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Pakistan defeats India by 3 wickets in thrilling Under-19 Asia Cup clash 'Pakistan may need 12 administrative units', says Defence Minister Khawaja Asif Mustafa Kamal faces mounting criticism as Hajj and Umrah vaccine controversy intensifies Japan rocked by 5.7 magnitude earthquake as more than 20 people suffer injuries Robert Pattinson shakes up 'James Bond' race with surprise entry PM Shehbaz Sharif honors Azerbaijan’s victory, pledges Pakistan’s continued support Pakistan earmarks rs300 billion in export financing exclusively for SME exporters World Bank downgrades Sindh reform program to 'moderately satisfactory' Pakistani astronaut to become first foreigner on China's space station US consortium proposes $4.4 billion LNG project in Pakistan Pakistan defeats India by 3 wickets in thrilling Under-19 Asia Cup clash 'Pakistan may need 12 administrative units', says Defence Minister Khawaja Asif Mustafa Kamal faces mounting criticism as Hajj and Umrah vaccine controversy intensifies Japan rocked by 5.7 magnitude earthquake as more than 20 people suffer injuries Robert Pattinson shakes up 'James Bond' race with surprise entry PM Shehbaz Sharif honors Azerbaijan’s victory, pledges Pakistan’s continued support Pakistan earmarks rs300 billion in export financing exclusively for SME exporters World Bank downgrades Sindh reform program to 'moderately satisfactory' Pakistani astronaut to become first foreigner on China's space station US consortium proposes $4.4 billion LNG project in Pakistan

Karachi Heist: Rs15m looted from foreign company staff

Karachi Heist: Rs15m looted from foreign company staff

KARACHI: Armed robbers looted more than Rs15 million from employees of a foreign company in the city’s Fishery area, police said on Monday.

According to officials, a Korean company operating in the Fishery was in the process of shutting down its factory and had withdrawn funds to settle dues, including bonuses, for its employees.

Police said the company’s cashier had withdrawn Rs14.4 million from a private bank located within the Fishery premises, while another Rs760,000 was already in his possession.

According to police, as soon as the vehicle reached the company from the bank a few steps away, five armed suspects riding on three motorcycles surrounded them. During the heist, the robbers snatched a weapon from the security guard and fled after seizing both bags of cash.

According to police, the investigation has been started and CCTV is also being obtained.

Investigators suspect that an insider from the factory staff may have been involved in the heist, but added that a final conclusion can only be reached after a detailed inquiry.

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