Date for filing income tax return extended till August 02, 2019
KARACHI: The Federal Board of Revenue (FBR) has extended the date of filing of income tax statements for the tax year 2018 till till August 02, 2019, a statement said…
Annual turnover threshold for cottage industry fixed at Rs3.0 million
KARACHI: The government, vide Finance Act FY 19-20, has amended the definition of cottage industry and now industries having an annual turnover of Rs3.0 million will be considered cottage industry…
ASO Karachi seizes smuggled goods worth Rs44.9 million
KARACHI: Directorate of Customs Intelligence & Investigation Karachi has been quite efficient against smuggling and movement of smuggled goods as the Anti-smuggling Organization (ASO) of the Directorate seized smuggled goods…
Finance Act limits financial assistance to PQA, CAA and NADRA
KARACHI: The federal government has limited the financial assistance in a given year for Port Qasim Authority (PQA), Civil Aviation Authority (CAA) and National Database Registration Authority (NADRA) to the…
Adjudicating authority under Benami Transactions (Prohibition) Act notified
KARACHI: Federal Government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017. A Notification for the appointment of Mr. Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of…
DP World acquires Topaz Energy and Marine Limited for $1.079 billion
DUBAI: DP World PLC announced the acquisition of 100 percent of Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity / Affirma Capital (SCPEL) for…
Ricardo expands energy & environment business in Australia
SYDNEY: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, has signed a share purchase deed to acquire the entire share capital of PLC Consulting Pty Ltd, an…
LEKOIL signs MoU with Schlumberger and major international oil company
LONDON: LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, announced the Otakikpo Joint Venture (JV) between Green Energy International…
CentralNic to acquire Hexonet for up to €10 million
LONDON: CentralNic Group PLC, the global internet platform that derives revenue from the subscription sales of internet domain names, has entered into a conditional agreement to acquire all shares in…
Carr’s Group acquires NW Total Engineered Solutions for £9.6 million
LONDON: Carr’s Group, the Agriculture and Engineering Group, announced the acquisition of the entire issued share capital of NW Pump & Valve Limited, the holding company of NW Total Engineered…
UK’s first prestige CBD wellness chain launched
LONDON: Sativa Group Plc, the UK’s leading quoted medicinal cannabis and wellness cannabidiol (CBD) Group with two fully trading UK businesses, added a third on Saturday 29th June with the…
Staminier acquires stake in Development Land and acquires majority interest in Eco-friendly Housebuilder
LONDON: The Board of Staminier has established a new subsidiary, Eco-Space 41 Ltd in order to acquire the business and assets of a low cost, fast build and energy efficient…
Mitsui signs agreement for equity participation into Arctic LNG 2 project in Russia
TOKYO: Mitsui & Co. Ltd. has signed an agreement to enter into a share purchase agreement with PAO Novatek, a leading Russian company engaged in the production and sale of…
Lonza to acquire Sterile Fill and Finish Facility from Novartis
BASEL, SWITZERLAND: Lonza Pharma & Biotech has announced its entry into a binding contractual commitment for the purchase of a sterile drug product fill & finish facility from Novartis. The…
Fitch affirms GFH’s rating at ‘B’ with a stable outlook
DUBAI: GFH Financial Group notified that Fitch Ratings, the international credit rating agency, has affirmed its Long-and Short-Term Issuer Default Rating (IDR) at ‘B’ with the Outlook on the Long-Term…
Al Hilal and Emaar sign 5-year partnership
DUBAI: The Board of Directors of Al Hilal Club, headed by Fahad Bin Saad bin Nafal, signed an agreement with Emaar Properties to be the strategic partner of Al Hilal…