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Engro to sell 56% stake in EPCL for Rs19.7b

Lotte Chemical acquires country’s only chlor-vinyl complex, CEO says deal will enhance competitiveness ISLAMABAD: Engro Holdings has agreed to sell its approximately 56.19% stake in Engro Polymer & Chemicals Limited (EPCL) to Lotte Chemical Pakistan Limited for approximately Rs19.7 billion, subject to regulatory approvals, the company said on Tuesday. The transaction, under a Share Purchase … Read more

Fuel, wheat push inflation to 11.2%

ISLAMABAD: Inflation surged to 11.2% in August, returning to double digits just after one month, driven by the government’s policy to fully recover fuel costs and taxes from consumers coupled with provincial failures in ensuring wheat supplies that contributed to higher food prices in the country. The Pakistan Bureau of Statistics (PBS) said on Tuesday … Read more

Israeli security agency chief on secret Washington visit for ‘sensitive’ talks with FBI: report

Shin Bet head visit comes days after PM Netanyahu’s son urgently evacuated from US over security threat The head of Israel’s Shin Bet security agency secretly travelled to Washington for talks with FBI officials on “sensitive issues,” Israeli media reported on Monday. Channel 13 said David Zini left for the US capital for meetings with … Read more

Faryal Gohar opens up about abusive marriage as Savera Nadeem discusses family life

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Actors also reflect on their family connection, the changing television industry and Karachi’s decline Veteran actors Faryal Gohar and Savera Nadeem offered contrasting but equally candid perspectives on marriage, family and personal boundaries in a recent conversation. While Gohar spoke openly about enduring nine years of an abusive marriage, Nadeem explained why she has deliberately … Read more