Pakistan News

    Faisal Spinning Mills Ltd Nooriabad Karachi

  • Scale of child slavery in India's spinning mills 'shocking': research

    Various forms of slavery, including child labour, are present in more than 90 per cent of south India's spinning mills which produce yarn for Western brands, researchers said, calling for mapping of supply chains and tougher audits...

    The India Committee of the Netherlands (ICN), a human rights organisation, spoke to workers from almost half the mills in Tamil Nadu, the largest producer of cotton yarn in the country...

  • Spinning fiscal numbers

    AS Pakistan enters the next round of talks with the International Monetary Fund (IMF) under Post-Programme Monitoring (PPM), the Ministry of Finance has revised crucial financial data through a belated release of the July-September report on the country’s fiscal operations...

    The PPM engagements, running from Dec 6 to Dec 14, are likely to see the publication of Pakistan’s debt management report pending since March
  • Big land owners bow down to money-spinning offer

    MUZAFFARGARH: Some 20 big land owners of Mauza Budh met the DCO on Friday and conveyed to him that they were ready to accept the Rs5 million per acre offer given to them for the purchase of their land for setting up two coal power plants...

    On Sunday last, provincial minister Syed Haroon Sultan Bukhari had visited Mauza Budh and offered land owners Rs5m per acre, but the big land owners purposefully and small ones plainly refused the...
  • Spinning a visit

    “US CALLS for resolution of Kashmir”, tweeted Pakistan’s Permanent Representative to the United Nations, Dr Maleeha Lodhi, after President Barack Obama and Prime Minister Nawaz Sharif concluded their meeting at the White House on Thursday...

    The obvious question that came to one’s mind was if such a high-ranking diplomat, who reputedly carries as much weight with the Prime Minister’s Secretariat as she does with GHQ and the COAS, was...
  • 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...

    "Yes, it is the largest ever deal in the private sector," analyst Faisal Shaji, head of research at Standard Capital Securities, said...

  • 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...

  • MQM worker’s body found in Nooriabad

    HYDERABAD: Muttahida Qaumi Movement (MQM) activist Mohammad Akbar, who was found killed in Nooriabad a few days ago, was buried in Tando Yusuf graveyard on Friday when his family identified him...

    The Nooriabad police found his body near Jokhio turning point on Thursday...

  • Cement factory in Nooriabad shut down for polluting environment

    HYDERABAD/KARA­CHI: The Environ­mental Protection Agency (EPA) got a cement production unit shut down on Tuesday in Nooriabad for repeated violations of environmental laws and an undertaking given by the management of the factory while over 200 other factories in Hyderabad district were sent warning notices for releasing hazardous discharge...

    It was decided in the meeting that action against units creating marine pollution would...

  • Rally racing in Nooriabad sparks interest of locals

    NOORIABAD: As many as 15,000 spectators travelled all the way from Karachi and Hyderabad to enjoy the third Hub Rally, Nooriabad, organised by Toyota Highway Motors in collaboration with Sherwani Motors here on Sunday...

    The newest, shortest and fastest track for the rally racing in Nooriabad is a welcome change as connoisseurs of the rally racing are more used to watching top rally drivers here, including Nadir Magsi, Mukesh Chawla...

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