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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President Lauds Saudi Envoy for Strengthening Pak-Saudi Ties

Islamabad: President Asif Ali Zardari has appreciated the Saudi Ambassador to Pakistan, Nawaf bin Said Al-Malkiy, for strengthening the longstanding fraternal and strategic ties between Pakistan and Saudi Arabia. He was talking to the Ambassador, who ...