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Summit Bank Limited Announces Seven-Year TFC with Competitive Interest Rate

Karachi, (PPI Bot): Summit Bank Limited has brought to market a Term Finance Certificate, SMBLTFC, with a seven-year tenor. The issue size is PKR 1.5 billion, nearly matching the outstanding principal of PKR 1.4955 billion. The profit rate is attractive at 6M KIBOR+3.25%. The details of the next coupon payment are not specified.

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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...