Pakistan News

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  • PIA to bring back stranded SAI passengers from China

    Keeping in view the hardship being faced by the stranded Pakistani passengers, PIA has agreed to send its aircraft on a request of the SAI, said PIA spokesperson Mashhood Tajwar while responding to Dawn queries on Saturday...

    Earlier, the SAI had approached PIA to get its passengers back home...

  • SAI offices de-sealed, Haj flights to resume tomorrow

    KARACHI: The offices of Shaheen Air International (SAI) were reopened after its management reached an agreement with the officials of the Federal Board of Revenue (FBR), and submitted the bank guarantee worth Rs1...

    The FBR had closed down the offices of SAI a few days ago on account of non-clearance of dues and taxes...

  • CAA dues being paid in instalments: SAI

    KARACHI: The Shaheen Air International (SAI) is paying some dues to the Civil Aviation Authority (CAA) in instalments about which the two have agreed upon, according to SAI representative Zohaib Hassan...

    Mr Hassan said that the SAI had fallen behind on payment of CAA dues on several occasions also in the past, but it had always paid off its dues / arrears...

  • 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”...

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