| GEO Business|
| Govt to issue TFCs worth Rs80 bln this month|
| Updated at: 2306 PST, Friday, February 20, 2009|
KARACHI: The government will be issuing Term Finance Certificates amounting to Rs80 billion.
Managing Director Hubco, Javed Mehmood stated this while talking to Geo News on Friday.
He said non-payments to power sector have mounted to Rs400 billion and it is necessary that dues be cleared so that payment crisis in power and oil sectors could be overcome.
Javed Mehmood said a heavy debt would be retired by issuing the rest of TFCs during March to June.