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Ideal Spinning Mills Reports Significant Loss in Fiscal Year 2022-2023

Karachi, Ideal Spinning Mills Ltd. (IDSM), part of the textile industry since 1991, has disclosed a substantial loss with an EPS of Rs. (55.85) for the year ending January 2024. The share price stood at Rs. 15.50, with a 20% dividend being the only distribution for the year. The results indicate severe challenges faced by the company, with a paid-up capital of Rs. 500 million. Ideal Spinning Mills continues to navigate through market volatilities affecting its financial health.

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Pakistan and Kuwait Pledge to Enhance Bilateral Ties

Islamabad: Pakistan and Kuwait have reaffirmed their commitment to strengthen their brotherly relations. Deputy Prime Minister and Foreign Minister Ishaq Dar engaged in talks today with the Foreign Minister of Kuwait, Sheikh Jarrah Jaber al-Ahmad al-S...