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Askari Bank Limited Raises 6 Billion Rupees Through TFC Tier-I

Karachi, Askari Bank Limited has successfully raised 6 billion rupees through a privately placed debt security, “TFC (Tier-I),” symbol AKBLTFC6, with a market lot of 1 and a face value of 1,000,000 rupees. The tenor for this issue is perpetual, with the next coupon date set for 03-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...