Business & Commerce

Business & Commerce
Coca-cola and PepsiCo to invest $1.4bn in Pakistan
Prime Minister Imran Khan met executives from Coca-Co and PepsiCo; as per an announcement by the Government of Pakistan, the two major beverage companies will be investing $1.4bn in Pakistan over the next five years. Mike Spanos, PepsiCo’s Asia, Middle East and North Africa CEO, headed the delegation that visited Pakistan to pledge making further investment of $1.2bn in the next five years. Coca-Cola has already invested over $500m in…
Pakistan’s IT exports surpass $1 billion mark
Business & Commerce Technology
Pakistan’s IT exports surpass $1 billion mark, making history!
For the first time in history, Pakistan’s IT exports have crossed the $1 billion mark, underlining the significant progress that has been made in this field over the past decade. While the Pakistani economy is currently weathering some difficult times, the silver lining provided by the IT and e-commerce arena portends better times ahead if the country’s economic managers make the right investments in the technology sector. According to data…
telstar-18 Pakistan-made footballs to make their presence felt in 2018 FIFA World Cup
Business & Commerce Sports
Pakistan-made footballs Telstar 18 to make their presence felt in 2018 FIFA World Cup
While Pakistan may not be participating in the upcoming 2018 FIFA World Cup in Russia, the country will nevertheless be making its presence felt at the mega event, as a Sialkot-based sports goods manufacturing firm Forward Sports will be manufacturing the official football of the sporting extravaganza, called the Telstar 18. This was announced by the Ministry of Commerce last week. The same firm has also had the distinction of having…
Tourism in Pakistan: Tourist traffic to Pakistan hits 1.75 million mark in 2017
Business & Commerce
Tourist traffic to Pakistan hits 1.75 million mark in 2017
With the security situation in the country improving by leaps and bounds in recent years, Pakistan’s potential as a tourist hotspot is also gradually being realised. APP reports that tourism in Pakistan has increased by 300 per cent over the last few years, with the Pakistan Tourism Development Corporation (PTDC) confirming that 1.75 million tourists visited the country in 2017. Around 30 per cent of the travelers were domestic. The…
Business & Commerce
Pakistan among top 5 in the world for infrastructure investment
Pakistan’s reputation as a fast emerging investment destination received a boost when a World Bank report cited the country to be among the top five in the world to have received the most private infrastructure investment in 2017. Pakistan saw an investment inflow of $5.9 billion last year, becoming the leading South Asian country to have received such a huge amount for infrastructure projects. The other countries making up the…
Pakistan’s e-commerce sector all set to cross $1b in 2018
Business & Commerce Technology
Pakistan’s E-commerce sector all set to cross $1b in 2018
Pakistan’s E-commerce sector has been on a constant upward trajectory in recent years, with the rise of e-commerce portals and online shopping in the country, which have taken off in a big way. Consequently, looking at the growth of the country’s e-commerce sector, the Pakistan Telecommunication Authority, in its annual report for 2017, had estimated that the sector’s size would balloon to $1 billion by 2020. However, just a few months…
Business & Commerce
Japanese companies rate Pakistan among top investment destinations
Pakistan’s image as a regional hub for foreign investment received a boost recently when the Japan External Trade Organization (JETRO) in its survey of Japanese companies operating in Asia, rated the country among the top destinations for Japanese investors. According to APP, JETRO President Yasushi Akahoshi revealed this information to Board of Investment (BoI) Chairman Naeem Y Zamindar during a meeting the two recently held in Tokyo. The outcome of…
Boost for Pakistani retail sector: Entry of Hayat Group and Inditex Group
Business & Commerce
Boost for Pakistani retail sector: Entry of Hayat Group and Inditex Group
The growth of Pakistani retail sector has received further impetus with news that a leading Turkish conglomerate is set to invest $150 million in the country. According to The Express Tribune, Hayat Group will be entering the fast moving consumer goods segment through its subsidiary Hayat Kimya, and will be focusing on the manufacturing of products in the hygiene, tissue and home care categories. An official from Hayat Group, while…