Construction of Pakistan’s largest Shaukat Khanum Hospital commences in Karachi

The hospital, which will be completed with an estimated cost of Rs6.2bn, is planned to become operational by Dec 2021 The year 2019 marks the...

GSKCH paid-up capital increases post merger

In a notification sent to the Pakistan Stock Exchange (PSX), GSKCH Pakistan said the shareholding of its holding company GlaxoSmithKline Consumer Healthcare B.V is now 100,423,259

GSK Chairman Hampton to step down ahead of split

The announcement comes a month after GSK’s Chief Executive Emma Walmsley announced her boldest plans yet - to split the company into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products

PSQCA issues notice to beauty cream manufacturers over health concerns

Faiza Beauty Cream causes skin cancer, other diseases

Punjab Food Authority declares 61 ghee, cooking oil brands ‘unhealthy’

PFA has declared 61 ghee and cooking oil brands unhealthy for usage and has further seized 47,233 litres of ghee and cooking oil

PBBC proposes to establish network of hospitals across Pakistan

ISLAMABAD: Finance Minister Asad Umar on Friday received a delegation of Pakistan-Britain Business Council (PBBC) and its sister organisation, Pakistan-Scotland Business Council (PSBC), led by...

Reckitt Benckiser collaborates with four Pakistani brands to facilitate health sector

KARACHI: Reckitt Benckiser, in collaboration with Shan Foods, Shield Corporation, Syntax and English Biscuits, is setting up a company in Pakistan to initiate an...

Cigarette manufacturers fail to comply with health ministry’s directives

A recently conducted market survey has identified that a majority of the brands of local cigarette manufacturers in Pakistan are still non-compliant with the latest Pictorial Health Warning (PHW) law

Colgate-Palmolive to raise prices as raw materials costs surge

Colgate, which makes Speed Stick deodorants and Softsoap hand-wash, said raw material inflation had hurt second-quarter gross margins by 320 basis points

GSK contemplating splitting up the group: Report

Some investors have long called for the group’s break-up, arguing that it would crystallize value for component businesses and that there are limited synergies between consumer and pharma.

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

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.

Arif Naqvi in a message to friends & employees shares his experiences at Abraaj

The turmoil-filled months for Arif Naqvi, the founder of Abraaj Group has resulted in ignominy for a person who once heralded forums like the World Economic Forum and built the company into the largest private equity house in the Middle East and North Africa

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...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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OECD sees global growth at decade low, blames govts’ indecision

PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the...