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Company who wants to restructure debt of $ 1 billion

Weightwatchers, the virtual nutrition mark that now functions as WW International, has deposited for bankruptcy protection of Chapter 11 as it struggles to adapt to a new era dominated by weight loss drugs such as Ozempic and Wegovy. The New York -based company announced on Tuesday that it will restructure $ 1.15 billion debt for the best position for long -term survival. Managing Director Tara Comonte assured customers and investors that the brand remains dedicated to “science, holistic solutions”, even when traditional nutrition programs face a reduction in relevance. “The decisive actions we take today, with the overwhelming support of

February 4, 2025

News Desk

Why does Trump seek to restructure USAID?

President Donald Trump is depicted with Elon Musk (right) during UFC 309 at Madison Square Garden on November 16th 2024 – Reuters Washington: US President Donald Trump plans to merge the country’s International Aid Office, USAID, to the Ministry of Foreign Affairs in the context of a wider shake aimed at cutting staff and boosting the costs of aid according to “America” ​​policy. Trump has commissioned Elon Musk, the billionaire to direct his attempt to shrink the federal government to oversee the project. On Sunday, Trump said that USAID “had been run by a bundle of radical crazy and we

Engro, Dawood Hercules to restructure shares

KARACHI: The boards of directors of Dawood Hercules Corporation Limited (DH Corp) and Engro Corporation Limited (Engro Corp) have provisionally approved a proposal to restructure their shares, with the aim of enhancing investment opportunities for the business. The restructuring plan is subject to final approval by the board of directors and shareholders. The proposed restructuring seeks to enhance investment opportunities by aligning the investment strategies of both companies. Despite delivering healthy returns to shareholders, the challenging external environment calls for a more expansive and adaptable investment approach, especially amid difficulties in making large-scale investments. The restructuring proposal aims to facilitate

February 4, 2024

News Desk

Caretaker government forms high-powered body to restructure FBR

The Secretary of the Treasury is the final authority with respect to operation, jurisdiction or dispute resolution Federal Board of Revenue Headquarters in Islamabad. — APP/File The I&ADC to monitor the work of sub-committees to resolve any disputes. Ensuring fair distribution of available financial resources. Legal committees for the drafting of legislative acts in the tax laws. ISLAMABAD: The caretaker government has constituted a high-powered Implementation and Asset Distribution Committee (I&ADC) to take all required actions to restructure the Federal Board of Revenue (FBR). According to a release from the Ministry of Finance, Revenue and Economic Affairs, the Minister of

January 25, 2024

News Desk

IRS appeals to ECP to restructure FBR

Islamabad: The Inland Revenue Service (IRS) has approached the Election Commission of Pakistan, urging the electorate to prevent the caretaker government from what it considers an “illegal and unconstitutional” restructuring of the Federal Board of Revenue (FBR). The petition was filed during the opening meeting of a federal cabinet subcommittee, which remained unclear on Wednesday. A day earlier, the cabinet had formed a committee of six ministers to discuss the proposal to overhaul the FBR. The cabinet had also refused to approve the outline for the restructuring of the FBR, citing lack of clarity and questioning the legal mandate of

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