Sindh High Court - City Magazine

Foods

Crescent Star Foods to Merge with PICIC Insurance Following Court Approval

Crescent Star Insurance Limited has announced a significant corporate development after the Sindh High Court approved a scheme of arrangement for the merger of its subsidiary, Crescent Star Foods Pvt Ltd, into PICIC Insurance Limited. The update was formally disclosed through a notice submitted to the Pakistan Stock Exchange. Under the court-approved plan, Crescent Star…

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Business

Sindh High Court Rules Lapsed Sugar Subsidy Cannot Be Revived

The Sindh High Court has dismissed a series of petitions filed by 16 sugar mills seeking the release of an inland freight subsidy that was approved years earlier but never disbursed. The court ruled that the subsidy had effectively lapsed and could not be revived through judicial intervention, marking a significant decision for Pakistan’s sugar…

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