Day: October 23, 2023

 Global Chinese Merchants Worship Their Ancestor in Shangqiu

SHANGQIU, China, Oct. 23, 2023 /Xinhua-AsiaNet/– On October 23, 2023, the ninth day of the ninth month in Chinese lunar year, the grand worship ceremony was held in Shangqiu City, Henan Province, China. About 500 representatives of Chinese merchants from home and abroad gathered together to worship Wang Hai, the

Bombardier Defense Delivers Global 6000 Aircraft to the U.S. Air Force Battlefield Airborne Communications Node (BACN) Program

U.S. Air Force’s Global 6000 aircraft ombardier Defense delivered the seventh Global 6000 aircraft to the U.S. Air Force for the Battlefield Airborne Communications Node (BACN) program Bombardier’s multi-year contract with the Air Force supports a unique and reliable airborne communications platform essential for critical missions around the world Global

HBL Growth Fund Announces 12% Distributions for Par Value Rs. 10

Karachi, HBL Growth Fund – (A) NC (HGFA) announced a 12% distribution for par value Rs. 10 at today’s rate of Rs. 5.31 and a daily weighted average rate of Rs. 5.37. The company, with a paid-up capital of Rs. 2,835.00 million and a market lot of 500, …

Soneri Bank Limited Raises Rs. 4 Billion with Tier-II TFCs

Karachi, Soneri Bank Limited (SNBLTFC4) has raised Rs. 4 billion through the issuance of Tier-II Term Finance Certificates (TFCs). These TFCs, with a face value of Rs. 100,000 each, have a tenor of 10 years and will pay the next coupon on 26-Dec-2023….

K-Electric Limited Issues Rs. 6.7 Billion Sukuk

Karachi, K-Electric Limited (KELSC6) has made a notable financial move by issuing Rs. 6.7 billion worth of Sukuk. These securities, with a face value of Rs. 100,000 each, come with a tenor of 7 years and are set to pay the next coupon on 23-Nov-2023. …

Pakistan Oxygen Limited Announces Right Issue Dates

Karachi, Pakistan Oxygen Limited (PAKOXYR) will start trading in L/Right from 01-11-2023, with the last date for trading set at 23-11-2023. The last date for payment or renunciation is 30-11-2023. A premium of 44.00/- will be applied.

Bank Alfalah Raises Rs. 7 Billion through Tier-I TFCs

Karachi, Bank Alfalah Limited (BAFLTFC8) has successfully raised Rs. 7 billion by issuing Tier-I Term Finance Certificates (TFCs). Each certificate, with a face value of Rs. 5,000, is perpetual and is expected to have a significant impact on the bank’…