New Podcast Studios open in New York City
NEW YORK: Audioboom, the leading global podcast company, announced that it has opened two new recording studios, comprising over 1,000 sq. ft. of recording and production space, within its existing…
Freyherr International plans IPO on NEX Exchange
LONDON: Freyherr International Group plc – a profitable, vertically integrated Medicinal Cannabis Company – has prepared a pathfinder Admission Document and has commenced a book building exercise with a view…
WPP agrees to sell Kantar for $4.0bn to Bain Capital
LONDON: WPP Plc has entered into an agreement to sell 60% of Kantar, its global data, research, consulting and analytics business, to Bain Capital. The Proposed Transaction creates a strong…
K-Electric refunds Rs1.2 billion to consumers
KARACHI: As per the National Electric Power Regulatory Authority’s (NEPRA) tariff terms and conditions notified by the Power Division, bank charges and meter rent have been adjusted retrospectively from July…
SECP warns public about illegal activities of Galaxy Typing Jobs
ISLAMABAD: The SECP has noticed that M/s. Galaxy Typing Jobs (SMC-Private) Limited is involved in illegal business activities of taking unauthorized deposits from the public by launching different investment programs…
FPCCI hails constitution of Sindh Industrial Liaison Committee
KARACHI: Engr. Daroo Khan Achakzai, President and Noor Ahmed Khan, Vice President of Federation of Pakistan, Chambers of Commerce & Industries (FPCCI) in a press release issued today have appreciated…
Superintendent SIU Dost Muhammad fears attack by criminals, seeks security
KARACHI: Superintendent SIU Dost Muhammad has sought sufficient security to conduct joint examination of certain consignments at KEPZ, imported by a cartel involved in smuggling and money laundering. In a…
Clearing agent bailed out after arrest
KARACHI: Justice Faheem Ahmed Siddiqui of High Court of Sindh (SHC) on Thursday admitted a clearing agent to bail after arrest against a solvent surety of rupees one million. The…
Customs Adjudication Quetta reluctantly agrees to re-testing of seized kerosene oil consignment
KARACHI: Customs Adjudication Quetta has reluctantly agreed to re-test a seized consignment of white spirit/kerosene oil, provided the samples are tested through some renowned laboratory like M/s HEJ, University of…
Accused in the murder of Deputy Collector Abdul Qudoos is an Afghan national
KARACHI: The investigations into the murder of Deputy Collector Abdul Qudoos are progressing fast, and it has been known that the arrested accused Haji Sadiq Achakzai is an Afghanistan national,…
Customs seizes 1.18kg cocaine
KARACHI: MCC JIAP has foiled a bid to smuggle narcotics into the country and seized Cocaine worth Rs23 million. The Customs staff of MCC JIAP, Karachi, posted at International Arrival,…
Prime Minister Imran Khan visits Karachi to calm down agitated business community
KARACHI: Prime Minister Imran Khan visited Karachi on Wednesday and held series of meetings with the business community perturbed over the excessive taxation, rising cost of doing business and depreciating…
Pakistan’s gas demand to surpass indigenous supply by 4.6bcf by 2022-23
KARACHI: Pakistan is facing shortage of gas supply which will further increase in future, and the gap between the supply and demand is expected to increase to the tune of…
Overseas Pakistanis remit US$21.84 billion during FY19
KARACHI: Overseas Pakistani workers remitted US$21.841 billion during FY19 showing a growth of 9.68% compared with US$19.913 billion received in FY18. During June 2019, the inflow of workers’ remittances amounted…
PIA adds Airbus A320 to its operational fleet
KARACHI: Just after a month PIA adds another aircraft A320 in its fleet which was grounded for more than 13 months, a PIA Spokesperson said. This is the second grounded…
Vanaspati manufacturers demand withdrawal of additional duties, tax on imported edible oil
KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has demanded to abolish additional 5.0 percent custom duty and 3.0 percent value added tax on imported edible oils. Office bearers of the association…
Total divests assets in the UK to Petrogas
PARIS: Total has signed an agreement to divest several UK non-core assets to Petrogas NEO UK Ltd, the exploration and production arm of the Oman-based conglomerate MB Holding. Petrogas has…
Japan Ministry of Economy Trade and Industry strongly endorses DMG Technology
TOKYO: PowerHouse Energy Group, the UK technology company pioneering hydrogen production from waste plastic, is pleased to receive a letter of support from the Japanese Ministry of Economy Trade and…
Tricorn US expansion ahead of plan
LONDON: Tricorn Group plc, the tube manipulation specialist, announced on May 14 2019 that it had extended its capabilities and facilities in the USA with the purchase of a powder…
Government revises amount of foreign currency allowed to be carried abroad
KARACHI: The amount of foreign currency travellers leaving Pakistan can carry without having to declare it has been capped by the age of the traveler, a new advisory issued by…