Zip Co enters strategic partnership with Amazon
SYDNEY: Zip Co Limited has entered into a strategic agreement with Amazon Commercial Services Pty Limited (Amazon), wherein Zip will be available as a payment option for customers shopping on…
Pengana to acquire stake in Chicago-based Lizard Investors
SYDNEY: Pengana Capital Group Limited has announced intention to acquire a significant stake in Lizard Investors LLC, a Chicago-based asset management firm that specialises in global small to mid-cap equities.…
Fremont to expand Pathfinder oil & gas field by 21% with 5,990 acres acquisition
SYDNEY: Fremont Petroleum Corporation has agreed to acquire a highly prospective oil & gas field covering 5,990 acres that is contiguous to its existing Pathfinder Property in Fremont County, Colorado.…
Quotient Technology to acquire Israel-based Ubimo
MOUNTAIN VIEW–(BUSINESS WIRE)–Quotient Technology Inc. has agreed to acquire Israel-based Ubimo, a leading data and media activation company. Through its demand-side platform (DSP), Ubimo will bring best in-class technology to…
The Good Guys agrees to sell MGM’s SPACETALK in Australia
SYDNEY: MGM Wireless Limited announced that The Good Guys has agreed to sell the SPACETALK children’s all-in-one smartphone, watch and GPS device online through The Good Guys website and in…
Sindh Transmission & Dispatch Company gets license to act a provincial grid company
KARACHI: The National Electric Regulatory Authority (NEPRA) has granted transmission license to Sindh Transmission & Dispatch Company (Private) Limited (ST&DCPL) to act as provincial grid company for the province of…
AM Best affirms credit ratings of Atradius N.V.’s main operating subsidiaries
AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Atradius Crédito y Caución S.A. de Seguros y Reaseguros…
Pakistan Customs Officers Association seeks clarity on the proposed restructuring of FBR
KARACHI: The Pakistan Customs Officers Association has asked the Federal Board of Revenue (FBR) high-ups to share the details/document on restructuring of FBR and proposed formation of Pakistan Revenue Authority…
World Bank team discusses tax regime, circular debt strategy and national tariff policy with Hafeez Shaikh
ISLAMABAD: The World Bank team, in a meeting with Advisor on Finance Dr. Abdul Hafeez Shaikh, discussed areas of harmonization of tax regime, circular debt strategy and national tariff policy…
Korean Reinsurance ratings affirmed at ‘A’ following domestic issuance of subordinated securities
HONG KONG: S&P Global Ratings has affirmed its ‘A’ financial strength and long-term issuer credit ratings on Korean Reinsurance Co. (Korean Re). The outlook is stable. On Oct. 21, 2019,…
Swiss real estate company PPG assigned preliminary ‘B+’ rating; outlook positive
LONDON: The S&P Global Ratings has assigned preliminary ‘B+’ long-term issuer credit rating to Swiss-Based Real Estate Company Peach Property Group AG (PPG) and preliminary ‘BB-‘ issue rating to its…
CPI inflation grows by 11% in October 2019
KARACHI: Consumer Price Index (CPI) for the month of October 2019 grew 11.0% YoY as compared to an increase of 11.4% YoY registered in September 2019. On a sequential basis,…
KE reaffirms commitment towards Karachi with $3 billion investment
KARACHI: K-Electric is committed towards Karachi and its growth with an investment of $3 billion over the next four years including the 900 MW RLNG-based BQPS-III, a 700 MW coal-based…
SECP introduces ‘trading only brokers’ concept for expanding investor base
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that…
Ikram Sehgal resigns from K-Electric’s board
KARACHI: Chairman K-Electric Limited (KE) Board of Directors (BoD) Ikram Sehgal tendered his resignation on Wednesday, which was accepted by the board. Ikram Sehgal had succeeded Tayyab Tareen, who had…
Thar Foundation focuses on Vulture Conservation in Thar
ISLAMABAD: Thar Foundation – the CSR arm of Sindh Engro Coal Mining Company (SECMC) – & International Union for Conservation of Nature (IUCN) along with Baahn Beli, showcased their conservation…
IoBM organizes 3rd Conference on Islamic Banking and Finance Industry leaders discuss the future of Islamic banking in Pakistan
Industry leaders, researchers and practitioners gathered at the Institute of Business Management (IoBM) for the 3rd International Conference on Islamic Banking and Finance (ICIBF) on Wednesday, November 06, 2019. The…
Custom’s actions shaking confidence of importers observes SHC Will not get revenue, business will collapse: SHC observes in contempt application by Jutt Lights
KARACHI: The customs will not get any revenue, rather its actions will force businessmen to shut down, observed a customs appellate bench of High Court of Sindh on Wednesday while…
SDCL Energy completes acquisition of nine cogeneration projects in Spain
LONDON: SDCL Energy Efficiency Income Trust has completed the acquisition, previously announced on 20 September, of a portfolio of nine cogeneration projects in Spain from Sacyr S.A., a leading Spanish…
CMA approves acquisition of Liberty Living Group by The Unite Group
LONDON: The Unite Group plc announced that the UK Competition and Markets Authority (CMA) has unconditionally approved the company’s acquisition of Liberty Living Group plc for total consideration of £1.4…