Habib Bank Limited Secures Rs. 6.5 Billion with Perpetual TFC

Karachi: Habib Bank Limited has announced the issuance of a perpetual Term Finance Certificate (Tier-I), coded HBLTFC3, with a notable total issue size of Rs. 6,500,000,000. This financial instrument is designed with a profit rate formula of 3M KIBOR + 2.00%. The upcoming coupon payment for investors is anticipated on December 28, 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...