Power Holding Limited Offers Innovative Sukuk with Negative KIBOR Spread

Karachi (PPI Bot): Power Holding Limited has introduced a unique Sukuk in the debt market with a profit rate of 6-month KIBOR minus 0.1%, for a tenor of 10 years. The issue size matches the outstanding principal at PKR 199.9668 billion, with the next coupon due on 21 November 2023.

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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 ...