Pakistan News

    Coca Cola Beverages Pakistan Ltd Karachi Snob

  • Coca-Cola to invest $350m in Pakistan

    ISLAMABAD: A delegation of the Coca-Cola Company, led by its President Eurasia and Africa Group Nathan Kalumbu, met Finance Minister Ishaq Dar on Thursday and briefed him about the company’s investment plans in Pakistan...

    Take a look: Two sponsors decline to join US brands in demanding Blatter quitsNathan Kalumbu apprised the finance minister that encouraged by the economic turnaround and stability achieved by Pakistan in the last...

  • Coca-Cola buys coffee chain Costa for 3.9 bn

    Coca-Cola on Friday said it had agreed to buy global coffee chain Costa from its UK owner Whitbread for 3...

    “Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand," Coca-Cola chief executive James Quincey said in a joint statement...

  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Alfalah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank at the State Bank of Pakistan (SBP) headquarters...

  • SMOKERS’ CORNER: THE COLA WARS

    In February 2003, the BBC News website reported that during a protest rally at Hyde Park in London bottles of a new cola brand Mecca Cola were distributed free of cost to the protesters...

    Mecca Cola was launched in November 2002 by a Tunisian businessman settled in France...

  • Dutch company to acquire Engro Foods Ltd

    KARACHI: A Dutch dairy cooperative is set to buy out food giant Engro Foods Limited with an investment of around $460million, in what would amount to the largest private sector takeover by a foreign firm in the country's history...

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the...

  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Hanging out with beverages and juices

    42bn in total assets, produces beverages, juices, pickles, sauces, jams and ketchup...

    Shezan International was incorporated in 1964 as a joint venture between Alliance Industrial Development Corporation (AIDC) of the US and Shahnawaz Group of Pakistan...

  • ‘Fake beverages thriving due to high tax rates, harming industry’

    In a letter to the National Assembly Standing Committee on Finance, a leading beverage company said the corporate income tax rate is exceptionally high in Pakistan, at around 34 per cent, unlike the global average of 22-23pc...

    On the other hand, indirect taxes like Federal Excise Duty (FED) at 11pc on various goods, and high sales tax of 17pc have pushed up retail prices while reduced the purchasing power of ordinary consumers in...

  • ‘Sin tax’ on the anvil for cigarettes, sugary beverages

    ISLAMABAD: After continued lobbying by civil society, Minister for National Health Services (NHS) Aamer Mehmood Kiani announced on Tuesday that soon a ‘sin tax’ will be imposed on cigarettes and sugary beverages...

    “Various routes will be used to increase the health budget,” he maintained, “and one of them is imposing a sin tax on tobacco products and sugary beverages...

  • PIA stops serving hot beverages on flights

    RAWALPINDI: The Pakistan International Airlines has discontinued serving ‘hot beverages’ on domestic and international flights to limit interactions between passengers and crew as the travellers would be only served pre-packaged cold beverages...

    In domestic sectors, only cold beverages will be served as no tea or coffee will be served, the PIA decided...

  • Karachi operation is completely apolitical, stresses Corps Commander Karachi

    KARACHI: Corps Commander Karachi Lt Gen Naveed Mukhtar said Saturday that the Karachi operation is completely apolitical, adding that it will continue without any discrimination...

    Speaking at a seminar organised by the National Defence University at a private hotel in Karachi, the corps commander said, "I assure citizens that our struggle against terrorism will continue unabated...

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