Askari Bank Limited Announces Tier-II TFC with Coupon Payment Scheduled for December 2023

Karachi: Askari Bank Limited has issued a Tier-II TFC with a 10-year tenor and a profit rate of 3-month KIBOR plus 1.2%. The TFC has a total issue size of PKR 6 billion, all of which remains outstanding. The upcoming coupon date is set for 17th December 2023.

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Pakistan Issues $3 Billion Dual-Tranche Eurobond

Islamabad: Pakistan has issued a three-billion-dollar dual tranche Eurobond. The positive development was shared by Finance Minister Muhammad Aurangzeb while speaking at the High-Level International Dialogue on Taxation for Fiscal Sustainability in Pa...