










BF Biosciences Limited IPO Roadshow

CFA Society Awards 2024

IPO Summit 2024

Kashf Foundation Gender Bond Gong

Signing Ceremony with State Life Insurance

FPCCI Excellence Award

BF Biosciences Limited IPO Roadshow

CFA Society Awards 2024

IPO Summit 2024

Kashf Foundation Gender Bond Gong

State Life Insurance Signing Ceremony

FPCCI Excellence Award
Founder – Arif Habib Group
Mr. Arif Habib is the Chief Executive of Arif Habib Corporation Limited, the holding company of Arif Habib Group. He is also the Chairman of Fatima Fertilizer Company Limited, Aisha Steel Mills Limited, Javedan Corporation Limited (the owner of Naya Nazimabad) and Sachal Wind Power.
detailsChairman & Independent Director
Mr. Zafar Alam is a Master's degree holder in Nuclear Physics and has over 34 years' experience in investment banking. His independent oversight provides robust governance across all board committees.
detailsChief Executive Officer & Executive Director
Mr. Shahid Ali Habib carries a proven track record of establishing successful business organizations. Under his leadership AHL has consistently ranked among Pakistan's top brokerage firms.
detailsIndependent Non-Executive Director
Mr. Ahmed Noor brings over 28 years of experience across commercial banking, investment advisory, and corporate finance, contributing deep institutional knowledge to the board's audit and risk committees.
detailsLimited (AHL) is Pakistan's largest securities brokerage, investment banking, and research firm. Listed on the Pakistan Stock Exchange, AHL is the only brokerage firm included in the Top 25 Companies of Pakistan Stock Exchange.
We provide a wide range of financial services to an extensive and diversified client base including the Government of Pakistan, corporations, financial institutions, multilateral organizations, and individuals.
AHL is part of the Corporation which is one of the leading business groups of Pakistan with a diversified portfolio across Fertilizer, Financial Services, Construction Materials, Industrial Metals, Dairy Farming, and Energy.

AHL provides a comprehensive suite of financial services, serving as a trusted advisor and partner to clients across Pakistan and internationally.
One of the largest equity sales and trading teams in Pakistan, serving foreigners, HNIs, banks, mutual funds, and retail investors through dedicated trading desks.
Learn More ›Leading investment banking firm in Pakistan, offering comprehensive financial advisory, capital raising, and risk management services for corporations and government.
Learn More ›Market leader amongst sell-side brokerage houses of Pakistan with unmatched corporate access covering 50+ companies across 11 sectors.
Learn More ›Interbank Brokerage Division with Money Market and FX dealing desks, supported by 15 professionals with 10+ years average experience.
Learn More ›To be the most preferred and respected financial institution in Pakistan, known for our brokerage and investment banking expertise, and our unwavering commitment to excellence and innovation in the capital markets.
To create value for our stakeholders through outstanding brokerage services and investment banking solutions. We foster teamwork to deliver products and services that support the development of Pakistan's capital markets.
AHL has won numerous awards from the world's most prestigious financial publications and institutions.

Best Broker - Capital Markets Awards 2025

Best Broker – 2026, 2025, 2021

Best Corporate Finance House – 2025, 2023

Best Gender Equality Bond – 2024

Best Securities House - 2022

Top 25 Companies - Multiple Years
A diversified conglomerate with interests across financial services, fertilisers, cement, steel, renewable energy and real estate.










"We don't just measure prosperity in numbers; we see it in opportunities that enable a brighter future. For over four decades, we have walked alongside our nation; transforming markets, enabling industries, empowering entrepreneurs and guiding investors with trust and expertise."
Limited
Quarterly Report, September 2025

The Foundation was registered as a non-profit organization with the Government of Pakistan in 2008. Governed by a dedicated Board of Trustees, the Foundation began its journey with the aim of making a meaningful difference in the lives of thousands.
It carries out a wide range of charitable initiatives, both directly and through partnerships with individuals and organizations that align with its core focus areas.
With our head office in Karachi and branch offices across major cities in Pakistan, we're always close to our clients.
Join over 25,000 clients who trust AHL for their investment needs. From brokerage to investment banking, we're here to help you achieve your financial goals.

Premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research.
Limited (AHL) is a premier brokerage and financial services firm engaged in Equity Trading, Investment Banking, Money Market and Forex, Commodities Trading and Securities Research. We have been market leaders in Broking and Investment Banking services for over 40 years.
We are listed at Pakistan Stock Exchange (PSX) with 63.01% ownership by Corporation Limited and have been rated AA- (Long term) and A-1 (Short term) with a 'Stable' outlook by JCR-VIS Credit Rating Company.
We are the only non-banking financial institution out of over 600 listed companies that finds its place in the "Top 25 Companies of Pakistan" voted by the Pakistan Stock Exchange.
Handled the highest number of IPOs in Pakistan's equity market during 2018, 2019, and 2020.
Executed Pakistan and South Asia's first listed REIT fund – Dolmen City REIT.
Largest ECM transaction in Pakistan & Asian Frontier Markets (USD 1 billion).
Conducted four Privatisation Programme transactions, including the first after a multi-year gap.

Promoting Investments in Pakistan — A diversified conglomerate with interests across financial services, fertilisers, cement, steel, renewable energy, and real estate.
With an entrepreneurial essence and passion to undertake business projects that fuel the growth of society and economy, the Group has built and continues to develop businesses in the areas of financial services, fertilisers, cement, steel, renewable energy and real estate development.
After having found a strong foothold in financial services, the Group, over time, has diversified into emerging business areas, with meaningful contributions to Pakistan's economy. The Group draws strength from its own human capital, as well as, its ability to forge strong partnerships with other business houses.
To continuously strive for quality and excellence are an integral part of the Group's business model. The Group is committed to serving the country and community and making the most of Pakistan's immense growth potential.
Financial services is the forte of the Group which comprises of equity, brokerage, investment management, private equity, and more.
The Group contains 47% of the total local fertilizer capacities through Fatima Fertilizer and Pakarab Fertilizers.
Aisha Steel Mills is the largest supplier of Cold Rolled Coils (CRC) in Pakistan, coming online in 2012.
Power Cement is all set to enhance its market share to 20% in the South region of Pakistan.
50 MW wind farm at Jhimpir through Sachal Energy Development, contributing to Pakistan's renewable energy goals.
Naya Nazimabad project of Javedan Corporation — the largest private sector development in Karachi over 1,230 acres.
Mr. started as a sole proprietor with a focus on securities brokerage.
Incorporation of Corporation Limited as a public limited company.
AHCL listed on stock exchange with an IPO of one million shares, raising PKR 80 million.
Fatima Fertilizer Company Limited incorporated as a joint venture.
Aisha Steel Mills comes online as the largest CRC supplier in Pakistan.
Dolmen City REIT launched – South Asia's first listed REIT.
Acquisition of Sachal Energy Development for wind power generation.
Continued leadership with awards from Euromoney, FinanceAsia, and Asiamoney.

A robust governance framework with experienced leadership committed to transparency, accountability, and excellence.
The Board consists of seven members including independent directors, providing strategic direction and oversight.











Chartered Accountants
Rating: SBP Rating - Category A
Address: Plot No. 180, Block-A, S.M.C.H.S, Karachi - 74400
Tel: (021) 34549345-9

Recognized by the world's most prestigious financial institutions for excellence in brokerage, investment banking, and research.
Over the years, AHL has been consistently recognized by leading global and regional financial publications and institutions.







Making a meaningful difference in thousands of lives through charitable initiatives since 2008.
The Foundation was registered as a non-profit organization with the Government of Pakistan in 2008. The Foundation, which is governed by a board of trustees, began work with an aim to help make a difference to thousands of lives through a range of charitable work directly and by partnering with individuals and agencies that address our key priority areas.
The Board of Trustees ensures all grants approved are done after a thorough due diligence is undertaken to assess the requirements and sustainability of the requesting organization. Our goal is charitable giving, and since our creation we have donated over Rs. 61,675,000 in cash and grants to several groups and individuals.
Supporting educational initiatives and institutions that empower the next generation of leaders and professionals in Pakistan.
Contributing to healthcare access and medical facilities that serve underserved communities across the country.
Addressing food security and nutritional needs through direct support and partnerships with organizations combating hunger.
Promoting inclusive growth by supporting initiatives that create equal opportunities for all segments of society.
Year Established
Donated in Cash & Grants
Key Focus Areas

