PQAMC announces monthly dividend
KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) has announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under its Shariah-Compliant Income Fund.
PQMIP announced a dividend of PKR 0.2095 per unit for the month of May '25, earned as on May 27, 2025. The plan is also amongst the highest return paying plans in the category.
PQAMC and PQMIP are rated AM2 and A+ respectively with 'Stable Outlook' by Pakistan Credit Rating Agency (PACRA). The Chief executive officer (CEO) of Pak-Qatar Asset Management Company Limited, Farhan Shaukat has approved the distributions of dividends for the month of the previous month under the authority delegated to him by the Board of Directors. 'This reflects strong, steady performance and our commitment to delivering value and excellence to the shareholders of PQMIP', Shaukat said.
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, he added.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
an hour ago
- Express Tribune
SBP injects Rs14tr to bridge gaps
Listen to article The State Bank of Pakistan (SBP) conducted one of the highest Open Market Operations (OMOs) on June 20, 2025, injecting liquidity worth a substantial Rs14.3 trillion into the banking system to meet temporary and structural liquidity requirements. According to official data, the SBP accepted Rs13.93 trillion through a conventional reverse repo (injection) at a rate of return of 11.03% per annum across 36 quotes. Additionally, a Shariah-compliant Mudarabah-based OMO injection of Rs375 billion was executed at a return of 11.11% per annum with three accepted quotes. Sana Tawfiq, Head of Research at Arif Habib Limited termed this "among the highest single-day OMOs by the central bank," attributing the surge to both temporary and permanent factors. She noted that currency in circulation typically rises ahead of Eid, creating a temporary liquidity gap. On the structural side, debt repayments and a time lag between repayments and fresh inflows are elevating liquidity needs, she explained. She added that the government's fiscal deficit financing — constrained by International Monetary Fund (IMF) conditions that bar direct borrowing from the SBP — has further amplified OMO reliance, with banks channelling funds into government securities instead. Market experts expect the liquidity injections to remain elevated in the near term until inflows match outflows and post-Eid cash demand normalises. Furthermore, the Pakistani rupee extended the declining trend against the US dollar in the interbank market on Friday, slipping by 0.02%. By the close of trading, the local currency settled at 283.70 against the greenback, down by six paisas from the previous day's closing rate of 283.64. Globally, the US dollar was on track for its largest weekly gain in over a month, supported by safe-haven demand as investors remained cautious over escalating tensions in the Middle East and their potential impact on the global economy. Meanwhile, gold prices in Pakistan fell on Friday in line with the international market, which remained steady but on track for a weekly loss as investors awaited clarity on the Israel-Iran conflict after US President Donald Trump delayed a decision on possible involvement. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola dropped by Rs1,595 to settle at Rs357,000. Similarly, the rate for 10 grams of gold declined by Rs1,368 to Rs306,069. Internationally, gold prices were steady on Friday and poised for a weekly loss after President Trump delayed a decision on entering the Israel-Iran conflict, according to Reuters. Spot gold was little changed at $3,369.63 an ounce, as of 1557 GMT. Adnan Agar, Director of Interactive Commodities said gold prices remained range-bound on Friday, with the metal trading between $3,340 and $3,375 in the international market, as investors awaited clarity on geopolitical developments in the Middle East. He told The Express Tribune that the market has been on a downward trend for the past five trading sessions, with a key support level identified at $3,320.
Business Recorder
8 hours ago
- Business Recorder
SBP injects record high Rs14.3trn in banks for seven days
The State Bank of Pakistan (SBP) has injected a record high Rs14.3 trillion in conventional commercial and Shariah-compliant banks for one week to help overcome the shortage of liquidity in the system after people withdrew significant cash during Eid-ul-Adha and external inflows delayed, it was learnt on Friday. The volume of the injection through open market operations (OMO) comes to almost 44% of the total deposits standing at Rs32.7 trillion in May 2025, according to the central bank latest data. SBP injects massive Rs11.85 trillion into banking system for up to 14 days Citing SBP Governor Jameel Ahmad from an analysts briefing held after the issuance of the latest monetary policy at the outset this week, Arif Habib Limited (AHL) and Topline Research said the OMO stock had increased mainly due to two reasons, including higher currency in circulation during Eid (temporary effect) and delays in external inflows. 'However, OMO levels are expected to decline in the coming weeks as (external) inflows materialise,' AHL reported Ahmad saying this. AHL's Sana Tawfiq and AKD Securities' Awais Ashraf said the cumulative supply of over Rs14 trillion to banks through OMO were record high injections. Elaborating SBP Governor Ahmad's reasoning for the elevated OMO stocks, Tawfiq said people withdrew huge cash from banks during Eid that reduced deposits levels and created additional demand for liquidity in the system. Besides, the reliance of the government on domestic debt has spiked after external inflows from multilateral creditors like the International Monetary Fund (IMF), World Bank, and Asian Development Bank (ADB) got delayed. She added the government reliance on domestic debt, including the one from commercial banks, had been on the rise, as the collection of revenue in taxes had remained low compared to government expenditure. The low tax collection was increasing fiscal deficit, which is being met through piling up debt. Ashraf said the external inflows had remained low for the past two to three years, shifting the government reliance solely on domestic debt to finance budget deficit. Pakistan salaried class rejects govt's claim of giving relief in income tax He said commercial bank financing and national saving schemes had remained two rich avenues available with the government to raise new debt. Out of total Rs31.8 trillion the domestic debt, the share of bank loans had stood at Rs28.1 trillion at present, he added. SBP OMO breakup The breakup of the data suggest the SBP injected Rs13.9 trillion into conventional commercial banks at the rate of return of 11.03% for a period of seven days, as it accepted all the 34 quotes received from banks for the loan. The central bank supplied another Rs375 billion to Shariah compliant banks at the rate of return of 11.11% for seven days, accepting all the three quotes received from Islamic banks.
