Karachi: MCB Investment Management Limited has released its financial results for the MCB Pakistan Sovereign Fund for the quarter ending on September 30, 2026. The report, dated October 20, 2026, highlights a significant decrease in income compared to the same period last year.

The total income for the quarter was reported at 254.40 million Rupees, a noticeable drop from the 982.61 million Rupees recorded in the corresponding quarter of 2025. This decline is primarily attributed to a reduction in income from government securities, which fell to 354.52 million Rupees from the previous year's 939.98 million Rupees. Additionally, there was a capital loss on the sale of investments amounting to 66.85 million Rupees, compared to a lesser loss of 20.49 million Rupees in the same quarter last year.

Profit on bank deposits also saw a reduction, totaling 40.48 million Rupees, down from 78.17 million Rupees in the previous year. Unrealised appreciation diminution in the fair value of investments classified 'at fair value through profit or loss' resulted in a loss of 74.70 million Rupees, compared to a loss of 16.04 million Rupees in the prior year. Other income sources contributed 949,000 Rupees this quarter, slightly down from 993,000 Rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the fund's total expenses for the quarter amounted to 67.01 million Rupees, a decrease from 140.92 million Rupees incurred in the same period of 2025. These expenses included remuneration of the management company, which was reduced to 51.84 million Rupees from the previous 109.32 million Rupees, and remuneration of the Central Depository Company of Pakistan Limited - Trustee, which decreased to 1.90 million Rupees from 5.11 million Rupees.

The net income for the period before taxation was reported at 187.39 million Rupees, a significant drop from the 841.69 million Rupees achieved in the corresponding quarter last year. No taxation was applied in either period.

After accounting for income already paid on units redeemed, which amounted to 39.62 million Rupees for the current quarter (down from 73.53 million Rupees last year), the net income available for distribution, excluding capital gains, was recorded at 147.77 million Rupees, compared to 768.16 million Rupees in the previous year. This represents a very large or significant move in terms of percentage change over the year.