UAE’s Kemyion acquires BASF Pakistan

CCP says Kemyion not operational in Pakistan, transaction won’t affect market concentration ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 100% shareholding of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO following a Phase-I review under the Competition Act, 2010, according to a statement issued on Tuesday. Kemyion…

Read More

Pakistan to continue efforts for lasting regional peace, Naqvi assures Momeni

Both sides agree to enhance cooperation in several areas, including counterterrorism, cybersecurity and immigration Interior Minister Mohsin Naqvi meets his Iranian counterpart Eskandar Momeni in Islamabad. SCREENGRAB Interior Minister Mohsin Naqvi assured his Iranian counterpart, Eskandar Momeni, during a meeting on Wednesday that Islamabad would continue its efforts for lasting peace in the Middle East….

Read More

KDLB layoff cost hits Rs24b

Govt okays Rs5b share, AD Ports refuses to absorb 2,545 workers forcing KPT to bear Rs19b liability ISLAMABAD: The government has moved to lay off around 2,545 dock workers of the Karachi Dock Labour Board (KDLB) after AD Ports refused to take their services. These workers, employed for over 50 years, will cost approximately Rs24…

Read More

Six most wanted terrorists killed in Lower Dir joint operation: CTD

Security forces recover six Kalashnikovs, three hand grenades as search operation underway for absconding accomplices Khyber-Pakhtunkhwa Police have established its first-ever Sniper Squad. PESHAWAR: Six most-wanted terrorists affiliated with the Indian-sponsored Fitna al-Khawarij were killed on Wednesday in a joint operation conducted by the Counter-Terrorism Department (CTD) Khyber-Pakhtunkhwa (K-P) and district police in Lower Dir….

Read More

‘Bridal gifts, jewellery belong to wife’

SC says unauthorised retention of such items by husband, family illegal and recoverable ISLAMABAD: The Supreme Court has ruled that any property given to a woman at the time of marriage by her parents, relatives, husband or in-laws for her personal use and benefit vests absolutely in her and neither the husband nor his family…

Read More

PSX loses steam amid cautious trading

KARACHI: The Pakistan Stock Exchange (PSX) ended lower on Tuesday as investors adopted a cautious stance amid a lacklustre trading environment, with the absence of a strong catalyst prompting profit-taking in key sectors. The market opened on a positive note, with buying interest witnessed across cement, commercial banks, oil and gas exploration companies, oil marketing…

Read More

The bridge that wasn’t built

ISLAMABAD: Five months after Mahmood Khan Achakzai was brought in as the opposition leader amid hopes that he could steer the PTI from confrontation towards dialogue, Tuesday’s events in the National Assembly suggested he was once again treading the familiar path of political deadlock. During his speech in the National Assembly, Achakzai described the government…

Read More