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$5.15 million

German retailer to pay $5.15m to Baldia factory fire victims

KARACHI: German discount clothes retailer KiK has agreed to pay another $5.15 million in compensation to victims of one of Pakistan's worst-ever industrial accidents, the company said in a statement. The sum will come on top of the $1 million (890,000 euros) KiK paid out in late 2012 in the wake of the devastating fire at the Ali Enterprises factory in Karachi that killed at least 255 people, the company said. "KiK has voluntarily taken on responsibility for those affected, because this aid was a real concern for us,"…