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Allied Rental Modaraba Announces 15% Distribution for June Year End

Karachi: Allied Rental Modaraba (ARM), listed in 2007, closed at a rate of Rs. 27.00 per share with a daily weighted average rate also at Rs. 27.00. The company, with a paid-up capital of Rs. 2,200 million, announced a 15% distribution for the year ending in June. No previous distributions were reported for the years 2021, 2022, or 2023. ARM’s market lot consists of 500 shares, and it recorded a turnover with a high rate of Rs. 25 and a low rate of Rs. 152,500. The previous book closure was on October 20.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...