Restructuring of FBR: Shabbar Zaidi forms Consultative Committees
KARACHI: In order to address the concerns of officers and officials of Federal Board of Revenue (FBR), and to make restructuring of FBR a more inclusive exercise, the Chairman FBR…
SHC stays recovery of stamp duty from Unilever Pakistan
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Friday restrained Sindh Chief Inspector, Revenue from recovery of…
Clearing agent gets protection against harassment by Customs
KARACHI: The owner of Mayo Enterprises, a clearing agent which served the importers of LED lights, parts and chandeliers get protection on Friday when a custom appellate bench of High…
SpareBank reports a net profit of NOK526.5 million from ordinary operations
OSLO: The SpareBank 1 BV Group has reported a net profit from ordinary operations before losses of NOK 526.5 million. Earnings after tax were NOK 426.2 million, which represents 1.50%…
IMF completes €31.18 million acquisition of Omni Bridgeway
SYDNEY: IMF Bentham Limited has completed the acquisition of Omni Bridgeway Holding B.V. and has made the completion payment of €31.18 million to the Omni Bridgeway shareholders. It is believed…
Biotron enters $5.1 million underwriting agreement with Gleneagle Securities
SYDNEY: Biotron Limited has entered into an Option Underwriting Agreement with Gleneagle Securities (Aust) Pty Ltd. Under the Agreement, Gleneagle will underwrite any shortfall arising from 103.098 million listed options…
Target Healthcare eight care homes and 31 retirement apartments for £81.3mn
LONDON: Target Healthcare has agreed to the acquisition of eight care homes and 31 retirement apartments, in four separate transactions, for a total consideration of £81.3 million including transaction costs.…
Envoy asks KCCI to send business delegation to Sri Lanka
KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while suggesting numerous measures for enhancing trade and investment ties between Pakistan and Sri Lanka, asked the Karachi Chamber of Commerce…
UAE, Malaysia refuse to share information of assets owned by Pakistanis
ISLAMABAD: FBR Chairman Shabbar Zaidi admitted before the parliamentarians on Thursday that the money remitted out from Pakistan and creation of any assets abroad could not be termed “illegal” as…
S&P affirms ‘above average’ rankings on Link Mortgage Services
LONDON: S&P Global Ratings has affirmed its ‘Above Average’ rankings on Link Mortgage Services Ltd. (LMSL) as a primary and special servicer of residential mortgages and as a primary servicer…
AM Best affirms credit ratings of Fubon Insurance Co.
HONG KONG: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Fubon Insurance Co., Ltd. of Taiwan). The outlook…
DEUTZ AG posts 53.7% growth in net income
COLOGNE: DEUTZ AG, one of the world’s leading manufacturers of innovative drive systems, recorded further growth in revenue and earnings in the first nine months of 2019, as net income…
KRM22 partners with deltaconX
LONDON: KRM22 plc has partnered with deltaconX, a provider of regulatory reporting services for European financial, energy and commodity trading organisations. KRM22 is the technology and software investment company that…