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Power Holding Limited Releases Second 10-Year Sukuk

Karachi, Power Holding Limited has issued another Sukuk (PESC2) with a market lot of 1 and a face value of Rs. 5,000. This ten-year tenor security features a profit rate of “6M KIBOR -0.1%”, covering a total issue size and outstanding principal of Rs. 199,966,800,000. The next coupon date is scheduled for 21-May-2024.

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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...