U Microfinance Bank Limited Announces Fixed Rate on Privately Placed Debt

Karachi (PPI Bot): U Microfinance Bank Limited has successfully placed a Term Finance Certificate (TFC) with a market lot of 1 and a face value of 100,000 PKR. The debt, with a tenure of 4 years, carries a profit rate of 6M KIBOR + 1.35%. The total issue size is set at 3,500,000,000 PKR, and the outstanding principal remains at 3,500,000,000 PKR. The next coupon is due on 23-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 ...