐘𝟐𝟕: 𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐚𝐫𝐠𝐞𝐭𝐬 𝐮𝐧𝐝𝐞𝐫 𝐟𝐢𝐬𝐜𝐚𝐥 𝐜𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬 With a Rs20.6trn target and an 18% jump in tax collection required, the government is betting big on income tax and indirect taxes to deliver. Market participants are likely to welcome the budget, as the feared measures against capital markets did not materialize. Super tax rationalization and salary tax relief signal a pro-growth tilt, but interest payments alone consume Rs8trn, nearly 40% of the budgeted revenue. While the budget sends a broadly positive signal to markets, the ambitious revenue targets will put the government's implementation capacity to the test. Watch our Head of Research, Waqas Ghani, CFA and his team unpack FY27 Budget, sector by sector, number by number. youtu.be/yXS91twJtyY #JSGlobal #ExceptionalValuesProductsServices #WaqasGhani #BudgetFY27 #PakistanEconomy

Budget FY27: Ambitious growth targets under fiscal constraints Here’s the research for 13th June 2026, url-shortener.me/N14R #ExceptionalValuesProductsServices #JSGlobal

HSD price down Rs2/ltr to Rs379/ltr Ex-ref. price down Rs9/ltr; PDL up Rs9/ltr PDL, IFEM down Rs2/ltr #ExceptionalValuesProductsServices #JSGlobal

Price down Rs4/ltr to Rs374/ltr Ex-refinery price up Rs10/ltr, PDL down Rs9/ltr, IFEM down Rs4/ltr #ExceptionalValuesProductsServices #JSGlobal

JS Research Beep Pakistan Macros Here’s the research for 12th June 2026, url-shortener.me/N0M7 #ExceptionalValuesProductsServices #JSGlobal

FIPI: Net buying of US$0.8mn broadly led by Banks and E&Ps sectors. #ExceptionalValuesProductsServices #JSGlobal

Foreigners bought US$0.8mn worth of equities today. On LIPI side, Mutual Funds were net buyers of US$4.1mn while Individuals (US$6.3mn) were net sellers. #ExceptionalValuesProductsServices #JSGlobal

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Economic Survey FY26 – Defying headwinds, preserving stability Here’s the research for 12 June 2026, url-shortener.me/N08N #ExceptionalValuesProductsServices #JSGlobal

External payment position FY26TD external payments slightly higher than inflows #ExceptionalValuesProductsServices #JSGlobal

GDP growth trend FY26 growth: 3.7%, led by Services sector #ExceptionalValuesProductsServices #JSGlobal

PSX Leverage Summary 12th June 2026 #ExceptionalValuesProductsServices #JSGlobal

Pakistan Market: Technical Outlook Here's the research for 12th June 2026, url-shortener.me/N03T #ExceptionalValuesProductsServices #JSGlobal

Technical calls of the day 12th June 2026 #ExceptionalValuesProductsServices #JSGlobal

FIPI: Net selling of US$7.7mn broadly led by Cement and Banks sectors. #ExceptionalValuesProductsServices #JSGlobal

Foreigners sold US$7.7mn worth of equities today. On LIPI side, Individuals were net buyers of US$5.6mn while Other FIs (US$1.1mn) were net sellers. #ExceptionalValuesProductsServices #JSGlobal

Autos: 4W sales rise 19% YoY in May-2026 11MFY26 volumes post a growth of 46% YoY #ExceptionalValuesProductsServices #JSGlobal

Petrochem industry remains volatile Here’s the research for 11th June 2026, url-shortener.me/MZ5Y #ExceptionalValuesProductsServices #JSGlobal

PSX Leverage Summary 11th June 2026 #ExceptionalValuesProductsServices #JSGlobal

Pakistan Market: Technical Outlook Here's the research for 11th June 2026, url-shortener.me/MYMT #ExceptionalValuesProductsServices #JSGlobal