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Agha Steel Industries Limited Announces Sukuk Issue

Karachi: Agha Steel Industries Limited has announced a Sukuk issue under the symbol AGSILSC. With a market lot of 1 and a face value of Rs. 1,000,000, the tenor of this Sukuk is set for 6 years. The profit rate is based on 3M KIBOR+0.8%. The total issue size amounts to Rs. 5,000,000,000, while the outstanding principal stands at Rs. 3,750,000,000. The next coupon date for this Sukuk is scheduled for 09-Jan-2024.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...