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Muzaffarabad, The Bank of Azad Kashmir has reported a significant surge in its profits, reaching 2.54 billion rupees in less than four years, a substantial increase from the 1.78 billion rupees earned over the previous 14 years. This notable growth in ...

The post Bank of Azad Kashmir Achieves Remarkable Growth, Profit Surges in Four Years appeared first on Pakistan Business News.

Karachi, The HBL Government Securities Fund, listed since 2010, disclosed its year-end financials. The fund's offer price was set at 116.18, with a redemption price of 113.62. It announced a distribution of 5.60%, amounting to "Rs 4.75 per unit."

Karachi, BankIslami Pakistan Ltd (BIPL) ended at Rs. 21.68, with an average rate of Rs. 22.01. The bank's paid-up capital stands at Rs. 11,087.03 million. BIPL recorded a turnover of 631,551,345 shares and declared a 10% dividend for 2022 and a 1.75% ...

Karachi, Habib Bank Limited has introduced a "TFC (Tier-I)" (HBLTFC3) with a market lot of 1 and face value of Rs. 100,000. This perpetual security features a profit rate of "3M KIBOR +2.00%", covering a total issue size and outstanding principal of R...

Karachi, Askari Bank Limited has released details of its "TFC (Tier-I)" (AKBLTFC6) issuance. This perpetual security, with a market lot of 1 and face value of Rs. 1,000,000, offers a profit rate of "6M KIBOR +1.5%". It has a total issue size of Rs. 6,...

Karachi, Ellcot Spinning Mills Ltd. (ELSM) ended the day at Rs. 96.90, with a daily weighted average rate of Rs. 96.40. The company, which has been in the market since 1990, posted an EPS of Rs. 74.30 for January-November 2023. Ellcot Spinning Mills, ...

Karachi, In a recent financial development, steel rates in Pakistan have seen a significant drop, offering relief to the construction industry. This change, reported on December 15, contrasts sharply with the pricing trends in the cement sector.Accordi...

The post Strengthened PKR Value Triggers Major Decline in Steel Rates appeared first on Pakistan Business News.