Owner of Pakistani cola company returns home five days after ‘kidnapping’ – lawyer

In this screengrab, taken from a video posted by ‘Off The School’ YouTube channel on April, 28, 2023, prominent Pakistani businessman Zulfiqar Ahmed speaks about successful business policies during a podcast. (Screengrab/YouTube/@Off-The-School)
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Updated 29 July 2024
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Owner of Pakistani cola company returns home five days after ‘kidnapping’ – lawyer

  • Zulfiqar Ahmed was allegedly abducted by armed men in Karachi on July 23
  • Whereabouts of two of his staffers associated with Cola Next still unknown

KARACHI: A prominent Pakistani businessman, owner of a local cola company among other businesses, returned home in the eastern Pakistani city of Lahore on Sunday, his lawyer said, five days after his “kidnapping” in Karachi in the country’s south.

Zulfiqar Ahmed, the owner of Next Cola, was kidnapped on July 23 after he left his office in Karachi, according to his family.

The vehicle of Ahmed, who is also the managing director of Paracha Textile Mills and Mezan Group, was intercepted by eight armed men in Karachi’s Mauripur area, who abducted him and one of his friends before allowing the latter to go after a while.

Ahmed’s family and his company’s management submitted an application at the Kalri police station in Karachi on the same day, but the police refused to register a complaint, making them go to the Sindh High Court. The court ordered the police to lodge the case on Friday.

Police, however, denied it had refused to register the complaint.

“The family just confirmed to me that Zulfiqar Ahmed has returned home,” Mian Ali Ashfaq, the counsel representing Ahmed and his family, told Arab News on Sunday night.

He said Ahmed returned home to his extended family in Lahore and that he would be in a position to share more details once he spoke with his client.

Asad Raza, deputy inspector-general (DIG) of police in Karachi’s South district where the incident occurred, said Ahmed’s family had confirmed to him that he had returned home safely.

“This is all what could be shared at the moment,” Raza said, when asked further about the case.

The news of Ahmed’s abduction was widely shared by Pakistanis on social media platforms, who demanded authorities take steps for his release.

However, the case was further complicated after two senior staff members associated with Cola Next were also picked up from Lahore and Kasur on Friday, according to Ahmed’s lawyer. The two staffers included Hassan Nawaz, deputy general manager of finance at Meezan Beverage, and Danial Afzal Khan, general manager at Meezan Beverage.

Ahmed’s lawyer, Ashfaq, said since the owner of Cola Next had returned home, his two employees should also be set free soon.

Launched in 2016, Cola Next has gained more visibility in Pakistan amid calls to boycott Coca-Cola for its alleged ties to Israel,  including funding military operations in Palestine. 


Pakistan PM to attend World Economic Forum’s annual meeting in Switzerland next month

Updated 29 December 2025
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Pakistan PM to attend World Economic Forum’s annual meeting in Switzerland next month

  • The WEF meeting, scheduled to be held in Davos on Jan. 19-23, will focus on global challenges, public-private dialogue and cooperation
  • Government, business, civil society and academia leaders will engage in forward-looking discussions to address these issues, set priorities

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif will travel to Switzerland next month to attend the 56th annual meeting of the World Economic Forum (WEF), Pakistani state media reported on Monday.

The WEF annual meeting, themed as ‘A Spirit of Dialogue,’ will be held from Jan. 19 to Jan. 23 in Davos, where world leaders from government, business, civil society and academia will engage in forward-looking discussions to address global issues and set priorities.

Prime Minister Sharif is expected to interact with global leaders and investors on economic challenges, regional and international issues and various opportunities for cooperation.

On Monday, Deputy PM Ishaq Dar presided over a meeting in Islamabad to oversee preparations for Sharif’s upcoming visit to Switzerland to attend the WEF meeting, the Radio Pakistan broadcaster reported.

“Dar instructed to maximize the engagements with the incoming Heads of States, Governments and senior leadership of economic, business and financial institutions,” the report read.

The WEF meeting program will be structured around key global challenges where public-private dialogue and cooperation, involving all stakeholders, is necessary for progress, according to the WEF website.

In addressing these challenges, growth, resilience and innovation will serve as cross-cutting imperatives, guiding how leaders engage with today’s complexity and pursue tomorrow’s opportunities.

Pakistani foreign ministry officials briefed the deputy PM about preparations for the WEF meeting, according to Radio Pakistan. The participants of Monday’s meeting in Islamabad discussed in detail the bilateral component and media engagements during the visit.

“He [Dar] further stressed that opportunities be explored to foster collaboration with private sector business entities,” the state broadcaster said.