Karachi September 22 2022; TFC issue of the Telecard limited has not been redeemed as initially intended, as per information provided by the company at Pakistan Stock Exchange (PSX).
The stock dropped 7.43 to PKR 20.42 percent after the announcement.
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Capital Gain Tax to be Collected on September 24 for July from Clearing Members: NCCPL
However, the Board of Directors has already resolved that the Company engage in discussions with the investors for the purposes of agreeing on appropriate restructuring terms, which discussions are already underway and the Company expects to finalize the terms soon.
