K-Electric Limited’s Sukuk Nears Coupon Date Amidst Stable Tenure

Karachi: K-Electric Limited’s Sukuk, KELSC6, with a seven-year term, is set for its next coupon payment on 23-Nov-2023. The Sukuk bears a profit rate of 3M KIBOR+1.7% against a total issue size of PKR 6,700,000,000, entirely outstanding. Each market lot is priced at PKR 100,000, providing investors with substantial profit potential.

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Pakistan Emphasizes Diplomacy for Iran Nuclear Issue

Islamabad: Pakistan has reiterated that the Iran nuclear issue should be addressed through peaceful means. The remarks were made by Pakistan's Permanent Representative to the UN, Asim Iftikhar Ahmad, while speaking on the Security Council Vote on the ...