External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul><li>The United States of America (USA) has announced revised reciprocal tariffs on trading partners on Jul 31, 2025. This was as per the Aug 01, 2025 deadline announced by the US government for making negotiations with trade partners over tariffs.</li><li>To recap, Pakistan exports US$6bn goods to USA (18%) and is country’s largest trading partner.</li><li>Last night, revised tariffs were announced by the US government, wherein Pakistan will now face reciprocal tariffs of 19% compared to earlier rate of 29%, reducing the impact by around 10ppts. However, some of the peer countries who were at much higher bracket before are almost at par with Pakistan now.</li></ul>

The United States of America (USA) has announced revised reciprocal tariffs on trading partners on Jul 31, 2025. This was as per the Aug 01, 2025 deadline announced by the US government for making negotiations with trade partners over tariffs.To recap, Pakistan exports US$6bn goods to USA (18%) and is country’s largest trading partner.Last night, revised tariffs were announced by the US government, wherein Pakistan will now face reciprocal tariffs of 19% compared to earlier rate of 29%, reducing the impact by around 10ppts. However, some of the peer countries who were at much higher bracket before are almost at par with Pakistan now.

Pakistan Market - Pakistan To Face 19% Reciprocal US Tariffs; Better Than India, But Largely At Par With Vietnam And Bangladesh

Research from e27, e27

Research from e27

e27 is Asia's largest Tech media platform. We cover the latest news on emerging and disruptive businesses across the region.

Private Capital Markets

<ul><li><p>Iinsurance startup Medici claims it has hit double-digit m-o-m growth and has 35+ branches across almost 40 provinces.</p></li><li>Vietnamese healthtech and insurance startup Medici has received an undisclosed sum in a Series A round led by existing backer Jungle Ventures.</li><li>The company will use the money to improve its technology infrastructure to capture the tremendous growth opportunity of Vietnam’s insurance and healthcare market.</li></ul>

Iinsurance startup Medici claims it has hit double-digit m-o-m growth and has 35+ branches across almost 40 provinces.Vietnamese healthtech and insurance startup Medici has received an undisclosed sum in a Series A round led by existing backer Jungle Ventures.The company will use the money to improve its technology infrastructure to capture the tremendous growth opportunity of Vietnam’s insurance and healthcare market.

Jungle Ventures Leads Vietnamese Insurtech Startup Medici’s Series A Round

Vietnam

Vietnamese healthtech and insurance startup

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Medici Vietnam (2138441D VN)

Pakistan Market - Pakistan To Face 19% Reciprocal US Tariffs; Better Than India, But Largely At Par With Vietnam And Bangladesh

The United States of America (USA) has announced revised reciprocal tariffs on trading partners on Jul 31, 2025. This was as per the Aug 01, 2025...

Topline Securities

Jungle Ventures Leads Vietnamese Insurtech Startup Medici’s Series A Round

Iinsurance startup Medici claims it has hit double-digit m-o-m growth and has 35+ branches across almost 40 provinces. Medici has received an...

e27

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