Business & Finance News

Karachi, With an impressive distribution of 17.32% for the year ending June 2023, the NBP Islamic Sarmaya Izafa Fund has posted an offer price of Rs 24.54 and a redemption price of Rs 23.73. This fund has been available to investors since 2007 and con...

Karachi, Arif Habib Dolmen REIT Management Limited has credited an interim cash dividend of Re. 0.50 per unit, which is 5.0% annualized to 20.0%, for Dolmen City REIT for the quarter ending March 31, 2024. The payment was processed electronically into...

Karachi, Otsuka Pakistan Ltd. experienced a slight decline in its earnings, posting an EPS of Rs -0.60, down from Rs -0.50. Despite this, the company declared a 15% dividend for its shareholders. The share price is Rs 121.00. Otsuka Pakistan, listed s...

Karachi, EFU Life Assurance Ltd. (EFULAL), trading as EFULAL NC, declared a substantial dividend of 150% for its shareholders today at the Pakistan Stock Exchange. The company has a paid-up capital of Rs. 1,000 million and a minimal turnover of 1 mark...

Karachi, Engro Polymer & Chemicals Limited has announced the co-option of Mr. Ahsan Zafar Syed as Chairman and Director on its board, effective immediately. The appointment fills the vacancy left by the resignation of Mr. Ghias Khan. Mr. Syed will s...

Lahore, M/s. IBL Modaraba Management (Private) Limited, the management company of First IBL Modaraba (FIBLM), convened its board meeting at 4-L, Gulberg-III, Main Ferozepur Road, Lahore at 10:30 a.m. today. The board approved the financial accounts fo...

Karachi, The Al Ameen Islamic Financial Planning Fund III announced a redemption price of zero, indicating no activity. Its sub-funds showed varied performances: the Al Ameen Islamic Active Allocation Plan XI and the Al Ameen Islamic Active Principal ...