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K-Electric Limited Issues Sukuk Valued at Rs. 6.7 Billion

November 3, 2023 Uncategorized

Karachi: K-Electric Limited has made an entry into the debt market by issuing a Sukuk, KELSC6, with a tenure of 7 years, carrying a profit rate pegged to 3M KIBOR + 1.7%. The power sector company has raised a sum of Rs. 6,700,000,000 through this issu...

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Summit Bank Limited Announces 7-Year TFC at 6M KIBOR+3.25%

November 3, 2023 Uncategorized

Karachi: Summit Bank Limited has released a 7-year Term Finance Certificate (TFC) into the market, with a standard lot size of 1 and a face value of Rs. 5,000. This security offers a profit rate that is the sum of the 6-month KIBOR and an additional 3...

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JS Bank Limited Releases Perpetual Tier-I TFC at 6M KIBOR+2.25%

November 3, 2023 Uncategorized

Karachi: JS Bank Limited has announced its perpetual Tier-I TFC issuance, priced at Rs. 100,000 per certificate. The profit rate is fixed at the 6-month KIBOR with an added 2.25%. The bank has successfully issued TFCs valued at Rs. 2.5 billion, which ...

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Pakistan Aluminium Beverage Cans Ltd Delivers Strong Dividend Payout

November 3, 2023 Uncategorized

Karachi: Pakistan Aluminium Beverage Cans Ltd, listed as PABC, closed at Rs. 61.83, with a daily weighted average rate of Rs. 61.08. The company boasts a significant paid-up capital of Rs. 3,611.08 million. It announced a 15% dividend for 2021 and a s...

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AWT Money Market Fund Holds Steady in June Report

November 3, 2023 Uncategorized

Karachi: The AWT Money Market Fund, listed in 2016, showed a consistent offer and redemption price of Rs. 118.03 in its June 2023 report. The fund declared no distributions this year, according to the details released on the Pakistan Stock Exchange.

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Frontier Ceramics Ltd Marks No Distributions, Maintains Modest Trading Activity

November 3, 2023 Uncategorized

Karachi: Frontier Ceramics Ltd (FRCL) today reported no distributions for the past three years. Trading activity has remained modest with a current rate of PKR 15.99 and paid-up capital at PKR 378.74 million. The company's market lot is fixed at 500. ...

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Air Link Communication Announces 25% Dividend for 2023

November 3, 2023 Uncategorized

Karachi: Air Link Communication (AIRLINK) ended the day at a trading price of Rs. 41.06 with a daily weighted average rate of Rs. 41.26. The company, holding a paid-up capital of Rs. 3,952.69 million, announced a 25% dividend for the year ending in Ju...

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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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