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Bank Alfalah Announces Perpetual Debt Security Details

Karachi: Bank Alfalah Limited has revealed the details of its publicly issued debt securities. The company has introduced a Term Finance Certificate (TFC) under Tier-I, labeled as BAFLTFC6, with a face value of 5,000 and a profit rate based on the 6M KIBOR plus an additional 1.5%. The total issue size amounts to Rs. 7,000,000,000 with an outstanding principal of the same value. The next coupon date for this security is scheduled for 26-03-2024.

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Pakistan Condemns Demolition of Century-Old Mosque in Saharanpur

Islamabad: Pakistan has strongly condemned the demolition of the century-old mosque in Saharanpur, India. Responding to media queries regarding reports of this incident, Foreign Office Spokesperson Sajjad Haider Khan stated that this action against a...