With new digital platform, investing in Pakistani art is now just a click away 

A polyptych piece by Javaid Iqbal Mughal - one of the many artists who exhibits online with Pakistan Art Forum - is seen at a recent pop-up event in Lahore, Pakistan, on July 5, 2021. (Photo Courtesy: PAF)
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Updated 20 July 2021
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With new digital platform, investing in Pakistani art is now just a click away 

  • The Pakistan Art Forum, launched earlier this month, grew out of a Facebook page created in 2014
  • Founder Imtisal Zafar says platform was designed to promote emerging and established artists globally

ISLAMABAD: The Pakistan Art Forum (PAF), which its founder Imtisal Zafar calls the “largest digital platform of its kind in Pakistan,” was launched earlier this month to connect established and emerging Pakistani artists with potential buyers around the world.
PAF, initially a Facebook group, started off as a “passion project” for Zafar in 2014 and is now a website designed specially to promote Pakistani artists and help them go global, the Lahore-based founder and curator told Arab News.
“The forum is now the largest digital platform where every week there is tons of new artwork shared, making it valuable for artists who want to connect with potential clients,” Zafar said, adding that the “free market space” could be used to trade artwork between galleries, artists and clients. “The forum does not take any commission for that.”
Zafar said what distinguished the platform from other websites was its global outreach, making it possible for art aficionados around the world to get their hands on Pakistani art in a “reliable, transparent and trustworthy” manner.




Pieces by contemporary and modern Pakistani artists on display at Pakistan Art Forum's recent pop-up event in Lahore, Pakistan on July 5, 2021. (Photo Courtesy: PAF)

“Except for one minor art website, there never has been a Pakistani art website with a similar ethos like Artsy.net or Saatchi in Pakistan,” he said. “The aspiration of making this website global is to give Pakistani artists international exposure and give people from outside the country access to Pakistani art.”
He said the forum aimed to identify and highlight promising new artists, and offered a diverse price range to buyers, “with some pieces starting as low as Rs20,000 [$125].”
“One of our main goals at PAF since its inception has been to discover hidden and young talent that has a lot of promise and needs the right exposure, mentorship and guidance,” Zafar said. “We very religiously cover all thesis shows across the country at all art universities and colleges because that is the hotspot to discover upcoming talent.”




Pieces by contemporary and modern Pakistani artists on display at Pakistan Art Forum's Soiree collectors show in Lahore, Pakistan on March 22, 2021. (Photo Courtesy: PAF)

Zafar also said what set PAF apart from other commercial sellers in the country was that it did not only focus on pieces that highlighted Pakistani heritage, history and culture, as was the norm.
“The young generation of artists is pushing the envelope with their art,” he said, “getting inspired by their western idols and appropriating them in their own way to create unique and exciting works.”
Artist Ahmer Farooq, whose work is held in private collections in Denmark, India, Japan, Norway, Pakistan, UAE, UK and the US, told Arab News he had been displaying his work on the digital forum since it was launched as a Facebook page, acknowledging the lack of such platforms in Pakistan to promote local artists internationally.




A sculpture by artist Rajesh Ram on display at Pakistan Art Forum's Soiree collectors show in Lahore, Pakistan on March 22, 2021. (Photo Courtesy: PAF)

“PAF gets artists’ work the national and international exposure they deserve,” Farooq said. “Pakistan is full of talented artists who have yet not been discovered and the country’s art landscape remains raw and unpolluted.”
Another artist, Fawad Jafri, said the forum could help talented artists represent their country at a relatively young age.
“PAF is our new baby in the art circle, and we prefer our youngsters to represent Pakistan as early as possible, so that the coming generation may relate themselves to the art represented by PAF,” he said.
Art and culture writer Nayha Jehangir Khan told Arab News the platform was “free from the traditional and gallerist format.”




