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Citi Pharma Limited (CPHL) announced that its wholly owned subsidiary, Citi Veterinary Limited (CVL), has commenced operations in Pakistan’s veterinary healthcare market, launching 32 products and targeting a turnover of Rs1.5 billion in FY25-26, with plans to scale operations to Rs10 billion within three years. The pharma disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. CVL is initially launching 32 veterinary products, including vaccines, with Letters of Credit (LCs) already established for 8 products to ensure timely availability and supply. “For the financial year 2025-26, Citi Veterinary Limited is projecting an expected turnover of…

A fleet of large barges in the People’s Liberation Army has been assigned hull numbers, suggesting they have entered service in what would be Beijing’s latest move to deter Taiwan militarily.Internet users spotted three advanced specialised island-landing vessels from the “Dong Gong” series docked at a beach in mainland China in June, each bearing a hull number in the sequence 401 to 403.The markings mean the ships serve in the PLA’s Eastern Theatre Command, according to Song Zhongping, a former Chinese military instructor, who said that “the character ‘dong’ also conveys the concept of the East Sea Fleet”.The character dong…

MILAN (AP) — After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his heirs to sell an initial 15% minority stake in his vast fashion empire, with priority to the French conglomerate LVMH, the eyewear giant Essilor-Luxottica or the cosmetics company L’Oreal.Armani gave control of 40% of his business empire to his longtime collaborator and head of menswear Leo Dell’Orco, and another 15% each to niece Silvana Armani, the head of womenswear, and nephew Andrea Camerana, according to his business will posted online Friday by the Italian daily La Repubblica. The Armani Foundation, which…

Oracle shares retreated on Thursday after a record AI-driven surge in the previous session that put the company closer to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world’s richest person title. The enterprise software maker’s remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on the scramble for computing power from companies that are pouring billions to become leaders in the AI race. Oracle’s shares fell about 4% after climbing as much as 35.9% on Wednesday. The company’s market valuation rose to a record $933 billion, as of last close, but…

Selling pressure gripped the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 1,700 points during the second half of the trading session on Friday. At 4:20pm, the benchmark index was hovering at 154,397.14, a decrease of 1,744.10 points or 1.12%. Selling was observed in key sectors including commercial banks, fertiliser, oil and gas exploration companies, refinery and power generation. Index-heavy stocks, including NRL, HUBCO, MARI, OGDC, PPL, POL, MCB, MEBL, NBP and UBL, traded in the red. On Thursday, PSX closed the session in negative territory as profit-taking dominated the trading floor, snapping the bullish streak seen…

Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee maintained its positive momentum against the US dollar, appreciating marginally in the inter-bank market on Friday. At close, the rupee settled at 281.55, a gain of Re0.01 against the greenback. This was the rupee’s 26th successive gain against the greenback. On Thursday, the local unit closed at 281.56. Internationally, the US dollar remained under pressure on Friday as a surge in US jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond. The dollar…

Malaysia’s most famous shopping centre edged closer to a damaging boycott after threatening to throw out a second group of pro-Palestine protesters carrying flags, prompting calls for a mass gathering inside the plaza after Friday prayers.The management of Suria KLCC shopping arcade – at the bottom of the Petronas Twin Towers in Kuala Lumpur – made headlines after a scuffle broke out on Sunday between security and pro-Palestinian supporters who entered the venue at the end of a rally.The protesters were later forcibly removed from the shopping mecca, as security said the flagpole they were carrying posed a threat to…

China has become the leading source of foreign investment in a growing, state-fostered Thai industrial cluster, backed by commitments to help build a light-rail line, design an “aerotropolis” and possibly develop property in the area, an official from the Southeast Asian country said.From 2019 to 2024, Chinese investors have received go-ahead certificates for projects worth US$8.4 billion – 16 per cent of all investment in the Eastern Economic Corridor cluster, which covers three provinces – according to Korthong Thongtham na Ayutthaya, acting director for a division of the corridor.Only Thailand itself had been cleared to invest more in the corridor,…

Russia and Belarus on Friday launched a long-planned joint military exercise involving thousands of troops that has raised concern in the West.The exercises, dubbed “Zapad 2025,” or “West 2025,” are held in Belarus and Russia and will last through Tuesday. They are intended to showcase close defense ties between Moscow and Minsk, as well as Russia’s military might as it fights its 3½-year-old war in neighboring Ukraine. The maneuvers follow an incursion of Russian drones into Polish airspace earlier this week which fueled longstanding fears that the hostilities in Ukraine could trigger a wider conflict. The Russian military said it…

LONDON (AP) — Britain’s Prince Harry has arrived in Ukraine for a surprise visit in support of wounded service members.Harry’s representatives confirmed they were in the capital, Kyiv, on Friday, though they declined to discuss the prince’s schedule for security reasons.This is the second time Harry has visited Ukraine since the start of Russia’s full scale invasion in 2022. He made a trip to the western city of Lviv in April.“We cannot stop the war but what we can do is do everything we can to help the recovery process,” Harry told the Guardian newspaper while on an overnight train…