HYDERABAD: May 07 –
Children bathing under hand pump to get relief from scorching hot weather at Tando Hyder.
HYDERABAD: May 07 –
H.E. Nicolas Galey, Ambassador of France to Pakistan called on Minister for Defence & Defence Production Khawaja Muhammad Asif.
ISLAMABAD: May 06 –
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ISLAMABAD: May 06 – Minister for Defence & Defence Production Khawaja Muhammad Asif, presenting a souvenir to H.E. Nicolas Galey, Ambassador of France.
SECP approves PIA’s scheme of arrangement
ISLAMABAD, May 06 (APP):The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan International Airlines Corporation Limited (PIA) and PIA Holding Company Limited (HoldCo).
Earlier this year, the Federal Cabinet approved the legal segregation plan of PIA and the Scheme and, inter alia, directed the Aviation Division, PIA, and HoldCo to undertake the required corporate and regulatory actions to implement the Scheme.
Last month, the scheme was also approved by the shareholders and creditors of PIA, said a press release issued by the Commission.
The restructuring entails the legal separation of PIA’s core aviation business from its non-core activities and the transfer of its non-aviation-related business from PIA into Holdco.
The approval of the scheme paves the way for Holdco to own 100% shareholding in PIA and simultaneous issuance and allotment of shares by Holdco to the qualifying shareholders of PIA.
Farmers busy in cutting wheat crop in their field.
FAISALABAD: May 06 –
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FAISALABAD: May 06
Pakistan, Japan discuss bilateral cooperation in industry, food security
ISLAMABAD, May 6 (APP):Japanese Ambassador to Pakistan, Wada Mitsuhiro, here on Monday met with Federal Minister for Industry and Food Security, Rana Tanveer Hussain.
According to a press statement, both sides discussed matters of mutual interest, including bilateral cooperation and the challenges faced by Japanese automakers in Pakistan.
Rana Tanveer Hussain expressed Pakistan’s desire to strengthen its friendship with Japan, which he said was a close friend of Pakistan. He highlighted the significant role Japan can play in Pakistan’s auto industry and expressed the hope that more Japanese companies will invest in Pakistan.
The minister assured that the current government is committed to providing facilities to investors for the development of industry and agriculture, which is their top priority. He also emphasised the importance of food security and the need for cooperation between the two countries in this sector.
The meeting aimed to explore opportunities for bilateral cooperation and strengthen economic ties between Pakistan and Japan.
Federal Minister for Economic Affairs Ahad Khan Cheema meets with President of Asian Development Bank (ADB) on the sidelines of the 57th Annual Meeting of the Board of Governors in Tbilisi.
GEORGIA: May 06 –
Players in action during cricket match played between Karachi Women and Lahore Women cricket teams during National Women’s One Day Cricket Tournament 2024 at Iqbal Stadium.
FAISALABAD: May 06 –
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FAISALABAD: May 06 –
Labourers busy in preparing bangles at local bangles factory.
HYDERABAD: May 06 –
A family enjoying boat ride at Indus River.
HYDERABAD: May 06 –
Gold rates up by Rs 2,500 per tola to Rs 240,500
ISLAMABAD, May 6 (APP):The per tola price of 24 karat gold increased by Rs 2,500 and was sold at Rs. 240,500 on Monday compared to its sale at Rs.238,000 on last trading day.
The price of 10 grams of 24 karat gold also increased by Rs 1,257 to Rs 206,190 from Rs 204,047 whereas the prices of 10 gram 22 karat gold went up to Rs 189,007 from Rs 187,043, the All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs 2,620 and Rs 2,254.80 respectively.
The price of gold in the international market increased by $21 to $2,322 from $2,301, the Association said.