OBS Pakistan to acquire Globe Textile Mills Ltd

OBS Pakistan (Private) Limited, a pharmaceutical company, through the newspaper advertisement, has shown its interest to acquire 14,891,829 ordinary shares of Globe Textile Mills Limited.

Surgical goods, medical instruments worth $348.579mn exported in 11M FY17-18

Surgical goods and medical instruments worth $348.579 million were exported during 11 months of the last financial year ended on June 30, 2018

Novartis to spin off Alcon, will buy back $5 billion in shares

Novartis will hold a shareholder meeting next February to get approval for the spin-off, which is due to be completed in the first half of next year.

Al-Tahur set to enter final stage of IPO with a strike price of Rs21

The book building process for Al-Tahur ended on, Tuesday, June 26, with the Initial Public Offering (IPO) of the dairy company entering its final phase where it will offer stocks to the general public at a price of Rs21 per share.

Healthcare: the (hitherto) ignored priority

If one had to reduce the state of an entire nation’s healthcare to a single number, it would be average life expectancy, particularly how...

Pakistan diluted proposed tobacco health warnings after Philip Morris, BAT lobbying

Instead of 85 percent, the new rule, which comes into effect on June 1, requires warnings that cover 50 percent of the pack - up from 40 percent now - rising to 60 percent in a year’s time

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...