Pakistan's budget is released, cement and textile sectors lead the stock market.

The Pakistani government has lowered taxes and fees for some industries such as cement and textiles, which is expected to boost the performance of related stocks. The country is currently striving to strike a balance between economic growth and fulfilling commitments to the International Monetary Fund. During his budget speech in parliament, Finance Minister Mohammad Orangzeb stated that the overall tax burden will be increased in the new fiscal year, but taxes will be reduced in some sectors and industry incentives will be introduced. Data estimates show that the economic growth rate for the current fiscal year up to June is 3.7%, a four-year high; the government has set a target of 4% economic growth for the next fiscal year. To achieve these goals, Pakistan has prioritized tax reductions for the real estate industry, which has many related industries, and for the working class, while also eliminating the super tax for small and medium-sized enterprises.