K-Electric Limited Locks in Financing with Seven-Year Sukuk

Karachi: K-Electric Limited has secured financing through a seven-year Sukuk, carrying a profit rate of 3-month KIBOR plus 1.7%. The market lot is 1 with a face value of Rs. 100,000. The total issue size stands at Rs. 6,700,000,000, fully outstanding. The next coupon payment is scheduled for 23 November 2023.

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ECC Allocates Rs 5 Billion for Daanish Schools Authority Fund

Islamabad: The Economic Coordination Committee of the Cabinet has approved measures involving 11.6 billion rupees. According to Radio Pakistan, the Committee, which met in Islamabad, approved 6.6 billion rupees for the purchase of 30 bullet-proof ve...