Karachi: Trading in the Term Finance Certificates (TFCs) of Askari Bank Limited, identified by the symbol AKBLTFC7, will be suspended starting Monday, September 1, 2025. This action precedes the anticipated delisting of these financial instruments. The move comes as the bank prepares for the early redemption of the entire principal outstanding and the payment of accrued profit, as announced on August 29, 2025.

The bank has set a final book closure date to facilitate the early redemption process, known as exercising the Call Option. This mechanism allows the bank to redeem the TFCs before the scheduled maturity date, which in turn necessitates the suspension of trading activities for these certificates on the Pakistan Stock Exchange (PSX).

According to information available from the Pakistan Stock Exchange (PSX), the delisting process will commence after Askari Bank fulfills all the necessary requirements. A separate notice will be issued to inform stakeholders about the completion of these formalities.

The term finance certificates, a type of debt instrument, were traded under the designated market category, serving as a significant component of the bank’s financial strategies. The forthcoming suspension and subsequent delisting mark a notable event in the bank’s financial operations, reflecting its strategic financial management decisions.