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  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Alfalah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank at the State Bank of Pakistan (SBP) headquarters...

  • Dutch company to acquire Engro Foods Ltd

    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 website said Thursday...

    Citibank Pakistan is the financial advisor...

  • 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...

  • Pakistan reaffirms opposition to chemical weapons use

    UNITED NATIONS: Pakistan has told the United Nations that it had repeatedly condemned the use of chemical weapons in Syria, and called for holding accountable the perpetrators of such "heinous crimes"...

    "We remain strongly opposed to the use of chemical weapons by anyone and under any circumstances," Ambassador Tehmina Janjua, the permanent representative of Pakistan to the UN in Geneva, said in speech to the General Assembly's...

  • Pakistan to follow chemical weapons convention

    ISLAMABAD: Pakistan remains fully committed to the objectives of Chemical Weapons Convention (CWC), says Adviser to Prime Minister on Foreign Affairs Sartaj Aziz...

    During a meeting with the director general of the Organisation for Prohibition of Chemical Weapons, Ahmet Uzumcu, here on Friday, Mr Aziz assured him that Pakistan would remain actively engaged with the OPCW...

  • Russia lifts UN hold on Syria chemical attacks probe: diplomats

    UNITED NATIONS: Russia has lifted its objections to a United Nations (UN) investigation into chemical attacks in Syria, clearing the way for the probe to begin, diplomats said Thursday...

    The UN Security Council unanimously adopted a resolution on August 7 approving a joint investigation by the UN and the Organisation for the Prohibition of Chemical Weapons (OPCW)...

  • Syria govt behind chemical attack that killed dozens of people: UN investigators

    United Nations war crimes investigators on Wednesday said that they had evidence that investigators government forces were behind the chemical attack that killed dozens of people in Khan Sheikhun in April...

    Syria's government has denied involvement and claims that it no longer possesses chemical weapons after a 2013 agreement under which it pledged to surrender its chemical arsenal...

  • Swiss investment enters construction chemical sector

    Over the past few years, Pakistan’s construction industry has seen significant growth on the back of rapid urbanisation, population growth, improved middle-class household income, spike in public development spending, increase in payments from Pakistanis working abroad and so on...

    The construction ‘boom’ in the country has triggered massive growth in allied industries like cement, glass, steel, construction chemicalsMany expect the...

  • Israel hits Syrian site said to be linked to chemical weapons

    BEIRUT: Israel attacked a military site in Syria’s Hama province early on Thursday, the Syrian army said, and a war monitoring group said the target could be linked to chemical weapons production...

    The Syrian Observatory for Human Rights, which monitors the war, said the attack was on a facility of the Scientific Studies and Research Centre, an agency which the United States describes as Syria’s chemical weapons manufacturer...

  • 90 per cent of world chemical weapons destroyed: Watchdog

    THE HAGUE: The world’s chemical watchdog said on Thursday that 90 per cent of the global chemical weapons stockpile has been destroyed, calling it a “major milestone”...

    The stockpiles included caches containing chemicals needed to make deadly nerve agents like sarin, the Organisation for the Prohibition of Chemical Weapons said...

  • Chemical leak in China kills 8, injures 2

    BEIJING: A chemical leak in northern China has killed eight people and injured two others...

    A statement from Yangcheng County in Shanxi province said the carbon disulfide leak occurred on Saturday morning at a plant belonging to the Ruixing chemical company...

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