Saudi Arabia, Qatar to provide $5B financial assistance to Pakistan amid debt repayment obligations to UAE

Islamuddin Sajid and Aamir Latif 11 April 2026•Update: 11 April 2026 Saudi finance minister met Pakistani premier, assuring Islamabad of Riyadh’s financial support Saudi Arabia and Qatar will provide Pakistan $5 billion in financial assistance, enabling Islamabad to avert stress on the country’s weak foreign reserves while making external payments by June, Pakistani official sources…

Scottish furniture manufacturer falls into liquidation due to ‘unsustainable’ operations

The Kilmarnock-based Rakkaus Furniture produced bespoke “Scandinavian-inspired” made-to-order furniture for offices and other businesses across the country since it was founded in 2017.   According to recent documentation lodged with Companies House, the business’s founder and director, Christopher Arkley, agreed to wind up the company voluntarily following a sustained decline in its orders from customers, which…

₹2.92 Crore Insolvency Plea Against GLS Films Dismissed Over Pre‑Existing Dispute: Supreme Court Restores NCLT Order [Read Order]

In a recent ruling, the Supreme Court of India set aside a National Company Law Appellate Tribunal (NCLAT) order that had admitted an insolvency petition against GLS Films Industries Pvt. Ltd., holding that there existed a plausible pre‑existing dispute between the parties prior to the demand notice under the Insolvencyand Bankruptcy Code, 2016 (IBC). Chemical…