AIRLINK 176.00 Decreased By ▼ -1.56 (-0.88%)
BOP 11.16 Increased By ▲ 0.11 (1%)
CNERGY 8.28 Increased By ▲ 0.11 (1.35%)
FCCL 47.95 Increased By ▲ 0.63 (1.33%)
FFL 16.39 Increased By ▲ 0.27 (1.67%)
FLYNG 27.23 Decreased By ▼ -0.12 (-0.44%)
HUBC 144.11 Decreased By ▼ -2.80 (-1.91%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.49 Decreased By ▼ -0.01 (-0.22%)
KOSM 5.94 Increased By ▲ 0.03 (0.51%)
MLCF 62.85 Increased By ▲ 0.83 (1.34%)
OGDC 231.00 Decreased By ▼ -3.68 (-1.57%)
PACE 5.83 Increased By ▲ 0.03 (0.52%)
PAEL 45.50 Decreased By ▼ -0.91 (-1.96%)
PIAHCLA 17.95 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.68 Increased By ▲ 0.11 (1.04%)
POWER 12.06 Increased By ▲ 0.07 (0.58%)
PPL 189.25 Decreased By ▼ -2.55 (-1.33%)
PRL 37.49 Increased By ▲ 0.17 (0.46%)
PTC 23.00 Decreased By ▼ -0.20 (-0.86%)
SEARL 101.00 Increased By ▲ 0.11 (0.11%)
SSGC 39.15 Decreased By ▼ -0.56 (-1.41%)
SYM 15.00 Decreased By ▼ -0.03 (-0.2%)
TELE 7.88 Increased By ▲ 0.04 (0.51%)
TPLP 11.15 Increased By ▲ 0.04 (0.36%)
TRG 66.10 Decreased By ▼ -1.19 (-1.77%)
WAVESAPP 11.13 Decreased By ▼ -0.22 (-1.94%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.83 Increased By ▲ 0.06 (1.59%)
BR100 12,923 Increased By 116.1 (0.91%)
BR30 39,341 Decreased By -362.2 (-0.91%)
KSE100 119,731 Increased By 792.8 (0.67%)
KSE30 37,075 Increased By 318.6 (0.87%)

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 Rs1.7952 per unit for the month of July’24 with an annualized return of 22.32 percent year-to-date, earned as on July 31, 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 July 2024, under the authority delegated to him by the Board of Directors.

Farhan further stated that “The above entitlement will be distributed to the unit-holders, whose names appear in the register of unit-holders at the close of business on July 30, 2024. This reflects PQMIP’s strong and consistent performance and our commitment to our valued Participants of PQMIP”.

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

Comments

Comments are closed.