Hundreds of disgruntled depositors of the crisis-hit, 80-year old
Around 800 depositors, including women, raised placards and chanted slogans urging the Prime Minister who is also the Finance Minister to solve TFC 'liquidity crisis with
This was the first protest demonstration stage by depositors following the
The presence of police personnel prevented the peaceful protestors from marching towards
Convener of the protest demonstration
He told the gathering of TFC depositors that the pledge given by those officials to a group of depositors to settle their grievances as soon as possible after the discussions couple of weeks ago is still to be materialised.
It has informed that the company has the right to submit an acceptable proposal for investment in TFC along with proof of funds for capital infusion and a Business Restructuring Plan for the consideration of the banking regulator within 60 days from the date of issuance of such notice.
Previously the
The regulatory measures included suspension of accepting new deposits, withdrawal of deposits and disbursement of loans and advances to facilitate the restructuring process of TFC. (Bandula)
© Pakistan Press International, source