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Unit Trust of Pakistan Declines in Value; Opts Not to Distribute in 2022

Karachi: Unit Trust of Pakistan, another long-standing open-end mutual fund in the market since 2002, witnessed a decline in its financial status as of November 01, 2023. The fund reported an offer price of 133.53 PKR and a redemption price of 129.15 PKR. While it distributed Rs 12.00 per unit in 2021, there were no distributions in 2022 or for the previous book closure in 2023. The financial year for this fund also concludes in June.

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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...