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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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 ...