Pakistan News

    Kehkashan Awan Ici Pakistan

  • ICI acquires pharma facility, brands for Rs1.9bn

    KARACHI: ICI Pakistan Ltd has executed an asset purchase agreement with Wyeth Pakistan Ltd and Pfizer Pakistan Ltd for the acquisition of certain assets at the aggregate purchase price of Rs1...

    ICI stated in a stock notice on Monday that the agreement was signed on May 19 under which the company will acquire a Wyeth-owned pharmaceutical manufacturing facility located on Hawkesbay Road in Karachi along with the following...

  • ICI to set up Morinaga facility in Karachi

    KARACHI: ICI Pakistan Limited, the conglomerate in business of polyester, soda ash, chemicals and life sciences, proposes to set up a Morinaga infant formula manufacturing facility in Karachi at a cost of Rs4...

    The controlling stake of 51 per cent in the proposed company would be held by ICI Pakistan, while the rest of the equity interest (49pc) would be jointly held by Morinaga Milk Industry Company Limited and Unibrands Private...

  • ICI’s focus on acquisitions

    ICI Pakistan Limited operates under the umbrella of the Yunus Brothers Group, which also owns the country’s largest cement company, Lucky Cement Limited...

    The group acquired three-quarter shares of ICI Pakistan for Rs14...

  • ICI mulls acquiring some of Wyeth’s assets

    KARACHI: ICI Pakistan is considering the potential acquisition of certain assets of Wyeth Pakistan representing the life science business portfolio, a stock notice said on Friday...

    Wyeth said the board had authorised the company to finalise the consideration and other terms of the asset sales transaction, including definitive transaction agreements with ICI Pakistan, which had shown interest in pursuing the transaction...

  • Court imposes Rs500 fine on Babar Awan

    ISLAMABAD: A district and sessions judge (DSJ) on Saturday imposed Rs500 fine on Babar Awan for not submitting reply on an application filed by the former chief justice (CJ) Iftikhar Mohammad Chaudhry...

    In the application, former CJP objected that Mr Awan could not represent Pakistan Tehrik-i-Insaf (PTI) chairman Imran Khan because he holds “certain preconceived notions and personal bias against him due to certain judicial orders”......

  • PPP's Babar Awan to join PTI tomorrow, claims Imran Khan

    Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan on Thursday claimed that PPP's Dr Babar Awan would be joining his party tomorrow...

    An associate of Awan's in conversation with DawnNews today claimed that the senator would hand in his resignation to Senate Chairman Raza Rabbani in the coming days and undertake a new step along his political journey in which, he said, the PTI held 'great significance'...

  • Babar Awan parts ways with PPP, joins PTI

    Former PPP leader Senator Babar Awan on Friday formally announced that he is joining the Pakistan Tehreek-i-Insaf (PTI)...

    "I part ways with the PPP after a long-standing membership of 21 years," Awan said during an iftar party held at his residence where PTI leadership were the main guests, according to DawnNews...

  • Khawaja Asif takes flak for calling Firdous Ashiq Awan PTI's 'newly acquired dumper'

    Federal Defence Minister and PML-N stalwart Khawaja Asif sparked an outcry after seemingly referring to Pakistan Tehreek-i-Insaf's new arrival Firdous Ashiq Awan as the party's "newly acquired dumper" and — in an apparent repeat of his earlier verbal transgression — PTI chief whip Shireen Mazari as a "tractor trolley"...

    Then, without naming anyone and supposedly taking aim at Mazari and Awan, the federal minister said the "tractor...

  • Babar Awan resigns from Senate seat

    Former law minister Babar Awan officially resigned from Senate on Thursday, confirming that he had sent his resignation letter to Chairman Raza Rabbani by post...

    "I am not Nehal Hashmi that I will back-track after resigning," Awan said, speaking to DawnNews...

  • Babar Awan's opinion: Nawaz Sharif no longer prime minister

    Dr Babar Awan, lawyer of Pakistan Tehreek-e-Insaf chairman, in an interview on Thursday said that in his legal opinion, Prime Minister Nawaz Sharif “was no longer the premier of Pakistan” as per the Supreme Court's verdict on Panamagate case...

    Awan added that he was satisfied with the split judgement given by the apex court...

  • PPP's Firdous Ashiq Awan joins PTI

    Former federal minister and PPP stalwart Firdous Ashiq Awan joined the Pakistan Tehreek-i-Insaf (PTI) on Tuesday...

    Awan, along with her husband, was a staunch supporter of the PPP until party Co-chairman Asif Ali Zardari consolidated his control over the party...

  • Awan wants military courts to probe offshore investments

    ISLAMABAD: PPP Senator Dr Babar Awan has suggested investigation against the people named in the Panama Papers through military courts, arguing that offshore investments were usually used in drugs which had a close nexus with terrorism...

    “Investment in offshore tax havens is an international fraud that comes under the definition of facilitator,” Dr Awan said while talking to reporters at the Supreme Court building here on Thursday......

  • IHC issues notice to Babar Awan

    Qureshi of the Islamabad High Court (IHC) on Friday sought a reply from advocate Babar Awan within one week in a petition questioning the legal position of the Pakistan Tehreek-i-Insaf chairman, Imran Khan, to challenge imposition of Rs500 fine on Mr Awan...

    A district and sessions judge of Islamabad had imposed a fine of Rs500 on Awan, the counsel for the PTI chairman, for not submitting comments in a petition filed by the legal...

  • Firdous Ashiq Awan resigns as PPP vice president Punjab

    KARACHI: Former federal minister Firdous Ashiq Awan has resigned as vice president of Pakistan Peoples Party Punjab, she said in a statement on Friday, adding that chairman Bilawal Bhutto should be given a chance to form his own team...

    Awan also met party chairman Bilawal Bhutto in Karachi today and apprised him of her reservations in relation to party affairs in Punjab...

  • Caretaker set-up is partial to PML-N, alleges PTI leader Babar Awan

    ISLAMABAD: Two weeks after welcoming the caretaker set-up, the Pakistan Tehreek-i-Insaf (PTI) has criticised it for allegedly acting in the interest of the Pakistan Muslim League-Nawaz (PML-N) and has advised the interim government not to play politics...

    It was as if Shahbaz Sharif himself was speaking,” said Babar Awan, a senior leader of the PTI...

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