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Telecard Limited’s TFC Fulfills Debt Market Obligations

Karachi, Telecard Limited has successfully issued a 6-year Term Finance Certificate (TELETFC), according to its financial disclosure to the Pakistan Stock Exchange. The TFC, with a market lot of 1 and a face value of Rs. 5,000, has an interest rate of 3M KIBOR + 0%. It has a total issue size of Rs. 2.4 billion, with no outstanding principal reported. The last coupon date was December 31, 2021, indicating the completion of this financial instrument’s obligations.

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Pakistan and Kuwait Pledge to Enhance Bilateral Ties

Islamabad: Pakistan and Kuwait have reaffirmed their commitment to strengthen their brotherly relations. Deputy Prime Minister and Foreign Minister Ishaq Dar engaged in talks today with the Foreign Minister of Kuwait, Sheikh Jarrah Jaber al-Ahmad al-S...