Karachi June 3 2025: Pakistan International Bulk Terminal board of directors approved issuance of short term Sukuk of up to PKR 5,000 million to meet working capital requirement, according to company filing to the Pakistan Stock Exchange.
“The Board of Directors of the Company, in its meeting held on June 02, 2025, at 12:00 PM at the registered office, has approved the arrangement of a short-term financing facility and/or issuance of short-term Sukuk of up to PKR 5,000 million to meet the working capital requirements of the Company subject to receipt of all applicable regulatory and other necessary approvals required under applicable law or contractual arrangements of the Company” states the filing.
“The proposed facility will be backed by long-term loan commitments from the banks” the notification added.
