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Karachi: Summit Bank Limited has floated a seven-year term finance certificate (TFC), SMBLTFC, with a market lot of Rs. 5,000. This debt security offers a profit rate tied to 6M KIBOR + 3.25%. The total issue size is Rs. 1,500,000,000, with nearly the entire amount remaining as the outstanding principal.
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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 ...