approved

Liberty’s acquisition of shares in Sindh Engro Coal Mining Company approved. Who benefits from the deal? D_Trends

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Liberty’s acquisition of shares in Sindh Engro Coal Mining Company approved. Who benefits from the deal? D_Trends

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 11.9% of the paid-up ordinary share capital of Sindh Engro Coal Mining Company (SECMC) by International Electric Power (Private) Limited under a Share Purchase Agreement (SPA).   As per details International Electric Power (Private) Limited, established in March 2024 specifically for this transaction, … Read more

Acquisition of certain funds of Faysal Asset Management by Alfalah Asset Management approved D_Trends

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Acquisition of certain funds of Faysal Asset Management by Alfalah Asset Management approved D_Trends

The Competition Commission of Pakistan (CCP) has approved the acquisition of management rights for certain funds of M/s Faysal Asset Management Limited by M/s. Alfalah Asset Management Limited. This approval follows the execution of a Transfer of Management Rights Agreement between the two entities. Alfalah Asset Management Limited, a public unlisted company, is a prominent … Read more

Rs60 billion approved for Azm-e-Istehkam D_Trends

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Rs60 billion approved for Azm-e-Istehkam D_Trends

ISLAMABAD: The government on Thursday approved Rs60 billion additional funds to carry out Operation Azm-e-Istehkam and would immediately release Rs20 billion, which the military has sought to equip security forces fighting against militants in two provinces. The Economic Coordination Committee (ECC) of the cabinet approved Rs20 billion as a special allocation for Operation Azm-e-Istehkam during … Read more

Umar Farooq approved for Hilal-e-Imtiaz for exposing Toshakhana case Dtrends

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Umar Farooq approved for Hilal-e-Imtiaz for exposing Toshakhana case Dtrends

President Asif Ali Zardari has approved the Hilal-e-Imtiaz for Umar Farooq, the whistleblower who brought the Toshakhana case to light. Farooq, an overseas Pakistani, played a key role in exposing the controversy involving former prime minister Imran Khan and the alleged misappropriation of gifts from the state repository. Farooq is among 104 individuals, both Pakistani … Read more

Rs515b development projects approved D_Trends

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Rs515b development projects approved D_Trends

ISLAMABAD: In stark contrast with Pakistan’s worsening fiscal situation and rising public debt, the government approved 15 development projects on Tuesday, costing a total of Rs515 billion, including a $900 million foreign loan aimed at addressing climate change. The Central Development Working Party (CDWP), which is responsible for sanctioning development projects, held a daylong meeting … Read more