IAG signs letter of intent with Boeing for 200 B737-8 & B737-10
LONDON: International Airlines Group (IAG) has signed a letter of intent with Boeing for 200 B737 aircraft to join its fleet. The LOI is subject to formal agreement. The mix…
Gwadar to be made a smart port city
ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has underscored that Gwadar will be transformed into a developed and smart port city of international standards with effective…
Chairman FBR forms committee to identify, remove anomalies in Finance Bill 2019
KARACHI: The Chairman Federal Board of Revenue (FBR), Syed Shabbar Zaidi has constituted an Anomaly Committee in order to identify and remove the technical and legal anomalies in the Finance…
Pakistan signs $918 million financing agreements with World Bank
ISLAMABAD: Pakistan has signed three major financing agreements worth US $ 918 million with the World Bank. These agreements have become effective immediately. US $ 400 million is support in…
Italian Trade Commissioner urges Pakistan’s business communities to go extra mile
KARACHI: Trade Commissioner of Italian Trade Agency (ITA) Gianpaolo Bruno has said that Pakistan’s population of more than 200 million clearly indicates huge potential that needs to be exploited therefore,…
SECP to reduce outflow of foreign exchange pertaining to reinsurance business
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), held a roundtable to discuss measures to reduce outflow of foreign exchange pertaining to reinsurance business through optimizing local risk retention.…
MCC Appraisement West reassigns Principal Appraisers
KARACHI: MCC Appraisement West has notified transfers and postings of Principal Appraisers and officiating Principal Appraisers. PA Ahmad Nawaz is assigned One Customs in addition to Group VI. PA Zafar…
MCC Appraisement West reassigns Additional Collectors
KARACHI: MCC Appraisement West has reassigned work among Additional Collectors with immediate effect and until further orders. Additional Collector-I Muhammad Saeed Wattoo is assigned Group-II (Ch. 28-38), Group-III (Ch. 39-49),…
Macmahon to acquire specialist underground contractor GBF Group for $48 million
SYDNEY: Macmahon Holdings Limited has executed a binding agreement to acquire 100% of GF Holdings (WA) Pty Ltd and its subsidiaries (collectively referred to as the GBF Underground Mining Group)(GBF).…
Murray River Organics’ China Export Strategy gains momentum
SYDNEY: Murray River Organics (MRG) announced an update on the further strengthening of its China export strategy, through a strategic partnership with an existing customer in the Chinese food industry.…
NCCPL launches centralized Know-Your-Customer organization functions
KARACHI: Another milestone achieved – National Clearing Company of Pakistan Limited (NCCPL) is pleased to announce that as a Centralized Know Your Customer “KYC” Organization “CKO” licensed under the Centralized…
Global Invacom acquires assets and IP from Apexsat
SINGAPORE: Global Invacom, a global provider of satellite communications equipment, has acquired the technology of the Apexsat group of companies on 17th June 2019. This includes the assets and intellectual…
Centurion to become first African law firm to be listed on London Stock Exchange
JOHANNESBURG: Centurion Law Group is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares to join one of Europe’s leading…
Total’s Pangea III supercomputer ranked first in industry worldwide
PARIS–(BUSINESS WIRE)– Total has brought on line its new Pangea III supercomputer, multiplying the Group’s computing power by almost 5 to 31.7 petaflops1 (equivalent to 170,000 laptops combined) and tripling…
US Solar Fund enters exclusivity to acquire 90 MW solar portfolio from Cypress Creek Renewables
LONDON: US Solar Fund plc (USF), a newly established investment company focused on investing in solar power assets primarily in the United States, entered exclusivity with US-based solar developer Cypress…
Pfizer to acquire Array BioPharma for a total enterprise value of $11.4 billion
NEW YORK: Pfizer Inc. and Array BioPharma Inc. announced that they have entered into a definitive merger agreement under which Pfizer will acquire Array, a commercial stage biopharmaceutical company focused…
SGX welcomes TrickleStar Limited to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed TrickleStar Limited to its Catalist under the stock code “CYW”. TrickleStar Limited opened at S$0.265 on Tuesday. TrickleStar Limited designs and supplies affordable, simple…
Al Kathiri Holding secures SAR 23.2 million financing for its three-dimensional concrete panels plant
RIYADH: Al Kathiri Holding Co. has announced that Alian Industrial Company received the initial approval from Saudi Industrial Development Fund to finance the construction of the factory of construction technology…
Al Mazaya Holding signs KD 41.54 million Islamic financing facility
DUBAI: Al Mazaya Holding Company has signed an Islamic financing agreement with one of the Kuwaiti banks with total amount of KD 41.54 million to be used in refinancing and…
FBR receives account holders’ data from banks
KARACHI: All the banks have provided all the information about their account holders to the Federal Board of Revenue (FBR), for which Chairman Syed Shabbar Zaidi has thanked the banks’…