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Habib Bank Limited Sustains Market with Perpetual Debt Offering

Karachi: Habib Bank Limited has sustained its market presence with a perpetual debt offering. The Tier-I TFC, with a market lot of 1 and a face value of Rs. 100,000, comes with a profit rate based on 3-month KIBOR plus 1.6%. The total issue size stands at Rs. 12,374,000,000, all of which is outstanding. The next coupon payment is scheduled for 26 December 2023.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...