Abid Abdullah, executive director Jang group, has been kidnapped last night at gun point near Jang press in Hayatabad industrial estate bordering Khyber Agency.
Six to eight armed men were involved in the crime, the driver of Abdullah said in the FIR.
Abdullah's driver told police that unidentified gunmen intercepted their car late in the evening and moved Abdullah into another vehicle, and sped away.
The motive behind the kidnapping was not clear.