Cement despatches — both domestic and exports — recorded a growth of 16.25 percent in the first quarter of the current financial year. However, the All Pakistan Cement Manufacturers Association (APCMA) maintained that the industry could achieve even stronger growth if the government extends concessions on duties and taxes, ultimately benefiting the end consumer. “Significant rehabilitation work
Procter & Gamble (P&G) has announced to discontinue operations in Pakistan as part of a global restructuring plan, a move that may also lead to the company’s delisting from the Pakistan Stock Exchange. According to a notice sent to Pakistan Stock Exchange (PSX), the Gillette Company LLC has conveyed to Gillette Pakistan Limited, including its Board of Directors, the decision of the Procter & Ga
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of SAA Services (Private) Limited by Systems Limited from the British American Tobacco International Holdings (UK) Limited. The transaction, executed under a Share Purchase Agreement, was reviewed under Phase-I of CCP’s merger assessment framework in accordance with the Competition Act, 2010. Systems Limited,
China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest shale gas project outside of the US, with Bank of China, ICBC and China Construction Bank each len
Pakistan’s Secure Logistic-Trax Ltd (SLG-Trax) has approved talks to acquire Singapore-based Finova Technologies, following the grant of an NBFC (Non-Banking Finance Company) license to its subsidiary LogiServe (Pvt) Ltd. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “Following up on the issuance of NBFC license to LogiServe (Pvt)