Integrated Equities Limited

Pakistan Budget 2024-25: Key Points by Dr. Iftikhar Yasin, Chief Economist, Integrated Equities Limited #Overall_Budget: Total Budget: Rs. 18.9 trillion ($68 billion) Focus on managing current needs & debt servicing ⚖️ Aims for cautious economic growth of 3.6% #Tax & Revenue Ambitious FBR tax target: Rs. 12.97 trillion (#38% increase) Tax reforms to target digitalization & broaden tax base Increased taxes on luxury imports & some goods & services ️ Spending High focus on debt servicing (over 50% of current expenditure) Increase in salaries & pensions for government employees & pensioners Support for specific industries like construction & auto ️ #Challenges #Balancing current needs with long-term development needs ⚖️➡️ #Achieving ambitious tax collection targets #Managing high inflation and debt levels #Future_Outlook Budget aims for #economic_stability & growth, but success depends on effective implementation Long-term economic health relies on managing debt & diversifying revenue streams #iel #integratedequities #economy #chiefeconomistIEL #sbp #psx #capitalmarkets #pakistan Integrated Equities Limited

Integrated Equities Limited (#IEL) has successfully facilitated the acquisition of 106 million #ordinary shares and 61.7 million Non-Voting #Preference #Shares of #Agritech Limited from #NBP on behalf of Fauji Fertilizer Company (#FFC) for PKR 5.2 billion. IEL played the role of #Consultant_to_Issue and #Stockbroker for FFC in this #transaction. The company expresses gratitude to its #clients for their continued confidence and appreciates its #team for successfully completing all phases of this important transaction. #iel #integratedequities Integrated Equities Limited Sardar-Ali Wattoo Pakistan Stock Exchange - PSX State Bank of Pakistan (SBP) NBP Funds kashan kazmi FFC Fauji Foundation Agritech limited (formerly Pak American Fertilizer Limited)

USD PKR Parity has been range-bound for almost a Year. What is your best guess as to where it will go from here?

#Mosambi (#Sweet_Lime ) #fruit and #juice offers numerous #health benefits: - Rich in #Vitamin C - Aids in #Digestion - #Hydration - #Detoxification - #Weight_Loss - #Skin_Health - #Bone_Health - #Iron_Absorption Mosambi (sweet lime or #Indian_lime) juice is generally considered #safe to consume in #moderation while taking #atorvastatin and other #BP_Lowering #medications.

🌟 #Innovation Interloop Limited, a textile behemoth from Pakistan, stands as a beacon of progress and innovation in the industry. With the recent announcement of a $58 million investment to boost the capacity of their #Hosiery_Plant by 25%, the company is not just expanding—it’s evolving. The installation of #Hosiery_Plant6 by the first quarter of FY26, with its 1,584 new knitting machines, is a testament to its commitment to growth and excellence. 💼 #GlobalLeadership The set export sales target of $670.8 million for FY25 reflects a clear vision for the future. In the future, Interloop is not just a participant in the global market but a dominant leader. The Denim expansion, with an investment of $18.8 million for 20 additional lines, is poised to increase its garment capacity to an impressive 18 million per year over the next two years. 🧵 #StrategicGrowth Moreover, the Board’s approval of expanding the in-house spun yarn dyeing capacity from 20 metric tons to 28 metric tons, with a capital outlay of $13.2 million, signifies a strategic enhancement of their core capabilities. ☀️ #Sustainability And let’s not overlook the additional 4MW capacity to Solar generation, a $2.1 million investment that will elevate their green energy generation capacity to 16.6MW by Q3 FY25. 📈 #FinancialHealth Interloop’s strategic investments and growth initiatives are not just about numbers; they’re about a vision for a sustainable and prosperous future. They are a company that understands the importance of innovation and environmental stewardship, and their actions speak louder than words, inspiring us all to strive for a better future. 🌱 #GreenFuture As they move forward, Interloop Limited is not just expanding its footprint but also weaving a greener, more resilient fabric for the future of the textile industry. Their financial performance, as highlighted in the recent analysts’ briefing at PSX, is a clear indicator of their robust health and the potential for even greater achievements. #iel #integratedequities Integrated Equities Limited #psx #interloop #capitalmarket #pakistan #textiles #valued_added #growth #powerhouse

