Top Performing Assets in Pakistan in 2025: Stocks, Gold, Real Estate and More

Gold and the stock market emerged as the best-performing asset classes in Pakistan during 2025, delivering strong returns for investors despite economic challenges. According to a report by Topline Securities, gold topped the performance chart, generating an impressive return of 73 percent between January 1 and December 24, 2025. During this period, the price of gold in Pakistan surged from Rs. 233,711 to Rs. 405,402 per 10 grams, while international gold prices climbed sharply from $2,612 per ounce at the end of 2024 to $4,503 per ounce by December 26, 2025. The rally was driven by global uncertainty, strong demand for safe-haven assets, and sustained local investor interest.

The KSE-100 Index ranked as the second-best performing asset class, posting a total return of 48 percent when dividends were included. The strong showing reflected robust trading activity, improving investor confidence, and attractive valuations across key sectors. With only a few trading sessions remaining at the time of reporting, equities remained a preferred choice for investors seeking higher growth, particularly as dividend payouts significantly enhanced overall returns.

Real estate continued to attract investors, especially in prime urban areas such as DHA Karachi and DHA Lahore. Data from Zameen.com showed that commercial plot prices in these locations rose by an average of 18 percent during the year, while residential plots recorded a 15 percent increase. House prices also moved higher, though at a slower pace, with an average gain of around 8 percent, reflecting steady demand amid affordability concerns.

Among government-backed investment products, the Naya Pakistan PKR Certificate offered through the Roshan Digital Account delivered a 22 percent return for investors who entered at the start of 2025. The Naya Pakistan US Dollar Certificate generated a comparatively lower but stable return of 10 percent over the same period. Government securities also performed well, with Pakistan Investment Bonds providing a 14 percent return, while 3-month and 1-year Treasury Bills yielded 12 percent each. The Special Saving Certificate matched this performance with a 12 percent return in its first year.

Local mutual funds produced an average return of 11 percent, while bank savings deposits offered around 9 percent, appealing to investors seeking lower risk and stable income. Returns on the US dollar remained modest at approximately 3 to 4 percent, as the rupee stayed relatively stable, with the interbank rate moving from Rs. 278 to Rs. 280 and the open market rate edging up from Rs. 280 to Rs. 281.

Cryptocurrency investments, which are not officially permitted in Pakistan, recorded a negative return of minus 4 percent, reflecting global market volatility and domestic regulatory constraints. Overall, the report highlights that investors who allocated capital to gold and equities in 2025 benefited the most, while real estate and government securities provided steady and reliable returns. Fixed-income instruments and low-risk options continued to appeal to risk-averse investors, making 2025 a year of strong and diversified investment performance in Pakistan.