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

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