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Karachi, HBL Investment Fund - (A) NC (HIFA) exhibited steady growth in the market. The fund's rate today was recorded at PKR 4.06, aligning with its daily weighted average rate. It has a paid-up capital of PKR 2,841.25 million as of June. The fund declared a 4% distribution for its…

Karachi, The Faysal Income & Growth Fund, listed since 2005, reported a 4.50% yield for the year ending June 2023. With an offer price of Rs 109.98, the fund distributed Rs 5.18 per unit, reflecting a moderate growth in its performance.

Karachi, The NBP Government Securities Fund 1 - Plan - III, with a listing year of 2023, announced an offer price of 10.35 for 2023. The plan, concluding its financial year in June, continues to be a key component of the mutual funds market.

Karachi, Since its inception in 2019, the JS Islamic Dedicated Equity Fund has maintained a steady position in the market. The fund's offer price stands at Rs 59.78 as of December 2023, with no distributions reported for the year ending in June 2023.

Karachi, Kashf Foundation has entered the debt market with the issuance of its first TFC, "KFTFC1," as per the details filed with the Pakistan Stock Exchange. The four-year TFC has a total issue size of Rs. 2 billion, with an outstanding principal amount of Rs. 666.67 million. This TFC is…

Karachi, The auto sector in Pakistan is expecting a continued decline in sales for November 2023, following a decreasing trend since July 2022. The three listed Original Equipment Manufacturers (OEMs) are projected to report a significant year-over-year decline in sales due to both demand and supply side issues.According to JS…

Karachi, Mian Zahid Hussain, Chairman of the National Business Group Pakistan, emphasized the need for economic expansion and tax system reforms to meet Pakistan's export targets. He expressed concerns that the continued increase in electricity and gas prices could significantly hinder export growth.According to United Business Group, Hussain, who is…

Islamabad, The Asian Development Bank (ADB) has approved funding of USD 659 million for three key development projects in the provinces of Sindh and Khyber Pakhtunkhwa (KP). The projects aim to promote inclusive and sustainable growth in Pakistan, as reported in national dailies on December 7.According to Zameen.Com, these initiatives,…

Karachi, Pak Elektron Limited (PAEL) recently conducted a corporate briefing session, outlining its current market position, financial strategies, and future plans. The session provided insights into the company's operations amidst economic challenges and its approach to maintaining a competitive edge in the market.According to AKD Securities Limited, the briefing covered…