FPCCI to host 29th BoD meeting of ICCIA
KARACHI: Daroo Khan Achakzai, President of FPCCI has announced that FPCCI will host 29th Meeting of Board of Directors of Islamic Chambers of Commerce, Industry and Agriculture (ICCIA) at Karachi…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on March 06, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.70 and Selling at Rs138.80.…
Moody’s revises outlook for Singtel Optus and Optus Finance to negative
SYDNEY: Moody’s Investors Service (Moody’s) has revised the ratings outlook on Singtel Optus Pty Limited (Optus) and Optus Finance Pty Limited (Optus Finance) to negative from stable. At the same…
TMC Life Sciences executes RM300 million term loan facility
PETALING JAYA: The Board of Directors of TMC Life Sciences Berhad (TMCLS) has announced that its wholly owned subsidiary, Thomson Hospitals Sdn Bhd, has entered and executed a Term Loan…
Accrelist Ltd forms subsidiary in Singapore
SINGAPORE: The Board of Directors (BoD) of Accrelist Ltd. together with its subsidiaries, has announced that the company has incorporated an indirect subsidiary in Singapore namely Accrelist Medical Aesthetics (CM)…
Indicash – India’s largest White Label ATM network pioneers ‘uberisation of ATMs’
MUMBAI: Tata Communications Payment Solutions Limited (TCPSL), that owns and operates India’s first and largest white label ATM (WLA) network –Indicash, has announced that it has contracted 1500 ATMs under…
US based Era Group Inc. reaffirms decade old relationship with Ramco
HOUSTON: Global cloud enterprise software provider Ramco Systems has announced ten years of Ramco Operations with Era Group Inc. (Era). Era, with more than 70 years of experience, is one…
London Stock Exchange lists Qatar International Islamic Bank (QIIB) $500 million sukuk
LONDON: London Stock Exchange has listed Qatar International Islamic Bank (QIIB) $500 million sukuk in the presence of QIIB Chairman and Managing Director Sheikh Dr Khalid bin Thani al-Thani, Chief…
Abdullah Al Othaim Markets declares cash dividend of SAR3.0/share
RIYADH: Abdullah Al Othaim Markets Co. has announced a net profit of SAR 302.6 million for the year ended December 31, 2018, which is 32.68 percent lower than the profit…
Sipchem announces safe completion of periodic turnaround maintenance activities of IDC
RIYADH: Saudi International Petrochemical Company (Sipchem) has announced the safe completion of the scheduled periodic turnaround maintenance activities for the International Diol Company (IDC), an affiliate of Sipchem. Startup activities…
SHC stays recovery of Income tax
KARACHI: An appellate bench of High Court of Sindh (SHC) stayed a notice of recovery issued by Additional Commissioner, Inland Revenue, Range 2, RTU 3, Zone 2 against petitioner Nova…
SHC to hear petition by Telenor, SCRA be department
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday tagged a petition filed by Telenor Pakistan and…
SCAT allows appeal by Nizam Energy
KARACHI: A two member bench of Special Customs Appellate Tribunal (SCAT) comprising Jahanzaib Wala, Member Judicial and Tanveer Ahme, Member Technical allowed an appeal filed by Nizam Energy. The appellant…
Pakistan targets $5.5 billion additional exports by 2023
ISLAMABAD: PTI government has set National Financial Inclusion Strategy (NFIS) targets for the next 5 years, which will help to create at least 3 million new jobs and additional exports…
ECC approves 9 mmcfd gas from Fazl X-1 to SSGC
KARACHI: Economic Coordination Committee (ECC) has approved proposal of Ministry of Energy based on request by Pakistan Petroleum Ltd for allocation of up to 9 mmcfd gas from Fazl X-1…
Pakistan planning amnesty scheme to mobilize undocumented money
KARACHI: PTI government is planning an amnesty scheme to bring the undocumented money, present in the country, into the industrial sector rather than boosting revenue collection. It may be mentioned…
Booming retail sector hit hard
The booming retail market of Pakistan which was all set to cross the whopping $50 billion mark suffered a major setback as SROs issued by the Federal Bureau of Revenue…
JS Bank becomes Pakistan’s First Financial Institution to be Accredited by the Green Climate Fund (World’s Largest Climate Fund)
Karachi: JS Bank has become Pakistan’s first financial institution to have been accredited by the Green Climate Fund (GCF), the world’s largest climate fund. The Fund aims to provide facilities…
Nebras Power expands its presence in Jordan’s Power Sector
DOHA: Nebras Power Q.P.S.C (Nebras) and Nebras Power Investment Management BV (NPIM) have announced that they have entered into a Sale and Purchase Agreement (SPA) to acquire the AES Corporation’s…
Takaful Emarat posts profit of AED 14 million
DUBAI: Takaful Emarat, the Dubai Financial Market (DFM) listed, Shariah-compliant Life and Health Takaful provider, announced its full year financial results for the twelve-month period ended December 31, 2018. Net…