Business

Islamabad, Pakistan's banking sector concluded the calendar year 2023 on a high note, achieving another year of record-high profitability, driven by a 600 basis points increase in interest rates and a significant 30% year-over-year jump in asset base....

The post Pakistan’s Banking Sector Closes CY23 with Record Profits Amid High Interest Rates appeared first on Pakistan Business News.

Karachi, Mehran Sugar Mills Ltd. declared various distributions for the fiscal year ending September 2022, including a 7.5% interim and 25% bonus, highlighting its strong financial performance. The company's paid-up capital is Rs. 749.28 million, with...

Karachi, AL-Noor Sugar Mills Ltd. (ALNRS) announced a significant dividend of 50%, increased to 90%, following robust earnings of 14.43 per share for the fiscal year ending September 2023. The company saw its shares trading between 106.2 and 75.07, wi...

Karachi, The Allied Capital Protected Fund, listed since 2018, is poised for its June distributions. While specific offer and redemption prices were not disclosed, the fund focuses on capital protection, aiming to safeguard investor interests within t...

Karachi, The UBL Income Opportunity Fund has released new financial figures, setting the offer price at 121.15 rupees and the redemption price at 119.13 rupees. Since its inception in 2013, the fund continues to adapt its financial strategies to meet ...

Karachi, Ghazi Fabrics International Ltd. faced a challenging financial period as it reported a significant loss with an earnings per share (EPS) of Rs. (14.00) for January to February 2024. Despite a high trading rate of Rs. 7.8 and a low of Rs. 4.82...

Karachi, Gatron (Industries) Ltd, operating in the synthetic and rayon sector, announced a combined distribution of 30% interim plus a 100% bonus, alongside a 41.70% retention for the year. Trading under the symbol GATI, the company's shares saw a hig...