Bank Al Habib’s earnings remain flat in Q1 2019
KARACHI: Bank Al-Habib Limited (BAHL) unveiled its 1QCY19 ended March 31, 2019 consolidated net earnings at PKR 2.05 billion translating into earning per share (EPS) of PKR 1.85 versus profit…
Shanghai Electric signs MOU with Saudi’s ACWA Power to co-develop global solar projects
DUBAI, UAE – PRNewswire — Shanghai Electric Group Co., Ltd., a leading multinational power generation and electrical equipment manufacturing conglomerate, has signed a Memorandum of Understanding (MOU) to collaborate with…
Health, safety, environment laws available but enforcement too weak
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has said that some of the crucial laws on Health, Safety & Environment have been enacted since 1974,…
K-Electric launches mobile app, web portal for customers
KARACHI: Adding yet another avenue for customer service K-Electric has launched the KE Live app for its consumers. The app, which allows access to a variety of services, is available…
SHC stays auction of imported vehicles
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday stayed auction of hundreds of vehicles scheduled…
Businessmen, traders rush to court as tax collectors raise demands
KARACHI: The appellate bench of High Court of Sindh hearing cases of income tax etc was seized with dozens of fresh petitions against tax departments particularly Sindh Revenue Board which…
SHC orders release of Toyota Surf
KARACHI: A customs appellate bench of High Court of Sindh (SHC) on Wednesday ordered provisional release of a Toyota Surf vehicle while hearing a constitution petition filed by its owner…
25th Senior Management Course participants visit FBR
ISLAMABAD: The trainee officers of 25th Senior Management Course, National Management College, Lahore visited FBR on Wednesday and got a detailed briefing on the functioning and performance of Federal Board…
Pakistan’s overall fertilizer sales decline 6.0% in March 2019
KARACHI: National Fertilizer Development Center (NFDC) released fertilizer data for the month of March 2019 wherein total fertilizer off-takes clocked-in at 540k tons, depicting a decline of 6% YoY.Industry urea…
Photo-Me enters the $154 billion fresh fruit and vegetable juice market
PARIS: Photo-Me International, the instant-service equipment group, has acquired 96% of the issued share capital of SEMPA Sarl, a company incorporated in France which specialises in commercialised self-service fresh fruit…
Gelesis awarded $10.6 million grant to support commercial manufacturing of PLENITY
BOSTON: Gelesis, a biotechnology company at the forefront of developing mechanobiology-based therapies to treat chronic diseases related to the gastrointestinal (GI) system, has received a non-dilutive $10.6 million grant to…
Live Company Group launches Bricklive Ocean, Edinburgh Zoo
LONDON: Live Company Group has announced that it has signed a licence agreement with the Royal Zoological Society of Scotland to exhibit the Group’s latest touring asset, Bricklive Ocean, from…
Valeura announces admission to trading on London Stock Exchange
CALGARY: Valeura Energy Inc., the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey in partnership with Equinor, has announced…
Verditek and Engenera announce framework agreement
LONDON: Verditek plc, and Engenera Renewables Limited have signed a framework agreement to advance commercial opportunities and jointly provide end-to-end solar solutions to clients. Under the agreement the two firms…
Saudi Telecom starts issuance of USD denominated Sukuk
RIYADH: Saudi Telecom Company (STC) has announced the start of offering of the first USD denominated issuance of Sukuk pursuant to its Sukuk program.The final value of the first issuance…
DXB Entertainments to further expand MOTIONGATE Dubai and Bollywood Parks
DUBAI, UAE: DXB Entertainments held its Annual General Meeting, where its shareholders discussed and approved the enhancement of two of its flagship assets MOTIONGATE Dubai and Bollywood Parks Dubai through…
ABS, Google Cloud and SoftServe partner to demonstrate feasibility of AI-enabled corrosion detection
HOUSTON–(BUSINESS WIRE)–ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures.The project successfully…
Tetra Pak discusses future investment with the Ministry of Food
ISLAMABAD: Robert Mack, Director, Public Affairs Europe, Middle East & Africa for Tetra Pak along with Jorge Montero, Chief Executive Officer, Tetra Pak Pakistan called on Federal Minister for National…
US$500 million framework arrangement signed between Pakistan and Republic of Korea
ISLAMABAD: Pakistan and Republic of Korea signed a Framework Arrangement amounting to US$500 Million, here Wednesday. The Ceremony was witnessed by Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister…