In partnership with JS Global, we are now opening PSX Investor Accounts. #PSX #PAKISTAN #INVESTING

Pharmaceutical sector receives a major boost following the exemption of Customs Duty on critical cancer-related APIs. Source: @ChaseSecurities #PSX #Pakistan #Pharma #Healthcare #TaxExemption

Pakistan Banking Sector: "#Budget FY27 brings a neutral outlook for the Banking Sector. While no new taxes were introduced, banks miss out on Super Tax relief remaining at 10%. They also face new compliance burdens, including algorithmic data reporting and withholding tax on social media payments." Source: @alhabibcapital #PSX #Pakistán #BankingSector

Pakistan Auto Sector: "The FY26–27 Budget adopts a dual-strategy approach for the electric vehicle (#EV) sector. It aims to drive mass adoption and boost local manufacturing through targeted incentives, while simultaneously increasing taxes on high-end luxury vehicle imports to generate revenue." Source: @alhabibcapital #PSX #Pakistán #Auto

Budget FY27: "Big win for the tech industry as the Final Tax Regime (FTR) has been extended by 3 years up to June 2029." Source: @JSGlobalOnline #PSX #Pakistán #ITExports #DigitalPakistan

AL Habib Capital Markets (Pvt) Ltd.: "The #FederalBudget FY27 represents a continuation of economic stabilization agenda, balancing fiscal consolidation requirements under the #IMF programme with targeted incentives. A key highlight of the budget is the government's commitment to fiscal discipline. The fiscal deficit has been targeted at 3.6% of GDP, while a primary surplus of 2.0% of GDP is expected to be maintained. Nominal GDP is estimated at PKR 143,604bn." #PSX #Pakistán

JS Global on Economic Survey FY26: "Inflation is expected to increase further and remain above the SBO target range in the coming months due to elevated global energy costs and supply chain disruptions. #MPC is expected to maintain a tighter policy stance, anchor inflation expectations, and contain second-round effects of the current supply shock." @JSGlobalOnline #PSX #Pakistán

JS Global on #Budget FY27: "Petroleum levy is expected to grow 12% YoY. We believe this is likely to be achieved with marginal increase in PDL unless #OMC volumes take a hit during the year." @JSGlobalOnline #PSX #Pakistán

Economic Survey FY26: "The industrial sector under performed in FY26. Agriculture rebounded to 2.9% growth (FY25:0.6%), supported by recovery in major crops and continued strength in livestock. Sugarcane and Maize recorded noticeable YoY growth. Large-Scale Manufacturing (#LSM) is expected to grow 6.1% in FY26, marking a significant turnaround from the contraction recorded in FY25." Source: @JSGlobalOnline #PSX #Pakistán

AL Habib Capital Markets (Pvt) Ltd.: "The industrial sector recovered strongly,with LSM growing by 6.1%, while construction expanded by 5.7%. Agriculture maintained positive momentum, supported by higher wheat, rice, and sugarcane production. The KSE-100 Index gained 18.4%, reflecting improving investor confidence and stronger corporate profitability." #PSX #Pakistán #Agriculture #IndustrialSector

Pakistan #AutoIndustry 11MFY26 Review: "#Hyundai reported a relatively subdued performance in May’26, with total sales of 902 units, reflecting a decline of 31% YoY and 10% MoM. Despite the monthly softness, cumulative 11MFY26 sales improved by 22% YoY to 11,586 units, primarily supported by demand from the Tucson and Porter models. In contrast, the #SantaFE and #sonata recorded a 51% YoY& 48%YoYdecline respectively." Source: @alhabibcapital #PSX #Pakistán

AL Habib Capital Markets (Pvt) Ltd.: The Pakistan Economic Survey 2025-26 highlights continued macro economic stabilization and economic recovery during FY26. Real GDP growth accelerated to 3.7% from 3.2%in FY25, supported by grow thin agriculture(2.9%), industry(3.5%),and services(4.1%). The size of the economy increased to Rs126.9 trillion (US$452.1 billion), while per capitain come rose to US$1,901." #PSX #Pakistán #Economy #Survey

Pakistan Auto Sector: "Indus Motor Company (#INDU) performance remained subdued, posting a notable decline of 19% MoM in May’26 with total sales of 3,496 units. On YoY basis company reported a marginal 28% decline in May’26 but on cumulative basis 11MFY26 company managed to sustain growth of 38%, bringing cumulative sales to 41,139 units." Source: @alhabibcapital #PSX #Pakistán #AutoSector

Pakistan Economic Survey 2025-26: "The IT and telecom sector remained a key growth driver,with ICT exports rising nearly 20%,freelancer earnings reaching US$856 million, and broad band subscribers increasing to 161 million." Source: @alhabibcapital #PSX #Pakistán #Technology

Pakistan Auto Sector: "Honda Atlas Cars (#HCAR) reported a moderate sales performance in May’26, with total volumes clocking in at 2,230 units, reflecting a decline of 18% MoM. On a YoY basis, however, the company managed to post an 11% increase in volumes. Cumulatively, HCAR’s 11MFY26 sales maintained strong momentum, rising 52% YoY to 25,043 units." Source: @alhabibcapital #PSX #Pakistán

Pakistan Economic Survey 2025-26: "FY2026 marked another year of economic stabilization and recovery for Pakistan. Despite facing a challenging global environment characterized by geopolitical tensions,elevated energy market volatility,climate related disruptions,and slower global economic growth, the economy demonstrated resilience supported by prudent macro economic policies, fiscal consolidation measures, exchange rate stability,and continued structural reforms under the IMF-supported programme." Source: @alhabibcapital #PSX #Pakistán #Economy

AL Habib Capital Markets (Pvt) Ltd.: "Pak Suzuki Motor Company (#PSMC) maintained its leading position in the local passenger car market during May’26, reporting total sales of 8,856 units. This reflects a notable 60% YoY growth, despite a notable 20% MoM decline from Apr’26. Cumulatively, 11MFY26 sales remained strong at 85,574 units, up 52% YoY. Segment-wise, the company’s 660cc portfolio continued to be the key growth driver, with the Alto contributing 5,964 units in May’26, up 75% YoY." #PSX #Pakistán #AutoSector

JS Global on Ghandhara Automobiles Ltd: "We expect investors interest in #GAL on the back of strong expected earnings for FY26 led by jump in sales. Stronger than expected sales and expected launch of #PHEV remain the key trigger ahead. The stock looks extremely attractive at FY26E P/E of 4.5x." @JSGlobalOnline #PSX #Pakistán #Auto

#Budget Preview FY27 on Pakistan Auto Sector: "A Neutral to Negative outlook develops for Automobiles. #HEV GST is expected to jump significantly from 8.5% to 18%, alongside 18%–25% GST on ICE vehicles. On the bright side, easier financing terms (7-year tenure, 15% down payment) are on the table." Source: @alhabibcapital #PSX #Pakistán #Auto

DG khan Cement: "We like #DGKC on the back of improved margins amid better local and export retentions, keeping it's core business earnings strong. The company is also expected to gain from a favourable outcome of the Royalty case, pending for Punjab based cement players." Source: @JSGlobalOnline #PSX #Pakistán #CementSector

Pakistan Chemical Sector: "The global #petrochemical industry remains under pressure as the Middle East conflict enters its fourteenth week. Vessel traffic through the Strait of Hormuz remains well below pre-conflict levels, limiting naphtha availability. While, naphtha prices have corrected 15% from the recent highs however remains 32.4% higher YoY. As a result, ethylene based producers (mainly #EPCL) continue to face elevated feedstock costs." @JSGlobalOnline #PSX #Pakistán