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’…
Certified Investor Relations Program to be rolled-out under the Investment Academy umbrella
MANAMA, BAHRAIN: Middle East Investor Relations Association (MEIRA) and the Bahrain Institute of Banking & Finance (BIBF) in the presence of MEIRA Bahrain Chapter Head, signed an agreement to roll-out…
SBP governor says prior actions taken to secure IMF loan
KARACHI: Pakistan has fulfilled all the commitments made with the IMF for a $6 billion loan programme and the Fund’s executive board would take a decision on bailout package during…
Mitsui Group seeks to invest in Pakistan’s fisheries sector
ISLAMABAD: Mitsui & Co expressed intention to invest big in Pakistan’s fisheries sector, as Japan wants a bigger investment footprint in Pakistan. Executive Vice President and Chief Operating Officer (COO)…
New axle load regime to increase transportation costs by 80 percent
KARACHI: Pakistan Ships’ Agents Association (PSSA) has criticized the implementation of the new axle load regime saying it would do more damage than good under the current situation and result…
UNISAME seeks sales tax exemption for export oriented SMEs
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged Adviser on Finance Dr Abdul Hafeez Shaikh to grant sales tax exemption at import stage to small and medium…
Reon energises 12.5 MW solar project at Fauji Cement Company
KARACHI: Reon Energy Limited Monday announced the commissioning of its latest 12.5 MW captive solar power project at Fauji Cement Company Limited (FCCL) in Jhang Bahtar, Punjab. The proposed move…
SHC stays auction notice, pre-admission notice issued for July 08
KARACHI: The auction notice issued by the Model Customs Collectorate, East to Humak Engineering Private Limited was suspended here on Monday by a customs appellate bench of High Court of…
KCCI advocates importers demand to defer legislation for three months
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda, while referring to the unrealistic legislation implemented through the Finance Bill 2019-20 which pertains to submitting CNIC along…
Over 30 countries to participate in POGEE 2019
KARACHI: The 17th International exhibition for oil, gas & energy industry-POGEE-2019, is to be scheduled from 20th to 22th, June, 2019, at Expo Centre, Karachi with 30 countries to participate…
Customs authorities stop holding auction of confiscated smuggled vehicles
KARACHI: Chief Collector Quetta Chaudry Zulfiqar in consultation with Collector Preventive Collector Dr. Iftikhar has stopped the auction of confiscated smuggled (non customs duty paid) vehicles to discourage the self-designed…
ITMinds Limited and Faysal Asset Management Limited sign agreement for outsourcing Back Office Accounting Services
Karachi: Faysal Asset Management Limited (FAML) and ITMinds Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited, have signed an agreement enabling ITMinds to provide Back Office…
Poorly performing solutions costing businesses millions a year
LONDON: Actual Experience plc, the analytics-as-a-service company, has published a white paper detailing the potential significant cost to businesses of poor digital quality, entitled “The Economic Consequences of an Unmeasured…
Fiducian to acquire MyState’s financial planning business
SYDNEY: Fiducian Group Limited and MyState Limited have entered into a sale and purchase agreement for the acquisition of MyState’s retail financial planning business. Under the agreement, Fiducian will pay…
Straker continues its European expansion with the acquisition of On-Global Language Marketing
AUCKLAND: Straker Translations Limited, a leading global technology driven translation services platform, has acquired Spanish translation company On-Global Language Marketing S.L. in a combined cash and share deal worth NZ…
Keytone Dairy to acquire Omniblend for $22.6 million
SYDNEY: Keytone Dairy Corporation Limited has entered into a binding conditional agreement to acquire 100% of the shares in Omniblend Pty Ltd for $22.6 million plus an earn-out. The transformational…
Monex launches financial instruments intermediary services to customers of TOMONY Holdings
TOKYO: Monex Inc. has concluded a consignment agreement with The Tokushima Bank and Kagawa Bank in respect of financial instruments intermediary services. Starting Monday, June 17, 2019, Monex provides access…
Uniphar Plc plans to raise €150 million by placing new shares on London Stock Exchange
LONDON: Uniphar plc, a diversified healthcare services business, headquartered in Ireland, today announces its intention to raise up to €150 million by placing new ordinary shares and to seek admission…
Mining and processing operations restart at the Youga Gold Mine
TORONTO, CANADA: Avesoro Resources Inc., the West African gold producer announced that, subsequent to its announcement of June 12, 2019, negotiations have now successfully concluded between the company’s proposed open…