A sculpture by artist Irfan Abdullah on display at Pakistan Art Forum's Soiree collectors show in Lahore, Pakistan on March 22, 2021. (Photo Courtesy: PAF)

“This forum acts as the missing link to developing modern strategies of opening up unconventional art exhibition spaces and forming alliances between the art and fashion industry,” she said, adding that the platform was also making it possible for emerging and aspiring artists to be “noticed and celebrated” by a wider community of young art enthusiasts who would be the future collectors of Pakistan.


Pakistani companies likely to raise over $89 million in new stock listings this year

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Pakistani companies likely to raise over $89 million in new stock listings this year

  • Farrukh H. Sabzwari says approvals for two listings already granted while 10 more Initial Public Offerings are expected over next 12 months
  • Economists expect KSE-100 index to reach 208,000 points by Dec., reflecting pent-up demand, strategic expansions and broader investor appetite

KARACHI: The Pakistan Stock Exchange (PSX) expects at least a dozen new listings this year, the PSX chief executive officer said on Monday, with the new entrants likely to raise as much as Rs25 billion ($89.3 million) in funding through the equity market.

Pakistan’s benchmark KSE-100 index has rallied to new highs and recorded returns of around 50 percent in Calendar Year (CY) 2025. The market closed at 182,384 points on Monday.

Around 135,000 new investors have also joined the PSX over the last 18 months, according to Pakistani state media.

“Continuing with the momentum, in CY2026, approvals for two Main Board listings have been granted,” PSX CEO Farrukh H. Sabzwari, who has previously served as a local partner of BoA Merrill Lynch and country head of CLSA Emerging Markets in Pakistan, told Arab News.

“PSX is expecting 10 more IPOs (Initial Public Offerings) over next 12 months across various sectors.”

Pakistan’s growing stocks mirror the country’s stabilizing economy which Prime Minister Shehbaz Sharif’s government expects would expand 3.9 percent this fiscal year through June with the help of the International Monetary Fund’s reforms-oriented $7 billion loan program.

The new IPOs would cover food, pharmaceutical, real estate investment trust (REIT), engineering, technology, oil and gas marketing, insurance, auto parts, manufacturing and energy sectors of the economy, according to Sabzwari.

Last year, the PSX listed Zarea Limited, Barkat Frisian Agro Limited, Image REIT, Pak Qatar Family Takaful, Blue-Ex Limited, Nets International Communication Limited and the Pakistan Credit Rating Agency Limited. These listings helped companies raise Rs4.3 billion ($15.4 million) of funding.

In addition, the PSX debt market witnessed seven issuances, valuing Rs10.5 billion ($37.5 million). Pakistan’s finance ministry raises funds through PSX by selling borrowing instruments like Islamic sukuk.

The PSX recorded the highest eight IPOs in a single year in 2021, according to Shankar Talreja, head of research at Topline Securities Ltd. It would be a record if the market lists 12 new entrants this year.

Sana Tawfiq, an economist at Karachi-based brokerage research firm AHL, described the market performance last year as “exceptional.”

“With projected fundraising of up to Rs25 billion ($89.3 million), the upcoming pipeline reflects pent-up demand, strategic expansions, and a broader investor appetite,” she said.

Tawfiq expects the KSE-100 index to reach 208,000 points by Dec. this year.

“As we look toward 2026, Pakistan’s equity market is entering a phase defined by stability, depth, and sustainable growth,” the economist said.

“The market is now transitioning toward a more measured trajectory.”

Key drivers in 2026 would likely include sustained domestic liquidity in equities, strengthening foreign reserves and a contained current account deficit, successful completion of the Pakistan International Airlines (PIA) privatization alongside accelerating progress on privatization and restructuring of power distribution companies (DISCOs), continued efforts to resolve circular debt in both power and gas sectors, and supportive global commodity prices, according to Tawfiq.

In a recent note to its clients, Topline Securities said the current IPO momentum was driven by macroeconomic stability under the IMF program, improving investor confidence and a declining interest rate environment.

Pakistan’s central bank last month cut its interest rate by 50 basis points to 10.5 percent in a surprising move aimed at boosting economic growth in the inflation-hit country.

“Despite ongoing geopolitical and macroeconomic uncertainties, investor sentiment continues to improve,” it said.