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Karachi: UBL Financial Planning Fund, listed since 2018, disclosed its financial results for June 2023, showcasing an offer price and redemption price of 0. There were no distributions reported for 2021 and 2023, while the distributions for 2022 were ...

Karachi: UBL Dedicated Equity Fund, operational since 2019, reported both its offer price and redemption price at 90.12 as of June 2023. There were no distributions reported for the years 2021, 2022, and 2023.

Karachi: Philip Morris (Pakistan) Ltd. (PMPK), a non-cumulative company, closed the trading day at PKR 548.99, whereas its daily weighted average rate was slightly higher at PKR 557.72. The company boasts a paid-up capital of PKR 615.80 million, accor...

Karachi, VIS Credit Rating Company Ltd. (VIS) has once again asserted the Broker Management Rating of Next Capital Limited (NCL) at ‘BMR2++’. With a 'Stable' outlook attached, this action follows the previously announced rating on June 21, 2022.Accordi...

The post VIS Maintains Next Capital Limited’s ‘BMR2++’ Broker Management Rating with Stable Outlook appeared first on Pakistan Business News.

Karachi, Shields REIT Management Company Limited (SRMC) has been granted the initial Management Quality Rating (RMC) of 'AM4+ (RMC)’ by VIS Credit Rating Company Limited. The rating indicates that SRMC has adequate management characteristics, and the o...

The post VIS Awards ‘AM4+’ Management Quality Rating to Shields REIT Management Company Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, In a significant development, Shell Petroleum Company Limited, an affiliate of Shell plc, has entered into an agreement to offload its 77.42% majority stake in Shell Pakistan Limited (SPL) to Wafi Energy LLC.According to Shell Petroleum Compan...

The post Shell Agrees to Sell Majority Stake in Shell Pakistan Limited to Wafi Energy LLC appeared first on Pakistan Business News.

The Senate today unanimously passed a resolution expressing strong support and solidarity with the oppressed Palestinian people.The resolution moved by Leader of the House Ishaq Dar reiterated Pakistan’s principled policy on supporting the inalienable...