CCP approves acquisition of Shamim and Co by JK Sugar Mills

Transaction involves M/s. Shamim & Company (Pvt.) Ltd merger into M/s. JK Sugar Mills (Pvt.) Ltd.

CCP approves merger within cross-border remittances, currency exchange business 

Approved transaction entails the acquisition of certain assets of Wall Street Exchange Company (Pvt.) Ltd by UBL Currency Exchange (Pvt.) Ltd 

CCP approves acquisition in textile and apparel industry

Transaction entails the acquisition of up to 29.43% shareholding of M/s Gatron (Industries) Ltd by M/s Nova Frontiers Ltd

PostEx’s acquisition of CallCourier has propelled them to the top of the logistics market in Pakistan. What’s next?

The logistics business has not been easy for anyone in Pakistan. After its acquisition of CallCourier, what is PostEx’s plan forward? plan forward?

CCP approves acquisition of two Japanese pharma products by Hilton Pharma

Proposed transaction entails the acquisition of Methycobal and Myonal including their trademarks

Millat Global Holdings withdraws acquisition offer for Hascol Petroleum 

Expiry of public announcement of intention period leads to withdrawal

Sindh High Court sanctions merger of TPL Life Insurance with Dar Es Salaam Textile Mills

As a result of this merger, the name of Dar Es Salaam Textile Mills will be changed to TPL Life Insurance Limited

Ithmaar Holding plans major stake transfer in Faysal Bank 

Ithmaar directly and indirectly through other group entities, holds a 66.7% stake in Faysal Bank Limited 

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

This acquisition represents Aramco’s first Downstream retail investment in Pakistan and signals the company’s growing retail presence in high-value markets. 

Turkish neobank Papara has officially announced its acquisition of SadaPay. How good is the deal?

Post acquisition, Pakistani users can expect a host of new SadaPay products and services such as savings and wealth management 

CCP approves merger of Intermarket Securities with EFG Hermes Pakistan

Merger will result in a slight increase in EFG’s market share

SBP allows Bank Alfalah to conduct due diligence of Samba Bank

Bank Alfalah intends to acquire up to 84.51% shares of the Samba Bank, held by Saudi National Bank. 

RMS withdraws bid to acquire 87.96% stake in Escorts Investment Bank

Deadline to make public announcement lapsed on May 12, 2024, without necessary approvals 

CCP greenlights 100% acquisition of PIA by PIA Holding Company

HOLDCO will acquire PIACL's shareholding and specified assets, liabilities, and subsidiaries, including certain real estate assets

CCP flags PTCL’s acquisition of Telenor Pakistan as potential threat to telecom competition

In its investigation, commission concludes reduced competition likely lead to adverse outcomes for consumers, such as higher prices or diminished choice and quality of services