AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Karachi: TPL Corp Limited has bolstered its financial position through the issuance of both Sukuk and Term Finance Certificate (TFC) debt securities. The Sukuk, with a five-year tenor and a profit rate of 3-month KIBOR plus 2.25%, has a total issue si...

Karachi: Nagina Cotton Mills Ltd. (NAGC), operational since 1988, closed at Rs. 55.00. The company maintained high distributions of 100% in both 2021 and 2022, and 60% in 2023. NAGC's paid-up capital is Rs. 210 million, with a daily weighted average r...

Karachi: Meta Tech Health Limited, in a bold move, has declared a rights issue at an unprecedented rate of 550%. The details shared with the Pakistan Stock Exchange indicate the company's strategy to expand its capital base, allowing shareholders to p...

Karachi: UBL Financial Sector Fund, with its Conservative Allocation Plan, operational since 2017, exhibited both an offer and redemption price of Rs. 100.01 as of November 10, 2023. This plan targets conservative allocation strategies, aiming for sta...

United States, In September, consumer spending in the United States increased by 0.7%, outstripping inflation by 0.3%. This rise indicates continued consumer resilience in the face of economic challenges, suggesting that robust spending could sustain e...

The post U.S. Consumer Spending Outpaces Inflation in September appeared first on Pakistan Business News.

Islamabad, Pakistan witnessed a significant surge in remittances in October 2023, reaching USD 2.46 billion, a 10% increase year-on-year (YoY) from the USD 2.24 billion recorded in the same month last year. This upswing breaks a months-long streak and ...

The post Pakistan’s Remittances Hit $2.46 Billion in October, Marking a Significant Year-on-Year Increase appeared first on Pakistan Business News.

Pakistan and Kyrgyzstan have agreed to enhance cooperation in the Halal food industry.To this respect, an agreement was signed between the Centre for the Development of Halal Industry Kyrgyzstan and Pakistan Standards and Quality Control.Caretaker Mini...