Business Desk - Madzine - Page 3

Tuesday, June 3 2025

Pakistan The New Hotspot For Global Investors

Pakistan The New Hotspot For Global Investors

Business Desk February 14, 2025

Some of the world’s leading asset managers are paying attention to Pakistan’s stock market following an impressive 84% return in […]

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Can Musk's Bold Bid Spark A New AI Era?

Can Musk’s Bold Bid Spark A New AI Era?

Business Desk February 13, 2025

In a bold move shaking up the tech world, a consortium led by Elon Musk has submitted a staggering $97.4 […]

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Is Pakistan's Economy Turning A New Leaf?

Is Pakistan’s Economy Turning A New Leaf?

Business Desk February 10, 2025

Since the strongly contested elections held on February 8 last year, Pakistan’s economy has faced its fair share of challenges. […]

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Asia-Pacific's Economic Resilience in a Evolving World

Business Knowledge Hub

Asia-Pacific’s Economic Resilience in a Evolving World

Business Desk August 9, 2024

The Asia-Pacific region is pivotal in its economic trajectory, with significant shifts occurring in the global landscape. These shifts, driven by […]

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Indus Motors Company

Indus Motors Company Loses Embezzlement Appeal, Executive Acquitted

May 30, 2025 Nizam Khaskheli

In a significant blow to M/s Indus Motors Company Limited, the High Court of Sindh at Karachi today dismissed its appeal to overturn the acquittal of former senior executive Tariq Mehboob Cheema. Mr. Cheema, accused of criminal breach of trust and fraud causing losses of over Rs. 8.5 million, has been fully acquitted, with the […]

Priyanka Devi Acquitted in U.S. Visa Fraud Case: Court Cites Legal Flaws

May 30, 2025 Nizam Khaskheli

Today, the High Court of Sindh at Karachi acquitted Ms. Priyanka Devi of a conviction under Section 471 of the Pakistan Penal Code (PPC), which pertains to using a forged document as genuine. The decision overturns an earlier judgment by the Additional Sessions Judge-II, Karachi (South), which had upheld Ms. Devi’s conviction but altered her […]

Beach Luxury Holdings

Beach Luxury Holdings merger greenlit by High Court

May 29, 2025 Nizam Khaskheli

In a significant move for the Pakistani corporate landscape, the High Court of Sindh, Karachi, has sanctioned a complex Scheme of Amalgamation involving Beach Luxury Holdings (Pvt.) Ltd. and its associated companies, Spencer & Company (Pvt.) Ltd. and Physons (Pvt.) Ltd.. The order, issued on April 24, 2025, by Justice Adnan Iqbal Chaudhry, approves a […]

National Foods Limited

National Foods Limited wins customs duty and sales tax exemption

May 28, 2025 Nizam Khaskheli

In a ruling that could ease the path for industrial development within its Special Economic Zones (SEZs), the High Court of Sindh at Karachi has sided with National Foods Limited, overturning earlier decisions that denied the company customs duty and sales tax exemptions on imported prefabricated building structures. The judgment, issued on May 12, 2025, […]

ICI Pakistan

ICI Pakistan reprimanded as court rejects photocopy evidence

May 27, 2025 Nizam Khaskheli

In a significant ruling handed down on February 17, 2025, the High Court of Sindh at Karachi dismissed an application by ICI Pakistan Limited (now Lucky Core Industries Ltd.) to introduce secondary evidence in a 2015 lawsuit seeking to recover over Rs. 26.5 million from Al Abid Silk Mills Limited. The court’s decision hinged on […]

Porsche wins $1.9M suit against Performance Automotive

May 26, 2025 Nizam Khaskheli

In a significant decision for international commerce and arbitration, the High Court of Sindh at Karachi has recognized and moved to enforce a foreign arbitral award in favor of Porsche Middle East and Africa FZE against Performance Automotive (Pvt.) Ltd.. The judgment, issued on May 19, 2025, by Justice Muhammad Osman Ali Hadi, underscores Pakistan’s […]