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Karachi, The UBL Money Market Fund, operational since 2014, disclosed its June 2023 financial performance. The fund offered a price of Rs. 109.87 and a redemption price of Rs. 108.64. It announced a distribution of 5.40% for the year, highlighting its...
Read More »Pak Oman Daily Dividend Fund Maintains Stability in 2023
Karachi, The Pak Oman Daily Dividend Fund, introduced in 2022, reported its financial performance for June 2023. The fund's offer price was Rs. 10.05, and the redemption price was Rs. 10. No distribution was declared for the year, reflecting its posit...
Read More »NIT – Asset Allocation Fund Reports for June 2023
Karachi, NIT - Asset Allocation Fund, operational since 2020, disclosed its financials for June 2023. The fund's offer price was Rs. 12.05, with a redemption price of Rs. 11.76. No distribution was declared for the year, indicating its position in the...
Read More »Pakistan’s Current Account Reports Surplus in November, But Overall Deficit Persists
Islamabad, Pakistan's current account balance showed a surplus of US$9 million in November 2023, but the country continues to face a broader deficit challenge, with the cumulative current account deficit (CAD) for the fiscal year reaching US$1.16 billi...
The post Pakistan’s Current Account Reports Surplus in November, But Overall Deficit Persists appeared first on Pakistan Business News.
Read More »Bank Alfalah Limited and U Microfinance Bank Announce PKR 10 Billion Financing Facility Collaboration
Karachi, U Microfinance Bank (U Bank), a major microfinance bank in Pakistan, has entered into a strategic partnership with Bank Alfalah Limited, a leading commercial bank in the country. The collaboration aims to provide a short-term financing facilit...
The post Bank Alfalah Limited and U Microfinance Bank Announce PKR 10 Billion Financing Facility Collaboration appeared first on Pakistan Business News.
Read More »Decline in Remittances and Economic Challenges in Pakistan Highlighted by Former ICCI President
Islamabad, Dr. Shahid Rasheed Butt, former President of the Islamabad Chamber of Commerce and Industry (ICCI), expressed serious concerns over the continued decrease in remittances, a key source of foreign exchange earnings for Pakistan.According to Is...
The post Decline in Remittances and Economic Challenges in Pakistan Highlighted by Former ICCI President appeared first on Pakistan Business News.
Read More »Pakistan Stock Market Faces Mixed Technical Signals, with Caution Advised
Karachi, The Karachi Stock Exchange (KSE-100 Index) experienced a notable decline, failing to sustain its intraday high and closing lower, amidst mixed technical signals for various stocks.According to JS Global, the KSE-100 index was unable to maintai...
The post Pakistan Stock Market Faces Mixed Technical Signals, with Caution Advised appeared first on Pakistan Business News.
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