Pakistan News

    Venkat Pharma Ltd Hyderabad International Airport

  • 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...

    8 billion from foreign institutional investors, local institutions and general public
  • 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)...

    Under the provisions of Corporate Restructuring Companies Act 2016 with an initial paid-up capital of Rs500 million, the banks have decided to establish the Corporate Restructuring Company (CRC) — first of its kind company in the country
  • President Alvi attends inauguration ceremony of Istanbul Grand International Airport

    President Arif Alvi attended the inauguration ceremony of Istanbul Grand International Airport on Monday while on a three-day visit to Turkey at the invitation of President Recep Tayyip Erdogan...

    President Erdogan, while opening the airport ? which his government says will eventually become the largest in the world ? with great fanfare, said it would be "the pride of our country and an example to the world
  • US team visits Islamabad International Airport to give clearance to PIA direct flights

    RAWALPINDI: A United States (US) Transport Security Administration (TSA) team on Monday visited Islamabad International Airport (IIA) to conduct final inspection and give clearance to Pakistan International Airlines (PIA) to start direct flights to the US...

    According to sources, the team will also visit Jinnah International Airport Karachi and Allama Iqbal International Airport Lahore
  • Pharma industry growth halves to 8pc

    KARACHI: The growth of pharmaceutical industry has dropped to around eight per cent per annum from approximately 16 per cent, said Pharma Bureau (PB) Chairman Arshad Saeed Hussain on Thursday...

    Talking to newsmen, he said the bureau seeks a predictable and transparent regulatory environment which includes a proper system for registration of drugs and clearing up the ever increasing backlog
  • Pharma firms ‘illegally’ selling vital drugs, implants at Jinnah Hospital

    LAHORE: Some pharmaceutical companies are involved in an illegal business of selling cardiac medicines, surgical items and orthopaedic implants at Jinnah Hospital with the alleged connivance of doctors and administration officials of the institute...

    The companies have set up mobile pharmacies in the cardiology and orthopaedic departments of the hospital and cheating poor patients by selling life-saving drugs and surgical implants at...
  • Lack of remorse could bite ‘Pharma Bro’: Experts

    NEW YORK: Less than an hour after a US jury convicted Martin Shkreli of securities fraud, the so-called “Pharma Bro” was back at his New York City apartment doing what comes naturally: trash talking in a live-stream on YouTube...

    The brash former pharmaceutical CEO, who’s still out on bail, joked he won’t be going to a hard-core prison “No shanks” and predicted his acquittal on some charges on Friday will help him recover tens of...
  • Auto, cement, pharma offer divergent views

    KARACHI: The business leaders of auto, cement and pharma sectors gave a mixed reaction to the split decision by a five-member bench of the Supreme Court on the Panama Papers case...

    Some were not happy with the verdict while others claimed that it will bode well for the economy
  • ‘Pharma companies producing quality drugs’

    KARACHI: Despite pricing and policy constraints, pharmaceutical companies in Pakistan are producing quality drugs under the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) Code of Conduct, a statement released by the representative body of pharma industry said...

    During a visit to a GSK production facility in SITE, Karachi, Pharma Bureau (PB) representatives said that despite regulatory challenges,...
  • More
Back to top