Recent Press Releases
UAE Minister of Environment and Water to Open Middle East Smart Landscape Summit
ABU DHABI, UNITED ARAB EMIRATES–(Marketwired / Asianet-Pakistan – May 24, 2013) – The UAE Minister of Environment and Water, His Excellency Dr. Rashid Ahmad Bin Fahad is confirmed for the ribbon-cutting ceremony at the inauguration of the Middle East Smart Landscape Summit taking place on 27-28 May at the Jumeirah at Etihad Towers in Abu [...]
BIOTRONIK Announces Completion of Enrollment in IMPACT Study to Investigate Stroke Risk Reduction in Patients With Atrial Fibrillation
IMPACT Study Evaluates the Use of BIOTRONIK Home Monitoring(R) for Early Detection of Atrial Fibrillation, Combined With an Anticoagulation Plan for Stroke Risk Reduction BERLIN–(Marketwired / Asianet-Pakistan – May 23, 2013) – BIOTRONIK, a leading manufacturer of innovative medical technology, announced today that enrollment has been completed for the highly anticipated IMPACT study. The study [...]
An account pursuant to the State Bank of Pakistan Act 1956, for the Week ended the 17th May, 2013
Karachi, May 23, 2013 (PPI-OT): STATE BANK OF PAKISTAN An account pursuant to the State Bank of Pakistan Act 1956, for the Week ended the 17 May, 2013 ISSUE DEPARTMENT LIABILITIES Rs. Rs. ASSETS Rs. Rs. Notes held in the I.A.Gold Coin and Bullion 299,596,631,000 Banking Department 103,886,000 Silver Bullion Special Drawing Rights held with [...]
Coty Inc. to Purchase Established Southeast Asian Distributor
- Global Beauty Company Confirms Acquisition of StarAsia NEW YORK, May 23, 2013 /PRNewswire / Asianet-Pakistan – Coty Inc., an emerging leader in global beauty, is pleased to announce the agreement to acquire StarAsia, an established distributor of beauty products in the markets of Southeast Asia (Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam) from [...]
Islamic Development Bank Triples Authorised Capital to US $150 Billion
DUSHANBE, Tajikistan, May 22, 2013 (GLOBE NEWSWIRE / Asianet-Pakistan) — The Islamic Development Bank’s Board of Governors (BoG) today approved to more than triple the Bank’s authorized capital to 100 billion Islamic Dinars (about US$150 billion) from 30 billion, reflecting the Bank’s strong balance sheet and the growing economic development needs of its 56 member [...]
American Capital Energy & Infrastructure Expands Investment Team, Appoints Senior Advisors
ANNAPOLIS, Maryland, May 22, 2013 /PRNewswire / Asianet-Pakistan – American Capital Energy & Infrastructure announced today that is has expanded its global investment team with two new members: Lisa Pinsley, Director of Africa Investments and Pol Mijares, Senior Associate. The company also appointed Peter Bird and Venu Nambiar as Senior Advisors. The team will focus on [...]
Ranbaxy Announces Improved Business Standards and Quality Assurance Initiatives
TOKYO, May 22 /Kyodo JBN-AsiaNet / Asianet-Pakistan – Ranbaxy Laboratories Limited (hereafter, Ranbaxy), a subsidiary of Daiichi Sankyo Co., Ltd. (hereafter, Daiichi Sankyo), announced on May 22 the actions that Ranbaxy has taken in recent years to address past conduct under prior management (http://www.daiichisankyo.com/media_investors/media_relations/press_releases/index.html). Daiichi Sankyo continues to support Ranbaxy in its efforts to address [...]
Business News
KASB Securities Limited and Economics Research- The Keystone – Equities
Karachi, May 24, 2013 (PPI-OT): KSE-100: RSI doing the trick Finally, the RSI which yesterday reached the recent high of 89.70 seemingly caused a breather and was aided by weakness emanating from stocks which led the recent rally. According to KASB Securities Limited importantly, RSI appears to have found a critical resistance area which has [...]
Company News
Asian Stocks Fund Limited’s acquisition of shares
Karachi, May 24, 2013 (PPI-OT): This is with reference to your letter reference KSE/C-962-2521 dated May 14, 2013 regarding the captioned subject, received in this office on May 17, 2013. According to our records, pursuant to, the acquisition of 386,500 shares by Firozuddin Cassim, his shareholding in Asian Stocks Fund Limited (ASFL) is now 18, [...]
Official News
Capital Development Authority to launch Bus Rapid Transit Service in Islamabad: Mustafain Kazmi
Islamabad, May 24, 2013 (PPI-OT): The Capital Development Authority is planning to launch Bus Rapid Transit service in the federal capital to facilitate the citizens. This was said by Syed Mustafain Kazmi, Member (Planning and Development) CDA while addressing the business community at Islamabad Chamber of Commerce and Industry (ICCI). He said CDA is also [...]
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