Summit Bank Limited Introduces Seven-Year TFC at 6M KIBOR+3.25% Profit Rate

Karachi: Summit Bank Limited has announced its new TFC, SMBLTFC, which has a face value of 5,000 and a tenor lasting seven years. The profit rate is fixed at 6M KIBOR+3.25%. The total issue size stands at Rs. 1,500,000,000, with an outstanding principal of Rs. 1,495,500,000.

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PM and Defence Production Minister Discuss Makkah Joint Defence Agreement

Islamabad: Minister for Defence Production Muhammad Raza Hayat Harraj called on Prime Minister Muhammad Shehbaz Sharif in Islamabad. The meeting focused on discussions of mutual interest between the two leaders. According to Radio Pakistan, the Mini...