KARACHI: South Korea’s Lotte Chemical has sold approximately 75 per cent of its stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for $68.94 million (98 billion won), the company announced on Thursday. The move is part of Lotte Chemical’s portfolio restructuring under a government-backed programme aimed at supporting loss-making petrochemical operations amid weak […]
petrochemicals
Pakistan, Saudi Arabia Sign MoUs to Boost Cooperation
KARACHI: Pakistan and Saudi Arabia have signed two memorandums of understanding (MoUs) to strengthen cooperation in information technology and sports, marking a new phase in their growing partnership focused on youth development and innovation. The signing ceremony took place at Governor House Karachi in the presence of Prince Mansour bin Mohammad bin Saad Al Saud […]