Pakistan Capital Brief — Financial Intelligence
Decisive Insights for the Pakistani Investor
In-depth sector analysis, qualitative market intelligence, and investor tools — built for serious Pakistani investors.
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Sector Intelligence
Deep-Dives: Energy · Tech · Fertilizers
Structured analysis of Pakistan's highest-conviction sectors — catalysts, key stocks, and performance signals.
Market Pulse
Sector Sentiment Heatmap
Qualitative sentiment across 12 PSX sectors — synthesised from news flow, broker notes, and social signals.
Oil & Gas / OMCs
BullishEnergy
Circular debt resolution accelerating; OGRA tariff revision expected
Pharmaceuticals
BullishHealthcare
SRO 1350 deregulation unlocks pricing freedom for non-essential drugs
Fertilizers
NeutralAgri
Rabi season demand solid; gas pricing uncertainty caps upside
Cement
NeutralConstruction
Dispatches recovering but overcapacity and coal costs remain headwinds
Steel & Metals
BullishIndustrials
PSDP-driven rebar demand surge; anti-dumping duties protecting margins
Textiles
NeutralExports
Weak EU demand and high energy costs squeezing exporters
Automobiles
BullishConsumer
Rate cuts reviving consumer credit; hybrid entrants disrupting pricing
Chemicals / Specialty
NeutralIndustrials
Import substitution policy favouring local producers
Technology
BullishTech
IT exports hitting record highs; SECP fintech sandbox active
Power / IPPs
NeutralEnergy
Capacity payment crisis and circular debt overhang weigh on sentiment
Real Estate / REITs
NeutralProperty
Rate normalisation driving renewed interest in property sector
Practical Guide
FY 2025–26PSX Tax Strategy for 2026
Pakistan's capital gains tax regime rewards patient investors and active filers. Here's how to legally minimise your tax burden while compounding your PSX portfolio — all tracked on PakFolio ↗
Capital Gains Tax — PSX Rates FY 2025–26
| Holding Period | Filer Rate | Non-Filer Rate | Strategy |
|---|---|---|---|
| ≤ 1 year | 15% | 30% | Short-Term |
| 1–2 years | 12.5% | 25% | Mid-Term |
| > 2 years | 10% | 20% | Long-Term |
Harvest Losers Before June 30
Book losses on underperforming positions before fiscal year-end to offset capital gains. Losses can be carried forward for 3 years.
Analyse your portfolio on PakFolio →Hold Beyond 2 Years for 10% CGT
The long-term CGT rate is 10% for filers (vs 15% short-term). For non-filers, the saving is even greater: 20% vs 30%. A 2-year hold cuts your tax in a third.
Track holding periods on PakFolio →Become an Active Filer
Non-filers pay 33% more capital gains tax than active filers. Filing your return costs nothing and saves thousands. IRIS portal filing takes under 30 minutes.
Zakat Deduction on Shareholding
Zakat at 2.5% is deducted on the market value of shares held on 1st Ramadan. Shareholders can file CZ-50 exemption if they are non-Muslim or prefer manual payment.
Dividend WHT is Final Tax
Withholding tax on dividends (15% filer / 30% non-filer) is treated as final tax. Factor this into your yield calculations — gross yield vs net yield matters.
Model dividend income on PakFolio →Use Retirement Accounts (Pension Funds)
Contributions to Voluntary Pension Schemes (VPS) approved under the VPS Rules 2005 are deductible up to PKR 150,000 or 20% of taxable income, whichever is lower.
📅 Key Tax Dates 2026
Track your tax exposure on PakFolio
PakFolio automatically calculates your CGT liability, tracks holding periods, models dividend income after WHT, and alerts you before key tax dates.
⚠ Tax information is for general guidance only and reflects FY 2025–26 rates as published by FBR. Consult a qualified tax advisor for personalised advice. Capital Brief is not a licensed tax consultant.