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
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...
Govt likely to increase taxes on infant milk in upcoming budget
Taxes on bakery items and spices also likely to increase
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.
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
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...
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...
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.
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...