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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Police Constable Martyred, FC Official Injured in Poonch Firing

Islamabad: In Azad Kashmir, a police constable embraced martyrdom, while another official of the Federal Constabulary sustained injuries after armed militants of the banned Awami Action Committee opened fire in Poonch. The security forces came under f...