PACE to invest Rs500mn as advances in Pace Baraka

MG News | October 18, 2022 at 02:35 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 18, 2022 (MLN): The board of directors of Pace Pakistan Limited (PACE) on Tuesday approved the equity investment of Rs500 million as advances in Pace Baraka Properties Limited, the company’s filings on the stock exchange showed on Tuesday.

“The benefits likely to accrue to the company shall include income on advances in the shape of markup”, it added.

Currently, Pace Barka is working on Pace Circle Project, a premium multiuse project near Alama Iqbal International Airport Lahore which comprises a 5-star proposed hotel, a world-class shopping mall, proposed serviced & Pace-managed apartments.

The total planned constructed area consists of around 1.67 million square feet.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,880.00	79,965.00 76,030.00	620.00 0.80%
BRENT CRUDE	105.23	109.97 103.50	-2.40 -2.23%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.78	104.46 98.48	-2.70 -2.63%
SUGAR #11 WORLD	18.10	18.84 17.93	-0.63 -3.36%