Understanding BJT

I am wondering if someone can help me understand a problem. This PNP BJT problem gives a very high beta and :
Vce sat = 0.2V (if needed for the problem)
Vbe = 0.7V
Ie = 0.5mA (independent current source)

It follows the by Ic = B * Ib that we can take the base current Ib as zero. As such by Ie = Ic + Ib it is clear Ie = Ic. If it turns out that both CBJ and EBJ are forward biased I can no longer make this assumption that Ie = Ic, am I correct?