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...

Creditors seek legal advice on options against Abraaj

The Wall Street Journal reported on Wednesday that Kuwait’s Public Institution for Social Security on May 22 filed a case in a Cayman Islands court against Abraaj, claiming the company is unable to repay a $100 million loan and $7 million interest by the agreed date

How investor cash is changing the face of Pakistan’s diagnostic labs

From global private equity to domestic healthcare companies, laboratories in Pakistan are attracting investment and getting technological upgrades

Auto sales may decline, after barring non-tax filers from purchasing cars

An industry source said data of the filers would now be utilized to purchase cars which would contribute to the practice of premium or ‘own-money’ amount rising

CDWP approves 31 projects worth Rs713 billion

Central Development Working Party (CDWP) under the chairmanship of Planning Commission Deputy Chairman Sartaj Aziz on Wednesday approved 31 projects worth Rs713 billion and referred 8 projects worth Rs694.88 billion were referred to ECNEC for further action.

P&G to buy Merck’s consumer health unit for $4.2 billion

OHIO: Procter & Gamble (P&G) has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands...

ECNEC clears Diamer Bhasha dam, poverty alleviation projects

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) under the chair of Prime Minister Shahid Khaqan Abbasi approved various energy, poverty alleviation,...

LCCI demands DRAP to form a liaison committee

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded from the Drug Regulatory Authority of Pakistan (DRAP) to form a liaison committee...

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Malaysia files criminal charges against Goldman, ex-bankers in 1MDB probe

Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion through three bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of investigations in at least six countries