KARACHI – Four years ago, Faysal Funds was another asset management company in Pakistan. Today, with assets under management of over PKR 100 Billion as of 30th Nov 2022, Faysal Funds has experienced a growth of over a thousand percent.
The driving forces in this growth have been the company’s diversified product offering, along with an innovative focus on digital products, making investment solutions accessible to every investor.
In an interview, Khaldoon Bin Latif, CEO – Faysal Funds said, “I am pleased to see the way Faysal Funds continues to shape up and move forward. Serving our customers is in our DNA and this unprecedented growth is a key indicator of customers’ confidence and financial stability and reaffirms our commitment to offer great value to our customers”. He also added, “It is the trust and patronage of our valued investors and shareholders that has enabled us to scale so rapidly despite challenging market situations. Staying true to our vision of serving the wide-ranging needs of our customers, we continue to progress and serve the society at large.”
A subsidiary of Faysal Bank Limited (FBL), Faysal Funds (Faysal Asset Management Limited) is an Investment Manager that provides structured and customized professional investment solutions to its domestic and international clientele. Faysal Funds is licensed by SECP to carry out five (5) businesses i.e. asset management, investment advisory, pension funds management, private funds management, and REIT management.
Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.2 | 75.9 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.09 | 748.09 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.44 | 38.84 |
Danish Krone | DKK | 39.69 | 40.09 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.64 | 911.64 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.31 | 25.61 |
Omani Riyal | OMR | 722.87 | 730.87 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.08 | 307.58 |
Thai Bhat | THB | 7.56 | 7.71 |
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