From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Exclusive: Iraqi PM Pitches 'Trilateral Business Opportunities' to Iran, US Iraq's prime minister did not deliver a ceasefire proposal by the Donald Trump administration during his recent visit to Iran, senior sources in […]
By John Lee. Pakistan's Citi Pharma has said it has not made a decision regarding the establishment of a pharmaceutical manufacturing facility in Iraq. In a statement to the Pakistan Stock Exchange (PSX) on Thursday, the company blamed social media for spreading inaccurate information, and said it had only recently become aware of the reports. […]
By John Lee. [Update: On 16th October 2025, Citi Pharma clarified to the Pakistan Stock Exchange that no decision had been made to open a factory in Iraq. Our article below was based on a post that Citi Pharma published on its own Facebook page, in which it clearly states, "We are excited to announce […]
By John Lee. The Najmat Al-Samawah (NAS) joint venture, led by Pakistan's Lucky Cement, has successfully fired the kiln for its new clinker production line in Samawah, The line has a capacity of 1.82 million tons per annum (MTPA). An additional cement grinding plant with a capacity of 0.65 million tons per annum is under […]
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has received a payment of $6 million from Iraq's state-owned Midland [Middle] Oil Company (MdOC), in relation to the conclusion of its Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and Wasit […]
By John Lee. Pakistan Petroleum Limited (PPL) has announced that its subsidiary, PPL Asia E&P B.V. (PPL Asia), has reached what it describes as "a mutually favourable settlement" with Iraq's state-owned Middle Oil Company, successfully concluding all matters relating to the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in in the Diyala and […]
By John Lee. Iraq's Council of Ministers has approved a settlement terminating Pakistan Petroleum Limited (PPL)'s contract for Exploration Block 8. The recommendation to terminate came from the Ministerial Council for Energy, and involved the state-controlled PPL and the Ministry of Oil's Middle Oil Company. The settlement agreement includes closing all mutual obligations by paying […]
Kurdistan Region Strengthens Commercial Ties with Pakistan On Wednesday, October 11, 2023, Kamal Muslim, the Minister of Trade and Industry for the Kurdistan Regional Government (KRG), held a meeting with Ahmed Amjad Ali, the Ambassador of Pakistan to Iraq. During the meeting, both parties discussed strategies to enhance bilateral trade relations, with a special emphasis […]
By John Lee. Pakistan's Federal Board of Revenue (FBR) has initiated negotiations on the Convention for the Elimination of Double Taxation with respect to Taxes on Income and on Capital and the Prevention of Tax Evasion and Avoidance with the Republic of Iraq. In this connection, tax delegations of both the countries met at Islamabad […]
By John Lee. Pakistan's Lucky Cement Limited has announced a major expansion of its plant in Samawah, Iraq. In a statement to the Pakistan Stock Market today (Thursday), the company said it will add a new clinker production line with a capacity of 1.82 million tons per annum (MTPA). The Najmat-Al-Samawah (NAS) facility is a […]
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
