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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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Services Chiefs Reaffirm Commitment to Pakistan’s Defence

Islamabad: Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir, Chief of the Naval Staff Admiral Naveed Ashraf, and Chief of the Air Staff Air Chief Marshal Zaheer Ahmed Baber Sidhu have extended heartfelt felicitations to th...