Karachi, 12 November 2024: Pak-Qatar Asset Management Company Limited (PQAMC), a premier Shariah-compliant asset management firm and part of Pakistan’s pioneering Islamic finance group, has announced a dividend of PKR 1.9730 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for October 2024. This distribution reflects an impressive annualized return of 20.97% YTD, as of October 31, 2024, positioning PQMIP among the highest-returning funds in its category.
PQAMC, rated AM2 with a “Stable Outlook” by PACRA, has maintained its strong performance, with PQMIP receiving an A+ rating. The dividend distribution, approved by CEO Farhan Shaukat under board authority, underscores PQAMC’s dedication to delivering value and excellence to its investors.
“We are pleased to announce this dividend, showcasing the solid and consistent performance of PQMIP,” said Farhan Shaukat. “Our commitment to providing steady returns to our investors is unwavering, and we thank them for their trust.”
The Pak-Qatar Group is committed to fostering economic growth in Pakistan by supporting Halal financial ventures. For more details on PQMIP’s performance, stakeholders are encouraged to visit the Mutual Funds Association of Pakistan (MUFAP) website.
