Askari Bank Limited Offers Perpetual Tier-I TFC

Karachi: Askari Bank Limited has offered a perpetual Tier-I debt instrument, AKBLTFC6, featuring a profit rate of 6M KIBOR+1.5%. The total issue size is 6 billion Rs., matching the outstanding principal, with the next coupon date set for 03-Jan-2024, reflecting the bank’s robust debt strategy.

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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 ...