Growing pains: Unity Foods raises equity to finance working capital needs
Rapid revenue growth for the company has meant that it keeps running up against limits to borrowing and needs to finance its working capital by issuing more shares in the stock market
Govt distributes over 3m sacks among wheat growers
ISLAMABAD: Over 3.022 million sacks (bardana) of 100 kg have so far been distributed among farmers across the grains producing areas of...
Licences of 28 mills suspended after flour crisis, LHC told
LAHORE: At least 204 mills were found involved in the wheat shortage that led to the flour crisis in the country, a...
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.
Tuna sells for record $3 million in auction at Tokyo’s new fish market
TOKYO: The owner of a Japanese sushi restaurant chain on Saturday set a record by paying more than $3 million for a...
Punjab Food Authority declares 61 ghee, cooking oil brands ‘unhealthy’
PFA has declared 61 ghee and cooking oil brands unhealthy for usage and has further seized 47,233 litres of ghee and cooking oil
Purchasing power wanes as rupee depreciation stings consumers and businesses
The rupee's depreciation has impacted consumer appetite and contributed to restaurants profit margins being squeezed as they attract fewer customers
PARC becomes ‘white elephant’?
Ministry of National Food Security and Research declines additional funds worth Rs1.32 billion for PARC
For a food-loving city, Asad Sheikh provides a much-need curator
Foodies ‘R Us is a Facebook group that has grown into becoming one of the most recognised curators of food across Pakistan through its partnership with Coca Cola
ECC instructs to make USC operational again to stabilize food commodity prices
Currently, USC’s monthly sales stand around Rs1 billion and sitting on an inventory worth Rs4.5 billion
That unmistakable Shezan touch
Not the most highbrow or fashionable of either the bakeries or restaurants, Shezan has the kind of consistency and reliability that makes it stand out and rub shoulders with the best of the best in business
Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
Food exports surge 29.28pc to over $4.797 billion
Wheat exports went up from $1.038 million to $236.339 million, showing growth of 22668 per cent
PPA announces a decrease in chicken prices
Pakistan Poultry Association (PPA) announced a decrease in the price of chicken at the rate of Rs12 per kg to provide relief to people.
Shan Foods, intent on spicing it up with a listing on the bourse
With disposable incomes on the rise, the Pakistani international spices giant not just doubles its size in the last three years, but with new products and an acquisition part of its expansion plans, the family-run business is evaluating tapping into funds from the capital market