A group of Chinese scientists and clinicians has made a groundbreaking advancement in diabetes treatment by reportedly curing a patient’s diabetes using cell therapy for the first time globally. The patient, a 59-year-old man who had been suffering from type 2 diabetes for 25 years and faced severe complications, had previously undergone a kidney transplant in 2017. Due to significant loss of pancreatic islet function, which regulates blood glucose levels, he relied heavily on daily insulin injections. Yin Hao, a leading researcher at Shanghai Changzheng Hospital, highlighted the severity of the patient’s condition, emphasizing his high risk of severe complications. In July 2021, the patient received a pioneering cell transplant that led to remarkable improvements in his health. Within eleven weeks post-transplant, he no longer required external insulin, and his oral medication to control blood sugar levels was gradually reduced and completely discontinued a year later. Follow-up exams confirmed the effective restoration of the patient's pancreatic islet function, allowing him to live insulin-free for 33 months. This medical breakthrough, achieved by a collaborative team from Shanghai Changzheng Hospital, the Centre for Excellence in Molecular Cell Science, and Renji Hospital, was documented in the journal *Cell Discovery* on April 30. Timothy Kieffer, a professor at the University of British Columbia, commended the study as a significant advancement in cell therapy for diabetes. #diabetes #cure #therapy

Eid Al Adha Mubarak! 🌙 May this blessed occasion bring joy, peace, and prosperity to you and your loved ones. 🕊️ Congratulations to all the Hujjaj. May those who performed Hajj this year be blessed with a safe and fulfilling journey. And for those who aspire to go on pilgrimage, may their wishes be granted soon. 🙏 Eid Al Adha Mubarak to you and your loved ones! 🌙✨

Unleashing Pakistan's Potential: A visionary budget FY25 📈 Economic Developments #PositiveGrowth The budget arrives at a time of positive economic developments, including improved GDP growth and moderating inflation. 🌱 🌐 IMF Program & Debt Management #FiscalResponsibility It is crucial to secure a larger IMF program and manage potential IMF conditions, debt servicing, and tax revenue collection. 💼 🚀 Stakeholder Advocacy #SustainableGrowth The advocacy of stakeholders for sustainable growth measures, such as investments in human capital and technology, structural reforms, and broadening the tax base, is a key driver in shaping the budget. 🤝 🧠 Forward-Thinking Policy #LongTermVision Policymakers should take a more forward-thinking, long-term approach to the budget. 🔮 💸 Fiscal Discipline #BudgetPriorities The upcoming budget is expected to prioritise fiscal discipline over populist spending, focus on broadening the tax base, and curtail overall expenditure. 🔗 🛡️ Social Protection #SocialSafetyNet Efforts will be made to ensure social protection for vulnerable segments of society while adhering to IMF targets. 🛡️ #IEL #IntegratedEquities Integrated Equities Limited #psx #capitalmarkets #economyofpakistan #sbp #mof #budget2025 #Inflation #FiscalDeficit

PAKISTAN’S SENSITIVE PRICE INDICATOR: RECENT TRENDS AND IMPLICATIONS Dr. Iftikhar Yasin 😊 hashtag #Weekly_SPI_Changes: The Sensitive Price Indicator (SPI) is computed on a weekly basis to track the price fluctuations of essential commodities in short intervals. This frequent assessment aids in understanding the country’s price dynamics more closely. The SPI encompasses a range of vital items, with data gathered from various markets in different cities. For the week ending on May 23, 2024, the SPI saw a reduction of 0.34%. 😌 hashtag #MAJOR_PRICE_MOVEMENTS - DECREASE: Notable decreases were recorded in the prices of several commodities: Garlic by 7.87%, Chicken by 5.92%, Wheat Flour by 4.66%, LPG by 3.23%, Onions by 1.99%, Eggs by 1.22%, Basmati Broken Rice by 1.12%, Masoor Pulse by 0.95%, IRRI Rice by 0.84%, and Firewood by 0.04%. 😃 hashtag #INCREASE: In contrast, significant increases were noted in the prices of various items: Beef by 0.49%, Energy Savers by 0.44%, Gram Pulse by 0.42%, Milk Powder by 0.37%, Prepared Tea by 0.30%, Mutton by 0.25%, Gur by 0.22%, Shirting by 0.17%, Cigarettes by 0.13%, Curd by 0.11%, and Fresh Milk by 0.06%. 😮 PRICE STABILITY: The prices of 21 items, accounting for 41.18%, remained stable. 😌 hashtag #YEAR_OVER_YEAR_TRENDS: The period under review saw significant price increases in various items. Onions experienced an exceptional increase of 88.26%, Chilies Powder by 69.71%, and Garlic by 53.46%. Moreover, Tomatoes prices rose by 38.63%, and Pulse Mash by 21.79%. In the food category, Beef prices escalated by 23.70%, and Sugar by 20.18%. 😲 In the non-food category, Salt Powder prices rose by 32.72%, Gas Charges for Q1 astonishingly by 570%, Shirting by 30.39%, Gents Sandal by 25.01%, and Energy Saver by 22.48%. Conversely, significant price reductions were observed in several items during the same period. Bananas prices fell by 38.32%, and Wheat Flour by 30.82%. 😅 hashtag #IEL hashtag #IntegratedEquities hashtag #psx hashtag #Pakistan hashtag #inflation hashtag #cpi hashtag #spi hashtag #sbp hashtag #EconomyofPakistan Integrated Equities Limited