Murree Brewery crosses $100 million in revenue for the first time
Pakistan’s monopoly alcoholic beverages company grows its non-alcoholic product line despite a slowdown in consumer spending
Business groups oppose front-of-pack warning labels on packaged foods, citing risks to formal sector
Industry leaders warn the move could widen gap with informal sector and raise taxes on formal food products
Ministry proposes 20% health tax on processed foods, beverages
Health Ministry recommends higher excise duties on sugary and processed items, with the goal of curbing unhealthy consumption and generating more revenue for public health initiatives
Lt Gen Anwar Ali Hyder (Retd) elected Chairman of Fauji Foods
Leadership change effective November 26, 2024
Coca-Cola sales drop in Pakistan, Turkey after boycott calls
McDonald’s and KFC are also facing a challenging environment amid calls to boycott due to perceived links to Israel amid the conflict in Gaza
Matco Foods launches new corn sugar plant in Karachi
The company processes and exports rice, rice protein, rice glucose, pink salt, condiments and spices, dessert mixes etc and its new plant has a capacity to produce 4,000 metric tons corn sugar per year.
Govt likely to increase taxes on infant milk in upcoming budget
Taxes on bakery items and spices also likely to increase
LHC suspends PFA ban on ghee production
LAHORE: The Lahore High Court suspended operation of a notification issued by the Punjab Food Authority (PFA), which envisaged a ban on...
Daily items being sold above govt rates in most parts of the country: Weekly Price Monitor report
ISLAMABAD: Traders in most parts of the country are not enforcing government determined prices and are still selling everyday commodities at higher...
Coca-Cola revenue tumbles as lockdowns hammer soda sales
Coca-Cola Co reported a 28 per cent drop in adjusted quarterly revenue on Tuesday as sales of its sodas were battered by...
PepsiCo’s results beat as lockdowns boost snack sales
PepsiCo Inc beat analysts’ estimates for quarterly revenue and profit on Monday, as people stocked up on its snacks including Tostitos, Cheetos...
Vegan startup substituting meat raises $241 million from IPO
Beyond’s rival Impossible, meanwhile, has linked up with Burger King to offer a vegan version of its signature Whopper. Nestle and Unilever are also aiming to expand their presence in the expanding sector.
How Tetra Pak helped bring packaged milk to Pakistan
As recently as the early 1970s, Pakistan had just one dairy plant that was owned by a company called Milko Limited, and...
Mongolia Yili given ninety-day extension to make public offer for 51% voting shares in Fauji Food
At the end of July, Inner Mongolia Yili Industrial Group Co had submitted an investment intention letter to acquire a 51 percent majority stake in Fauji Foods
The next phase of the milk wars
Engro Foods and Nestlé Pakistan have been engaged for years in a stiff competition for a share of the Pakistani consumer’s wallet, but the hard part is yet to come