Karachi: The ABL Asset Management Company Limited has released the audited financial statements for its ABL Special Savings Fund, presenting a comprehensive picture of the fund's performance in the fiscal year ending June 30, 2025. As Pakistan's economy shows signs of revival, the fund has reported notable metrics reflective of broader economic trends.
Fiscal Year 2025 witnessed a slight uptick in Pakistan's GDP growth to 2.68%, compared to the previous year's 2.51%, signaling a modest yet broad-based recovery. The industrial sector, in particular, demonstrated a robust growth of 4.77%, a strong rebound from a contraction of 1.37% in FY24. The services sector also expanded by 2.91%, up from 2.19% in the preceding year, while the agriculture sector experienced a slowdown to 0.56% from an impressive 6.4% in FY24.
According to information available from the Pakistan Stock Exchange (PSX), these improvements in sectoral performance have been underpinned by declining inflation, which averaged 4.61% in FY25, a significant decrease from 23.9% in FY24. This was largely due to a favorable base effect, improved food supply, and declining global energy prices. The policy rate was adjusted progressively, ending at 11.0% by the fiscal year-end, reflecting a cumulative easing of 950 basis points.
The fund's performance table highlights a net asset value of PKR 35.23 billion, with a net income of PKR 9.63 billion. The ABL Special Savings Fund's net assets have grown significantly from PKR 19.55 billion in June 2024, indicating a strong fiscal performance. The closing offer price for the fund's units was reported at PKR 10.23, with a closing repurchase price at PKR 10.11, reflecting a minor move in the fund's capital growth at 0.13%.
The external account showed considerable resilience with a current account surplus of USD 2.1 billion, a turnaround from a USD 2.07 billion deficit in the previous fiscal year. Worker remittances increased by 26.4%, reaching USD 38.3 billion, bolstered by stable exchange rates and enhanced formal channels.
The mutual fund industry mirrored this economic vitality, with assets under management rising by 44.02% year-on-year, amounting to PKR 3.86 trillion. This surge was driven by inflows into money market funds and equity market funds, recording growths of 43.67% and 98.98%, respectively.
Despite global uncertainties and regional tensions, Pakistan's macroeconomic landscape in FY25 was marked by stabilization and a return to current account surpluses. These developments, alongside monetary easing and fiscal reforms, have provided a supportive platform for continued economic recovery, setting the stage for further growth in the upcoming fiscal year.