Daily Market & Policy Update – September 10, 2025
Politics & Economy
Pakistan, Kazakhstan strengthen cooperation
Action plan inked: Islamabad and Astana signed an action plan covering trade, defence, technology, and connectivity. The visit also finalized preparations for the Kazakh President’s official trip to Pakistan in November. (Neutral)
Pakistan–Türkiye defence ties deepen
Protocol signed: Both sides agreed to expand collaboration in defence production, technology transfer, and training programs. Economic partnerships in energy, IT, and agriculture were also discussed. (Neutral)
Climate-focused investments discussed
Aurangzeb meets Acumen leadership: The Finance Minister welcomed Acumen’s $90m Agriculture Resilience Fund to support smart farming, food security, and climate adaptation in Pakistan. (Neutral)
Maritime investment opportunities
US delegation visits ports: Officials visiting Karachi, Port Qasim, and Gwadar expressed interest in LNG terminals and bulk cargo handling, seeing strategic potential for Pakistan’s economic development. (Neutral)
Government debt grows
SBP reports Rs9trn increase: Pakistan’s debt stock surged to Rs77.9trn by June 2025, raising the debt-to-GDP ratio to 73.2%. Analysts noted higher repayments but also cited early debt retirement of Rs2.6trn as a rare positive. (Neutral)
Power sector relief
Nepra approves Rs24.5bn refund: Consumers will see a negative adjustment of Rs1.79/unit in their September bills, excluding lifeline and EV users. (Neutral)
Industrial tariff reforms
Cross-subsidy to end, peak rates abolished: The upcoming industrial policy promises lower power tariffs, legal reforms, and protection from regulatory overreach, aimed at boosting exports. (Neutral)
ESG disclosures under review
SECP moves forward: A new Advisory Group met to push disclosure reforms, capacity building, and steps to onboard firms to the ESG Sustain Portal. (Neutral)
Company & Sector Related
Medicines return to market
PPMA chairman: Around 40 life-saving drugs including TB and malaria therapies, are back in production after government price revisions. (Neutral for pharma)
Auto sector outlook brightens
PIDE report: The five-year tariff reform plan is expected to cut vehicle import duties, improve affordability, and stimulate market competition. (Positive for the auto sector)
Refinery exports shift
Refineries eye furnace oil exports: With demand shrinking at home, refiners are exporting surplus furnace oil, reflecting structural shifts in Pakistan’s energy mix. (Neutral for refineries)
Digital lending milestone
BOP launches solution: Bank of Punjab rolled out an industry-first fully digital business loan solution to support small and medium enterprises. (Neutral for BOP)
Board Meetings
- ILP – 10:00 AM
- BCL – 11:30 AM
Currency & Commodities
- USD/PKR: 281.61
- Gold: $3,626.63/oz
- Coal: $86.60/ton
- WTI crude: $63.14/bbl
- Cotton: Rs15,800/maund
Compiled for informational purposes. Markets remain sensitive to fiscal reforms, sectoral policies, and currency movements.
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