Modaraba Al- Mali Showcases Exceptional Performance

Karachi, Modaraba Al- Mali (MODAM) has showcased an exceptional performance, with a current rate of Rs. 5.14 and a daily weighted average rate of Rs. 5.00. The modaraba, with a significant paid-up capital of Rs. 908.17 million, declared a substantial 331% right and 3.7% distribution for the year. Listed in 1987, MODAM’s EPS for January-November 2023 is Rs. 5.7, with a high rate of Rs. 1.83.

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Pakistan Issues $3 Billion Dual-Tranche Eurobond

Islamabad: Pakistan has issued a three-billion-dollar dual tranche Eurobond. The positive development was shared by Finance Minister Muhammad Aurangzeb while speaking at the High-Level International Dialogue on Taxation for Fiscal Sustainability in Pa...