Bank Islami Pakistan Limited Debuts Perpetual Sukuk with 3M KIBOR+2.75% Rate

Karachi,Bank Islami Pakistan Limited has released a Perpetual Sukuk, BIPLSC, with a profit rate pegged to 3M KIBOR plus 2.75%. The total issue size stands at Rs. 2,000,000,000, and the next coupon date is slated for 01-11-2023.

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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 ...