Business & Finance News

Karachi, TPL REIT Fund I has successfully completed its initial public offering (IPO) on May 2 and May 3, 2024, with subscription figures indicating a significant oversubscription, as confirmed by the Registrar, Digital Custodian Company Limited. The ...

Karachi, International Steels Ltd. announced a 65% distribution for the fiscal year ending June 2024. The stock closed at Rs. 70.90 with a daily weighted average rate of Rs. 4,350.00. The company's EPS for 2022/2023 stood at 8.09, with a turnover of 3...

Karachi, Nishat Power Ltd. has declared a 45% cash dividend and a 70% stock dividend for its financial year ending in June 2023. Additionally, the company announced a second issuance of a 45% interim dividend. The EPS for January to April 2024 has bee...

Karachi, Millat Tractors Ltd., known for its significant role in the automotive industry, marked a closing stock price of Rs. 605.75 with a peak rate of Rs. 1,917.98. The company declared a substantial 650% dividend for 2023 and maintained a similar t...

Karachi, Shahtaj Textile Limited has declared an impressive 130% cash dividend and a 65% bonus share for its shareholders, leading the textile sector in distributions. The company witnessed a healthy EPS of 15.84, reflecting its strong financial healt...

Karachi, Jubilee Life Insurance Company Limited has successfully credited a final cash dividend of Rs. 10.00 per share, which is 100% of the share value, to shareholders for the year ending December 31, 2023. The dividends were deposited electronicall...

Karachi, Askari Life Assurance Company Limited announced the reappointment of Lt. Gen. Nauman Mahmood (Retd) as Chairman of the Board of Directors. The decision followed the election of directors on April 24, 2024. Lt. Gen. Mahmood will serve another ...