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Hub Power Holdings Limited Launches Sukuk

Karachi, Hub Power Holdings Limited has introduced its Sukuk (HUBPHLSC) with a market lot of 1 and a face value of Rs. 100,000. The five-year tenor security offers a profit rate of “6M KIBOR +2.5%”, with both its total issue size and outstanding principal at Rs. 6,000,000,000. The next coupon date is scheduled for 12-May-2024.

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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...