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
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...
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,...
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...
GSK to acquire Novartis’s consumer healthcare venture for $13 billion
ZURICH: GlaxoSmithKline said on Tuesday it will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13 billion in...
US Commercial Service to lead delegation of Pakistani companies to NPEW
KARACHI: The United States Commercial Service (USCS) will lead a delegation of Pakistani companies to the Natural Products Expo West/Engredea (NPEW), to...
Finland ready to help Pakistan in health, energy and forest sectors
ISLAMABAD: The Roving Ambassador-designate of Finland to South Asia Harri Kämäräinen along with Honorary Consul of Finland in Pakistan Asad Ansari visited Islamabad...