The Board of Directors of UBL Fund Managers (UBLFM), a wholly-owned subsidiary of United Bank, announced on Tuesday that it was managing overall funds of Rs10 billion with over 5,000 unit-holders to date. The board, after holding a meeting, announced the financial results for the six months ended December 31, 2006, of various funds under its ...
“Sell Indonesia, buy Pakistan”, the international financial services firm, Merrill Lynch (ML) recommends Pakistan, Sri Lanka, Vietnam and Mongolia as ‘new frontiers’ in their latest regional investment strategy report released on Thursday (Feb 15). Among the four countries, Spencer White, the strategist who prepared the report says: “Pakistan remains one of our highest conviction overweight recommendations”. ...
Board of Directors of Hub Power Company on Wednesday, recommended an interim cash dividend of Rs1.25 per share (i.e. 12.50 per cent) for second quarter ending on December 31, 2005. Board announced the interim dividend after its meeting held at London on Tuesday. Interim dividend will be paid to shareholders whose names appear in the Register of ...
Despite the continuation of investor-friendly policies and a decent growth in corporate earnings, the local capital market remained slow in terms of attracting new listings compared with the previous year. The calendar year 2006 was a depressing year in terms of Initial Public Offerings (IPOs). While the performance of the market is primarily examined by the ...
A consortium of banks has arranged a syndicated term finance facility (TFC) of Rs2.6 billion for several expansion projects of an oil refinery Bosicor Pakistan Limited (BPL). In this regard, a deal was signed between the banks and BPL to mark the financial close here on Tuesday. United Bank Limited (UBL) and Allied Bank Limited (ABL) are ...
The growing foreign interest in Pakistan’s developing economy, particularly in areas like banking and capital market, is well reflected in the Karachi Stock Exchange, which has been rising for the last couple of weeks. This is primarily evident from the increased inflow of foreign portfolio investment into Special Convertible Rupee Account (SCRA) managed by the State ...
The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan's second largest private commercial bank. The UBL was the pioneer in initiating asset management services in the banking sector with the launch of UAMC in ...
The Privatisation Commission has virtually missed the deadline of April 30 for the United Bank Limited (UBL) initial public offering (IPO) as the Security & Exchange Commission of Pakistan (SECP) and stock exchanges are yet to register the transaction, it was learnt here on Friday. In the case of IPO, after the cabinet committee on ...
