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