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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...

  • Internet services disrupted across Pakistan as submarine cables go offline

    Internet services across the country were impacted on Tuesday evening, following a fault that developed in international submarine cables that connect Pakistan...

    "We regret to inform you that due to international submarine cable fault, internet services are impacted across Pakistan," said Pakistan Telecommunication Company Limited (PTCL) in a post on Twitter...

  • Lahore Amar Cables lift National Seniors Cup

    SIALKOT: Northern regions winners Lahore Amar Cables clinched the National Seniors Cup cricket title after sealing a five-wicket win over southern region champions Karachi Omar Assoc­iates in the floodlight final at the Faraz Sports Ground in Sialkot the other day...

    According to details made available by the Pakistan Veterans Cricket Association (PVCA) here on Monday, Karachi Omar Associates were bowled out for 121 in 28...

  • Jamshed stars as Amar Cables win National Seniors Cup

    KARACHI: Inspired by brilliant knock from Jamshed Salman, Amar Cables of Lahore defeated Karachi’s Gold Bridge Media by 49 runs to clinch the 17th National Seniors Cup cricket title at the Hussain Lawai Naya Nazimabad Cricket Stadium here on Sunday...

    On a dicey pitch, which gradually became tough for batsmen, Northern region champions Amar Cables did well to post a competitive total of 167-9 in the allotted 30 overs after Southern...

  • Damaged cables cause fluctuation in internet service

    KARACHI: Internet service in Pakistan experienced fluctuation on Thursday after undersea optic fibre communication cables were damaged, officials said...

    Though the main internet service provider, the Pakistan Telecommunication Company Limited (PTCL), said restoration work had begun, it did not come up with a certain timeline to fix the problem...

  • Cables detail Saudi diplomat’s meeting with Haqqani’s son

    ISLAMABAD: Leaked Saudi diplomatic cables reveal that the country’s embassy in Islamabad remained in touch with the Haqqani network and also helped arrange a visit for the militant group’s leader for medical treatment...

    The cables, published by WikiLeaks, have provided a rare insight into the contacts between Saudi officials and the Haqqani network in the recent past, even though the two are said to have had a long-standing...

  • Amar Cables crowned as 17th Seniors Cup regional champions

    KARACHI: Bilal Khilji’s fine unbeaten century allowed Amar Cables to be crowned as the Northern Region champions of the 17th National Seniors Cup Cricket Tournament 2015 as they overcame Askari Greens by one wicket in a nail-biting final at the LCCA Ground in Lahore...

    Amar Cables will now be taking on Karachi Gold Bridge Media, the Southern region champions, in the National Seniors Cup Final, scheduled to be held at the Naya...

  • Army seeks fibre optic cables along CPEC

    ISLAMABAD: A top military official on Tuesday said some incoming and outbound internet traffic landed in India before being routed to its destinations, posing a security risk for Pakistan...

    “The network which brings internet traffic into Pakistan through submarine cables has been developed by a consortium that has Indian companies either as partners or shareholders, which is a serious security concern...

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