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...

    8 billion from foreign institutional investors, local institutions and general public
  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    Under the provisions of Corporate Restructuring Companies Act 2016 with an initial paid-up capital of Rs500 million, the banks have decided to establish the Corporate Restructuring Company (CRC) — first of its kind company in the country
  • Sectarian tension in Hyderabad localities subsides

    HYDERABAD: Residents of Gujrati Para, Gulshan-i-Hamid and some other localities held a protest demonstration after Juma prayers against some statements made by the prayer leader of the Jama Masjid Rais, located in neighbouring Gulshan-i-Rais, a couple of days back...

    The protesters raised slogans against the prayer leader, belonging to their rival sect, and claimed that the statements he made during his speech hurt their religious...
  • Murder, rape convict executed in Hyderabad

    A man convicted of rape and murder was executed early Tuesday morning at the Hyderabad Central Prison...

    Magistrate Azhar Shamail was present at the time of Sikandar Ali Joyo's hanging while Prison Chief Zia-ur-Rehman confirmed the convict's death
  • Anti-drugs rally held in Hyderabad

    HYDERABAD: A rally against drugs was taken out by a number of students of public and private schools and colleges along with scores of police officials on Thursday...

    It was aimed at conveying a message to the youth: “Say no to drugs
  • Three-day Sufi festival gets under way in Hyderabad

    HYDERABAD: A three-day festival titled ‘Sindh Sufi melo’ was inaugurated by by Sindh Senior Minister for Food and Parliamentary Affairs Nisar Ahmed Khuhro in Hyderabad Club on Sunday...

    The festival, organised by the provincial auqaf department, was originally to be inaugurated by Chief Minister Syed Murad Ali Shah but he could not turn up owing to his preoccupations
  • MQM-P activist Dr Naushad shot dead in Hyderabad

    A sector in-charge of Muttahida Qaumi Movement-Pakistan (MQM-P), Dr Naushad, was shot dead by unidentified assailants in Hyderabad on Wednesday, DawnNews reported...

    The MQM leader, a veterinary doctor, was returning home after dropping off his children at school
  • Hyderabad GOC stresses importance of education, art

    HYDERABAD: Education is an inevitably significant source of development whereas art plays a role in character-building of the youth of the country...

    This was stated by General Offi­cer Commanding (GOC) Hyder­abad Major General Mohammad Ali on Tuesday while addressing the inauguration ceremony of a one-day art exhibition highlighting sacrifices of Pakistan Army rendered on Sept 6 in 1965 and those of police as well as Rangers personnel
  • SHC summons Hyderabad jail chief in detention case

    HYDERABAD: The Sindh High Court Hyderabad circuit bench comprising Justices Mohammad Ali Mazhar and Shoukat Ali Memon on Tuesday directed the additional advocate-general (AAG) to ensure presence of the Hyder­abad central jail superintendent in court at 1pm on May 13...

    The AAG informed the bench that the jail chief, Ejaz Hyder, was appearing in the SHC principal seat at Karachi in his personal case
  • Ibtesam, Bilal guide Hyderabad to second win

    HYDERABAD: Mohammad Ibtesam and Bilal Khan made major contributions as Hyderabad completed their second win in the PCB Regional Inter-district (Hyderabad region) Under-19 Cricket Championships when they outclassed Sanghar by innings and 38 runs at the Niaz Stadium on Sunday...

    Leg-spinner Ibtesam grabbed 6-47 as Sanghar were all out for 193 in their first innings with Kamran Rehmani scoring a gutsy 105 (16 fours and one six)
  • Sadia’s six-for destroys Hyderabad

    KARACHI: Slow left-armer Sadia Yousuf returned astonishing bowling analysis of six wickets for just four runs as Omar Associates outgunned Hyderabad by 10 wickets to move into the Super League round of the 10th Mohtarma Fatima Jinnah National Women’s Cricket Tournament in Muridke...

    After Hyderabad had elected to bat first at the Lahore Country Club Ground, they mustered a measly total of 65 before Omar Associates achieved victory...
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