FrieslandCampina Engro posts Rs177m profit for 2020

FrieslandCampina Engro Pakistan Limited (FCEPL) on Tuesday announced its financial results for the year ending 31st Dec 2020. "The business continued its strong...

DRAP allows AGP Limited to import Russian coronavirus vaccine

KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) has authorised AGP Limited, a Pakistani pharmaceutical company, to import and introduce Russian coronavirus vaccine,...

Waves submits EOI to purchase Heavy Electrical Complex

Waves Singer Pakistan Limited has shown an interest in acquiring 96.6pc shares of Heavy Electrical Complex (Private) Limited (HEC). According to a statement...

China’s Huawei in talks to sell premium smartphone brands P and Mate

China’s Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct...

Karachi-based Bazaar Technologies secures $6.5m in seed funding to digitise mom-and-pop stores

With recent funding, Bazaar plans to expand its footprint across Pakistan, build its product capabilities and offer value added services to customers

Unity Retail raises seed round from Boston Equity Partners

The company graduated from the fifth batch of The Nest I/O

Elon Musk overtakes Bezos to become world’s richest person

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8pc rally in the...

Amazon buys 11 aircraft to make deliveries faster

Amazon.com Inc said on Tuesday it bought 11 Boeing 767-300 aircraft, as it looks to boost its delivery capabilities to cater to...

Lahore, Karachi chambers join hands for trade promotion

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) and Karachi Chamber of Commerce & Industry (KCCI) have decided to make joint efforts...

PTCL licence expired on December 31 last year

LAHORE: The Pakistan Telecommunication Company Limited (PTCL) licence has expired on December 31, 2020, it was learnt on Friday. The PTCL has started...

LG and Magna announce billion dollar joint venture in electric car gear

The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to...

PSX honours three Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ list

ISLAMABAD: The Pakistan Stock Exchange (PSX) held a gong ceremony on Monday to honour the achievements of three listed companies based in...

Shell to write down assets again, taking cuts to more than $22bn

LONDON: Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to...

FPCCI hails waiver of Form-E for small exporters

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday welcomed the central bank's decision to remove the condition...

Hotel management startup Roomy raises $1 million in Pre-Series A round led by Lakson VC

LAHORE: Islamabad-based Roomy Hotels (Private) Limited (Roomy.pk) has closed a $1 million Pre-Series A round led by Lakson Venture Capital (Lakson VC). The announcement...