With our head office in Karachi and branch offices across major cities in Pakistan, we're always close to our clients.
Centre, 23 M.T. Khan Road, Karachi, Pakistan
📞 +92 21 111 245 111
One of the largest equity sales and trading teams in Pakistan, catering to Foreigners, HNIs, Banks, Mutual Funds, Government Pension Funds, Insurance Companies and Retail Investors.
AHL boasts one of the largest equity sales and trading team in Pakistan, catering to the investment needs of Clientele across Foreigners, High Net Worth Individuals, Banks, Mutual Funds, Government Pension Funds, Insurance Companies and Retail Investors. We have dedicated trading teams that actively serve clients through International, Institutional and the Retail trading desks.
AHL has a formidable line up of institutional clientele, including all the Asset Management Companies, Banks, Insurance Companies, Corporate entities, Development Financial Institutions, Public sector Pension Funds and High Net Worth Individuals.
AHL's International Equity Sales desk serves global clients such as Asset Managers, Hedge Funds, Banks, Brokerages, Pensions, Endowments, Foundations, Corporations, and Governments. We offer consultative service, execution, liquidity, and strategic guidance.
AHL has a dedicated retail team with ongoing digital transformation including a new trading platform, a mobile app, enhanced social media presence, and digital onboarding. We support Pakistani expatriates via the Roshan Digital Account (RDA) initiative.

As the leading investment banking company in Pakistan, AHL serves as a trusted advisor, assisting clients achieve their strategic objectives and meet their financial needs.
As the leading investment banking company in Pakistan, AHL serves as a trusted advisor, assisting its clients achieve their strategic objectives and meet their financial needs. Based on years of experience and highly qualified & diverse team of professionals, AHL has an extensive knowledge of domestic markets and industries.
AHL offers comprehensive financial advisory, capital raising and risk management services for corporations, financial institutions and government. Our advisory and capital raising services are recognized as among the best in the industry.
Innovative, bespoke solutions for complex transactions.
Market leader in Pakistan for capital raising.
Superior debt origination and structuring.
Feasibility studies, financial models & advisory.
Our experienced investment banking team is ready to help you achieve your strategic and financial objectives.

AHL Research is a market leader amongst sell-side brokerage houses of Pakistan with unmatched corporate access.
AHL Research is the research platform of Arif Habib Limited, a market leader amongst sell-side brokerage houses of Pakistan. With a team of 8 analysts covering over 50 companies across 11 major sectors — over 70% of the KSE-100 Index free-float market cap.
The coverage is backed by integrated and in-depth financial models along with detailed coverage initiations. Analysts follow a thematic research approach and regularly issue notes covering sector/company alerts, company updates, and model updates.
Daily calls and market reviews with actionable stock recommendations, keeping clients informed of market movements and opportunities.
In-depth reports on major companies including profitability analysis, index reviews, and macro updates with integrated financial models.
Comprehensive sector-focused notes covering various industries, providing thematic research and sector-level investment insights.
Strategy and budget reports by year, providing macroeconomic outlook, policy analysis, and strategic investment guidance.

Interbank Brokerage Division consisting of Money Market and Foreign Exchange dealing desks, supported directly by treasury back office.
Interbank Brokerage Division consists of two dealing desks, Money Market and Foreign Exchange that are supported directly by treasury back office. Our Interbank Brokerage team consists of 15 professionals having average experience of more than 10 years. It provides services to a number of reputable banks, financial institutions and corporations.
Divided into three areas: Interbank Dealing, Fixed Income, and Corporate, serving banks, NBFIs, DFIs and corporates with repo, reverse repo, call and clean transactions.
Day-to-day local currency transactions for banks, NBFIs, DFIs and corporates.
T-Bills, Pakistan Investment Bonds (PIBs), and Fixed Income securities.
TFCs, Sukuks, and Commercial Papers placement.
Facilitates foreign exchange transactions for banks, financial institutions, and corporate clients across major currency pairs.
Execution across all major currency pairs with competitive pricing.
Hedging solutions for managing foreign exchange exposure.
Currency swaps for managing liquidity and currency positions.

Dedicated to handling investor complaints and grievances with transparency, efficiency, and accountability.
"In case your complaint has not been properly redressed by us, you may lodge complaint with the Securities and Exchange Commission of Pakistan (the "SECP"). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same."

A showcase of our awards, recognition events, investor awareness sessions, and milestone ceremonies.



















Get in touch with our team. We're here to help with your investment needs, inquiries, and support.

Important information regarding the use of this website and investment risks.
Past Performance does not guarantee future results. Investing in stocks requires due care and diligence as it entails risks such as Market Inflation, Liquidity, Volatility, and Potential of losing invested capital.
All market data, statistics, and information presented on this website are sourced from the Pakistan Stock Exchange (PSX) and other publicly available sources.
The content on this website is for informational purposes only and should not be construed as investment advice. Investors should consult with a qualified financial advisor before making investment decisions.
Arif Habib Limited is a registered broker with SECP and a TREC holder of the Pakistan Stock Exchange (PSX). All transactions are subject to applicable laws and regulations.
Source: PSX (Pakistan Stock Exchange)
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