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Pace (Pakistan) Limited Reports Negative Earnings with No Dividend

March 8, 2024 Business

Karachi, Pace (Pakistan) Limited (PACE), engaged in the property sector since 2007, announced a nil dividend for the fiscal year ending in June 2022/2023, amidst negative earnings per share (EPS) of Rs. (6.02). The company, with a large paid-up capita...

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JS Momentum Factor ETF Gains Traction in the Market

March 8, 2024 Business

Karachi, The JS Momentum Factor ETF (JSMFETF) set its market presence with a rate of 15.21 rupees, consistent with its daily weighted average. Launched in 2022, the fund has garnered significant attention with a fund size of 72.946 million rupees. The...

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Mahmood Textile Mills Ltd. Declares Whopping 100% Dividend Plus 60% Bonus

March 8, 2024 Business

Karachi, Mahmood Textile Mills Limited (MEHT), a key player in the textile sector since 1973, has declared an extraordinary 100% dividend along with a 60% bonus for its shareholders, marking a significant payout for the fiscal year ending in June 2022...

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UBL Financial Sector Fund Adjusts Rates in Recent Financial Release

March 8, 2024 Business

Karachi, The UBL Financial Sector Fund has announced an adjustment in its rates, with the offer price now at 119.89 rupees and the redemption price at 115.96 rupees. Listed in 2018, the fund aims to provide transparency and adjust to market conditions...

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Mehran Sugar Mills Announces Diverse Distributions and High EPS

March 8, 2024 Business

Karachi, Mehran Sugar Mills Ltd. declared various distributions for the fiscal year ending September 2022, including a 7.5% interim and 25% bonus, highlighting its strong financial performance. The company's paid-up capital is Rs. 749.28 million, with...

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Pak Oman Advantage Islamic Income Fund Announces Distribution and Price Update

March 8, 2024 Business

Karachi, The Pak Oman Advantage Islamic Income Fund has announced a distribution of Rs 3.6433 per unit along with an offer price of Rs. 55.32 and a redemption price of Rs. 54.71. This financial update, provided to the Pakistan Stock Exchange (PSE), hi...

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Shadab Textile Mills Reports Loss for June 2023

March 8, 2024 Business

Karachi, Shadab Textile Mills Ltd. (SHDT), listed on the Pakistan Stock Exchange since 1985, reported a significant loss with an earnings per share (EPS) of Rs. (6.49) for the year ending June 2023. The company declared a 5% distribution despite the f...

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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.

  • Hot, Humid Conditions Persist; Rain Forecasted for Upper Regions

    2 days ago
  • PM Directs Timely Completion of All Daanish Schools

    2 days ago
  • Government Committed to Empowering Youth with Equal Opportunities: PM

    2 days ago
  • PM Office System is Proving Successful: Ahad

    2 days ago
  • President and PM Praise Security Forces for Successful Operations in KP and Balochistan

    2 days ago

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