According to official sources, NAB through an Aug 28 letter has asked the former NICL board member to appear before the bureau in the first week of September for further investigation against against Ayaz Khan Niazi, ex-chairman, NICL, management of JSIL
and others regarding illegal investment of Rs2 billion in JSIL
It is mentioned in the company's report that JSIL
incurred a net loss of Rs1.68 million during the first three months closing March 31, 2017 explaining loss per share of Rs0.02.
's results are squeezed by the decline in assets under management (AUM), PACRA noted.
Despite NICL's premature redemption, JSIL
paid Rs two billion (principle investment) and further Rs 64 million as net gain to NICL.
is a member of MUFAP (Mutual Fund Association of Pakistan) and is catalog on the Karachi Stock Exchange.
The support of western powers was and continues to be critical for JSIL
's establishment and (increasingly more expensive) maintenance.
FRSCL's capacity to service TFC obligations is a function of the management fee generated by securitised mutual funds of JSIL
, whose asset-under-management (AUM) base has shrunk, PACRA said.
earned a net profit of Rs445.0 million during the 9-month closed September 30 2014 explaining EPS (earnings per share) of Rs4.45.
About the Management Company: Incorporated in 1995, JS Investments Limited (JSIL
) is one of the largest players in the asset management industry in Pakistan.
JS Investments Limited has announced a final cash dividend of Re 1.00 per share (i.e., 10 percent), for the shareholders of the company, for the Eighteen Months Period Ended December 31, 2012, which was approved by the Board of Directors of JSIL
at a recent meeting held in Karachi.
(JCR-VIS) has assigned Management Quality Rating of 'AM2-' (AM-Two Minus) to JS Investments Limited (JSIL