KARACHI, Aug 29: Tufail Chemical has signed an agreement with Desmet Ballestra of Italy for setting up a 40,000 tons per annum sulphonic acid plant at Port Qasim. The plant, which will start production in first quarter of 2009, will save foreign exchange of up to $100 million per year by import substitution, says a press release.

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KARACHI: The Allied Bank has singed an agreement with Anjum Asim Shahid Rahman (AASR), a member firm of the Grant Thornton International for licencing and implementation of Customer Assets Management System (CAMS), says a press release.