The Bank of Punjab Issues Perpetual TFC Raising Over Rs. 8 Billion

Karachi: The Bank of Punjab has issued a perpetual Term Finance Certificate (Tier-I), under the symbol BOPTFC2, with an impressive total issue size of Rs. 8,017,500,000. This instrument has a profit rate tied to 6M KIBOR + 2.00%, and with its perpetual nature, represents a long-term investment opportunity. Investors are due for their next coupon on December 20, 2023.

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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...