Pakistan News

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  • Dutch company to acquire Engro Foods Ltd

    KARACHI: A Dutch dairy cooperative is set to buy out food giant Engro Foods Limited with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history...

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's...
  • Challenges to test Jhagra’s political acumen as governor

    LANDI KOTAL: Traditional pro-government elders of the Federally Administered Tribal Areas have welcomed the appointment of a PML-N stalwart, Iqbal Zafar Jhagra, as governor of Khyber Pakhtunkhwa...

    However, there are others who say that they have little or no hope of any good from the governor-designate in the existing circumstances
  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Move on export control of sensitive technologies, goods praised by US

    ISLAMABAD: The United States has praised Pakistan’s move to update its export control list for sensitive technologies and goods to make it compatible with international regimes...

    Take a look: Access to peaceful nuclear technology a priority, US toldPakistan has recently revised the control lists of goods, technologies, material and equipment related to nuclear and biological weapons and their delivery systems...

  • Facebook, Unity Technologies set to launch gaming platform

    CALIFORNIA: Social media giant, Facebook has announced plans to team up with gaming engine developer, Unity Technologies, in order to expand their services for gamers and developers, the company announced on its official blog for developers Thursday...

    The partnership with Unity Technologies is a strategic move for Facebook to re-engage the over 650 million active gamers on the network...

  • Google, Tencent eye collaboration on new technologies

    Internet titans Google and Tencent on Friday signalled possible future collaboration on developing new technologies as the US and Chinese firms announced a long-term patent-sharing agreement...

    The companies gave no details on the scope or nature of the potential cooperation but said in a joint statement that they “are open to deeper collaboration in the future on innovative new technologies”...

  • NYT accuses software firm of running fake degree empire

    The lead story — Fake Diplomas, Real Cash: A Net of Made-Up Schools — by veteran reporter Declan Walsh and carried on the front page of the Times described Axact as a “secretive” Pakistani software company that offers “everything from high school diplomas for about $350, to doctoral degrees for $4,000 and above”...

    Axact employs over 2,000 people and calls itself Pakistan’s largest software exporter...

  • SBP to facilitate software exports

    KARACHI: The State Bank of Pakistan has decided to facilitate software exporters by reviewing instructions related to the export of software and removing hurdles, a circular issued by the SBP said on Friday...

    The instructions related to the exports of software are contained in F...

  • Android software creator unveils ‘Essential’ phone

    SAN FRANCISCO: A creator of the Android software powering smartphones around the world steps into the hardware market with a handset that promises to tackle the clutter, complexity and rapid obsolescence of current devices...

    Google makes Android software — which powers most of the world’s smartphones — available free to device makers...

  • Apple to set up software lab in India

    MUMBAI: Apple Inc will set up a software laboratory in India to help Indian startups and developers working on the company's iOS platform, Apple said hours after Chief Executive Tim Cook began his first official visit to the country...

    The company is also expected to unveil plans to expand its software development centre in the southern city of Hyderabad, also home to Microsoft's first India office, where engineers are working on...

  • NBP pays penalty for flaws in ‘software screening’

    The WSJ said that “the case illustrates how companies can be penalised for violating sanctions, even if the illegal transactions are only processed because of flaws in “screening software...

    ”The National bank’s sanction screening software failed to recognise the name of the account name LC Aircompany Kyrgyztransavia as belonging to Kyrgyz Trans Avia account, OFAC said...

  • Moon-sighting software

    He told me that he had installed Google Sky Map software...

    The free software has made technology available for a government official to decide about the appearance of the new crescent...

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