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MCB Investment Management Limited Releases Year-End Financial Results

January 29, 2024 Uncategorized

Karachi, MCB Investment Management Limited (MCBIM) disclosed its financial results for the year ending June 2023. The company achieved a daily weighted average rate of Rs. 29.13 with a paid-up capital of Rs. 720 million. MCBIM announced a significant ...

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Askari Life Assurance Co. Faces Challenges in Fiscal Year

January 29, 2024 Uncategorized

Karachi, Askari Life Assurance Co. (ALAC) reported a challenging financial year for the period ending December 2023. The company's daily weighted average rate was Rs. 12.96, with a paid-up capital of Rs. 1,501.72 million. ALAC, listed since 1994, expe...

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LSE Proptech Ltd. Faces Financial Difficulties

January 29, 2024 Uncategorized

Karachi, LSE Proptech Ltd. (LSEPL) faced financial difficulties in the fiscal year ending June 2023. The company's daily weighted average rate was Rs. 3.61, with a paid-up capital of Rs. 900.91 million. LSEPL did not declare any distribution for the y...

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UBL Growth & Income Fund Maintains Market Operation

January 29, 2024 Uncategorized

Karachi, The UBL Growth & Income Fund, established in 2006, has been operational in the market. The fund's Growth and Income Units both reported a redemption price of Rs. 96.63 for June, indicating their continued focus on growth and income strategies...

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Al-Abbas Sugar Mills Posts Robust Growth in Distributions

January 29, 2024 Uncategorized

Karachi, Al-Abbas Sugar Mills Ltd. (AABS), a prominent player in Pakistan's sugar industry, announced significant increases in distributions for the fiscal year ending September 2023. The company declared a 550% distribution, a notable rise from the p...

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Pakistan Cash Management Fund Achieves Notable Returns

January 29, 2024 Uncategorized

Karachi, January 30, 2024 – Active since 2009, the Pakistan Cash Management Fund reported an offer price of Rs. 51.04 and a redemption price of Rs. 50.47 for June. The fund announced a distribution of "Rs 4.07 per unit", reflecting its effective cash ...

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Dewan Cement Ltd. Faces Financial Difficulties

January 29, 2024 Uncategorized

Karachi, Dewan Cement Ltd. (DCL) faced financial difficulties in the fiscal year ending June 2023. The company, with a paid-up capital of Rs. 4,841.13 million, did not declare any distribution for the year. DCL, listed since 1989, saw its share price ...

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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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