FPCCI concerns over the high policy rate maintained by SBP
Mian Anjum Nisar, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed serious concern over the SBP unchanged policy rate which is at the highest in…
Zameen.com ready to hold Karachi Expo on February 1 and 2
Federal Minister for Maritime Affairs Ali Zaidi will inaugurate Karachi Expo on Feb1 “Expo to benefit real estate industry as a whole,” says Zameen.com CEO Zeeshan Ali Khan KARACHI: Pakistan’s…
Subsea Integration Alliance awarded FEED contract offshore Brazil
LUXEMBOURG: Subsea 7 S.A. announced the award to Subsea Integration Alliance of an exclusive contract by Equinor for the Front End Engineering Design (FEED) study on its Bacalhau (formerly Carcará)…
Skandi Vitoria awarded a contract with TechnipFMC
OSLO: The Brazilian built pipelay support vessel (PLSV) Skandi Vitoria, owned by the joint venture between DOF Subsea (50%) and TechnipFMC (50%), has been awarded a contract with TechnipFMC. The…
Renew Holdings acquires Agger Limited, certain assets of Adger Limited for £38 million
LONDON: Renew Holdings plc, the Engineering Services Group supporting UK infrastructure, announced the acquisition of 100% issued share capital of Agger Limited, the parent company of Carnell Support Services Limited…
DSI files new criminal complaints against Khaldoun Tabari and family
ABU DHABI: The Abu Dhabi Public Funds Prosecutor is investigating new criminal complaints filed by Drake & Scull International PJSC (DSI) against its former Chief Executive Officer and Vice Chairman…
Pre-admission notices issued for Feb 06 in tyres case
KARACHI: Pre-admission notices were issued for Feb 06 in a petition filed by Mian Shafique International, importers of tyres for construction vehicles including heavy dumpers etc. The petitioner moved the…
Supreme Court suspends order of SHC, grants leave to appeal Indian sugar for Afghanistan
ISLAMABAD: A full bench of Justice Umar Ata Bandial, Justice Faisal Arab and Justice Mazhar Alam Khan Miankhel suspended a judgment of a division bench of High Court of Sindh…
BASF increases prices in Pakistan, ASEAN and South Asia
KARACHI: With immediate effect, or as contract terms allow, BASF will increase prices for its Lupranate® MDI (Methylene Diphenyl Diisocyanate) basic products by $200 per metric ton in ASEAN and…
SHC to hear arguments from Shipbreakers side on Feb 19 Petition by Association of Steel Melters, Re-Rollers
KARACHI: A constitution petition filed on behalf of steel scrap melters, re-rollers was heard here on Wednesday. Naveen Merchant Salim advocate representing petitioners continued her arguments. Opening the arguments today…
SECP proposed amendments in the AML/CFT Regulations, 2018
ISLAMABAD: January 29: The Securities and Exchange Commission of Pakistan (SECP), to further strengthen SECP’s AML/CFT regime, has proposed certain amendments in the Anti Money Laundering and Countering Financing of…
Valvoline 300 Gas Engines Celebration
KARACHI: Valvoline 300 Gas Engines Celebration was held here at PAF Museum earlier today chaired by OES shareholders Mr Azhar Iqbal, Mr. Nasim Ahmed, Mr Muhammad Saeed and Mr Jawaid…
WOQOD opens 101st petrol station
DOHA: As part of WOQOD’s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel Company (WOQOD) opened Al Nigyan petrol station, on Al Majd Road,…
BSE registers record turnover on the 2nd day of trading in Brent Crude Oil futures contract
MUMBAI: BSE India, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, made a stellar debut in in Brent Crude Oil futures trading. On the…
Ryanair accepts mediator recommendations on 4 year CLA with Irish pilots
LONDON: Ryanair Holdings Wednesday confirmed that it had accepted before Christmas the recommendations of independent mediator Mr Kieran Mulvey on a 4 Year Collective Labour Agreement (CLA) with the pilot…
APQ Global acquires Guernsey incorporated non-cellular limited company, Parish Group
LONDON: APQ Global, an emerging markets’ growth company based in Guernsey, has acquired the entire issued share capital of Parish Group Limited, a Guernsey incorporated non-cellular limited company. Parish is…
SBP extends scope of long term financing facility to all permissible export oriented sectors
KARACHI: State Bank of Pakistan (SBP) has announces measures to facilitate export–oriented sectors and manufacturing concerns and extended the scope of Long Term Financing Facility (LTFF) to cover all permissible…
Telenor Microfinance Bank signs agreement with Ndctech to upgrade core Banking System
KARACHI: Telenor Microfinance Bank (TMB), Pakistan’s leading microfinance bank has signed an agreement with NdcTech, a partner of Temenos. With this agreement, the Bank is upgrading its core banking system…
SHC refers dispute to Classification Committee Pre-admission notice issued in paper case
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Tuesday referred a dispute over classification to Classification…
Central bank keeps interest rate unchanged at 13.25pc
KARACHI: The State Bank of Pakistan has decided to keep the interest rate unchanged at 13.25%, SBP Governor Reza Baqir announced Tuesday. Speaking at a press conference in Karachi, Baqir…