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Acquisition of German Conglomerate, CCP’s Approval for Market Integration ISLAMABAD   (   WEB  NEWS  ) The Competition Commission of Pakistan (CCP) has approved a significant merger in the steel industry with international implications. The transaction involves EP Corporate Group (EPCG) acquiring over 20% shares from the German industrial conglomerate Thyssenkrupp. Specifically, EPCG willRead More →

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ICCI President slams IPPs as threat to national sustainability ISLAMABAD  (  WEB  NEWS   ) Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry has termed the IPPs as detrimental for country’s sustainability by demanding their forensic audit. He said that entire business community is on the same page overRead More →

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ICCI delegation visits Ethiopian Embassy, expresses solidarity with Govt, families of landslide victims’ ISLAMABAD   (  WEB  NEWS   ) Ethiopian Ambassador to Pakistan, His Excellency Jemal Beker Abdula has emphasized the strategic partnership between Ethiopia and Pakistan, expressing determination to enhance bilateral relations, particularly in trade and business. He made theseRead More →

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Army should appoint its representative, Imran Khan is ready for negotiations Mahmood Achakzai has full confidence, gave him the mandate for negotiations The first demand for negotiations is the return of the stolen mandate, talks to the media RAWALPINDI  ( WEB  NEWS  ) Pakistan Tehreek-e-Insaf (PTI) founding chairman and formerRead More →

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Retailers will be taxed, every sector will have to contribute to the tax net, Finance Minister Every effort has been made, for the first time, the IT sector exported 3.2 billion dollars. Things which have not been done for 75 years, we are now forced to do, talks with membersRead More →

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ISLAMABAD  (  WEB  NEWS  )   Pakistan’s engagement with Africa has historical roots and is characterized by mutual respect and cooperation. By harnessing mutual cooperation, Pakistan and Africa can unlock new economic opportunities and foster sustainable development. This has been stated by Pakistan’s Ambassador designate to Mauritius Syed Zahid Raza duringRead More →

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easypaisa Partners with Faysal Bank to Streamline International Remittance Collection ISLAMABAD  (  WEB  NEWS  ) easypaisa, Pakistan’s leading digital financial services platform, has announced a strategic partnership with Faysal Bank Limited (FBL), one of the premier commercial banks in Pakistan, to simplify the process of receiving international remittances. This collaborationRead More →

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CCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur ISLAMABAD  (  WEB NEWS  ) The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a 68.89% stake in Engro Powergen Qadirpur LimitedRead More →

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Increase in energy and tax rates will lead to increase in inflation rate: Atif Ikram sheikh ISLAMABAD  (  WEB  NEWS  ) President of Federation of Pakistan Chambers of Commerce and Industry Atif Ikram Sheikh has said that the current fiscal inflation rate will exceed 22 percent due to the increaseRead More →

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Strong business performance and positive outlook underpinned by robust customer activity and stable macroeconomic environment see Mashreq’s Net Profit in the first half increase by 14% to AED 4bn.  Dubai, UAE   (  WEB  NEWS  ) Mashreq is pleased to announce its financial performance for the first half of 2024, highlightingRead More →

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Protesters camped in Islamabad, demand slashing petroleum levy, prices of essentials Thousands of Jamaat-e-Islami supporters have camped in Rawalpindi for a sit-in against inflation, new taxes  Government has formed three-member committee for negotiations which are scheduled to begin today  ISLAMABAD  (  WEB  NEWS   ) A Pakistani religious party protesting againstRead More →

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Engro’s Strategic Asset Divestiture in Thermal Energy Sector Gets CCP Approval ISLAMABAD   (  WEB  NEWS  ) The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves a consortium acquiring approximately 50.10% of M/s Engro Powergen Thar (Pvt.) Ltd from M/sRead More →