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  • Ogra proposes rise in petroleum products’ prices

    November 30, 2017 12:00 AM 2

    ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Wednesday proposed to the government to increase prices of petrol by Rs1.48/litre, kerosene oil by Rs15.35/litre and light diesel oil by Rs13.15/litre for December. The government will announce its decision on Ogra’s recommendations on Thursday (today). Ogra, in a proposal forwarded to the ministries

  • ADB approves $140 million in loan for KP roadways

    November 30, 2017 12:00 AM 1

    ISLAMABAD: The Asian Development Bank (ADB) on Wednesday said it had sanctioned a$140 million worth of loan for the improvement of road network in the rugged province of Khyber Pakhtunkhwa (KP). “The ADB’s support for this project will help the provincial government develop road network in Khyber Pakhtunkhwa, bettering economic conditions, productivity

  • Switzerland keen to improve economic ties

    November 29, 2017 12:00 AM 1

    Switzerland keen to improve economic ties KARACHI: Switzerland will take all possible measures to improve economic ties with Pakistan, an envoy said on Tuesday. “No foreign companies can ignore a biggest market like Pakistan,” Ambassador-designate of Switzerland to Pakistan Thomas Kolly said in a meeting with Governor Sindh Muhammad Zubair. Kolly said Swiss

  • Egypt central bank scraps FX restrictions

    November 29, 2017 12:00 AM 1

    CAIRO: Egypt´s central bank removed caps on deposits and withdrawals of foreign currency for importers on Tuesday, lifting some of the last currency controls put in place after a 2011 uprising. The move is another sign that bank liquidity is improving as a result of Egypt´s $12 billion, three-year International Monetary Fund programme and a currency

  • Martin Dow partners with Abacus

    November 28, 2017 12:00 AM 3

    Martin Dow partners with Abacus KARACHI: Martin Dow Marker Ltd (formerly Merck (Pvt) Ltd) and Martin Dow Marker Specialties (Pvt) Ltd (formerly Merck Specialties (Pvt) Ltd) have partnered with Abacus Consulting for the Implementation of SAP S/4 HANA in their organisation, a statement said on Monday. SAP S/4 HANA is the latest and also the world’s first

  • AkzoNobel to acquire V Powdertech

    November 28, 2017 12:00 AM 3

    AkzoNobel to acquire V Powdertech LAHORE: AkzoNobel on Monday agreed to acquire the business of V Powdertech Co, Ltd, the leading Thai manufacturer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications, and currently employing more than 250 employees, a statement said. The acquisition

  • HACPL Participates at Asia and Oceania Honda Journalist Meeting 2017 in Japan

    November 26, 2017 12:00 AM 4

    Lahore: Honda Atlas Cars Pakistan Limited (HACPL) recently participated in Asia and Oceania (A&O) Honda Journalist Meeting 2017, the event for media from 9 countries in A&O region. held in Japan. HACPL also joined Tokyo Motor Show 2017 hosted by the Japan Automobile Manufacturers Association (JAMA), a recognized international show aiming bring together

  • Singapore’s REIT calls off talks

    November 26, 2017 12:00 AM 5

    Singapore’s REIT calls off talks SINGAPORE: Sabana Shariah Compliant Industrial REIT said on Saturday that it has ceased talks with Warburg Pincus-backed e-Shang Redwood (ESR) that were exploring options related to the Sabana REIT’s strategic review. Sources familiar with the process told Reuters in August that Asian logistics developer e-Shang Redwood

  • HACPL attends A&O region meeting

    November 26, 2017 12:00 AM 5

    HACPL attends A&O region meeting LAHORE: Honda Atlas Cars Pakistan Limited (HACPL) recently participated in Asia and Oceania (A&O) Honda journalist meeting 2017, the event for media from nine countries in A&O region in Japan, a statement said. HACPL also joined Tokyo Motor Show 2017, hosted by the Japan Automobile Manufacturers Association (JAMA), a recognised

  • Sindh asks businesses to deduct withholding tax on services

    November 26, 2017 12:00 AM 4

    KARACHI: Sindh tax authority delegated businesses with a responsibility to deduct withholding tax on payment to a service provider as it was tasked to jack up revenue by almost 30 percent for the current fiscal 2017/18, officials said on Saturday. Officials said Sindh Revenue Board (SRB) has widened the scope of withholding tax regime and directed national