Abdul Rehman Najam

After many years we might be seeing a new fertilizer plant in Pakistan.
Under CPEC 2.0, FFC has signed a feed study agreement with a Chinese partner to build a new fertiliser plant, one that converts Thar coal into gas, and gas into urea.
A roughly $1 billion investment. 0.7 million tons of urea capacity. Potentially Rs 10 added to earnings per share once it runs. And likely tax exemptions in a special economic zone.

That is a serious number for any shareholder.
But here is the honest part most excited headlines leave out:

This plant will not come online until around 2031/2032. Five to six years away. Feed studies become final investment decisions slowly. Costs move. Policies change. A lot can happen between a signed study and a running plant.

So is this good news? Genuinely, yes.
Is it a reason the stock should move tomorrow? May be not.

This is the discipline value investing demands: separating a real long-term catalyst from a short-term reason to get excited.

13 hours ago (edited) | [YT] | 94

Abdul Rehman Najam

Most people who call themselves long-term investors in Pakistan are not investors at all. They are traders who failed to sell in time.

It is an uncomfortable thing to say. But you have seen it.

Someone buys a stock hoping to flip it in a few weeks. The price drops. They cannot bear to book the loss. So they "decide" to hold for the long term.

That is not conviction. That is a trade that went wrong, rebranded as a strategy.
Real long-term investing is a decision you make before you buy, not an excuse you reach for after.

The genuine long-term investor buys a business he understands, at a reasonable price, with the full intention of owning it for years. The drop does not change his plan. He is ready for both a price drop and a sharp increase, he has a plan for scenarios.

The accidental "investor" is just a trapped trader waiting to break even so he can finally escape.
Here is the test:

If your stock increased by 20% in the coming week, would you sell? If yes, then you were never a long-term investor. You were always a trader. You just got stuck.

how many of your "long-term" holdings started as trades that went the wrong way?

1 day ago | [YT] | 92

Abdul Rehman Najam

Interest rates maintained at 11.5% ✅✅

2 days ago | [YT] | 103

Abdul Rehman Najam

Monetary Policy meeting in a few hours.

Oil prices are declining/normalizing, KIBOR is coming down too.

Most likely interest rates will be maintained at 11.5%.

2 days ago | [YT] | 72

Abdul Rehman Najam

Real budget for Auto sector will come in few weeks in the form of new auto policy.

For now, sales tax and FED on hybrid, PHEV & Imported EVs above Rs2 Crore have been increased.

Hybrid PHEV sales tax now 18/25%
FED on EVs above Rs2 Crore: 30-40%

3 days ago | [YT] | 55

Abdul Rehman Najam

Finally, after years, we will see local refineries upgraded in 🇵🇰🇵🇰

Budget 2026 has removed the final roadblock, now local refineries can invest $5-6 billion in upgrading refineries.

We will become self sufficient in Diesel & petrol and pollution will also reduce ✅✅

3 days ago | [YT] | 147

Abdul Rehman Najam

Highest ever remittances in 🇵🇰🇵🇰

$4.3 Billion in May 2026. Remittances are now 1.5 times of Pakistan's Export of Goods.

We need to reduce tax rates in Pakistan to attract Foreigh Direct Investment in Export sector.

1 week ago | [YT] | 156

Abdul Rehman Najam

Important things to look out for in Budget 2026 for 🇵🇰🇵🇰 PSX Investors

- Income tax/Super tax reduction?
- Sales tax on refinery upgradation?
- Changes in Sales tax rate on different types of cars.
- Salary tax reduction.
- Real Estate taxes for cement & glass sector.
- IT sectors reduced tax continues?

Share more micro level policies you are looking out for in the comments👇🏻

1 week ago | [YT] | 106

Abdul Rehman Najam

The same budget can make one car company richer and another poorer overnight, without either of them changing a single thing about their business.
That is what is about to happen in Pakistan's auto sector.

Budget 2026 was expected to cut taxes on hybrids and plug-in hybrids. The rumour now has turned opposite: hybrid sales tax could jump from 8.5% to 18/25%.

why this one line matters so much?


A company selling only hybrids, with no PHEV or EV in its lineup yet, suddenly watches its cars get more expensive overnight. Demand softens through no fault of its own.

A company with a full range, petrol, hybrid, and PHEV, is best placed for the next 1-2 years. The buyer simply shifts to the variant that is still best priced.

1 week ago | [YT] | 69

Abdul Rehman Najam

The government is about to tax stock market transactions. Most investors are worried. I am not. And the reason explains everything about how you should be investing.
Budget 2026 is considering a 0.1% tax on every PSX buy/sell transaction.
For a day trader, this is a real problem. Someone flipping positions dozens of times a month just watched their costs multiply. Every trade now carries a toll.
For a value investor, it is almost nothing.
Because if you buy a great business and plan to hold it for months/years, you trade once or twice a year, not twice a week. A 0.1% tax on a transaction you make once is a rounding error.
This is the quiet beauty of long-term ownership: the costs that punish traders barely touch you.
The market rewards patience in returns.
Does this tax change how you plan to invest, or does it confirm what you were already doing?

1 week ago | [YT] | 124