Pakistan News

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  • Dutch company to acquire Engro Foods Ltd

    KARACHI: A Dutch dairy cooperative is set to buy out food giant Engro Foods Limited with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history...

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's...
  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Entertainment spots under attack: a chronology

    PARIS: Concert halls and clubs have become prime terror targets in the past 15 years, with the latest attack coming late on Monday in Manchester...

    Here is a recap of the main attacks:Manchester concertOn May 22, a powerful blast kills at least 22 people and wounds 59 at the 21,000-capacity Manchester Arena after a concert by US singer Ariana Grande
  • Sovereign fund to invest in new Saudi entertainment city

    Saudi Arabia announced plans on Saturday to build a 334 square kilometer "entertainment city" south of the capital Riyadh, to feature sports, cultural and recreational facilities including a safari and a Six Flags theme park...

    US-based Six Flags announced in June that it had begun talks with the Saudi government to build theme parks as part of Saudi Arabia's Vision 2030 efforts to expand its entertainment sector and diversify the...

  • South Korean entertainment powerhouses taking a bite out of culinary world

    HALLYU (the term is used to refer to the growing popularity of Korean entertainment and culture) continues to forge ahead around the globe, with Korean pop music (K-pop) powerhouses unrelenting in finding new ways to spread Korean culture, even if it means venturing outside the entertainment field...

    One of the biggest current trends in the South Korean entertainment community involves celebrities and entertainment agencies taking a...

  • BuzzFeed splits itself into news, entertainment departments

    Online media outlet BuzzFeed will split itself into two new departments that will focus on news and entertainment, CEO Jonah Peretti wrote in a memo sent to employees...

    The move to create two departments - BuzzFeed News and BuzzFeed Entertainment Group - comes at a time when online media companies are grappling with the balance between covering news and politics, and lighter fare like social media, entertainment and lifestyle...

  • 'This signals a new era in Saudi': Locals groove to the beat as entertainment opens up in KSA

    RIYADH: With pumping hip hop beats and electrifying dancers, Saudi Arabia has launched what's being hailed as an entertainment revolution for the ultra-conservative kingdom, which usually tightly restricts music, dance and theatre...

    That is about to change, according to the kingdom's General Authority for Entertainment, which has lined up WWE wrestling, Arabs Got Talent performances, a food festival, comedy, Monster Jam motor sports...

  • Saudi grooves to new beat as entertainment opens up

    RIYADH: With pumping hip hop beats and electrifying dancers, Saudi Arabia has launched what’s being hailed as an entertainment revolution for the ultra-conservative kingdom, which usually tightly restricts music, dance and theatre...

    That is about to change, according to the kingdom’s General Authority for Entertainment, which has lined up WWE wrestling, Arabs Got Talent performances, a food festival, comedy, Monster Jam motor sports...

  • Sony Entertainment CEO exiting for a top role at Snap

    Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering...

    The Venice, California-based company has made a push into news and entertainment content, a strategy that heightened competition with social networks such as Facebook...

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