Karachi:   Fund Name Date  Offer Price Redemption Price NAFA Income Opportunity Fund Aug 23, 2011 9.8736  9.8736 NAFA Stock Fund Aug 23, 2011 6.2622 6.0798 NAFA Multi Asset Fund Aug 23, 2011   9.4417 9.1667 NAFA Islamic Aggressive Income Fund Aug 23, 2011 7.4150 7.3416 NAFA Islamic Multi Asset …

Islamabad: Polish Deputy Prime Minister and Minister of Economy Mr. Waldemar Pawlak conferred this morning the title “Person of Merit for Mining in the Republic of Poland” on Dr. Asim Hussain, Federal Minister for Petroleum and Natural Resources. This state distinction has been bestowed on the Minister in recognition of …

Islamabad: Dr. Asim Hussain, Federal Minister for Petroleum and Natural Resources has appreciated the cooperation extended by Polish Government in the Oil and Gas Sector. He was talking to the Polish Economy Minister and Secretary of State of Ministry of Foreign Affairs at Warsaw, Poland on Thursday. Proposals for establishment …

Islamabad: Sri Lanka to allocate importation of entire basmati rice quota to private sector from 2012 Pakistan to remove crude coconut oil from their No Concessions list. The Secretarial Level Meeting and talks between Pakistan and Sri Lanka on the bilateral Free Trade Agreement (FTA) in Colombo were concluded on …

Karachi: JCR-VIS has reaffirmed the entity ratings of Silk Bank Limited (SBL) at ‘A-/A-2’ (Single A Minus/A-Two). Due to unsubscribed rights issue of Rs. 2.5b pertaining to Bank Muscat, previously a major shareholder in the bank, Capital Adequacy Ratio (CAR) of SBL has remained below the international benchmark for commercial …

Lahore: Pace has witnessed significant deterioration in its financial profile and business prospects in the recent period. This, to a large extent, is due to tough operating environment prevailing in the real estate sector resulting in low turnover, high stock-in-trade, and extended receivables; all putting significant pressure on the company’s …

Karachi: Etihad Airways today announced Lynette Dobson from Abingdon, England, as the lucky winner of two tickets to the Maldives through its ‘Escape to Paradise’ Facebook competition. Over 8,000 people across the globe entered the competition, which used a Facebook quiz to find out how romantic the respondents were. Winner …