PQAMC announces Rs1.1508/unit dividend for Pak-Qatar Monthly Income Plan

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services group.

PQAMC has recently announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC’s Shariah-Compliant Income Fund. The plan is also amongst the highest return paying plan in the category.

PQMIP announced dividend of Rs1.1508 per unit for the month of September’24 with an annualized return of 20.45 percent year-to-date, earned as on October 07, 2024. PQAMC is rated AM2 with ‘Stable Outlook’ by PACRA. The PQMIP plan is also rated A+ with a ‘Stable Outlook’ by PACRA.

The Chief Executive Officer of Pak-Qatar Asset Management Company Limited – Farhan Shaukat has approved the distributions of dividends for the month of September 2024, under the authority delegated to him by the Board of Directors.

Farhan further stated that, “We are pleased to announce this distribution to the unit-holders of PQMIP. This reflects strong, steady performance and our commitment to delivering value and excellence to participants of PQMIP. We thank our investors for placing their trust in us as we continue to drive success in the market.”

Pak-Qatar Group has a vision to add value to the economy of Pakistan by making valuable investments and creating innovative and Halal financial ventures and services for sustainable growth.

The stakeholders can also review the performance of Pak-Qatar Monthly Income Plan on the website of the Mutual Funds Association of Pakistan (MUFAP).

Copyright Business Recorder, 2024