Finance Minister Mohamed Uranzib expected that the tax rate will reach 10.6 % by the end of the current fiscal year, a step towards the average range of the government is 13 % under the 37 -month fund facility (EF) with the International Monetary Fund (IMF). Speaking during a session with the S & P … Read more
The Supreme Sindh Court ruled that the Greente Holdings Limited, and the director of the TRG Pakistan’s general presentation, can extend the acceptance period for re -purchase until April 15, 2025, if chosen. However, the temporary residence order of the court will be issued as soon as this extended period ends. Previously, the court issued … Read more
TPL Corp Limited, in cooperation with ABHI (Private) Limited, has completed the acquisition of a majority stake in Finca Microfinance Bank Limited, the company announced to deposit shares on Friday. This deal represents the conclusion of a process that was revealed for the first time in November 2024. According to a statement issued by TPL … Read more
The Competition Commission of Pakistan (CCP) has approved the acquisition of 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited. This transaction represents a significant development in the microfinance sector in Pakistan, as the two entities acquired stakes from the bank’s existing shareholders, including FINCA Microfinance Coöperatief UA, the … Read more
Islamabad: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 50 percent shares of M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating within the Swiss Gunvor Group. Under the terms of the purchase and sale agreement, these shares will be transferred from M/s. TotalEnergies Marketing Services … Read more
Nvidia, the American semiconductor giant, is seeking European regulatory approval for its proposed $700 million acquisition of Israeli artificial intelligence startup Run:ai, following a request from the Italian antitrust watchdog. Although the acquisition does not meet the EU’s usual revenue threshold for review, the Italian Competition Agency has cited potential risks to fair competition within … Read more