Pakistan News

    Engro Foods Pakistan Annual Report 2010

  • 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...

  • Dutch firm buys Engro Foods for $450m

    KARACHI: Engro Corporation has finally entered into an agreement with a Netherlands-based dairy cooperative to sell up to 51 per cent shares in its subsidiary Engro Foods at an estimated cost of $448 million...

    The transaction has been billed as the single largest private sector foreign direct investment (FDI) in Pakistan in recent years...

  • Action sought against authorities for not implementing 2010 flood report

    LAHORE: The Lahore High Court has been asked through a writ petition to issue directions to the Punjab government to take action against the authorities concerned for not implementing recommendations given by a 2010 Flood Inquiry Commission to avoid floods and destruction...

    Advocate Pir Muhammad Ali Gilani, chairman of the Human Safety Commission of Pakistan, in his petition stated that this year floods were damaging public property,...

  • Labs provided equipment for testing fortified foods

    LAHORE: A two-day international workshop that concluded here on Tuesday provided laboratory equipment and training to eight public laboratories for testing fortified foods...

    Training was provided to lab staff of Pakistan and Afghanistan by German expert Dr Anna Zhenchuk...

  • FDA to cut trans fats from processed foods

    NEW YORK: The US Food and Drug Administration on Tuesday made good on its proposal to effectively ban artificial trans fats from a wide range of processed foods, from microwave popcorn to frozen pizza, saying they raise the risk of heart disease...

  • Chinese firm keen on acquiring Fauji Foods

    KARACHI: The Chinese state-owned Inner Mongolia Yili Industrial Group Ltd — the dairy manufacturing industry — has shown interest to acquire up to 51 per cent of voting shares and control of Fauji Foods Ltd (FFL)...

    In separate announcements to the stock exchange, Citibank NA Pakistan and the associated company of FFL said its total paid-up shares stand at 528...

  • WHO concerned over sugary baby foods

    COPENHAGEN: Commercial baby foods often contain too much sugar and display confusing ingredient lists, according to a UN report that proposed new guidelines on Monday to improve infant diets...

    The WHO noted that while foods that naturally contain sugars, such as fruits and vegetables, can be appropriate in young child diets, “the very high levels of sugars present in commercial products is a cause for concern”...

  • ‘SA leadership approved 2010 World Cup payment’

    JOHANNESBURG: Football’s world governing body faced fresh pressure on Saturday, after media reports the highest levels of South Africa’s government approved a $10-million payment that US investigators suspect was a bribe to get the 2010 World Cup...

    “President Mbeki spoke with the leadership of the 2010 World Cup local organising committee,” Sports Minister Fikile Mbalula told the Beeld newspaper when asked who decided to pay the...

  • Land grabbers convicted in only five cases since 2010

    KARACHI: While an anti-encroachment court and a special force were established in the metropolis in 2010 for the speedy trial of land grabbers besides retrieving public property by razing illegal structures, the purpose of the entire exercise has largely remained fruitless with merely 10 per cent conviction rate so far...

    The provincial assembly had passed Sindh Public Property (Removal of Encroachment) Act in September 2010 to...

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