KARACHI: The National Investment Trust Ltd (NIT) with Rs158 billion under management has launched NIT — Islamic Money Market Fund (NIT-IMMF) with IPO date of the fund from Sept 20 to 22. NIT announced in a statement that the new fund was an open-ended fund to meet the growing demand of Sharia-compliant investment products.

PPL earns Rs52.4bn

Pakistan Petroleum Ltd announced results for the FY21 posting PAT at Rs52.4bn (EPS: Rs19.27), portraying an uptick of 4pc from PAT at Rs50.3bn and EPS at Rs18.47. Alongside the result, the company recommended a final cash dividend at Rs2 per share.

Millat Tractor profit surges

Millat Tractors Ltd declared profit-after-tax (PAT) at Rs6.57bn and earnings per share (EPS) at Rs117.13 for the year ended June 30, 2021. It showed a meteoric rise from PAT at Rs2bn and EPS at Rs35.04 the previous year. The board declared cash dividend at Rs50 per share along with bonus shares at 20pc.

Published in Dawn, September 18th, 2021

Opinion

Editorial

No pardon for rape
Updated 07 Feb, 2023

No pardon for rape

Cultural filters and biases can often lead to faulty applications of the law.
Health insurance
07 Feb, 2023

Health insurance

THE planning ministry is reported to have raised objections to Punjab’s flagship universal health coverage...
The people’s demands
07 Feb, 2023

The people’s demands

AS the people of KP are literally on the frontline of the battle against terrorism and violent extremism, they are...
The Musharraf enigma
Updated 06 Feb, 2023

The Musharraf enigma

The Musharraf era holds numerous lessons for Pakistan’s ruling elite, civilian and military.
Staying neutral
06 Feb, 2023

Staying neutral

THE Election Commission of Pakistan has what is perhaps one of the most thankless jobs in the country. The countless...
Wikipedia ban
06 Feb, 2023

Wikipedia ban

THE country was back in a familiar, dark place last week when the PTA blocked Wikipedia over the charge that it...