Hub Power Holdings Limited Announces 5-Year Sukuk

Karachi, Hub Power Holdings Limited has unveiled its 5-year Sukuk as part of its privately placed debt securities. The market lot and face value are set at 1 and Rs. 100,000 respectively. This Sukuk’s profit rate is attached to the 6-month KIBOR plus 2.5%. The total issue size and outstanding principal both stand at Rs. 6,000,000,000. The Sukuk’s next coupon date is 12-11-2023.

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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...