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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Meeting Focuses on Preparations for Youm-e-Istehsal Commemoration

Islamabad: A meeting was held in Islamabad today with Federal Secretary for Kashmir Affairs and Gilgit-Baltistan Kamran Rehman Khan in the chair, to review preparations for the observance of Youm-e-Istehsal on the 5th of next month. According to Rad...