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[ Novartis makes nilotinib, a drug used to treat chronic myeloid leukaemia. PHOTO: AFP ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorised the acquisition of Novartis Pharma (Pakistan) Limited by International Investment Limited (IIL) after completing its phase-I competition assessment under Section 11 of the Competition Act, 2010 and the Competition (Merger Control) Regulations, … Read more
Shares of 340 companies were traded. At the end of the day, 93 stocks closed higher, 233 declined and 14 remained unchanged. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) witnessed a week of profit-taking and consolidation as investors remained cautious amid rising inflation, widening trade deficit and fiscal shortfalls. The benchmark KSE-100 index closed … Read more
[ KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and the Lahore Chamber of Commerce & Industry (LCCI) have agreed to strengthen cooperation for Pakistan’s economic revival. During a meeting held at KCCI on Saturday, KCCI President Rehan Hanif and LCCI President Faheemur Rehman Saigol said that Pakistan had great potential despite facing serious … Read more
[ Influencers call policy ‘futile’, claim social media posts create ‘fabricated’ wealth images KARACHI: The Federal Board of Revenue (FBR)’s move to track potential tax evaders through social media has ignited widespread criticism across business and social circles. The tax authority reportedly collected data of thousands of users and issued notices to those flagged for … Read more
Some of the banks have not publicly disclosed any climate policies aligned with the Paris Agreement in lending and investment activities. photo: file ISLAMABAD: Pakistan has decided to obtain two foreign loans worth $1 billion for enhancing efficiency of the tax machinery, accountability of expenses and ensuring compliance with state-owned enterprises law — objectives that … Read more
[ Urges value addition in textile exports, modernisation of manufacturing units. PHOTO: AFP LAHORE: Pakistan’s manufacturing sector, once considered the backbone of its economic expansion and employment generation, is witnessing one of its most critical slowdowns in recent years. A sharp decline in private investment, dropping by more than 46% over the last six years, … Read more
[ ISLAMABAD: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Saturday said Google will manufacture approximately 600,000 Chromebooks annually in Pakistan, marking a major milestone for the country’s technology sector. Speaking to media, she said Google has completed its registration in Pakistan and plans to open its office soon. She said Pakistan’s … Read more
The eighth day of the World Culture Festival (WCF) 2025 turned into a vivid celebration of music, theatre, film, and art as audiences enjoyed screenings, workshops, and a powerful multi-national stage performance titled 'Conference of the Birds'. The evening reached its emotional peak with a soulful musical session by celebrated Balochi musician Ustad Noor Bakhsh, … Read more
. ISLAMABAD: The subcommittee of the Public Accounts Committee (PAC) on Petroleum Division met to review the audit paras pertaining to Sui Northern Gas Pipelines Limited (SNGPL) for the fiscal year 2022-23. The panel, chaired by Naveed Qamar, examined audit objections related to the Petroleum Division from 2011-12 to 2022-23, including the diversion of RLNG … Read more
Philippines warns of deadly storm surges as Typhoon Fung-wong nears super typhoon strength Typhoon Kalmaegi flooded swathes of the central Philippines on Tuesday. PHOTO: AFP MANILA: The Philippines’ weather bureau warned of life-threatening storm surges of up to five metres and destructive winds as Typhoon Fung-wong churns toward the country’s eastern coast, where it is … Read more
