Reliance Weaving Mills Reports Notable Dividend Issuance

Karachi, Reliance Weaving Mills NC (REWM) reported a consistent closing rate of Rs. 73.45. The company, with a paid-up capital of Rs. 308.11 million, declared a 75% dividend, with a prior year’s distribution of 40%. Since its listing in 1992, REWM’s stock reached a high of Rs. 91 and a low of Rs. 44.35. The turnover for the company was 2,235,000 shares, and it reported an EPS of 56.24.

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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...