Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on April 12, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs141.36 and Selling at Rs141.46.…
UK businessmen offer PIA an aircraft for flights to UK
KARACHI: UK Pakistan Chamber of Commerce & Industry has offered PIA an aircraft for flights to UK. The offer was made by the UKPCCI’s Board of Directors during a meeting…
Political bickering ruins city of lights: How Karachi can be run prudently ponders Supreme Court
KARACHI: Worried over future of Karachi amid financial bankruptcy of Karachi Metropolitan Corporation (KMC), a bench of Supreme Court of Pakistan comprising Justice Maqbool Baqar and Justice Sajjad Ali Shah…
SHC summons Additional Collector, PMBQ in mis-declaration case
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Friday ordered Additional Collector, Pakistan Customs, Port Muhammad…
Envoy advises business community to set up units, undertake JVs in Kazakhstan
KARACHI: Ambassador of Kazakhstan Barlybay Sadykov has advised the business and industrial community of Karachi to look into the possibility of setting up their business units in Kazakhstan which offers…
Amazon provides robotics rants to 100 schools to inspire next generation of computer scientists
SEATTLE–(BUSINESS WIRE)–Amazon and FIRST today announced that 100 schools serving students from underrepresented and underserved communities from across the country will receive an Amazon Future Engineer Robotics Grant to inspire…
World’s largest business organization partners with Perlin for blockchain adoption
SINGAPORE–(BUSINESS WIRE)–As part of its 100-year anniversary, the International Chamber of Commerce (ICC) has unveiled a global initiative in collaboration with leading distributed ledger firm Perlin to support its vast…
ADES International secures new contracts in Algeria
DUBAI: ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured two new contracts for its…
National Express acquires majority stake in Silicon Valley’s premier employee shuttle company
LONDON: National Express Group PLC has acquired 60 percent of the shares of WeDriveU Holdings Inc., Silicon Valley’s premier employee shuttle company, against a cash consideration of US$84.3 million. WeDriveU…
Pest control merger may raise competition issues: CMA
LONDON: The Competition and Markets Authority (CMA) has found that Rentokil Initial’s takeover of Mitie Pest Control may restrict choice and lead to higher prices for customers. Market leader Rentokil…
Integumen plc agrees to acquire RinoCloud for £3.0 million
DUBLIN: Integumen plc, has conditionally agreed to acquire the entire issued share capital of RinoCloud Limited, an integrated scientific data management services company, for £3.0 million, by the issue of…
Vedanta Resources raises US$ 1 billion dual tranche bond through wholly owned subsidiary
LONDON: Vedanta Resources Limited, through its wholly owned subsidiary, Vedanta Resources Finance II plc has raised US$ 1 billion through bonds sold in two tranches resulting in blended average cost…
HGC acquires Intellectual Property Rights for £4.0 million
LONDON: High Growth Capital (HGC) has announced the acquisition of all existing and in-development IPR from BDD, a company that was incorporated under the laws of Malta in 2018, for…
Attock Petroleum’s profits decline 80 percent
KARACHI: Attock Petroleum Limited (APL) unveiled its 3QFY19 ended March 31, 2019 financial results with profit after tax at Rs 284 million (EPS Rs2.86) versus Rs1.453 billion (EPS Rs14.60) in…
High Growth Capital to increase shareholding in Sentiance N.V
LONDON: High Growth Capital Plc (HGC) has announced that agreement has been reached in principle to acquire an additional 5.0% of the current issued share capital in Sentiance N.V, the…
ACROMEC’s core business adds S$6.75 million contract to order book
SINGAPORE: ACROMEC Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, pharmaceutical, biomedical science, research and academia, and electronics sectors, announced that…
India’s SpiceJet to induct 16 Boeing 737-800 aircraft
GURUGRAM: SpiceJet, India’s favourite carrier, will induct 16 Boeing 737-800 NG aircraft on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection…
IndusInd Bank launches a campaign to celebrate turning ‘#Just25’
MUMBAI: IndusInd Bank has announced the launch of a multimedia campaign to commemorate the completion of the Bank’s journey of 25 years. Christened ‘#Just25’, the all new campaign takes inspiration…
Vodafone launches Kids Planet
BANGALORE: Vodafone Spain in association with OnMobile Global Limited has introduced Kids Planet, an entertainment app with over 3,000 contents from Sanrio, Planeta Junior, Highlights for Children, Lingo Kids, Motion…
CCP imposes Rs18 million penalty on electric cable manufacturers for deceptive marketing practices
ISLAMABAD: The Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of PKR 18 Million on 18 electric cable manufacturers for violating Section 10 of the…