Month: July 2024

MCB Pakistan Sovereign Fund Announces Dividend Payment

Karachi: MCB Investment Management Limited has declared a dividend payout for the MCB Pakistan Sovereign Fund, as approved by its Chief Executive Officer on behalf of the Board of Directors. Unit holders registered as of June 28, 2024, will receive a …

Organic Meat Company Receives Credit Upgrade by VIS Credit Rating

Karachi: The Organic Meat Company Limited (TOMCL), a prominent processor and exporter of red meat, has received an upgraded credit rating by VIS Credit Rating Company Limited (VIS). Previously rated at ‘A-/A-2’, TOMCL’s new ratings are ‘A/A1’. The upg…

Bilal Fibres Limited Reports Challenges in Resuming Operations

Karachi: Bilal Fibres Limited has disclosed ongoing difficulties that prevent the resumption of its operations, as shared in its quarterly progress report for the March 2024 quarter, submitted in compliance with Pakistan Stock Exchange (PSX) Regulatio…

Substantial Shareholder Buys Shares in EFU Life Assurance

Karachi: A substantial transaction involving the purchase of shares in EFU Life Assurance Limited was executed on June 28, 2024, by EFU General Insurance Ltd., a notable shareholder of the company. According to information available from the Pakistan …

Interloop Executive Gifts Shares, Regulatory Compliance Ensured

Karachi: Tariq Rashid Malik, an executive at the company, executed a transaction gifting out 200,000 shares on June 27, 2024. The shares, valued at a nominal rate, were transferred through the Central Depository Company (CDC), ensuring compliance with…