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U Microfinance Bank Limited to Pay Next Coupon in June 2024 for Its Debt Security

April 26, 2024 Business & Finance News

Karachi, U Microfinance Bank Limited has announced June 23, 2024, as the next coupon date for its four-year debt securities. These securities are issued at a face value of Rs. 100,000 each and feature a profit rate of 6-month KIBOR plus 1.35%. The tot...

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United Distributors Pakistan Ltd Records Loss

April 26, 2024 Business & Finance News

Karachi, United Distributors Pakistan Ltd (UDPL) noted a substantial loss with an EPS of Rs (10.56) in the first quarter of 2024. The stock was traded at Rs 352.71 today, peaking at Rs 39.94 in 2023 with a daily weighted average of Rs 26000. Since its...

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Mughal Iron & Steel Industries Limited Offers Five-Year Bond

April 26, 2024 Business & Finance News

Karachi, Mughal Iron & Steel Industries Limited has entered the debt market with a five-year bond, part of its efforts to secure long-term financing. The bond has a face value of Rs. 1,000,000 per unit, with an interest rate based on the...

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Adam Sugar Mills Reports Decrease in Dividend Amid Modest Earnings

April 26, 2024 Business & Finance News

Karachi, Adam Sugar Mills Ltd. (ADAMS) announced a reduced dividend of 25%, down from an interim (I) 15% in the previous year. Despite the downturn, the stock reached a peak of Rs. 42.99 and a low of Rs. 493000, with earnings per share at Rs. 5.86. Th...

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Pakistan Hotels Developers Sees Negative Earnings in Q1 2024

April 26, 2024 Business & Finance News

Karachi, Pakistan Hotels Developers (PHDL) experienced a negative EPS of Rs (2.62) in the first quarter of 2024. The shares were priced at Rs 450.74 today, reaching a high of Rs 582.25 in 2023 with a daily weighted average of Rs 180.00. The turnover s...

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Service Industries Limited Announces Book Closure for Dividends and AGM

April 26, 2024 Board Meetings

Lahore, Service Industries Limited has announced the closure of transfer books from April 20, 2024, to April 26, 2024, for the upcoming dividend distribution. The Annual General Meeting (AGM) is scheduled for April 26, 2024, at 11:30 AM, where shareho...

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MCB Bank Sets Book Closure Dates for Early May

April 26, 2024 Board Meetings

Karachi, MCB Bank Limited will close its share transfer books from May 7, 2024, through May 9, 2024. The cutoff for shareholders to be recorded is set for May 3, 2024.

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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.

  • Met Office Predicts Hot and Dry Spell Across the Country

    3 days ago
  • DPM Expresses Grief Over Shooting Incident in Washington

    3 days ago
  • Pakistan-China Ties Remain Cornerstone of Foreign Policy, Says President Zardari

    3 days ago
  • CM Sindh Visits Red Line BRT Project in Karachi

    3 days ago
  • President Asif Ali Zardari Arrives in Changsha for Strategic Visit to China

    3 days ago

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