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...

  • Pemra seeks ARY News response to IB complaint against 'fake news'

    The Pakistan Electronic Media Regulatory Authority (Pemra) on Saturday directed ARY News to respond to a complaint filed by the Intelligence Bureau (IB) against its report on a list of lawmakers suspected of links with banned militant groups allegedly compiled by the IB...

    The list first came to light when ARY News programme 'Power Play' aired a report on Sept 25 claiming that former prime minister Nawaz Sharif had directed the IB on...

  • Pemra serves notices to ARY, Bol News over 'fake' news regarding cabinet reshuffle

    The Pakistan Electronic Media Regulatory Authority (Pemra) has issued show-cause notices to ARY News and Bol News for airing news items regarding a reshuffle in the federal cabinet and change in the portfolios of some federal ministers, it emerged on Tuesday...

    The two media outlets had aired the news on Monday morning about a possible reshuffle in the posts for Minister for Finance and Minister of State for Interior held by Asad Umar...

  • SHC stays allotment of 21,000 forest acres for industries

    KARACHI: The Sindh High Court on Friday restrained the provincial authorities from allotting over 21,000 acres of forest land in Sujawal and other districts for industrial purposes and from dispossessing the farmers from there...

    A two-judge bench headed by Chief Justice Faisal Arab was hearing a petition of Basharat Ali and others, the farmers living on the forest land
  • Promising performance of large industries

    Industries have also invested in capacity building...

    In the last fiscal year, LSM growth came on the heels of higher public sector spending on construction and infrastructure, improved security situation, generous bank lending to private sector at low interest rates, better access of industries to gas and electricity supplies and a 3...

  • Centre has assured Sindh of no gas outage for industries, Qaim tells SITE body

    However, we are exploring the ways and means to hand over the collected amount to SITE Limited for development of the infrastructure of SITE area,” he said and directed Industries Secretary Ms Shazia to float a summary for the purpose...

    The meeting was attended by Qasim Siraj Teli, Zubair Motiwala, Principal Secretary to CM Alamuddin Bullo, Karachi Commissioner Shoaib Siddiqi, Industries Secretary Shazia, Local Government Secretary...

  • Efficient use of water by industries stressed

    LAHORE: World Wide Fund for Nature Pakistan (WWF-Pakistan) in collaboration with Cleaner Production Institute (CPI) organised a training workshop on Best Water Management Practices (BWMPs) for leather industries at the Sialkot Chamber of Commerce and Industry (SCCI)...

    The workshop was attended by general managers and engineers from 26 industries...

  • Hospitals, industries violating environmental laws

    ISLAMABAD: Minister for Climate Change Senator Mushahidullah Khan told the Senate on Thursday that both hospitals and industries were violating environmental laws on the safe disposal of hazardous waste...

    “There are gaps as far as compliance is concerned both by hospitals and industries...

  • ‘Plastic is mother of all industries’

    Mr Zakaria Usman, Patron-in-chief Pakistan Plastic Manufactures Association (PPMA) said plastic is the mother industry of all industries and many countries in the world like Malaysia, Indonesia, Taiwan, Korea had developed by promoting their plastic industry...

  • PHC stays recovery of gas cess from industries

    PESHAWAR: The Peshawar High Court on Thursday stayed the recovery of arrears on account of Gas Infrastructure Development Cess (GIDC) from around 450 CNG stations and industrial units by the Sui Northern Gas Pipelines Limited (SNGPL) for the period for which the superior courts had declared the levy of such cess illegal...

    After holding a preliminary hearing into six almost identical petitions, a bench comprising Chief Justice Mazhar...
  • Auto, aerospace industries warm to 3D printing

    EDEN PRAIRIE: New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries...

    Stratasys says the applications of the robotic technology are broad and could also be utilised in the oil and medical equipment industries...

  • Rs1.5bn package for reviving Bara industries welcomed

    Expressing his satisfaction over restoration of peace in the terrorism-affected Bara sub-division, Haji Tibat Shah, a power loom owner, told Dawn that all the five clusters of silk industries, including Karegar Garhai, Sultan Garhai, Malak Garhai, Nasir Garhai and Zulfiqar Garhai, were now secured as the security forces and local Khasadar and Levies force had established various checkposts there...

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