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Karachi, Bank Islami Pakistan Limited has announced the issuance of a Sukuk (Tier-I) worth PKR 1 billion. The perpetual Sukuk, identified as BIPLSC2, carries an interest rate of the 1-month Karachi Interbank Offered Rate (KIBOR) plus 2.5%. This strategic financial instrument is designed to bolster the bank's capital adequacy and support its growth initiatives. The Sukuk issuance, effective from April 22, 2024, represents a pivotal move by Bank Islami to strengthen its financial base and ensure long-term sustainability in the competitive banking sector.
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Mongolian Envoy Advocates for Increased Business Exchanges to Enhance Trade Ties
Karachi, Deputy Head of Mission from the Embassy of Mongolia Lkhanaajav Munkhtushig expressed eagerness to bolster trade and investment relations with the business community of Karachi through heightened exchange of business delegations between the tw...
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