Alpha Beta Core

A premier tech-driven investments and strategy advisory platform with a global focus.

[Khurram Schehzad @kschehzad]

Pakistan records highest-ever monthly Technology exports!

Technology sector records $348 mn in Dec-24, up 12% MoM/15% YoY-15th consecutive month of IT export growth (since Oct-23), and higher than last 12-month average US$299mn.

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@MoitOfficial @StateBank_Pak @Financegovpk

[Khurram Schehzad @kschehzad]

Engro Leads the Way in Investment Revival:

While country's investment landscape revived from foreign investors' perspective as risk-profile & confidence improved, given the strong recovery in macros, domestic investors (Ambassadors) have also shown their interest reviving.

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[Khurram Schehzad @kschehzad]

Pension Reforms to Strengthen Public Finances:

The Pension Reform Commission 2020 has introduced pension reforms to reduce the huge cost & risks of pension liability on public finances.

Secretary Finance Mr. Imdad Ullah Bosal has been instrumental in leading the reforms..

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[Khurram Schehzad @kschehzad]

Kissan Card impact on Agriculture Financing:

@StateBank_Pak @Financegovpk @GovtofPunjabPK @kissan_pakistan @WorldBank @ADBInstitute @WorldBankSAsia @MaryamNSharif

[Alpha Beta Core @alphabetacore]

Pakistan Investnent Landscape Review & Outlook:

Despite global VC constraints and domestic challenges, Pak's startup ecosystem showed resilience.

Investments totaled $43M, with late-stage funding gaining traction and a significant 77% QoQ surge in Q4.

https://t.co/2uk9QE4gv9

[Khurram Schehzad @kschehzad]

Pakistan's inflation at 4.1% in Dec24 (below concensus) vs 4.9% in Nov24 and 29.7% in Dec23.

-6MFY25 avg. now at 7.2% vs 28.8% in SPLY.
-Food inflation is muted (Urban 2.5%, Rural -0.2%).
-Core inflation also slowed to 8.1% vs 8.9% in Nov24 & 18.2% in Dec23.

@SBP @Financegovpk

[Khurram Schehzad @kschehzad]

Positive Development on Investments in Pakistan:

IFC has partnered with leading local Banks to boost domestic Tyre production -Pakistan’s first new tyre manufacturing facility in decades, which will help in import substitution of tyres equivalent to $500m in next few years.

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[Khurram Schehzad @kschehzad]

From High-Risk to High-Prospect:

Pakistan's Default Risk plummets as CDS Spread falls 93% amidst improved economic outlook. THREAD.

Spread on Pakistan's CDS (Credit Default Swap) - insurance against credit default risk, has fallen to a normalized low of 505 bps (5.05%).

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[Khurram Schehzad @kschehzad]

..higher investor confidence and easier access to foreign exchange. A more accommodative monetary policy amid faster-than-expected easing of inflationary pressures should further support eco activity through rebounding private investment.
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@ADB_HQ @Financegovpk @StateBank_Pak

[Khurram Schehzad @kschehzad]

As per the Outlook Report greater macroeconomic stability following the approval of the new IMF program under the Extended Fund Facility in Sep-24 will support recovery.

Industrial output growth is projected to accelerate with the suspension of import management measures..

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[Khurram Schehzad @kschehzad]

As per Asian Development Bank's latest Outlook Report Dec-24, Pakistan’s growth in FY2025 is projected at 3.0%, revised upwards from 2.8% in September. For FY2024, growth is revised upwards to 2.5%, in line with the updated official estimate.

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[Abdul Rehman Najam @ARNOfficiall]

New addition to $3 billion club in PSX - Mari Petroleum Limited ✅✅

Congratulations to all MARI shareholders, 4X+ returns in last 18 months.

- Highest remaining gas reserves (15+years) despite 55+ years of production

- 🇵🇰🇵🇰 largest gas field - production increasing every year.

- Lowest cost field - less than $0.5/mmbtu operating costs.

[Khurram Schehzad @kschehzad]

Today, feel immensely honored to step into this role with humility, mindful of my humble beginnings. Committed to serving the nation with integrity, dedication, and a relentless focus on the well-being of our people.

Together, we will strive for a better future for 🇵🇰

Best
KS

[Khurram Schehzad @kschehzad]

Such low pace of inflation should result in more monetary easing, leading to further decline in cost of capital for industries and higher savings on debt servicing for the GoP resulting in improved fiscal position in the coming months/quarters.

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@StateBank_Pak @Financegovpk

[Khurram Schehzad @kschehzad]

Pakistan inflation as measured by CPI has made another multiyear low.

Inflation for Nov-24 clocked in at 4.9%-lowest reading in the last 6.5 years (78month).

Inflation in Oct-24 was 7.2%, now at 4.9%. With this, average inflation for 5MFY25 stands at 7.88% vs 28.62% SPLY.

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[Khurram Schehzad @kschehzad]

Pak Equities hit 100,000 level!

Up 150% only in 17mnth. Fiscal & external discipline, steep fall in pace of inflation, cut in interest rates, stability in currency, improving FX & ratings, outlook upgrades have all improved investor sentiment.

PSX now stands 2nd best globally!

[Alpha Beta Core @alphabetacore]

Pakistan-Business Confidence Index (BCI) on the Rise:

As per @StateBank_Pak, BCI is up 12% (JulOct24) vs 7% SPLY

-Oct24 BCI up 17% YoY;9% MoM
-Expected BCI up 12% YoY;10% MoM
-Employ. Index up 10% YoY:2% MoM
-Expected Employ. up 6% YoY;7% MoM
-Inflation Expect. -12% YoY;-8% MoM

[Alpha Beta Core @alphabetacore]

With great source of pride, we announce that the honorable Prime Minister of Pakistan has appointed Mr. Khurram Schehzad @kschehzad, CEO Alpha Beta Core, as Advisor to Finance Minister. We @alphabetacore will bid him farewell & wish him best for his new role to serve the nation.

[Khurram Schehzad @kschehzad]

Humbled and honored to have been appointed to this role and opportunity to serve the nation!

I look forward to serving my country in the best way possible. InshaAllah.

Follow @kschehzad for analysis, developments and updates.

@Financegovpk
@PakPMO @SECPakistan @StateBank_Pak

[Alpha Beta Core @alphabetacore]

Pakistan Strategy Note - Easing provides Opportunity!

Please see link below for Detailed Note:
https://t.co/NBUHkwF1Gx