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Telecard Limited’s TFC Fully Redeemed

Karachi: Telecard Limited issued a TFC, TELETFC, with a six-year tenure and a market lot size of Rs. 5,000. The profit rate was set at 3M KIBOR + 0%. This issue has been fully redeemed, with a total issue size of Rs. 2,400,000,000 and no outstanding principal as of the last coupon date on 31-12-2021.

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Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects

Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...