Bank Islami Pakistan Limited Introduces Perpetual Sukuk with KIBOR Plus Rate

Karachi, Bank Islami Pakistan Limited has launched a Sukuk (Tier-I), BIPLSC, with a perpetual tenor and a profit rate of 3-month KIBOR plus 2.75%. The total issue size is Rs. 2,000,000,000, which remains fully outstanding. The next coupon is scheduled…

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Junaid Chaudhry Announces Establishment of Fisheries, Aquaculture Centre in Karachi

Karachi: Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a fisheries and aquaculture research centre at the Korangi Fish Harbour Authority in Karachi. According to Radio Pakistan, the Minister stated ...