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K-Electric Limited Secures Funding through Sukuk

Karachi, K-Electric Limited has entered the Sukuk market with an issuance worth Rs. 6,700,000,000, coded K E LS C 6. These Sukuks have a 7-year tenure, a face value of Rs. 100,000, and a profit rate of “3M KIBOR + 1.7%”. The next coupon is due on “23-Feb-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...