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Karachi, The Pakistan Income Fund, operational since 2002, announced a distribution of Rs 3.54 per unit in 2023. The fund, specializing in income generation, listed an offer price of 60.16 and a redemption price of 58.83.
Read More »Thal Limited. Posts Strong Earnings and High Stock Values
Karachi, Thal Limited., operating under the symbol NC, posted strong earnings in the Pakistan Stock Exchange with an EPS of Rs. 42.97 for January-November 2023. The company, with a paid-up capital of Rs. 405.15 million, experienced a high stock rate o...
Read More »Pak Oman Islamic Asset Allocation Fund Records 2.30% Distribution, Karachi
Karachi, The Pak Oman Islamic Asset Allocation Fund, active since 2009, recorded a 2.30% distribution in 2023. The fund, specializing in Islamic asset allocation, listed an offer price of 43.83 and a redemption price of 42.62.
Read More »Kohinoor Textile Mills Ltd. Reports Steady Dividend Payout in 2023
Karachi, Kohinoor Textile Mills Ltd. (NC) has maintained a consistent dividend payout for the year ending June 2023. The company's shares traded at Rs. 89.45, with a daily weighted average rate of Rs. 2,692.99. It declared a 20% dividend, a slight inc...
Read More »Unpopular Government Decisions Restore Confidence in International Institutions, Says Mian Zahid Hussain
Lahore, Mian Zahid Hussain, Chairman of the National Business Group Pakistan and President of the Pakistan Businessmen and Intellectuals Forum, acknowledged that while recent government and central bank decisions have been unpopular and challenging for...
The post Unpopular Government Decisions Restore Confidence in International Institutions, Says Mian Zahid Hussain appeared first on Pakistan Business News.
Read More »VIS Affirms Stable ‘A/A-2’ Rating for Lucky Renewables Amid Economic Shifts
Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Lucky Renewables (Pvt) Limited (formerly Tricom Wind Power (Pvt) Limited) at ‘A/A-2’, reflecting its sustained good credit quality and stable outlook in a dynamic eco...
The post VIS Affirms Stable ‘A/A-2’ Rating for Lucky Renewables Amid Economic Shifts appeared first on Pakistan Business News.
Read More »Pakistan’s December 2023 Inflation Rate Expected to Marginally Slow to 28.6%
Karachi, The Consumer Price Index (CPI) for December 2023 in Pakistan is expected to show a marginal slowdown to 28.6% on a year-over-year basis, recent forecasts. This deceleration trend is anticipated to continue, supported by a decrease in fuel pric...
The post Pakistan’s December 2023 Inflation Rate Expected to Marginally Slow to 28.6% appeared first on Pakistan Business News.
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