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RESEARCH REPORTS

BMA In Focus: Maple Leaf Cement Factory Ltd. (M...

We reiterate our BUY stance on Maple Leaf Cement (MLCF) with a revised June 2026 Target Price (TP) of PkR 126/share, offering a potential upside of 66

BMA In Focus: IMF EFF Staff Report Review...

The IMF released the staff report on Pakistan’s EFF program. The report discusses Pakistan’s economic performance under the EFF and the country’s perf

BMA In Focus: Pakistan Successfully Concludes F...

Pakistan has successfully concluded the first review of IMF’s Extended Fund Facility (EFF), allowing the country to draw out USD 1.0bn. Cumulative wit

LATEST NEWS

Fitch upgrades country's rating: Macroeconomic ...

Pakistan's economy has been upgraded by Fitch Ratings, acknowledging macroeconomic stabilisation in the outgoing fiscal year, supported by improved fi

Pakistan launches first sovereign Green Sukuk...

In a landmark move toward sustainable and Shariah-compliant public financing, the Government of Pakistan has issued its first sovereign Green Sukuk, w

Pakistan inflation in May seen at 1.5%-2%...

Pakistan's Finance Ministry expects inflation to ease to between 1.5% and 2% year-on-year in May, before picking up to 3%-4% in June, according to the