Habib Bank Limited Issues Perpetual Tier-I Debt Securities

Karachi: Habib Bank Limited has issued perpetual Tier-I debt securities with the symbol code “TFC (Tier-I)”. These securities are available in a market lot of 100,000 with a face value of Rs. 100,000 each. They carry a profit rate of “3M KIBOR + 2.00%” and have a total issue size of Rs. 6,500,000,000. The outstanding principal for this issue is also Rs. 6,500,000,000, with the next coupon date scheduled for 28-Dec-2023.

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Meeting Focuses on Preparations for Youm-e-Istehsal Commemoration

Islamabad: A meeting was held in Islamabad today with Federal Secretary for Kashmir Affairs and Gilgit-Baltistan Kamran Rehman Khan in the chair, to review preparations for the observance of Youm-e-Istehsal on the 5th of next month. According to Rad...