Askari Bank Limited Introduces Perpetual TFC with 6M KIBOR+1.5% Profit Rate

Karachi,Askari Bank Limited has issued a Perpetual Tier-I Term Finance Certificate (TFC) labeled AKBLTFC6. The profit rate for this TFC is pegged at 6M KIBOR plus 1.5%. The total issue size and outstanding principal for this certificate both stand at Rs. 6,000,000,000. The next coupon date is 03-Jan-2024.

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Pakistan Emphasizes Diplomacy for Iran Nuclear Issue

Islamabad: Pakistan has reiterated that the Iran nuclear issue should be addressed through peaceful means. The remarks were made by Pakistan's Permanent Representative to the UN, Asim Iftikhar Ahmad, while speaking on the Security Council Vote on the ...