External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Pakistan���s high-frequency indicators and economic indicators reflected broad-based momentum in Dec 2025, driven by robust performance across autos, cement, urea, and power generation.</li><li>During Dec-25, the Cement dispatches remained healthy at 4.3mn tons, supported by ongoing infrastructure development and sustained private sector construction activity.</li><li>On the macro front, economic activity remained resilient, supported by strong remittance inflows of US$3.6bn (+17% YoY) and LSM growth of 10% YoY.</li></ul>

Pakistan���s high-frequency indicators and economic indicators reflected broad-based momentum in Dec 2025, driven by robust performance across autos, cement, urea, and power generation.During Dec-25, the Cement dispatches remained healthy at 4.3mn tons, supported by ongoing infrastructure development and sustained private sector construction activity.On the macro front, economic activity remained resilient, supported by strong remittance inflows of US$3.6bn (+17% YoY) and LSM growth of 10% YoY.

Pakistan In Dec 2025