United Bank Limited’s Perpetual Tier-I TFC to Distribute Coupon in Early 2024

Karachi: United Bank Limited’s perpetual Tier-I TFC, UBLTFC5, carries a face value of PKR 5,000 with a profit rate of 3M KIBOR + 1.55%. The total issue size stands at PKR 10,000,000,000, with no change in the outstanding principal. Investors are poised for the next coupon distribution on 29-01-2024.

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Fourteen Nations Pledge Support for New Maritime Defense Initiative

Islamabad: Fourteen countries, including Pakistan, have affirmed their support for the Multinational Maritime Defense Alliance project aimed at enhancing maritime security and protect international waterways. The resolve was expressed during a meeting...