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INVESTMENT CORP. OF PAKISTAN BOOKS US$6.5 MLN FY03/04 INCOME.

AsiaPulse News

| December 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KARACHI, Nov 30 Asia Pulse - The Investment Corporation of Pakistan (ICP) has earned an income of Rs 388 million (US$6.5 million) during fiscal 2003-04. ICP booked capital gains of Rs 258 million, after capitalising on bullish market conditions, ICP managing director Abdul Latif Uqaili said at the 38th Annual General Meeting of the shareholders Monday.

He said dividend income remained at Rs 84 million for the year under review. He also said in spite of the fact that a major source of the income had dried up by way of management and service charges from Mutual Funds, the income of Rs 388 million reflects a commendable performance.

He said ...

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