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NBP Sarmaya Izafa Fund Reports Year-End Financial Position

Karachi: Details regarding the financial stance of NBP Sarmaya Izafa Fund as of June have been disclosed. Having been on the market since 2010, the fund presented an offer price of 19.29 and a redemption price of 18.66. The year 2021 saw substantial distributions at a rate of 22.15%, whereas no distributions were reported for 2022 and 2023. The previous book closure date and further financial details were not provided.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...