Business
Business
Dutch company all set to buy Engro Foods for an estimated $460 million
A Dutch dairy cooperative is gearing to buy out the Pakistani food giant Engro Foods Limited with an investment of around $460…
PSO gets green signal for Pakistan Refinery shares acquisition
The Competition Commission of Pakistan (CCP) has given its nod to Pakistan State Oil (PSO) for acquisition of shares in Pakistan Refinery…
External debt declared around $15b below IMF figures
Amidst increasing fears over the government’s move to hide its actual debt burden, the government claimed earlier yesterday that external public…
Islamabad: 5 plazas to be built along metro route
The federal capital Islamabad’s civic agency has opted to construct five “park and ride” plazas at different locations of Blue Area,…
Hashoo Group completes acquisition of BHP Billiton’s operations
The Hashoo Group has announced that it has formally acquired the oil and gas exploration company BHPL, which used to be part of…
NEPRA reduces power tariff by Rs4.11 a unit
The country’s top power regulator approved earlier yesterday a sharp Rs4.11 per unit cut in electricity tariff for consumers of…
Trade with Sri Lanka: Pakistan to ship electric fans worth $50,000
GFC Fans, one of the leading electric fan manufacturers in the country, will be shipping fans worth $50,000 to Sri Lanka, the…
Tunisian envoy hopes to sign trade agreement with Pakistan soon
The Tunisian Ambassador Adel Elarbi has expressed the hope that a 'preferential trade agreement' will be signed with Pakistan later…
Govt diverts gas supply to Engro in spite of opposition from own ministry
The Fed government has permanently diverted 60 million cubic feet of gas per day (mmcfd) to Engro Fertilizers from the…