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Karachi, The Pak Oman Islamic Asset Allocation Fund, started in 2009, showed moderate performance with a redemption price decrease from 43.83 in 2021 to 42.62 in 2023. The fund declared a 2.30% distribution in 2021, aligning with its Islamic investmen...

Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has proposed two separate rights issues. The first rights issue will be at a rate of 65%, while the second one will be at a rate of 11.2443%. These proposed rights issues signify t...

Peshawar, The Small Industries Estate in Peshawar witnessed the inauguration of a new Business Centre, a significant development in the region's industrial landscape. Dr. Aamer Abdullah, Khyber Pakhtunkhwa (KP) Minister for Industries, Commerce, Techni...

The post New Business Centre Inaugurated at Peshawar’s Small Industries Estate appeared first on Pakistan Business News.

Karachi, VIS Credit Rating Company Limited has recently assigned a preliminary rating of 'A-1' ('A-One') to the Short-term Sukuk instrument issued by Agha Steel Industries Limited (ASIL). This rating signifies a high certainty of timely payment, bolste...

The post Agha Steel Industries Limited Receives ‘A-1’ Rating for Short-Term Sukuk by VIS Credit Rating Company” appeared first on Pakistan Business News.

Lahore, In a significant move to bolster social welfare and relief efforts, Nestlé Pakistan has made a corporate contribution of PKR 5 million to the Pakistan Red Crescent Society (PRCS). This contribution is aligned with Nestlé's philosophy of Creatin...

The post Nestlé Pakistan Extends PKR 5 Million to Pakistan Red Crescent Society for Social Welfare and Relief Work appeared first on Pakistan Business News.

Karachi, In a recent evaluation, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Agha Steel Industries Limited (ASIL) as 'A/A-2', reflecting a stable outlook. This assessment signifies ASIL's robust credit quality and assures inv...

The post VIS Credit Rating Company Affirms Agha Steel Industries’ Ratings with Stable Outlook appeared first on Pakistan Business News.

On the direction of Caretaker Prime Minister Anwaar-ul-Haq Kakar, all the women and children of Baloch protesters, detained in Islamabad, have been released. This was stated by Caretaker Minister for Privatization Fawad Hassan Fawad at a joint news co...