Telecard Limited’s TFC Features 6-Year Tenor with No Profit Rate

Karachi, Telecard Limited introduced a 6-year TFC (Traded Finance Certificate) with the symbol TELETFC, featuring a face value of Rs. 5,000. Interestingly, this TFC offers a profit rate of 0%, providing a unique investment opportunity. The total issue size for this security is Rs. 2,400,000,000. However, it currently holds no outstanding principal. The last coupon payment was due on 31st December 2021.

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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 ...