We reiterate our BUY stance on Fauji Cement (FCCL) with a Jun24 target of PkR 20/sh (upside 79%). Our favorable view is underpinned by: 1) the proj
We estimate Pakistans CPI inflation to register at 31.2% during Sep23 as against 27.4% during Aug23 and 23.2% during Sep22. Monthly inflation is e
Recent weeks have witnessed the resurgence of macroeconomic concerns, characterized by an escalation of inflationary pressures, a notable uptick in