KE partners with OUP to bring Karachi Literature Festival 2019
KARACHI: K-Electric (KE) has partnered with the Oxford University Press (OUP) to bring the 10th edition of Karachi Literature Festival (KLF) 2019 being held from 1st to 3rd March at…
Pakistan starts engaging with global ICT policy makers and regulators
KARACHI: Pakistan starts engaging with global ICT policy makers and regulators to understanding the best practices for evolving the ICT sector of Pakistan on international pace and standards. Federal Minister…
PIA starts restoration of normal flight schedule
KARACHI: Pakistan International Airlines (PIA) has started with restoration of its normal flight schedule from Karachi, Islamabad, Peshawar and Quetta stations after remaining suspended for four days. PIA has restored…
Limit of PSX shareholding for foreigners increased to 20pc
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has announced increasing the limit applicable on foreign persons or institutions for acquiring or holding of Pakistan Stock Exchange (PSX) shares…
Chairman FBR approves transfers of PCS officers
KARACHI: Chairman Federal Board of Revenue (FBR) Jahanzaib Khan has approved transfers and postings of around 60 officers of Pakistan Customs Service (PCS), sources said. The notifications to this effect…
Meezan Bank issues Rs200bn Pakistan Energy Sukuk
KARACHI: Ministry of Energy on Friday issued a Rs200 billion ‘Pakistan Energy Sukuk’, which, according to a statement shared by Meezan Bank Limited (MBL), is “the first of its kind”.…
Board members of Pak-UK Business Council elected
KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has elected nine directors on the board of Pak-UK Business Council of the Federation for the year 2019. FPCCI…
MCC Quetta launches snap crackdown against smuggled vehicles
QUETTA: MCC Quetta has extended the realm of its crackdown launched against non-customs-paid vehicles. Chief Collector Baluchistan Dr. Zulftqar All Chaudhry strictly directed Preventive Section to take stern action against…
ASO Preventive seizes smuggled goods
KARACHI: Anti-Smuggling Organization (ASO) of MCC Preventive has seized smuggled goods worth Rs4.732 million. Information was passed through Deputy Collector Muhammad Faisal about the movement of smuggled diesel. Subsequently, the…
SBP instructs banks to accept PoR card as acceptable identity document
KARACHI: State Bank of Pakistan has issued a circular advising banks/DFIs that they may accept PoR Card issued by NADRA (National database & amp; Registration Authority) as identity document for…
Medinex announces completion of acquisition of Sen Med Holdings
SINGAPORE: Medinex Limited has announced completion of the proposed acquisition of 55 percent of the total issued share capital in Sen Med Holdings Pte. Ltd against a purchase consideration of…
Aurobindo completes acquisition of marketed portfolio from Spectrum Pharmaceuticals
MUMBAI: Aurobindo Pharma Limited has completed the acquisition of marketed portfolio from Spectrum Pharmaceuticals, a bourse filing said on Saturday. Aurobindo Pharma Limited had earlier announced proposed acquisition of seven…
BSE resolved 101 investor’s complaints against companies in February
MUMBAI: Bombay Stock Exchange (BSE) received 103 complaints against 91 companies during February 2019. In the same period 101 complaints were resolved against 90 listed companies. These resolved complaints include…
SAFCO posts 97.8pc growth in profits
KARACHI: Saudi Arabian Fertilizer Co. (SAFCO) has announced a net profit of SAR 1.738 billion for the year ended December 31, 2018, which is 97.8 percent higher than the profit…
Hostility on the border stresses Pakistan equities
KARACHI: Border tensions between Pakistan and India remained on the forefront during the week ended March 01, 2019 resulting in a volatility for the Pakistan Stock Exchange (PSE) benchmark KSE-100…