Akseer

01/01/2026

Switching gears to a new year of discovery.

As we toggle off 2025, we want to thank our clients and partners for a year of impactful collaboration and data-driven growth. At Akseer Research, our mission remains the same: transforming complex data into clear, actionable strategies.

We are officially “ON” for 2026. Let’s make it a year of unparalleled insights.

31/12/2025

25/12/2025

*A Vision Carved in Resolve.* 🇵🇰

Today, we celebrate the birth of the man who saw a nation where others saw an impossibility. *Quaid-e-Azam’s* journey wasn't just about borders; it was about the character of a people—*Unity, Faith, and Discipline.*

As we look at this sketch of his legacy, we remember that the *"Struggle"* isn't just in our history books; it’s a reminder to keep building the Pakistan He dreamed of.

10/12/2025

🎉 Today we celebrate Muhammad Saad Ziker's second work anniversary at Akseer!

Over the past two years, Saad has been a key member of our team, consistently putting in the hard work and bringing a positive attitude to every project. His dedication, curiosity, and collaborative spirit have made a meaningful impact, and we are truly grateful to have him on board.

Here’s to continued growth and many more milestones ahead!

09/12/2025

Congratulations to Hassan Raza Kirmani on completing his Bachelor in Accounting & Finance from the Institute of Business Administration and securing 3rd position along the way.

We’re glad to have you on the team and wish you continued growth and success ahead!

06/12/2025

Everyone fears PKR depreciation for one reason: inflation. But what if the situation is different this time?

Our analyst Rida Asif shares insights on why domestic price pressures may not spike the way they used to.

Watch the full interview on YouTube.

05/12/2025

Welcoming Osama Sohail Hameed to Team Akseer!

Osama is a finance professional with experience in financial analysis, market research, and portfolio management, he led equity research for various sectors, including automobiles, auto parts, steel, power, and cement.

He is a graduate in Accounting and Finance from Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Karachi, where he graduated with the highest CGPA and received a Gold Medal. He has also completed 11 out of 13 papers of the ACCA qualification.

We look forward to his valuable contributions to Akeer’s continued growth.

03/12/2025

Alpha Capital recently released a detailed report covering Pakistan Economy, with a focus on inflation, currency and interest rates. Key ideas are summarized below

Inflation Risk: Real or Just a Fear?

Main Thesis:
Pakistan can manage a 4-5% PKR depreciation without triggering significant inflation

Key Supporting Factors:
1. Food Inflation Buffer (Food basket weight: 34.6% of CPI)
- Domestic food prices already 26.5% above global index
- World Bank forecasts global food prices to decline 6.1% in 2025 and 0.3% in 2026
- Limited pass-through risk from PKR depreciation

2. NFNE Inflation (NFNE weight: 55% of CPI)
- Currently 5.5% below global levels
- Maximum impact on CPI: 3.1%
- Historical convergence takes ~10 years, limiting short-term risk

3. Global Commodity Outlook
- World Bank expects 7% decline in commodity prices in both 2025 & 2026
- Unlike previous cycles, no global commodity upswing
- Stable oil, wheat, and edible oil prices

4. Macro Stability Improved
- FX reserves: $14.5bn (2.5 months import cover)
- Policy rate: 11% (down from peak)
- Current account deficit narrowing
- Inflation: 6.2% YoY (Oct-25)

Benefits of Controlled Depreciation:
✅ Export Competitiveness: Lower REER (currently 103.95, should be 90-100) boosts exports
✅ Remittance Inflows: Historical data shows weaker rupee attracts more remittances
✅ Import Control: Reduces non-essential imports automatically

Currency Valuation:
- Current REER at 103.95 indicates overvaluation
- Historical fair value range: 90-100
- Pakistan's REER above most export competitors

Interest Rate Outlook:
- Expect rates to remain stable for remainder of FY26
- Minor cuts of 100-150 bps possible in FY27
- Core inflation at 7.5%, real rate at 3.5%

Investment Implications:
- Hot money flows sensitive to REER valuation
- Current overvaluation yields negative real returns (-1.44%)
- Post-depreciation scenario could offer positive real returns (2.62%)

Bottom Line:
Unlike previous cycles, Pakistan's current macroeconomic position allows for strategic currency depreciation without destabilizing inflation, while potentially boosting exports, remittances, and external account balance.

01/12/2025

Welcoming Altamash Hemani back to Akseer as Assistant Vice President (AVP) — Equity Research.

A finance graduate from the Institute of Business Administration (IBA), with a 100% merit-based scholarship, Altamash brings extensive experience across Pakistan’s financial and industrial sectors, along with exposure to GCC markets.

We’re thrilled to have you rejoin the team and contribute to our continued growth. Welcome back, Altamash!

19/11/2025

Welcoming Wardah Ahmer to our growing team of professionals.

Wardah is a graduate in Economics from the Institute of Business Administration (IBA). She is a seasoned finance professional with expertise in market research, auditing, and social development.

We look forward to her immense contributions to Akseer’s growth and success.

12/11/2025

Asif — The Quintessential Akseer Employee

Some people work as a matter of course. Others work as a means to keep themselves going. And then there are those who work to outperform themselves. Asif — our highly resourceful rider — belongs to the third category.

To say that Asif is an indispensable cog in Akseer’s machine would not be off the mark. Highly responsible and committed, he fulfills his official duty with utmost honesty and devotion. Come rain or shine, Asif does not shirk, nor idles away — he’s always on the go, performing all his tasks without batting an eye.

And his exemplary commitment is reciprocated by Akseer that truly recognizes him in a befitting way — exactly in the way caring and humane organizations do. As they say, people don’t leave their jobs due to lower compensation, nor do they seek other avenues merely for bonuses. They only leave when they are not respected or duly recognized for their talent or service.
And it’s not just Asif’s spirit of hard work and professional integrity that sets him apart from others; it’s actually his nice demeanor, his amiable personality, and his ever-smiling face that help him truly stand out. Needless to say, organizations greatly benefit when they have go-getters like Asif in their ranks.

Here’s hoping that both Asif and Akseer continue to inspire each other — and may both of them thrive and prosper manifold.

10/11/2025

Team Akseer continues to grow stronger with every milestone our people achieve.

Congratulations to Abubakar Rauf, CFA, on earning his CFA Charter. Wishing him continued success in his professional growth.