PQAMC achieves strong performance with 117pc AUM growth
This milestone reinforces PQAMC's standing as one of the fastest-growing dedicated Islamic asset management companies in the country. The robust growth trajectory reflects the company's continued emphasis on delivering Shariah-compliant investment solutions, underpinned by strong governance practices, a disciplined investment philosophy, and a commitment to ethical wealth creation.
PQAMC's expansion has been fuelled by the consistent performance of its diversified fund offerings, growing investor confidence, and a steadily expanding client base comprising both individual and institutional investors. Over the past couple of years, the company has significantly strengthened its market presence by offering value-driven financial products aligned with Islamic investment principles.
Commenting on the achievement, Chief Executive Officer of Pak-Qatar Asset Management Company Farhan Shaukat said: 'We are humbled by the trust placed in us by our investors, which has enabled us to achieve this tremendous growth. This success is a testament to our unwavering focus on delivering sustainable and Shariah-compliant investment avenues that meet the evolving financial aspirations of our clients. At PQAMC, we are dedicated to being a trusted partner in Islamic asset management.'
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
an hour ago
- Business Recorder
Pakistan govt earns Rs46.73bn from scrap sale of 16 units
ISLAMABAD: The Power Division announced on Friday that the government has successfully sold scrap from 16 units for Rs46.73 billion. According to an official statement following the Prime Minister's announcement, substantial progress has been made in selling scrap from old and defunct government power generation plants. The reserve price for scrap from a total of 61 units was set at Rs45.817 billion, while the actual sale exceeded expectations, fetching Rs46.73 billion. The reserve price was determined by experts from the State Bank of Pakistan. In the first phase, scrap from 31 units was sold to private bidders for Rs8.475 billion, against a reserve price of Rs7.593 billion. Contracts with the successful bidders in this phase have already been finalized. Leghari urges chief ministers to scrap electricity duty from bills starting July During the second phase, scrap from 30 government power plants was sold for Rs38.255 billion, slightly above the reserve price of Rs38.224 billion. Contracts for this phase have also been completed. The government thermal power plants included in the second phase are Jamshoro Block I & II, Guddu II, Sukkur, Quetta, Muzaffargarh Block I and Block II, and Faisalabad. Employees of these government thermal power plants are being deployed in electricity distribution companies to utilize their services. These defunct government power plants were incurring annual expenses of billions of rupees. This sale has not only resulted in annual savings of billions of rupees at the national level, but the services of employees are also being effectively utilized. Copyright Business Recorder, 2025
Business Recorder
3 hours ago
- Business Recorder
Minister vows rights-based laws with global best practices
LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman has said that all new legislation must be developed in line with international best practices, uphold human rights principles, and ensure the presence of effective and reliable implementation mechanisms. He expressed these views while chairing a meeting of the Punjab Cabinet Committee on Legislation, Business and Privatisation on Friday. The committee reviewed key proposals submitted by various provincial departments concerning legislative reforms and policy amendments aimed at enhancing public welfare. Prominent among the agenda items were the draft Punjab Child Labour (Prohibition) Rules 2024 and the draft Punjab Occupational Safety and Health Rules 2024. The meeting also discussed and welcomed the proposed twinning agreement between Faisalabad and the city of Shymkent in Kazakhstan, terming it a positive step towards strengthening bilateral cooperation and promoting Punjab's global outreach. Additionally, the committee approved the policy framework for the issuance of NOCs for establishing new petrol pumps across the province, aimed at streamlining procedures and ensuring regulatory compliance. Addressing the participants, the minister reiterated that Cabinet committees play a pivotal role in ensuring transparency and effectiveness in legislation and policy formulation. He directed all relevant departments to finalise the proposed measures with a strong focus on public interest and submit them to the full Cabinet for formal approval at the earliest. Copyright Business Recorder, 2025
Business Recorder
4 hours ago
- Business Recorder
Fisheries, dates exports: Junaid vows to develop Gwadar Port to earn $850m annually
ISLAMABAD: Federal Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry, Friday, vowed to develop Gwadar Port in such a way to maximise benefit, saying that the development of the port can generate over $850 million annually through value-added exports of fisheries and dates. Chairing a high-level meeting on Gwadar Port operationalisation the minister said that to reap full fruits of the port, the government is committed to ensure sustained investment, infrastructure upgrades, and targeted policy support. 'Balochistan has an estimated annual fish catch potential of around 300,000 tons and with proper value addition, this could generate approximately $645 million each year. However, current production is nearly half of that due to limited fishing capacity, obsolete technology, and regulatory hurdles,' he stated. He pointed out that 34 fish processing units are currently operating in Balochistan, but most require technological upgrades to meet export standards. 'Transforming these units to add value through packaging and processing before exporting is critical for uplifting the sector,' he added. Turning to dates production, the minister stated that Panjgur and Turbat districts together produce over 225,000 tons of dates annually more than half of Pakistan's total. 'With value addition, the sector can generate up to $200–$205 million in revenue each year,' he said. Besides others, the meeting was attended by officials from the Ministry of Maritime Affairs and representatives from relevant ministries and organizations including Gwadar Port Authority, Commerce, Industries, and Communication through Zoom, the minister laid out a comprehensive strategy to boost economic activities in Gwadar. The minister reaffirmed the government's commitment to utilising local resources and empowering local businesses to operationalise Gwadar Port and stimulate the regional economy. He emphasised that fisheries and dates are the key economic drivers of the region. 'Gwadar has a rich fish catch potential, and we must focus on local value addition to maximise benefits,' he said. The minister pointed out that Balochistan's coastline makes up 76.2 percent of Pakistan's total coastal length, yet its fish production significantly lags behind its actual potential. To support business and connectivity in the region, the minister announced steps to improve air travel. Pakistan International Airlines (PIA) will increase its weekly flights to Gwadar from one to three. 'Two weekly flights between Gwadar and Karachi and one between Gwadar and Islamabad are under consideration,' he said. Furthermore, the possibility of introducing a chartered flight mechanism to facilitate travel for businesspersons and investors is also under consideration, the minister added. Copyright Business Recorder, 2025
