MINGORA: Goods worth millions of rupees were reduced to ashes when a fire broke out in a cosmetics factory near Ayub Bridge here on Saturday.

The factory is situated in basement of a building on Kanju road. The workers ran out of the building just when the fire started thus, no casualties were caused.

After receiving information, a fire brigade tender reached the spot and controlled the blaze after rnore than an hour`s struggle.

Shamimuddin, the factory owner, claimed that he had suffered Rs10 million loss in the incident.

There is a furniture factory, a school and some other shops in the same building, which rernained safe in the incident. The reason of fire could not be ascertained, said officials.