Karachi: MCB Investment Management Limited, the management company for Pakistan Income Fund, announced the approval of the fund's financial results for the fiscal year ending June 30, 2025. This decision was made during a board meeting held at the company's head office in Karachi on August 4, 2025.
The financial documentation provided includes the Statement of Assets and Liabilities, Statement of Profit and Loss, Statement of Other Comprehensive Statement, Statement of Movement in Unit Holders' Fund, and Statement of Cash Flows. The company has opted not to disclose Earnings Per Unit (EPU) citing the impracticality of calculating the weighted average number of units.
According to the financial statements, the total assets for the period under review stood at 1.40 billion, a very large or significant move from the previous year's 2.60 billion. Investments saw a very large or significant move, decreasing to 918.30 million from 2.16 billion in the prior year. Balances with banks rose to 440.49 million, marking a very large or significant move from 136.41 million reported in the previous year.
The total liabilities experienced a very large or significant move, declining to 34.94 million from 703.15 million, with a notable absence of payables against the purchase of investments this year as compared to the previous figure of 647.76 million. The net assets registered a very large or significant move, decreasing to 1.36 billion, down from 1.90 billion in the previous financial year.
The number of units in issue saw a very large or significant move, decreasing to 24.76 million from 34.57 million. The net asset value per unit, however, experienced a minor move, marginally increasing to 55.0236 from 54.9452.
According to information available from the Pakistan Stock Exchange (PSX), the fund did not disclose its Earnings Per Unit due to the complexity in calculating the weighted average number of units.
The fund's management has assured that printed copies of the financial accounts will be distributed to the members of the exchange in due course.