Pakistan News

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  • Millions attend Arbaeen commemoration in Karbala

    KARBALA: An estimated 14 million pilgrims thronged Karbala on Friday to mark the annual Arbaeen commemoration, as Baghdad looks to wipe out the militant Islamic State group that has targeted their branch of Islam...

    More than two million Iranian pilgrims also crossed the border into Iraq for Arbaeen, an Iranian official said...

  • Two million pilgrims descend on Iraq for Arbaeen

    TEHRAN: More than two million Iranian pilgrims have crossed the border into Iraq for the annual Arbaeen pilgrimage to be celebrated on Thursday, an Iranian official said on state television...

    Arbaeen marks the end of 40 days’ mourning by Shias in memory of the seventh century martyrdom of the Imam Hussain...

  • 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...

  • 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...

    Earlier on March 3, FrieslandCampina announced that it intended to acquire up to 51pc of voting shares of Engro Foods in line with local takeover laws...

  • Engro Foods’ profit drops by 25pc to Rs2.4bn

    KARACHI: Engro Foods posted a net profit of Rs2...

    “We attribute the decline in revenue to a heated competition in the dairy segment owing to the entrance of new players (Dostea, CupShup etc), especially in the tea-whitening category, which has affected the sale of Engro Foods’ largest dairy brand Tarang,” according to Topline Securities...

  • 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”...

  • Apple opens map development office in India's Hyderabad

    NEW DELHI: Apple said Thursday it will open a development office in Hyderabad, as its chief executive Tim Cook continued his India charm offensive with an investment boon to one of the country's top technology hubs...

    It pits Apple against Google, which has made maps a key focus of its attempt to forge inroads in India, a vast but largely untapped Internet market where almost a billion people are still not online...

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