Pakistan News

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  • 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”...

  • India seeks to speed up foreign deals with ‘one-stop shop’

    NEW DELHI: India’s finance ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said...

    Hitherto, both the government and the Reserve Bank of India (RBI) had shared oversight of direct investment and indirect purchases through proxy instruments...

  • Sweet Ruby wins feature event at LRC

    LAHORE: Four-year-old bay filly Sweet Ruby put up an excellent performance to clinch the feature event during the Lahore Winter Meeting at the Racecourse here on Sunday...

    Malik-trained filly, Sweet Ruby backed at 40 t0 100 beat bay horse Jeevan by over six lengths in the Brumal Plate for class six event run over the sprinting distance of 1,100 metres in a smart timing of one minute 6 3/5 seconds, ever recorded by an unknown pedigree...

  • Children from Sweet Homes pay tribute to APS attack victims

    ISLAMABAD: The children of Pakistan Sweet Homes (PSH) gathered in front of the National Press Club on the eve of the first anniversary of the Army Public School (APS) attack to pay tribute to the martyred children and show solidarity with the survivors...

    Most of the orphans in Sweet Homes have lost their parents to the war against terrorism,” he said...

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