Tag Archives: Company

Weinstein Company to develop video games

Weinstein Company to develop video games

LOS ANGELES – The Weinstein Company is getting into the video game business. On Friday it announced the launch of TWC Games, which will publish games for mobile, social, and console platforms. Properties in The Weinstein Company and Dimension Films catalog include ‘Scream,’ ‘Hellraiser,’ ‘Halloween,’ ‘Scary Movie’ and others.
“The video game marketplace is changing at such a rapid rate. With all of the digital platforms, there are so many opportunities to broaden our audience

SC questions $233.7m security contract with foreign company

ISLAMABAD – The Supreme Court on Tuesday issued notices to the federation, directing it to file para-wise comments against a petition challenging a commercial contract worth $233.7 million awarded to a foreign company for an extravagant security venture in Islamabad and Peshawar.
A two-member bench of Chief Justice Iftikhar Muhammad Chaudhry and Justice Ghulam Rabbani was conducting hearing on a petition filed by Shahid Orakzai that challenged the commercial contract which was

First FDA-approved pharma company in the offing

KARACHI – Pakistan is currently importing pharmaceutical products worth Rs 1.5 billion every year, owing to the inability of local pharmaceutical industry and monopoly of some multinational companies. But with the establishment of the first FDA approved pharmaceutical company, Pakistan would not only cut pharma imports bill but also local pharma products would enter in the US and European markets.
These remarks were made by Allmed Solutions (Allmed Group of Companies) Director

Sindh govt issues warning to Chinese power company for poor performance

KARACHI – The Sindh government has issued a termination warning to a Chinese company over the firm’s non-tangible progress and non-performance for the development of coal mine-mouth power generation project of 250MW in District Thatta.
According to a letter written to China National Machinery Import and Export Corporation (CMC) Project Manager Wang Xuequn by the Coal and Energy Development Department Sindh, the current state of affairs of the firm’ project is not in line with

Danish food company starts Pakistani dates import

ISLAMABAD – Leading Danish Food Company Castus has commenced import of Pakistani dates from southern of Pakistan to produce healthy fruit bars for children in Denmark. It plans to import around 800 tonnes of dates each year with a total value of $650,000. This is the first time that Pakistan will be exporting dates to Denmark and it aims to develop a new niche for Pakistani products on the Danish market.
Castus is a well known Danish enterprise which has been producing fruit bars

‘No company will invest here if Tethyan is barred’

ISLAMABAD – Economic experts have termed the detachment of Tethyan Copper Company from exploring of gold and copper from Recko Diq mineral project as very harmful for country’s economy, adding that no other company will invest in Pakistan in prevailing law and order situation if the company is prevented from exploring the minerals.
Reacting over this important issue, the experts said that the economic situation is worst in the country, adding that Federal Board of Revenue clearly

Power company gets 3 days to return Rs 780m

ISLAMABAD – The Supreme Court on Friday gave another deadline to Techno Energy, a Sialkot-based firm, to refund a mobilisation advance of Rs 780 million along with a mark up by January 17 for its failure to import machinery for a 150MW rental power project despite keeping the amount for over two years.
A three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Ghulam Rabbani and Justice Khalilur Rehman Ramday, was hearing a suo motu case involving allegations of

Reko Diq gold mines – Petition in SC against mining company

LAHORE – A contempt of court petition has been filed in the Supreme Court’s Lahore Registry against Tethyan Copper Company for launching a wrong propaganda about its gold mining business in Chagai district, Balochistan, and hiding facts about the quantity of gold reserves in Balochsitan’s Reko-Diq mines.
The petition was filed by Watan Party President Shaukat Khan through Barrister Zafar Ullah Khan, stating that Tethyan Copper Company has started a wrong propaganda through

Australian oil company hands over 49 homes to flood victims

ISLAMABAD – An Australian oil and gas company operating in Pakistan has handed over 49 houses, built at a cost of Rs 6.0 million, to the flood victims’ homeless families in Isakhel district of Mianwali, to mitigate their sufferings in the severe winters.
The houses have been constructed at one of the worst hit villages at Sharifabad in Isakhel, located along the Kunhar river and have been provided to the widows and the elderly on priority. The Combined Engineering and Integrated

SNGPL collector claims company owes it a fortune

LAHORE: A private company that was tasked with recovering bad debts of SNGPL is now after SNGPL to get recovered its money from it, Pakistan Today has learnt on Saturday.
Documents available with Pakistan Today revealed that three years ago Sui Northern Gas Pipeline (SNGPL) has commissioned a private firm namely KAP Associates for recovering bad debts worth Rs 234 million from different industrial units and individuals.
The company was given eight cities for recovering the

SECP shuts operations of fraudulent company

ISLAMABAD: The Securities and Exchange Commission of Pakistan has shut down fraudulent activities of M/s. BizNas.Com Pakistan (Private) Limited.
A timely action by the SECP’s Karachi-based Companies Registration Office (CRO) has closed the fraudulent company and hence saved a large number of prospective investors from losing their hard-earned money.
The Sindh High Court has passed an order for compulsory winding up of the company under section 305 of the 1984 Companies