Author: Manzoor Shaikh
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Pakistan’s Citi Pharma Enters Real Estate Investment Sector with New Subsidiary
PAKISTAN Citi Pharma Limited has announced that the Securities and Exchange Commission of Pakistan (SECP) has granted approval for the reservation of the name “CITI REIT Management Company Limited,” which will be incorporated as a wholly owned subsidiary of the company. In its notification to the Pakistan Stock Exchange (PSX), the pharmaceutical manufacturer described the…
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Agriauto Industries Limited Posts Strong Turnaround as Auto Sector Gains Momentum
PAKISTAN Agriauto Industries Limited (AGIL) has reported a strong financial turnaround for the six months ended December 31, 2025, driven by robust growth in Pakistan’s automotive sector and improving macroeconomic conditions. In its communication to the Pakistan Stock Exchange (PSX), the company noted that Pakistan’s economy remains well positioned to sustain growth in FY2026, supported…
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Sindh High Court Sanctions Merger of Supernet Limited into Supernet Technologies
PAKISTAN Telecard Limited has informed the Pakistan Stock Exchange (PSX) that the Honourable High Court of Sindh at Karachi has sanctioned the merger of its subsidiary, Supernet Limited (SNL), with and into Supernet Technologies Limited (STL). According to the company’s notification, the Court allowed the merger petition and approved the Scheme of Arrangement relating to…
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Sindh, ADB Agree to Advance KCR Revival and Expand Electric Bus Service
PAKISTAN A meeting between Syed Murad Ali Shah and a high-level delegation of the Asian Development Bank (ADB), led by Country Director Emma Fan, reached a consensus on reviving the Karachi Circular Railway (KCR) and expanding electric bus services across Sindh. During the meeting held at the Chief Minister’s House, both sides agreed to enhance…
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Proposed Amendments to Trade Organization Rules Send Shockwaves Through Business Community: FPCCI President
PAKISTAN Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed grave concern over the proposed legislation seeking amendments to the Trade Organization Rules, stating that the move has sent shockwaves across the country’s business community. In a statement, the FPCCI chief said the business community holds serious…