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Allawasaya Textile Mills Declares Dividend Amid High Share Price

May 31, 2024 Business & Finance News

Karachi, Allawasaya Textile Mills Ltd. NC (AWTX) announced a substantial dividend of 72.5% for 2023, with an additional 25% reserve dividend. Trading at a premium, today’s rate closed at Rs. 1255.00, with a minimal trading volume of 40 shares. The com...

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NI(U)T Fund Delivers Steady Returns, Projects Continued Earnings

May 31, 2024 Business & Finance News

Karachi, The NI(U)T Fund, with an offer price of 67.95 and a redemption price of 65.97, distributed Rs 4.50 per unit in 2022 and projects returns of Rs 2.33 per unit for 2024. One of the oldest funds, established in 1964, it has provided consistent fi...

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Meezan Sovereign Fund Reports No Change in 2023

May 31, 2024 Business & Finance News

Karachi, The Meezan Sovereign Fund, focusing on sovereign investments, remains steady with an offer price of Rs 63.18 and a redemption price of Rs 62.47. According to information available from the Pakistan Stock Exchange (PSX), there were no distribu...

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Meezan Asset Allocation Fund Delivers Impressive Returns

May 31, 2024 Business & Finance News

Karachi, The Meezan Asset Allocation Fund, listed in 2017, achieved a remarkable annual distribution of 19.00% in June 2022. The fund has an offer price of Rs. 65.16 and a redemption price of Rs. 63.02. According to information available from the Paki...

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Thal Industries Reports Decline in Sugar Recovery Amid Adverse Conditions

May 31, 2024 Business & Finance News

Lahore, The Thal Industries Corporation Limited released its unaudited financial results for the six months ending March 31, 2024. According to information available from the Pakistan Stock Exchange (PSX), the company reported a decrease in sugar reco...

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Saif Power Ltd Announces Substantial Dividend Increases

May 31, 2024 Business & Finance News

Karachi, Saif Power Ltd, trading under the symbol SPWL, has announced a notable increase in dividends, declaring an 85% payout for 2022 and an expected 42.90% for 2023. The company's strong financial health is reflected in its significant paid-up capi...

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Raza Elahi Appointed Independent Director at PSX Listed Company

May 31, 2024 Business & Finance News

Karachi, The Board of Directors of a Pakistan Stock Exchange (PSX) listed company has appointed Mr. Raza Elahi as the Independent Director, effective May 31, 2024. Mr. Elahi will serve for the remaining term of the Board, replacing Mr. Saif Hasan. Acc...

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Asianet Pakistan

Asia Net Pakistan is a website that provides press release distribution and publishes news online across various sectors including business, politics, sports, and entertainment. The primary goal is to keep readers informed about happenings that can impact their lives. The website publishes news and highlights issues, urging concerned authorities to address them.

  • NDMA Issues Nationwide Flood Alert Amid Rising River Levels

    2 days ago
  • PM Welcomes Board of Peace’s Progress on Disarmament

    2 days ago
  • Dar Welcomes Removal of Pakistan from War Risk Insurance List

    2 days ago
  • Government Commits to Nationwide High-Speed Internet Expansion

    2 days ago
  • Ali Pervaiz, Azerbaijani Envoy Discuss Expanding Energy Cooperation

    2 days ago

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