Telecard Limited’s TFC Fully Redeemed; Next Coupon Was Due December 2021

Karachi: Telecard Limited had issued a Term Finance Certificate (TFC), symbol TELE TFC, with a tenor of 6 years and a profit rate tied to the 3-month KIBOR plus 0%. The total issue size was 2.4 billion rupees, which has now been fully redeemed. The last coupon date was set for 31st December 2021, indicating the security’s maturity and final settlement.

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PM and Defence Production Minister Discuss Makkah Joint Defence Agreement

Islamabad: Minister for Defence Production Muhammad Raza Hayat Harraj called on Prime Minister Muhammad Shehbaz Sharif in Islamabad. The meeting focused on discussions of mutual interest between the two leaders. According to Radio Pakistan, the Mini...