Aftab Ahmed The Privatization Division on Thursday decided to move a summary to Economic Coordination Committee (ECC) to de-cap dividends of Mari Petroleum Company before offering shares to investors. In a meeting held in the Privatization Division chaired by Federal Minister for Privatization Mohammed Mian Soomro took up the matter of de-capping of dividends of…
News Desk Toyota Indus Motor Company (IMC) plans to launch a new Hybrid SUV in Pakistan to compete with upcoming competition from the Hyundai Tucson, Proton Saga, or the already launched KIA Sportage. The auto sector in Pakistan has recently seen low sales to the point that some manufacturers like Toyota Indus Motor Company (IMC)…
Aftab Ahmed The cashiers of the National Bank of Pakistan’s (NBP) in different branches have allegedly been involved in frauds of Rs385 million. The Branches include Khanaspur, Ayubia, and Khaira Gali branches where cashiers have been involved in a fraud of Rs385 million, according to rough estimates. Sources said that they committed the crime in…
News Desk Karachi: Fauji Fertilizer Bin Qasim Limited has decided to increase its equity Investment in Fauji Foods Limited by Rs2.7 billion in order to bring growth and improve cash flows. Fauji Foods Limited is engaged in the processing and marketing of brands in Dairy, Tea creaming, and Fruit beverages. In a recent notice file…
Atif Abbas The PTI government has removed Muhammad Ali Tabba is the Chief Executive of Lucky Cement Limited from the board of directors of Pakistan International Airlines (PIA) for his non-serious and irresponsible behavior. Tabba has been on the board of directors of PIACL. However, he has been often absent from the board’s meetings and…
Aftab Ahmed The PTI government has approved Rs 42.791 million grant to run a newly created ‘Digital Media Wing’ in Information Ministry to counter fake news and project policies of the government on social media. Out of total funds, an amount of Rs 18 million would be spent on 27 employees for the remaining six…
Atif Abbas Fauji Foods Limited has signed a deal with Pizza Hut to provide all types of cheese used in Pizza Hut, an International fast-food chain across the country. It is estimated that over 700 tons of cheese will be supplied. Pizza Hut has close to 150 branch networks across Pakistan and Fauji Foods is…
Aftab Ahmed Islamabad: The government has issued notification to appoint Muhammad Taha as new as new managing director of state-run Pakistan State Oil (PSO). Earlier, cabinet had approved appointment of MD PSO through circulation of summary. Petroleum division had sent a panel of four candidates to the cabinet division after seeking input of Intelligence agencies….
Atif Abbas Islamabad: The United Arab Emirates (UAE) has announced the establishment of a permanent structure costing $ 20 million at the Dubai Expo for Pakistan (Pakistan Pavilion). The Ambassador of UAE informed SAPM Dar that the government of UAE has announced the establishment of a permanent structure costing $ 20 million at the Dubai…