SHORT TERM BORROWINGS |
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| SHORT TERM BORROWINGS | 14. SHORT TERM BORROWINGS
Borrowings against repurchase agreement, obtained from Elahi Group of Companies amounting to USD $0.528 million against 100 million shares of WTL (placed by Ferret Consulting FZC) and from Hamdard Laboratories amounting to USD $0.264 million against 50 million shares of WTL (placed by Ferret Consulting FZC) for the purpose of working capital requirements and/or to meet other business obligations. The facility carries an annual interest rate of 28.00%. The facility is secured against 30 million and 15 million shares of Worldcall Telecom Limited pledged with Elahi Group of Companies and Hamdard Laboratories, respectively.
Line of credit facility – others:
This represents various interest bearing and interest free loans from different parties.
Loan from other parties: This represents various interest bearing and interest free loans denominated in US$ from different companies, as mentioned below.
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