Fund Name Date Offer Price Redemption Price         NAFA Government Securities Liquid Fund Sep 19, 2011 10.1547 10.1547 NAFA Savings Plus Fund Sep 19, 2011 10.0910 10.0910 NAFA Income Opportunity Fund Sep 19, 2011 9.4556 9.4556 NAFA Riba Free Savings Fund Sep 19, 2011 10.1617 10.1617 NAFA …

Islamabad: Foreign Minister Hina Rabbani Khar met US Secretary of State Hillary Clinton last night for three and half hours. The two Ministers held in-depth exchange of views on all aspects of bilateral relations, regional and international issues. The talks were marked by the desire to deepen understanding and by …

Islamabad: A meeting of the National Price Monitoring Committee was held on 19th September, 2011 in Finance Division under the chairmanship of Secretary Finance which was attended by the representatives from the provinces of Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, and Ministries of Planning and Development, Industries, Federal Bureau of Statistics …

Lahore: Maple Leaf Cement Factory Limited (MLCFL), since the past few years, has been facing severe business and financial constraints. The company has been incurring losses since FY08. This has resulted in significant erosion in equity (net of revaluation surplus), thereby leading to additional stress on the company’s capital structure. …

Karachi:   Date   Offer Redemption NAV Pak OMAN Government Securities Fund (POGSF)  Sep 17, 2011  10.1677 10.1677 Pak Oman Advantage Fund Islamic Income (POAIIF)  Sep 17, 2011 52.1815 99.6597 Pak Oman Advantage Asset Allocation Fund (POAAAF) Sep 17, 2011 NA NA Pak Oman Islamic Asset Allocation Fund (POIAAF) Sep …

Islamabad: Federal Minister for Petroleum and Natural Resources Dr. Asim Hussain has said that government is cognizant of the problems faced by CNG sector and is striving to resolve their issues however, concerns of all other stakeholders including domestic consumers, fertilizer companies and power producers are also to be considered. …

Karachi: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the fund stability rating of Namco Income Fund (NIF) at ‘A(f)’ (Single A (f)). The rating incorporates the credit quality of existing exposures carried in the fund. At end-August 2011, around 80% of total assets of the fund were invested in …