Smugglers attack deputy collector of customs
QUETTA: According to the news in the wee hours of Wednesday night the Deputy collector Preventive Quetta Customs Dr. Abdul Qudoos Sheikh along with Inspector Ghulam Hussain Khoso after carrying…
ACSL to expand business footprints into Southeast Asia
CHIBA, JAPAN: Autonomous Control Systems Laboratory Ltd. (ACSL) announced to expand business footprints into Singapore and Southeast Asia with cooperation from Leave a Nest Co., Ltd. and Leave a Nest…
Mirada offloads Mirada Connect Limited to PayByPhone
LONDON: Mirada plc, a leading provider of integrated software solutions for digital TV operators and broadcasters, has sold its payment solutions provider business, Mirada Connect Limited, for a cash consideration…
Westminster Group forms new strategic alliance with Gulf Aviation Academy, Bahrain
LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has entered into a strategic alliance agreement with the Gulf Aviation Academy of Bahrain (GAA)…
Aquis Exchange announces acquisition of NEX Exchange
LONDON: Aquis Exchange Plc, the exchange services group that operates pan-European cash equities trading businesses and develops and licenses exchange software to third parties, has agreed to acquire NEX Exchange…
Neste to divest its fuel retail business in Russia and sell it to PJSC Tatneft
LONDON: Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of…
PVC margins are at an 8-year high
KARACHI: During June 2019, Polyvinyl Chloride (PVC) margins went up by 28.6% MoM to USD 513/ton. However, Purified Terephthalic Acid (PTA) and Polyester Staple Fiber (PSF) margins registered a decline…
Profit rates on savings schemes raised by up to 2.3 percent
KARACHI: The government on Thursday increased profit margins on all national savings schemes (NSS) by up to 2.3 percent to bring the NSS rates in line with recent hike in…
Pakistan, Iran agree on resuming ferry service, establishing shipping link to increase trade
ISLAMABAD: Pakistan and Iran have expressed readiness to resume ferry service between the two countries while establishing shipping service is also under consideration. An Iranian delegation headed by Reza Rahmani,…
Government and SSGC serious in controlling the menace of gas theft: Special Assistant to PM
KARACHI: Nadeem Babar, Special Assistant to the Prime Minister of Pakistan on Petroleum held wide ranging talks with the SSGC management on the menace of gas theft and the measures…
KTBA seeks clarification about acceptability of declarations filed after banking time on July 03
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday sought a clarification from Federal Board of Revenue about the acceptability of the declaration filed under the Asset Declaration Ordinance, 2019. In…
K-Electric reports PKR 10.4 billion profit for the FY2017
KARACHI: The Board of Directors of K-Electric Limited in its meeting held on July 04, 2019 at KE head office, approved the Company’s financial results for the year ended 30…
KCCI urges government to restore zero-rated regime for export oriented industries
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has expressed deep concerns over the problems being faced by the industries across Pakistan after the withdrawal of…
FBR advises Customs to assess consumer goods at retail price
KARACHI: The Federal Board of Revenue (FBR) has advised all Collectors of Customs that items listed in the Third Schedule to the Sales Tax Act, 1990 will also be assessed…
Dentsu announces agreement to acquire Ambient Digital Vietnam
TOKYO: Dentsu Inc. announced that its global business headquarters Dentsu Aegis Network Ltd. has reached an agreement to acquire a 100% stake in Ambient Digital Advertising Service Company Limited Vietnam.…
Directorate General of Transit Trade redistributes work among officers
KARACHI: Directorate General of Transit Trade Karachi has notified redistribution of work among Deputy/Assistant Directors with immediate effect. Accordingly, Deputy Director Iqbal Ahmed Memon is assigned Examination & Auction and…
MCC Port Qasim redistributes work among Appraising Officers
KARACHI: MCC Port Qasim has notified redistribution of work among Appraising Officers with immediate effect. Muhammad Aftab Iqbal is moved from Group-III, FTA Cell to Group-I, FTA Cell. Syed Irshad…
Dentsu acquires Davanti in New Zealand and Australia
TOKYO: Dentsu Inc. announced that its global business headquarters Dentsu Aegis Network Ltd., has acquired a 100% stake in Davanti Consulting Ltd., a digital technology consulting company based in New…
Empresaria increases holding in Consol to 852.5pc
LONDON: Empresaria, the international specialist staffing group, announced the cash acquisition of a further 17.5% interest in a subsidiary, ConSol Partners (Holdings) Limited, taking its total investment to 82.5 percent.…
Paynet and Payserv sue Bankers Association of Zimbabwe for US $100 million
LONDON: Cambria announced that further to its announcement of 12 June, Payserv Africa Limited and Paynet Zimbabwe (Pvt) Ltd have instructed their legal practitioners in Zimbabwe, Titan Law, to commence…