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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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 ...