AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Mughal Iron & Steel Industries Limited has secured a five-year term Sukuk, “MUGHALSC,” listed on the Pakistan Stock Exchange. This financial instrument has a total issue size of Rs. 3 billion, with Rs. 2.4375 billion still outstanding. The Sukuk’s next coupon date is slated for March 2, 2024. Each Sukuk has a market lot of 1 and a significant face value of Rs. 1,000,000, underscoring the company’s approach to diversify its funding sources through Islamic finance.
Check Also
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 ...