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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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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties
Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...