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...
  • 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...

  • 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...

  • 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...

  • 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...

  • Ad-blocking software use for mobile surges

    WASHINGTON: The use of ad-blocking software for mobile devices has nearly doubled in the past year, raising questions about the viability of online media business models, a study showed Tuesday...

    Almost a third of smartphone users are blocking ads in China, while more than 60pc do so in India and Indonesia...

  • NTDC ignores legal advice against buying Rs840m software

    LAHORE: The Board of Directors of National Transmission and Despatch Company has declared public money as the company’s own resources and decided to purchase a Rs840 million software, ignoring the process set by the government and advice of its own director legal and director information technology – who termed the purchase illegal and one of them quit the job in protest...

    According to details, the NTDC board recently floated the...

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