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Major Shareholder Muhammad Anis Mianoor Set to Purchase Remaining Shares in Johnson & Phillips (Pakistan) Ltd.

January 29, 2024 Uncategorized

Karachi, Johnson & Phillips (Pakistan) Ltd., a longstanding player in the Pakistan Stock Exchange, has announced a significant development. Muhammad Anis Mianoor, a major shareholder, has decided to purchase all remaining shares of the company hel...

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Saif Power Ltd. Announces Strong Distributions Amid Positive Financial Performance

January 29, 2024 Uncategorized

Karachi, Saif Power Ltd. (SPWL), listed in 2014, declared an 85% distribution, followed by a 27.90% interim distribution for the fiscal year ending December 2023. The company's share price was Rs. 19.33, reaching a high of Rs. 22.6 and a low of Rs. 16...

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K-Electric Ltd Faces Market Challenges; Reports Negative EPS

January 29, 2024 Uncategorized

Karachi, K-Electric Ltd (KEL), one of the oldest players in the power sector since 1949, faced significant market challenges, reflected in its negative EPS of Rs. (1.12). The company, with no distributions announced, saw its share price fluctuate betw...

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Mahmood Textile Mills Ltd. Reports Exceptional Financial Performance

January 29, 2024 Uncategorized

Karachi, Mahmood Textile Mills Ltd. (MEHT) reported exceptional financial performance for the year ending June 2023. The company's daily weighted average rate was Rs. 300.00, with a paid-up capital of Rs. 300.00 million. MEHT declared a 100% cash and ...

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Meezan Bank Ltd. Reports Substantial Year-End Results

January 29, 2024 Uncategorized

Karachi, Meezan Bank Ltd. (MEBL), a major player in the Islamic banking sector, announced a daily weighted average rate of Rs. 166.60 for the fiscal year ending December 2023. The bank's paid-up capital is Rs. 17,912.53 million. Meezan Bank declared a...

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NIT – Islamic Income Fund Reports on Market Activity

January 29, 2024 Uncategorized

Karachi, Since 2019, the NIT - Islamic Income Fund has been active in the market. The fund reported offer and redemption prices of Rs. 10.18 for June, focusing on Islamic income strategies. The fund did not declare any distribution.

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Sui Northern Gas Pipelines Reports Strong Financial Results

January 29, 2024 Uncategorized

Karachi, Sui Northern Gas Pipelines (SNGP) reported strong financial results for the fiscal year ending June 2023. The company's daily weighted average rate was Rs. 68.65, with a significant paid-up capital of Rs. 6,342.17 million. SNGP declared a 15%...

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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 Weather to Persist Across Most Parts of Country: PMD

    2 days ago
  • Pakistan Keen to Further Strengthen Cooperation with US: PM

    2 days ago
  • MoRA Urges Pilgrims to Renew Passports Early for Hajj 2027

    2 days ago
  • Pakistan and Jordan Leadership Voice Concerns Over Escalating Palestine Tensions

    2 days ago
  • Pakistan Customs Successfully Thwarts Smuggling Attempts in GB

    2 days ago

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