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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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...