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K-Electric Limited Debuts Sukuk Security

Karachi, K-Electric Limited has entered the debt market with its Sukuk security (KELSC5), valued at Rs. 5,000 per unit. This issuance features a “3M KIBOR +1.7%” profit rate, covering a total issue size of Rs. 25,000,000,000 and an outstanding principal of Rs. 23,750,000,000. The next coupon date for this security is 03-02-2024.

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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...