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 to a...
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 discretionaries, where...
Coca-Cola, US State Department to use blockchain to combat forced labour
NEW YORK: Coca-Cola and the United States (US) State Department along with two other companies said on Friday they are launching a project using...
A major multinational has been fined Rs 6 crore for deceptive marketing of their soap. They aren’t the only ones
Unilever Pakistan has been fined for deceptive marketing of its product Lifebuoy. This makes them the third FMCG charged with deceptive marketing in the antibacterial soaps segment
FMCGS have great second quarter
Nestle Pakistan and FrieslandCampina Engro half-year results show a robust FMCG sector
FBR to integrate FMCG manufacturers, wholesalers, and distributors into Digital Invoicing SystemÂ
Plan targets to connect approximately 10,000 FMCG entities with Digital Invoicing System to enhance tax monitoring, curb leakages
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 start-up is...
Shopkeepers’ scam adds fizz to profits
Retail prices of Coke and Pepsi remain unnoticed while retailers overcharge consumers day in, day out by as much as 40 percent – making millions over the top, apparently unnoticed
Fate of Pfizer’s consumer business in spotlight after Merck sells its unit
NEW YORK: With the sale of Merck's consumer healthcare business to Procter & Gamble, the spotlight now shifts to the fate of Pfizer's consumer healthcare unit,...
Nestlé Pakistan announces Rs3.38bn profit after tax, down 17.3pc YoY
LAHORE: Nestlé Pakistan Limited in a notification to Pakistan Stock Exchange (PSX) on Monday, released its financial results for the period ended March 31,...
Losing to loose milk
On a Wednesday evening in one of Karachi’s oldest areas, Lea Market, Samir Rajput is working the phone, trying to seal a deal with...
Is Fauji Foods finally standing on its own two feet?
After years of using the Fauji Foundation as a financial crutch, Fauji Foods reports consecutive profit growth for the first time
Pakistan General Cosmetics Authority bill approved to regulate cosmetics industry
Global cosmetic market currently valued at $341b
Mondelēz: Coming to a shaadi, and eid near you. At least that’s what they’re hoping for
Is an endless balance sheet, and demographics enough to shift cultural trends?
Fauji Foods acquires Fauji Infraveast Foods, cereals business
The move sets the stage for FFL to fulfill its ambition of becoming an FMCG powerhouse in Pakistan
