SE Fruits and Vegetable Limited has secured approval from the Securities and Exchange Commission of Pakistan (SECP) to issue and publish the prospectus for its upcoming Initial Public Offering (IPO). The company plans to offer 30 million ordinary shares to investors as part of the public offering, marking a significant step toward its planned listing…
Bread prices have increased by around 8 to 9 percent across Pakistan, adding to the financial pressure on consumers as manufacturers raise prices for the second time this year. Producers have attributed the latest increase to rising operating expenses, including electricity and gas charges, raw material costs and transportation expenses. The latest price revision follows…
The U.S. Food and Drug Administration (FDA) has approved a new once-daily pill for certain patients with advanced pancreatic cancer after clinical trial results showed a significant improvement in survival. The newly approved treatment is intended for patients with metastatic pancreatic cancer who have already received treatment or are unable to undergo combination chemotherapy. The…
Nishat Mills Limited (PSX: NML) has approved a proposed move to exit the dairy business by selling its entire 49.10 percent stake in Nishat Sutas Dairy Limited to its Turkish joint venture partner, Sutas Sut Urunleri A.S. The decision comes as pressure across Pakistan’s dairy industry continues to affect business conditions and weigh on the…
Used coffee grounds, often treated as household and commercial waste, could become a valuable source of renewable fuel, according to a new scientific study. Researchers at Universitat Rovira i Virgili (URV) have developed a relatively simple method to recover oil from spent coffee grounds while keeping the remaining material available for other renewable fuels and…
The federal government has launched a nationwide quality assessment of loose edible oil, ghee, and milk following concerning laboratory findings that revealed a significant number of packaged food samples failed to meet national quality standards. The directive was issued during a meeting of the National Price Monitoring Committee (NPMC) chaired by Planning Minister Ahsan Iqbal.…
Saudi Arabia has announced a new policy requiring Umrah pilgrims from Pakistan, India, Egypt, and Bangladesh to purchase a mandatory Nusuk food voucher, with the cost automatically included in the overall Umrah visa fee. The new requirement will take effect from 1 Rabi ul Awwal and is aimed at streamlining meal arrangements for pilgrims during…
The Sindh government has reaffirmed its commitment to promoting breastfeeding and protecting infant health by announcing stricter enforcement of laws that prohibit the advertising and promotion of infant formula products. The announcement was made as the province officially launched World Breastfeeding Week, marking the beginning of a month-long awareness campaign throughout August. Speaking at the…
Fresh concerns over the safety of energy drinks have emerged after Senator Samina Mumtaz Zehri claimed that consuming Red Bull could trigger serious health complications, including a heart attack. The remarks were made during a meeting of the Senate Standing Committee on Science and Technology, where she urged authorities to strengthen oversight of high-caffeine and…
The Punjab Revenue Authority (PRA) has announced plans to intensify action against major food chains allegedly involved in tax violations across the province. The move comes as authorities seek to strengthen tax compliance and improve revenue collection from businesses operating in the food and hospitality sector. During a recent review meeting, PRA Chairman Moazzam Iqbal…