Tag: Fund

Al Meezan Mutual Fund (AMMF) – the closed-end equity fund managed by Al Meezan Investment Management Ltd (Al Meezan) since 1995 has now been...

Portfolio Manager Junaid Qamar has worked previously at a prominent asset management company in Pakistan before joining UBL Fund Managers. Initially, he was managing UBL...

Portfolio Manager Ahmad Nouman is currently in the driving seat. He has been associated with NAFA since August 2008, after taking over from Rukhsana Narejo...

The WAPDA Sports Board has announced the trials for selection of the second batch of the WAPDA Endowment Fund for Sports (WEFS). It would...

Any further weakening in ties with the US would compel the State Bank of Pakistan to raise additional funds for monetisation which has been...

Adamjee Life Growth fund performance during June saw a positive trend. Per unit NAVs (as of June 30, 2011) are as follows. The Investment...

Reprimanding the Federal Investigation Agency (FIA) for not registering cases against officials of National Bank of Pakistan (NBP) who misused Rs 2.5 billion from...

Lahore Stock Exchange has approved the application for formal listing and quotation of the Units of MCB Islamic Income Fund, an Open-end Fund managed...

The Sindh government, in the fiscal budget 2011-12, has formulated a financial strategy for clearing its long-term liabilities, aggregating to over Rs561 billion on...

Expressing dissatisfaction over the Ministry of Labor and Manpower’s Worker Welfare Fund, the Public Accounts Committee has asked for a detailed report within eight...

PESHAWAR - Khyber Pukhtunkhwa Information Minister Iftikhar Hussain said on Saturday that the provincial government would continue to encourage artists and poets and allocate special funds for their welfare.
He expressed theses views on the occasion of a comedian poetry gathering in the Peshawar Press Club organised by the Khyber Union of Journalists (KHUJ). He said that the provincial government was active for the development and preservation of all cultural sites around the

KARACHI - Sindh Chief Minister Qaim Ali Shah on Saturday presided a meeting of vice chancellors of Sindh's public sector universities at the CM House. The meeting was briefed that after approval of 18th amendment, education is a provincial subject and educational institutions including universities are under provincial government set-up.
The chief minister addressing the meeting said that not only 18th amendment, even long ago under federal list number 1, concurrent list,

LAHORE - The Lahore Stock Exchange (LSE) has approved the application for formal listing and quotation of the units of First Habib Cash Fund, an open end fund managed by Habib Asset Management Ltd. The fund will be quoted under 'Open-End Fund' sector of the Ready Board Quotation of the Exchange with effect from today.
First Habib Cash Fund is managed by Habib Asset Management Limited with aiming to provide its unit-holders competitive returns from a portfolio of low risk, short

Prince William and bride-to-be Kate Middleton have set up a gift fund to allow well-wishers who want to give them a wedding gift to donate money to charities they care about instead, royal officials said on Wednesday.
The couple have chosen 26 charities which will benefit from the Royal Wedding Charitable Gift Fund, some of which are not well-known or work in specific communities, St James's Palace said.
"These causes are close to their hearts and reflect the experiences,

MINGAWARA - The federal government has expressed its inability to pay Rs 950 million in connection with reconstruction of terrorism-affected infrastructure in Swat valley.
The federal government had pledged Rs 1 billion rupees for reconstruction and rehabilitation of terrorism affected infrastructure and for the people of Swat valley on completion of military action in July 2009 last. Later Prime Minister Syed Yousaf Raza Gillani himself handed over a cheque of RS 50 million to

KARACHI - State Bank of Pakistan Deputy Governor Yaseen Anwar, on Saturday, disclosed that the central bank would soon launch a 10 million UK pound Financial Innovation Challenge Fund (FICF) to spur innovations in the financial services products and delivery channels in the country. Speaking at the inaugural ceremony of NRSP Microfinance Bank Limited (NRSP MFB) in Bahawalpur, he said that the SBP had also launched Improving Access to Financial Services Fund (IAFSF), for enhancing

PARIS - A first meeting to set down the ground rules of a fund to channel hundreds of billions of dollars to poor countries exposed to climate change has been postponed, a UN official said on Thursday. Representatives from 40 countries had been scheduled to meet in Mexico City on March 14 and 15 for the maiden meeting of a panel designed to breathe life into the Green Climate Fund (GCF) established last December.
"The meeting has been postponed," a spokesman for the UN Framework