These Were the Top Performing Assets in Pakistan in 2025

Gold and the stock market emerged as the top-performing asset classes in Pakistan during 2025.

According to a report by Topline Securities, gold emerged as the year’s top performer, yielding a remarkable 73% return between January 1 and December 24, 2025.

The price of gold in Pakistan surged from Rs. 233,711 to Rs. 405,402 per 10 grams, while international prices climbed from $2,612 per ounce at the end of 2024 to $4,503 per ounce by December 26, 2025.

The KSE-100 Index followed as the second-best performing asset, posting a 48% total return with dividends included.

This strong performance was attributed to robust market activity and investor confidence, with only four trading sessions left in the year at the time of reporting. The stock market’s gains were further boosted by the inclusion of dividends, making it a highly attractive option for investors seeking growth.

Real estate continued to be a favored investment avenue, particularly in prime urban areas such as DHA Karachi and DHA Lahore. Commercial plot prices in these locations increased by an average of 18%, while residential plots saw a 15% rise, according to data from Zameen.com.

House prices in these areas also moved upward, albeit at a slower pace, with an average increase of 8%.

Among government-backed investment products, the Naya Pakistan PKR Certificate, available through the Roshan Digital Account, generated a 22% return for investments made at the start of 2025. The Naya Pakistan US Dollar Certificate returned 10% over the same period.

Government securities also performed well, with Pakistan Investment Bonds (PIBs) delivering a 14% return, while both 3-month and 1-year Treasury Bills offered 12% returns. The Special Saving Certificate (SSC) matched these returns with a 12% gain in its first year. Local mutual funds provided an average return of 11%, and average bank savings deposits yielded 9%.

Returns on the US dollar remained modest, with gains of around 3–4% as the rupee’s exchange rate held relatively steady. The interbank exchange rate increased slightly from Rs. 278 to Rs. 280, and the open market rate moved from Rs. 280 to Rs. 281.

Meanwhile, cryptocurrency investments, which are not officially permitted in Pakistan, recorded a negative return of –4%, reflecting both global volatility and local regulatory restrictions.

The report highlights that, despite a challenging economic environment, gold and equities continued to attract investors seeking higher yields, while traditional safe-haven assets and real estate maintained their appeal for those prioritizing stability. Fixed-income and low-risk investment avenues, such as government securities and money market funds, posted relatively lower but stable returns, appealing to risk-averse investors.

The Special Saving Certificate and PIBs were notable for their double-digit returns, while local asset management companies’ money market funds generated an average return of 11% in 2025.

Overall, 2025 was a year of strong gains for Pakistani investors who allocated capital to gold and equities. Real estate and government securities provided reliable, if more modest, returns.