Proton to set up auto manufacturing facility in Pakistan
KARACHI: Proton will be setting up a factory in Pakistan that will be its first facility in South Asia.The plant will be a joint effort between the Malaysian carmaker and…
Several banks mandated to arrange benchmark-sized USD-denominated bond for Qatar National Bank
DOHA: Qatar National Bank (QNB) Group announced that ANZ, Barclays Bank PLC, Credit Agricole CIB, Deutsche Bank, ING, QNB Capital LLC and Standard Chartered Bank have been mandated to arrange…
Saudi Telecom plans USD 5.0 billion international Sukuk issue
RIYADH: Saudi Telecom Company has announced its intention to establish an international Sukuk Program in a total amount not exceeding USD 5.0 billion and issue Sukuk either directly or through…
Synectics plc wins contract in the oil and gas sector
LONDON: Synectics plc, a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that it has secured a contract in the oil…
Accredited announces program underwriting partnership with Pronto General Insurance
LONDON: Randall & Quilter Investment Holdings Ltd. has announce that its wholly owned subsidiary Accredited Surety and Casualty Company, Inc. (Accredited), the Florida domiciled insurance company that is licensed in…
IRS reminds members of the U. S. Armed Forces of special tax breaks
WASHINGTON: The United States Internal Revenue Service encourages members of the military and their families to learn more about the special tax benefits available to them as the April 15…
NEXT Plc posts 0.23% decline in profits
LONDON: NEXT Plc has announced a net profit of £590.4 million for the year ended January 2019, down 0.23% compared with the profit of £591.8 million in the year ended…
China South City Holdings signs agreement with banks for USD 200 million Notes issue
SINGAPORE: China South City Holdings Limited has entered into a purchase agreement with UBS, Guotai Junan International, Haitong International, DBS Bank Ltd., HSBC, BOC International, HeungKong Financial and Admiralty Harbour…
Lindy Durrant receives Waldenström award from the Swedish Society of Oncology
LONDON: Scancell Holdings plc, the developer of novel immunotherapies for the treatment of cancer, is delighted to announce that Professor Lindy Durrant, Scancell’s Chief Scientific Officer, is to receive the…
Saudi Arabian Fertilizer Company posts 105.6pc growth in profits
RIYADH: Saudi Arabian Fertilizer Company (SAFCO) has announced a net profit of SAR 1.69 billion for the year ended December 31, 2018, which is 105.6 percent higher than the profit…
Syngene International wins CMO Leadership Award
BENGALURU, INDIA: Syngene International Ltd., an innovation focused global discovery, development and manufacturing organization, announced that it has won the CMO Leadership Awards presented by Life Science Leader magazine. This…
Crazy Romance to be screened in Korea in 2019
SINGAPORE: Spackman Entertainment Group Limited, one of Korea’s leading entertainment production groups founded by media investor Charles Spackman, has announced that its upcoming movie Crazy Romance has completed filming and…
Credit Suisse led consortium to advise on privatization of RLNG power plants
ISLAMABAD: The transparent and appropriately appraised value of privatization of state owned enterprises is one of the major priorities of the current government and shall be successfully undertaken with due…
Court work halted as lawyers resort to boycott
KARACHI: The routine work at city courts, Sindh High Court and other came to grinding halt as the lawyers boycotted the proceedings on Wednesday.The boycott was on a call by…
Younus Dagha posted Secretary Finance Division
ISLAMABAD: The Cabinet Secretariat, Goverment of Pakistan has posted Muhammad Younus Dagha as Secretary Finance Division. “Muhammad Younus Dagha, a BS-22 officer of Pakistan Administrative Service, presently posted as Secretary…
FBR issues summary of sales tax, FED measures introduced vide Finance Supplementary (2nd Amendment) Act
KARACHI: Federal Board of Revenue (FBR) has circulated a brief summary of the sales tax and federal excise duty measures, notified through Finance Supplementary (Second Amendment) Act, 2019, for ease…
Meezan Bank signs pact with Computer Research for new remittance processing system
KARACHI: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan – 2018 has signed a landmark agreement with Computer Research Private Limited (CR-PL)–a trusted Information and Communication…
SMEDA concludes first-ever Skills Olympics of Pakistan
KARACHI: The Small and Medium Enterprises Development Authority (SMEDA) concluded series of the first-ever Skills Olympics of Pakistan, which tested the skills of auto parts manufacturing industry employees. SMEDA and…
Workers remittance counters setup at National Bank
KARACHI: Special Advisor to Prime Minister on Overseas Pakistanis Zulfi Bukhari inaugurated the Workers Remittance Counter at National Bank of Pakistan (NBP) on Wednesday, which would facilitate overseas Pakistanis to…
SECP holds awareness sessions on ease of doing business
ISLAMABAD: The SECP has held a series of awareness sessions in Karachi and Lahore to create awareness about recent reforms introduced for ease of doing business. The participants were apprised…