Sistema rating raised to ruA by Expert RA
MOSCOW: Sistema PJSFC, a publicly traded diversified Russian holding company, announced that the RAEX (Expert RA) rating agency has raised Sistema’s credit rating from ruA- to ruA. The outlook for…
FATF Cell setup at Chairman FBR’s office in Islamabad
KARACHI: The Federal Board of Revenue (FBR) has formed Financial Action Task Force (FATF) Cell in the office of Chairman FBR to ensure effective and timely completion of FATF related…
Container terminals ordered to stop charging $5 container scanning fee
KARACHI: The Ministry of Maritime Affairs has advised Port Qasim Authority (PQA) and Karachi Port Trust (KPT) to ensure discontinuation of charging of container scanning charges of $5/container by private…
KPT IS LIABLE TO PROPERTY TAX: SHC HEARS PETITION BY SINDH REVENUE BOARD
KARACHI: An appellate bench of High Court of Sindh (SHC) on Wednesday adjourned hearing of a Special Sales Tax Reference Application filed by Sindh Revenue Board against Karachi Port Trust.…
SHC hears petition against tax demand
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday deferred hearing in a petition against tax demand…
Pakistan Customs to start 24/7 Customs clearance at Chaman station
KARACHI: The Federal Board of Revenue (FBR) has planned to open Customs clearance at Chaman border 24/7 to facilitate and promote bilateral trade between Pakistan and Afghanistan. Earlier this month,…
Amryt Pharma completes acquisition of Aegerion Pharmaceuticals
LONDON: Amryt Pharma, a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare and orphan diseases, announced that Amryt has…
Daiwa applies to establish joint securities company in China
TOKYO: Daiwa Securities Group Inc. (Daiwa) has applied to the China Securities Regulatory Commission (CSRC) to establish a joint venture (JV) securities firm in China. On November 1, 2018, Daiwa…
IEnova executes two long term energy supply contracts
MEXICO CITY: Infraestructura Energética Nova (IEnova), informs the execution, through one of its subsidiaries, of two 15-year, clean energy supply contracts with Comercializadora Círculo CCK, S.A. de C.V. and subsidiaries…
Accredited’s growth momentum continues following A.M. Best rating affirmation
FLORIDA: Accredited Surety & Casualty Company, Inc. (ASC), the Florida-headquartered US insurance company that is licensed to write admitted P&C business throughout the US, has had its A.M. Best Group…
Hague and London Oil to acquire assets in Dutch & UK Southern North Sea
LONDON: Hague and London Oil plc (HALO), has announce the proposed acquisition of several assets in the Dutch & United Kingdom (UK) sectors of the North Sea from ONE-Dyas BV…
Domty signs loan contract with Commercial International Bank
LONDON: Arabian Food Industries Company Domty signed a medium-term loan contract with The Commercial International Bank (CIB-Egypt), whereby the bank allows Domty to obtain a loan of up to 100…