Author: Manzoor Shaikh
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Federation of Pakistan Chambers of Commerce & Industry Welcomes Reduction in Sindh Infrastructure Cess
PAKISTAN By Abdullah Solangi At a press conference held at Federation House, Karachi, the President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Atif Ikram Sheikh, welcomed the Sindh government’s decision to reduce the Sindh Infrastructure Cess from 1.85 percent to a range of 0.80 percent to 0.85 percent. Describing the development…
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PIA: Arif Habib Consortium Announces Plan to Acquire Remaining 25 PC Govt. Stake
PAKISTAN The consortium led by Arif Habib Group has announced its intention to acquire the remaining 25 percent stake held by the Government of Pakistan in Pakistan International Airlines (PIA), a move that would give it full ownership and control of the national carrier. Speaking to a British media outlet, Shahid Ali Habib, Chief Executive…
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Service Industries Announces us$80 Million PCR Tyre Project Through Subsidiary
PAKISTAN Service Industries Limited (SIL) has informed the Pakistan Stock Exchange (PSX) that the Board of Directors of its subsidiary/associated company, Service Long March Tyres Limited (SLM), has approved the establishment of a Passenger Car Radial (PCR) tyre manufacturing project in Pakistan. According to the notification, the new project will be set up at SLM’s…
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Fauji Cement , Kot Addu Power Announce Public Offer to Acquire Additional Stake in Attock Cement
PAKISTAN Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have announced a public offer to acquire up to 10,950,306 ordinary shares, representing approximately 7.97% of the total issued and paid-up capital of Attock Cement Pakistan Limited (ACPL). According to separate notices submitted to the Pakistan Stock Exchange (PSX), the offer is…
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Pakistan Oxygen Reappoints Matin Amjad as CEO Following Board Meeting
PAKISTAN Pakistan Oxygen Limited has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has re-appointed Mr. Matin Amjad as Chief Executive Officer (CEO) of the company. According to the notification, the decision was taken during the Board meeting held on February 13, 2026. Mr. Amjad has been re-appointed for a period up…