Business & Finance News

Karachi: The Meezan Energy Fund (MEF), an open-end equity fund focused on Shariah-compliant investments in the energy sector, reported a substantial positive return of 86.79% to its investors for the fiscal year ending June 30, 2024. According to info...

Karachi: United Bank Limited (UBL) disclosed a transaction by a non-executive director in compliance with Pakistan Stock Exchange regulations. According to the announcement dated October 14, 2024, Tahira Sheikh, identified as a non-executive director ...

Karachi: EFG Hermes Pakistan Limited (EFGH) announced the approval of its merger with IMS Securities Limited (IMS) following the sanction of the Scheme of Arrangement by the Honourable High Court of Sindh. According to the disclosure issued by EFG Her...

Karachi: The Meezan Strategic Allocation Fund (MSAF), a Shariah Compliant fund of funds scheme, reported mixed financial results for its five investment plans as of June 30, 2024. The fund, aiming to generate returns through diversified allocation in ...

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has approved an extension for Dost Steels Limited, allowing the company additional time to hold its Annual General Meeting (AGM) and to submit its financial statements for the fiscal...

Lahore: Systems Limited has announced that its 223rd Board Meeting will convene on October 21, 2024, at Lahore office and online. The key agenda for the meeting will be to review the company's quarterly accounts for the period ending September 30, 202...

Karachi: In a significant move within the energy sector, Siemens AG has finalized the sale of its Energy Business Segment to Siemens Gamesa Renewable Energy (Private) Limited. This transaction, approved by Siemens AG's Board of Directors, carries a to...