Karachi, AKD Investment Management Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on July06, 2018 to consider and approve final payouts in the following Collective Investment Schemes / Mutual Funds under its management: 1. AKD Aggressive Income Fund (AKDAIF) 2. AKD Cash Fund (AKDCF) 3. AKD Opportunity Fund (AKDOF) 4. AKD Index Tracker Fund (AKDITF) 5. AKD Islamic Income Fund (AKDISIF) 6. AKD Islamic Stock Fund (AKDISSF) The register of the Unit Holders of the above mentioned funds managed by the company will remain closed from July 02, 2018 to July 06, 2018, both days inclusive. “The Objective of AKD Cash Fund (AKDCF) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high quality short term securities/instruments, which will provide liquidity. The fund will exclusively invest in highly secure (‘AA’ and above) short term debt instruments such that the weighted average maturity of its net assets will stay below 90 days. AKD Investment Management Limited serves investors in Pakistan’s capital markets with diligence, integrity and professionalism, thereby delivering consistent superior returns and unparalleled customer service. AKD Investment Management Limited (AKDIML) is the investment management firm under umbrella of AKD Group. AKD Investment was established in September 2004.[1] The firm focuses on investment management, managing mutual funds and discretionary management of institutional portfolios. The symbol “OEFAKDCF” is being used by the stock exchange for AKD Cash Fund.”

Karachi, June 26, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited has assigned initial entity ratings of ‘A/A-1’ (Single A /A-One)…

Inaugural Ambassadors start work in Central Texas! SEATTLE and AUSTIN, Texas, June 26, 2018 (GLOBE NEWSWIRE) — DIGITALTOWN, INC. (OTC:DGTW). DigitalTown, Inc., provider of the world’s first Global Smart City Network powered by Blockchain-based, decentralized applications, announced the launch of its Global Youth Ambassador Program (GyAP) for youth who are passionate about co-creating a fairer […]

A pledging conference for the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) kicked-off here on Monday. The conference is aimed to address the body's chronic funding shortfall and also examine long-term prioritie...

A meeting of the Punjab Cabinet chaired by caretaker Chief Minister Professor Hassan Askari was held in Lahore today.During the meeting the caretaker Chief Minister approved budget of four months for financial year 2018-19.The meeting also approved 10 ...

A delegation of Sindh Rural Support Organization (SARSO) called on Caretaker Chief Minister Sindh Fazal-ur-Rehman at Chief Minister House in Karachi today.Delegation was led by Chairman SARSO Shoaib Sultan. Rural development and women rights were discu...

A terrorist, Naimtullah was arrested in Peshawar on Tuesday. According to Counter Terrorism, he was wanted to police in different acts of terrorism in Swat in 2008.Source: Radio Pakistan