Govt likely to increase taxes on infant milk in upcoming budget
Taxes on bakery items and spices also likely to increase
Cigarette revenue plummets as illicit trade evades taxes worth Rs240b annually
Pakistan is reeling from a staggering loss of Rs. 240 billion annually due to rampant tax evasion by illicit cigarette traders, according...
Philip Morris claims tobacco sector at risk as illegal cigarette trade skyrockets
ISLAMABAD: Pakistan's documented tobacco sector is facing a grave threat as the illegal cigarette market continues to skyrocket, resulting in substantial losses...
Coca Cola requests FBR to reduce FED on beverages to 16% in FY24 budget
ISLAMABAD: Coca Cola beverages has asked the Federal Board of Revenue to reduce Federal Excise Duty (FED) on beverages from 20% to...
Pakistan General Cosmetics Authority bill approved to regulate cosmetics industry
Global cosmetic market currently valued at $341b
Sugar price hike has nothing to do with exports, says PSMA
LAHORE: The Pakistan Sugar Mills Association (PSMA) has categorically rejected a news item which appeared in a section of the media that...
High food prices continue to plague KP residents after Ramzan
PESHAWAR: Residents of Khyber Pakhtunkhwa (KP) are voicing their frustration with the local district administration's inability in controlling food prices that have...
Cigarette smuggling increases by 39%, claims largest cigarette company
70 new cigarette brands have cropped up in the last two months
FIA starts inquiry into monopoly, irregularities in food ministry’s department
ISLAMABAD: The Federal Investigative Agency (FIA) has launched an investigation into the alleged irregularities and monopoly of private firms in the Department...
FMCGS have great second quarter
Nestle Pakistan and FrieslandCampina Engro half-year results show a robust FMCG sector
Thinking outside the wrapper: How local brands like Candi can compete with Lotus
The local versions at times taste pretty much the same as their expensive, imported, counterparts. So why aren’t they creating ripples?
Najam Sethi appoints ex-PSL marketing head as Mitchell’s new CEO
Mitchell’s Fruit Farms Limited (MFFL), in a notification issued to the Pakistan Stock Exchange (PSX), has announced the appointment of Naila Bhatti...
The lockdowns devastated consumer spending, but food and pharmaceutical companies remain resilient
Pakistan consumer companies, a handy catch-all term, is a bit of a misnomer. The trajectory of a company’s revenue and profitability depends...
Consumer sector profits dip 26pc in 2019
LAHORE: The profitability of Pakistan’s consumer sector- staples, pharmaceuticals and discretionaries- witnessed a decline of 26pc year-on-year in 2019, led by consumer...
Lahore-based B2B marketplace gets Y Combinator’s backing
Tajir, a Lahore-based B2B marketplace for mom and pop stores, has finally made it to Y Combinator to capture local market.
The new...