Karachi: The KSE-100 Index experienced a significant increase, gaining 1,496 points to close at 173,896. A total of 855 million shares were traded. The day's top performers in terms of price change included FFL, PTC, and FCCL, while BOP, JDWS, and MEHT were the top decliners. The trading activity was primarily concentrated in the technology sector, investment companies, and banks.
In related developments, the push for critical minerals is opening opportunities for Pakistan within U.S. supply chains. Additionally, private sector credit has grown, with the advance-to-deposit ratio climbing to approximately 38 percent.
The small and medium enterprises revival plan has been finalized with the assistance of Kearney, marking a historic achievement in Islamic finance. Meanwhile, the Competition Commission of Pakistan has established the Centre for Economic Competitiveness and Leadership to conduct research.
Pakistan is set to import 88 LNG cargoes from Qatar in 2026 as part of its energy strategy. In a move to streamline operations, the government plans to privatize 25 state-owned entities. The Planning Division has sought the Prime Minister's intervention on unspecified matters, and the State Bank of Pakistan has introduced 'shock covering' measures for banks.
The government is considering imposing taxes on imported electric vehicles, and mobile phone assembly witnessed a 7 percent rise in November. Industry stakeholders have expressed opposition to pricing 5G services in dollars, citing potential impacts on accessibility.
In the sugar industry, the Federal Board of Revenue has sealed two mills for tax law violations. The All Pakistan Textile Mills Association has raised concerns over risks to cotton pricing as the Karachi Cotton Exchange remains closed.
The Pakistan Readymade Garments Manufacturers and Exporters Association warns that increasing costs and disruptions could threaten the momentum of textile exports. The country imported 200,000 metric tons of high-speed diesel in November, although projections suggest that textile exports may decline by 2026.
Challenges persist regarding the Thar rail link, which remains a critical area of focus for industry stakeholders.