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Shams Textile Mills Ltd. Maintains Steady Market Performance

Karachi, Shams Textile Mills Ltd. (STML), with a paid-up capital of 86.40 million Rs., closed at 27.70 Rs. on December 13, 2023, matching its daily weighted average rate. The company distributed 20% in 2021 but did not declare any distribution for the subsequent years. The stock’s high and low rates for the year were 43.8 Rs. and 22 Rs., respectively. The turnover was noted at 123500. STML’s EPS for January to November 2023 was recorded at 41.84 Rs.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...