K-Electric Limited Commits to Seven-Year Sukuk

Karachi: K-Electric Limited’s seven-year sukuk, KELSC5, has been issued with a profit rate tied to 3M KIBOR+1.7%. The issue size is 25 billion Rs., with an outstanding principal of 23.75 billion Rs. The next coupon date is anticipated on 03-02-2024, indicating the company’s strategic debt planning.

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PM and Defence Production Minister Discuss Makkah Joint Defence Agreement

Islamabad: Minister for Defence Production Muhammad Raza Hayat Harraj called on Prime Minister Muhammad Shehbaz Sharif in Islamabad. The meeting focused on discussions of mutual interest between the two leaders. According to Radio Pakistan, the Mini...