Karachi: The Board of Directors of AKD Securities Limited has unveiled its audited financial statements alongside the auditor's report for the fiscal year concluded on June 30, 2026. The report, dated October 7, 2026, highlights the resilience of Pakistan's economy, which demonstrated sustained improvement and stabilization during FY26, despite challenges such as natural disasters and geopolitical tensions.
The economic growth rate improved to 3.7% during the fiscal year, with inflation rising slightly to 7.1%. This growth was attributed to lower policy rates, exchange rate stability, and prudent macroeconomic management. The agricultural sector showed a growth of 2.89%, supported by the industrial and services sectors with growth rates of 3.51% and 4.09%, respectively. The country's Gross Domestic Product (GDP) at current market prices surged by 11.3% year-over-year to PKR 126.8 trillion. In dollar terms, GDP grew by 10.8% to USD 452.1 billion, aided by a stable exchange rate. The per capita income also increased, reaching USD 1,901 from USD 1,751 in FY25.
The fiscal deficit reached a record low of 2.6% of GDP, with revenue collection amounting to PKR 19.8 trillion. The primary balance rose to PKR 3.6 trillion, allowing for increased development spending, including a 9.7% year-over-year increase in the federal Public Sector Development Programme (PSDP) to PKR 3.3 trillion.
In terms of external accounts, the current account recorded a marginal deficit of USD 304 million, following a record surplus in FY25. Goods exports declined by 4.7% to USD 30.8 billion, while imports increased to USD 64.5 billion. The goods trade deficit rose to USD 33.7 billion, but the services deficit decreased by 29.5% to USD 2.0 billion, driven by a strong growth of 18.6% in services exports, particularly in technology. Remittances increased by 8.6% to a record USD 41.6 billion.
The KSE-100 index continued its positive trajectory, delivering a significant return of 43.5% during the year. According to information available from the Pakistan Stock Exchange (PSX), policy consistency through prudent monetary and fiscal measures contributed to this performance, alongside Pakistan's re-entry into international debt markets and significant diplomatic achievements. The average daily traded volume rose by 40.8% year-over-year to 1,168 million shares, with a 48.5% surge in average traded value.
Top-performing sectors included Technology, Commercial Banks, and Investment Companies, registering gains of 52%, 51%, and 50%, respectively. The Fertilizer, Power, and Oil & Gas Exploration sectors also showed robust growth. Despite foreign investors offloading equities worth USD 848 million, mainly in the Cement, FMCG, and Banks sectors, domestic entities like Companies, Mutual Funds, and Individuals absorbed this selling, with Companies adding USD 587 million in equities.
The report underscores a fiscal year marked by economic resilience, strategic market participation, and a recovery in investor confidence within Pakistan's equity markets.