Matco signs agreement for expansion of rice glucose and rice protein plant
KARACHI: Matco Foods Limited has signed an agreement with Beijing Meckey Engineering Co for the supply of a rice glucose manufacturing plant with a capacity of 20,000 tonnes...
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 the current...
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
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 to the...
Govt likely to increase taxes on infant milk in upcoming budget
Taxes on bakery items and spices also likely to increase
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...
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,...
P&G to buy Merck’s consumer health unit for $4.2 billion
OHIO: Procter & Gamble (P&G) has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands...
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...
Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor” held in Lahore and Karachi
KARACHI: Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor”, the latest animation movie by ARY Films and 3rd World Studios...
Engro’s third quarter profit rises 62pc YoY
LAHORE: Engro Corporation, on Monday, in a board of directors meeting held in Karachi approved its financial results for the quarter ended March 31,...
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 entirely on...
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...
Pakistan General Cosmetics Authority bill approved to regulate cosmetics industry
Global cosmetic market currently valued at $341b
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 failed to...
