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Karachi: Power Holding Limited has issued two sukuks, PESC1 and PESC2, to support infrastructure development. PESC1 has a ten-year tenure with a 6M KIBOR+0.8% profit rate, and an astounding issue size of 200 billion Rs., matching the outstanding principal. PESC2 also spans ten years with a unique profit rate of 6M KIBOR-0.1%. Both instruments signal strategic public sector financing with respective coupon dates set for 01-Mar-2024 and 21-Nov-2023.
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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties
Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...