Cosco MD Mr. Chen Zhu shot dead in Karachi, Pakistan

News Image

MG News | February 06, 2018 at 02:14 PM GMT+05:00

The head of Cosco in Pakistan has been shot dead in what police said appeared to be a targeted attack.

Chen Zhu, 45 and Managing Director of Cosco Saeed Karachi Shipping Pvt. Ltd, was shot in the head when unknown gunman opened fire on his car, while he was accompanies by another Chinese national. At least 10 shots were fired at the car.

“The incident appears to be targeted attack, (it) doesn’t look like a mugging,” Azad Khan, Deputy Inspector General of Karachi’s South Zone, told Reuters.’

According to the local police two other foreign nationals were attacked at lunch time in Karachi’s Chinatown.

"After having lunch, they moved towards Neelum Colony opposite Zamzama Park for purchasing vegetables/fruits. They were sitting in their vehicle," said the statement released by the Sindh Police.

"They were sitting in the vehicle parked on the road. Suddenly, a well-built assailant opened fire from the front side of the vehicle, critically injuring Mr. Chen Zhu," added the statement. 

The other foreign national, who was slightly injured in the attack, has been taken into protective custody. Chen did not have any security detail with him at the time of the attack.

Related News

Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M
1.30%
2237.52
ALLSHR 104,178.62
550.40M
0.93%
964.13
KSE30 52,166.33
164.58M
1.26%
649.19
KMI30 250,496.48
141.11M
1.59%
3930.77
KMIALLSHR 67,844.06
318.73M
1.20%
801.29
BKTi 47,430.11
44.68M
0.28%
130.40
OGTi 36,386.96
9.01M
0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,150.00 74,165.00
73,715.00
435.00
0.59%
BRENT CRUDE 91.89 92.95
89.93
-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00
-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00
-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35
-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90
0.14
1.01%

Chart of the Day


Latest News
May 30, 2026 at 04:31 PM GMT+05:00

Weekly Market Roundup


May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn


May 29, 2026 at 08:19 PM GMT+05:00

Petrol, HSD prices drop Rs22 per litre


May 29, 2026 at 07:19 PM GMT+05:00

Sindh, World Bank review Karachi water network



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg