U Microfinance Bank Limited Issues TFC to Expand Financial Base

Karachi, U Microfinance Bank Limited has announced a new four-year TFC, “UMBLTFC1,” with a total and outstanding issue size of Rs. 3.5 billion. With a market lot of 1 and a face value of Rs. 100,000, the bank sets the next coupon date for December 23, 2023. This issuance represents the bank’s initiative to broaden its capital resources through debt instruments.

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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 ...