Business & Finance News

Karachi: Artistic Denim Mills Ltd., a prominent player in the textile industry, disclosed a significant transaction executed by its CEO, Mr. Yousef Ahmed. The details, released on October 14, 2024, involve the sale of 3,500.00 million shares at a rate...

Karachi: The Meezan Strategic Allocation Fund – II (MSAF – II) achieved significant returns in fiscal year 2024, posting a net income of Rs. 78.00 million. The fund, which focuses on strategic asset allocation between Shariah-compliant fixed income an...

Karachi: Lalpir Power Limited has announced an Extraordinary General Meeting (EOGM) to be held on November 14, 2024, at Karachi. The company earlier communicated via a letter dated October 9, 2024, about the upcoming EOGM which has now been schedule...

Karachi: Ghani Global Glass Limited and its subsidiary, Ghani Chemical Industries Limited, reported significant financial developments for the fiscal year ending June 2024. The consolidated gross sales reached Rs. 9,355.32 million, reflecting an incre...

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Karachi: The Chief Executive Officer of MCB Investment Management Limited, the managing entity of the Alhamra Daily Dividend Fund (ALHDDF), has declared a dividend distribution. On October 13, 2024, a dividend of Re. 0.0422 per unit was approved by th...

Rawalpindi: Fauji Fertilizer Bin Qasim Limited (FFBL) and Fauji Fertilizer Company Limited (FFCL) are set to amalgamate following a special resolution passed during the Extraordinary General Meeting (EOGM) on November 4, 2024. The merger, approved by ...

Karachi: The Meezan GORP Pension Fund (MGOFRPP), which primarily invests in Shariah-compliant stocks and debt instruments, has reported a significant increase in assets for the period ending December 14, 2023. According to information available from...