The Bank of Punjab Secures Long-Term Funding with Perpetual Tier-I TFC

Karachi, (PPI Bot): The Bank of Punjab has secured long-term funding by releasing a perpetual Tier-I TFC, BOPTFC2. The instrument has a total issue size of PKR 8.0175 billion, which stands as the outstanding principal as well. With a profit rate of 6M KIBOR+2.00%, the TFC’s next coupon date is anticipated on 20-Dec-2023.

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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 ...