Awareness sessions held on tax reforms
ISLAMABAD:Federal Board of Revenue (FBR) has held number of sessions in Karachi and Lahore for the leading tax consultants, tax managers and businessmen to create awareness about recent tax reforms…
Business community deliberates upon the new proposed tax amnesty scheme
KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called a meeting of stakeholders to discuss the proposals for New Tax Amnesty…
Containers of edible products piling up at the ports
KARACHI: Thousands of containers of edible products are stranded at the ports causing congestion and losses to the importers as after government issued of SRO No. 237(I)/2019 on February 19,…
DEUTZ prepares the way for carbon-neutral mobility with hydrogen drive systems
LONDON: DEUTZ AG and the Munich-based start-up KEYOU intend to build on their existing partnership and jointly develop commercially viable carbon-neutral hydrogen engines for off-road and on-road applications, and for…
Mixed trend in Feb’19 off takes as urea rises & DAP falls
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer data for the month of February 2019 where Pakistan’s total fertilizer offtakes clocked-in at 520k tons, depicting a significant decline of 16%…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on March 25, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs140.29 and Selling at Rs140.39.…
Circle inducts the highly successful Tech Karo’s second cohort in partnership with Engro Vopak
Karachi: Circle, a social enterprise focused on women’s economic empowerment, held a launch ceremony yesterday for the new phase of its highly successful Tech Karo program, which aims to create…
GHG signs partnership agreement with the Association of Israeli Medical Professors
LONDON: Georgia Healthcare Group PLC (GHG) has announced that its hospitals business has signed a partnership agreement with the Association of Leading Israeli Medical Professors (ALIMP), under which the association…
China Hongxing to acquire gold mine projects in the Philippines
SINGAPORE: The Board of Directors of China Hongxing Sports Limited has signed a conditional sale and purchase agreement with Mining and Mineral Industries Holding Pte. Ltd. To acquire the issued…
New Silkroutes Group sells its energy unit for USD 10 million
SINGAPORE: New Silkroutes Group Limited announced that its wholly-owned subsidiary, New Silkroutes Capital Pte. Ltd, has signeda share sale and purchase agreement with TK Energy Limited for the disposal of…
Small Cap Stocks on the move in first quarter of 2019
SINGAPORE: Over the first 12 weeks of 2019, key regional Small Cap Indices have outpaced Large Cap Indices, a significant contrast to their less competitive performances between 2016 and 2018,…
Directorate General of Training and Research recommends cash reward for its officers
KARACHI: Directorate General of Training and Research (Customs) has recommended a cash reward equivalent to one-year basic salary for the officers of DGTR Karachi to commend their extraordinary dedication and…
ASO Preventive recovers smuggled goods worth Rs3.39mn
KARACHI: Anti-Smuggling Organization (ASO) of MCC Preventive Karachi has recovered large quantity of smuggled goods worth Rs3.39 million from a dumping place at SITE area and arrested two persons here…
Lupin receives FDA approval to market generic version of Viagra
BALTIMORE: Pharma major Lupin Limited (Lupin) has received approval for its Sildenafil Tablets USP, 25 mg, 50 mg, and 100 mg from the United States Food and Drug Administration (FDA)…
Jindal Steel and Power re-starts 1.8 MTPA Direct Reduced Iron (DRI) plant at Angul
NEW DELHI: Guided by its production ramp up plan and supported by the healthy demand for steel in market, Jindal Steel and Power Limited (JSPL) has re-started its 1.8MTPA Direct…
Everest Group names HCL a ‘Leader’ in cloud enablement services
NOIDA, INDIA: HCL Technologies (HCL), a leading technology company, has been recognized as a leader in Everest Group’s Cloud Enablement Services PEAK MatrixTM Assessment 2019.Everest Group assessed the global cloud…
QNB completes USD1.0 billion bond issue
DOHA: Qatar National Bank (QNB) Group has announced the successful completion of a bond issuance under its Euro Medium Term Note (EMTN) programme in the international capital markets. The Reg…
Fitch affirms Qatar Islamic Bank’s ‘A’ Rating
DOHA: Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB), Long Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. It also upgraded QIB’s Viability Rating (VR) to ‘bbb’…
Qatar Stock Exchange holds 1st Financial Competition for universities’ students
DOHA: Qatar Stock Exchange (QSE) concluded the 1st Financial Competition for Universities’ Students, an event aimed at promoting investment awareness among university students.The participating students were required to carry out…
Amanat Holdings approves dividends distribution for the fourth year in a row
DUBAI, UAE: The General Meeting of Amanat Holdings PJSC, the GCC’s largest healthcare and education investment company, has approved a cash dividend distribution of 1.50% of the nominal value for…