Business Recorder
a day ago
- Business Recorder
FAPUASA for 25pc tax rebate for university teachers & researchers
LAHORE: A delegation from the Federation of All Pakistan Universities Academic Staff Associations (FAPUASA), led by President Prof Dr Mazhar Iqbal, former President Prof Amjad Abbas Magsi, and Central Information Secretary Dr Muhammad Jadoon Khan, participated in a meeting of the Senate Standing Committee on Finance. The session, chaired by Senator Saleem Mandviwalla, was attended by Federal Minister for Finance Muhammad Aurangzeb, Minister of State for Finance Bilal Azhar Kiyani, Chairman of the Federal Board of Revenue (FBR) Rashid Mehmood Langrial, and other distinguished committee members. The FAPUASA delegation was invited to present its stance on the federal higher education budget and the continuation of the 25% tax rebate for university teachers and researchers. The representatives argued that this rebate serves as a crucial incentive to retain top academic talent, attract young scholars, and prevent brain drain from Pakistan's universities. They warned that removing this benefit would demotivate academics and weaken the country's research capacity. Additionally, the delegation stressed the need to increase the Higher Education Commission's recurring grant to at least PKR 86 billion, as currently requested by the HEC, and gradually raise it to PKR 200 billion to ensure sustainable funding for higher education. The Senate Standing Committee on Finance acknowledged FAPUASA's concerns and unanimously recommended the approval of their demands. The delegation expressed gratitude to the committee for providing a platform to address academic issues at the parliamentary level. Continuing their advocacy efforts, the FAPUASA delegation held further meetings with key policymakers on the following day. They met with Pakistan Peoples Party Parliamentarian (PPPP) MNA Mir Amir Ali Khan Magsi, presenting their case and seeking his support. Magsi assured the delegation of his full backing and committed to raising their concerns in Parliament. Meanwhile, FAPUASA delegation, comprising Central President Prof Dr Mazhar Iqbal, former President Prof Dr Amjad Abbas Magsi, Islamabad Chapter President Dr Muhammad Iqbal Jatoi, and Central Information Secretary Dr Muhammad Jadoon Khan, engaged in discussions with senior government officials and political leaders. They met with Federal Minister for Education Khalid Maqbool Siddiqui and Federal Minister for Science and Technology Nawabzada Khalid Hussain Magsi. The delegation also held talks with prominent Pakistan Peoples Party leaders, including Syed Naveed Qamar, Mir Ijaz Khan Jakhrani (Chief Whip, National Assembly), Dr Nafisa Shah, Syed Agha Rafi Ullah, Syed Abrar Hussain Shah, and Pullain Baloch of the National Party, Balochistan. Additionally, they met with MQM representatives Farooq Sattar, Amin-ul-Haq, and Javed Hanif. During these meetings, FAPUASA highlighted the declining state of higher education in Pakistan and called for urgent measures to protect the sector. The delegation reiterated the necessity of maintaining the 25% tax exemption for university faculty and researchers, warning that its abolition would have severe repercussions. They also emphasized the need for increased financial support for higher education institutions to ensure accessibility for students from disadvantaged backgrounds. The delegation urged the federal government to raise the recurring budget for higher education to at least PKR 200 billion and commended the Sindh government for its consistent funding of the sector. The parliamentarians endorsed FAPUASA's demands, particularly regarding the tax rebate, and assured the delegation that they would advocate for these issues in Parliament and other relevant forums. The meetings concluded with the FAPUASA delegation thanking the lawmakers for their support in safeguarding Pakistan's higher education system. Copyright Business Recorder, 2025
