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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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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...