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U Microfinance Bank Limited Issues Rs. 3.5 Billion TFC

Karachi, U Microfinance Bank Limited has issued Term Finance Certificates (UMB LTFC 1) valued at Rs. 3,500,000,000. These certificates have a tenure of 4 years and a market lot size of one, with a face value of Rs. 100,000. The TFCs carry a profit rate of “6M KIBOR + 1.35%”, and the next coupon date is slated for “23-Dec-2023”.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...