Tag: Companies

National Forum for Environment & Health (NFEH) announced results of 8th Annual Environment Excellence Awards (AEEA) for best performance of 2010-11. This was announced by...

IBM http://www.ibm.com/ investorhas announced a new cloud-based web analytics and digital marketing offering designed to help organisations automate marketing campaigns across all online channels,...

Cellular service companies sought help of the Pakistan Telecommunications Authority (PTA) for removal of three jammers installed at the Central Jail Kot Lakhpat with...

The National Assembly’s Standing Committee on Information Technology (IT) and Telecom on Thursday directed the Pakistan Telecommunication Authority (PTA) chairman to seize accounts of...

Six leading Pakistani companies are set to showcase their products at the 12th Malaysian International Food and Beverage Trade Fair 2011 which opens in...

Foreign investors are encouraged to invest in Pakistan, and the present government is trying its best to provide all the related facilities to foreign...

The Independent Power Producers (IPPs) and fertiliser companies have agreed on a gas swap arrangement to overcome gas shortage, which has nearly jeopardised their...

KARACHI - The lingering circular debt issue, coupled with heightened security concerns, has forced local oil and gas exploration companies to curtail exploration and development (E & D) activities. Industry analysts observed that E & D activities depicted a significant decline of 40 percent in the nine months of FY11, as a meager 30 wells were spudded in contrast with 50 wells in the same period last year. They further underlined that bifurcation of the number reflects the gravity of

ISLAMABAD - The government is trying to assure perturbed foreign petroleum exploration and production companies that after the implementation of the 18th amendment from July 1, 2011, all contractual obligations would be protected in accordance with the law.
An official source said that the foreign petroleum companies operating in the country were demanding clarification on various important issues after the passage of the 18th amendment, as provincial governments had to be taken

ISLAMABAD - The Securities Markets Division of the Securities and Exchange Commission of Pakistan took action against seven non-compliant market participants in February. Warning letters were issued to three brokerage houses in the Karachi Stock Exchange for indulging in trading activities which stood in conflict with fair market practices.
In another instance, a show cause notice was issued to a listed company for failing to implement SECP orders. Moreover, warning letters were

ISLAMABAD - The government plans to raise $ 2 billion by offloading shares of banks and energy companies on the local stock exchanges as well as exchangeable bonds in the international markets to bridge the rising fiscal deficit during the current fiscal year. Privatisation Minister Syed Naveed Qamar said in a statement that the government would offload some of its shares in the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), Kot Addu Power Company (KAPCO) and Pakistan

ISLAMABAD - The Pakistan State Oil (PSO) has bagged the 20th spot among the top 100 businesses of the Muslim world, published in the seventh Annual Dinar Standard survey. "It is an honour for our company to be ranked amongst the top 100 companies in the Muslim world and the honour has only added to expectations of continuing with the remarkable performance in future," company's MD Irfan Qureshi said.
Dinar Standard is a specialised research, advisory and business media firm

KARACHI - The Karachi Stock Exchange (KSE) has extended the suspension period of six companies for another 60 days, effective from February 18, 2011, upon failing to comply with KSE regulations. They are Pakistan Industrial and Commercial Leasing, Dadabhoy Sack Ltd, Nina Industries Ltd, Nazir Cotton Mills Ltd, Dominion Stock Fund Ltd and Investec Mutual Fund Ltd.
According to KSE, the suspension will remain effective till such time that these companies comply with the

ISLAMABAD - The Supreme Court on Wednesday summoned for today (Thursday) the complete record of the contract of the lease of the Reko Diq copper and gold reserves to foreign exploration and mining companies.
A four-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday, also directed the former and incumbent Balochistan chief secretaries to appear in court today (Thursday) along with the

ISLAMABAD - Expressing concern over the violation of Insurance Ordinance 2000, the Standing Committee of the National Assembly on Human Rights Friday directed the insurance companies, including the State Life Insurance Corporation of Pakistan, to keep their clients updated on their annual profits and reduce procedural issues for quick disbursement of the amounts against clients' claims.
Taking notice of the complaints that insurance companies were violating the Insurance

ISLAMABAD - The Supreme Court on Thursday directed rental power companies to return the money they took in advance from the Government of Pakistan to set up power generation projects but failed to do so.
The court particularly directed Techno Power Plant to return Rs780 million it took in advance from the government of Pakistan for producing electricity but could not so far initiated the project. A three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Ghulam

LAHORE - The Lahore Transport Company (LTC) is expected to sign agreements with private-sector companies for providing standardised and affordable transport facilities to citizens of Lahore, LTC Chairman Khawaja Ahmed Hassaan said on Monday.
He was chairing a meeting to discuss the company's working. Hassaan, back from his Turkish visit, said that Turkey had taken an initiative for investing in Pakistan's urban transport sector. He said that a Turkish delegation would visit