The Irsa River System (IRSA) has warned the Punjab and the bond against preparing for a water shortage of up to 35 %, as Tarbilla and Mangla tanks approach their dead levels, which raised fears of irrigation supplies during the decisive stage of the RABI season, according to a report. In a letter to irrigation … Read more
US President Donald Trump expected great interest in getting Tiktok and repeating his opposition to Chinese participation in the social media platform. Speaking to the Republican Lecklinrs at the role of the Golf Club in Miami, Trump suggested that the United States must bear a 50 % royal share in a possible joint project that … 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
Companies investing heavily in exploring for precious seabed minerals have urged the International Seabed Authority (ISA) to adopt long-awaited deep-sea mining regulations by 2025, highlighting concerns about the lack of a legal framework. Under UNCLOS, the Homeland Security Agency, based in Jamaica, is charged with protecting the seabed in areas beyond national jurisdiction and supervising … Read more
Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more
ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more
Thatta Cement Company Limited has successfully acquired 12,500,000 shares in Thatta Power (Pvt) Ltd, representing an ownership stake of 26.09% in the company, according to a filing made with the Pakistan Stock Exchange on Tuesday. As a result, Thatta Cement’s total shareholding in Thatta Power increased to 88.52%. This acquisition reflects Thatta Cement’s strategic move … Read more
Oil and Gas Development Company Limited (OGDCL), along with its consortium partners Pakistan Petroleum Limited (PPL) and Government Holding Company (Private) Limited (GHPL), has successfully acquired a 49% working interest in the Miran Block. The exploration and production giant shared this development with the Pakistan Stock Exchange (PSX) through a notification on Wednesday. “We are … Read more
Searle Company Limited has officially denied rumors circulating on social media, especially WhatsApp, regarding its alleged interest in acquiring a 51% stake in Abbott Laboratories. In an official clarification issued by the company, Searle categorically denied any discussions, negotiations or interest in acquiring the Abbott Laboratories stake. “We refer to the recent news circulating on … Read more