Pakistan’s leading brokerage and investment banking firm, Arif Habib Limited (AHL), is gearing up for what could be one of the most active IPO seasons in recent years, with seven to eight Initial and Secondary Public Offerings (IPOs/SPOs) expected between December 2025 and June 2026.
In a recent post on X (formerly Twitter), Shahid Ali Habib, CEO of Arif Habib Limited, highlighted that the firm plans to introduce nearly one public offering every month. These offerings will cover a diverse set of sectors, including Fast-Moving Consumer Goods (FMCG), pharmaceuticals, oil and gas marketing, automotive, IT, real estate, and financial services. The move reflects AHL’s commitment to broadening Pakistan’s capital market and attracting fresh investment across multiple industries.
Habib emphasized that the current stability in the PKR/USD exchange rate, coupled with a favorable interest rate environment, is providing strong momentum for capital market activity. He added that any further monetary easing by the State Bank of Pakistan could accelerate equity market activity, generating increased investor interest and boosting market confidence.
“The stability in PKR/USD parity and a favorable interest rate environment are providing strong tailwinds for capital market activity. Any further monetary easing will only add more momentum to this positive trend,” Habib noted. He further expressed optimism about the potential for a vibrant IPO season ahead, which could drive fresh growth, investment, and confidence in Pakistan’s equity markets.
The announcement comes amid signs of renewed optimism at the Pakistan Stock Exchange (PSX), fueled by improving macroeconomic indicators, easing inflation, and expectations of lower interest rates in the months ahead. Analysts believe that a successful run of IPOs and SPOs could help broaden the investor base, enhance market liquidity, and channel fresh investment into productive sectors of the economy.
For Pakistan’s primary market, which has experienced limited activity in recent years due to economic headwinds and policy uncertainty, the upcoming offerings could signify a significant revival. Market observers note that increased IPO activity could also encourage institutional investors and retail participants to engage more actively, potentially leading to a more resilient and diversified equity market.
With AHL positioning itself at the forefront of this IPO wave, investors can expect structured offerings, strategic advisory support, and efficient capital raising processes designed to maximize participation and market impact. The firm’s track record of managing successful public offerings adds credibility to the expected surge in activity, reinforcing Pakistan’s growing appeal as a regional hub for equity investment.
If realized, the upcoming IPOs and SPOs could mark a transformative phase for Pakistan’s capital markets, supporting economic growth, enhancing sectoral development, and promoting investor confidence across both domestic and international fronts.
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