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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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Pakistan and Kuwait Pledge to Enhance Bilateral Ties

Islamabad: Pakistan and Kuwait have reaffirmed their commitment to strengthen their brotherly relations. Deputy Prime Minister and Foreign Minister Ishaq Dar engaged in talks today with the Foreign Minister of Kuwait, Sheikh Jarrah Jaber al-Ahmad al-S...