Production of vehicle ordered
KARACHI: The production of a Wrangler jeep before the Nazir of the High Court was ordered on Wednesday by a custom appellate bench of High Court of Sindh comprising Justice…
SHC orders deblocking of bank accounts of local purchasers
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday ordered de-blocking of the bank accounts of two…
Aura Energy produces first Yellow Cake during testwork phase
MELBOURNE: Aura Energy Limited has announce that as part of the Tiris Uranium Project Definite Feasibility Study (Tiris DFS) it has produced its first samples of yellowcake product. Importantly, the…
Customs to automate forex updates in WeBOC
KARACHI: The government on Wednesday decided to abolish the manual procedures of the customs department to feed daily exchange rate into its in-house system to determine import tariffs. Customs officials…
Drug firms accused of illegal market sharing over anti-nausea tablets
LONDON: The Competition and Markets Authority (CMA) has provisionally found that four pharmaceutical companies broke the law by agreeing not to compete in the supply of an anti-nausea drug in…
DP World led JV acquires 76% stake in Kribhco Infrastructure Limited (KRIL) in India
DUBAI, UAE: Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced the acquisition of a 76% stake in KRIBHCO…
Serco Group signs agreement to acquire leading US defense business
LONDON: Serco Group, the international service company, has announces that it has entered into a definitive Asset Purchase Agreement to acquire for $225 million the Naval Systems Business Unit (NSBU)…
Pacific Star Development liquidates aluminum business
SINGAPORE: The Board of Directors of Pacific Star Development Limited informed the shareholders that the Group intends to discontinue its aluminum business division, which is currently undertaken by two wholly-owned…
Wesfarmers and Kidman enter into Scheme Implementation Deed
PERTH, AUSTRALIA: Wesfarmers Limited has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited confirming the terms of Wesfarmers’ proposal announced on 2 May 2019 to acquire 100…
The Bank of East Asia appoints co Chief Executives
SINGAPORE: The Board of Directors of The Bank of East Asia Limited announces that Sir David LI Kwok-po will step down from his day-to-day role as Chief Executive of the…
Bahrain Bourse implements smaller tick size framework
MANAMA, BAHRAIN: In accordance to the best international standards & global practice, and as part of its efforts to enhance market liquidity, Bahrain Bourse announced the implementation of a new…
Arabtec Construction awarded AED 219 million Navin Minar project in India
DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, has announced that its wholly owned subsidiary, Arabtec Construction has been awarded an AED 219 million project…
FBR to launch crackdown on unregistered industrial, commercial consumers of gas and electricity
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi has advised industrial and commercial consumers of gas and electricity to get registered with sales tax authorities, as a…
MCC JIAP seizes heroin powder worth Rs10.4 million
KARACHI: MCC Jinnah International Airport (JIAP) has foiled a bid to smuggle narcotics abroad and arrested the accused. Information was passed through Deputy Collector Muhammad Faisal and subsequently MCC JIAP…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on May 22, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs150.90 and Selling at Rs152.30.…
Newcrest commences drilling at Havieron gold-copper project in Australia
SYDNEY: Greatland Gold plc, the precious and base metals exploration and development company, has announced that Newcrest Operations Limited has commenced drilling at Greatland’s Havieron gold-copper project in the Paterson…
dotdigital completes Comapi CPaaS technology integration
LONDON: dotdigital Group plc, the leading ‘SaaS’ provider of an omnichannel marketing automation and customer engagement platform, is pleased to announce that it has successfully completed the integration of the…
Paolo Dal Pino appointed CEO of Telit Communications
LONDON: Telit Communications, a global enabler of the Internet of Things (IoT), has appointed Paolo Dal Pino Chief Executive Officer and Simon Duffy Non-Executive Chairman, both with immediate effect. Paolo…
Foreign direct investment flows to Pakistan decline 52% in ten months
KARACHI: Foreign direct investment (FDI) dropped 52% to $1.37 billion in first 10 months (Jul-Apr) of the current fiscal year due to spread of economic uncertainty. The FDI had been…
Establishment of Chugai Life Science Park Yokohama and relocation of research laboratories
TOKYO: Chugai Pharmaceutical Co., Ltd. has announced the decision to construct a core research laboratory, Chugai Life Science Park Yokohama, at a business site owned in Yokohama, Kanagawa Prefecture. In…