PAKISTAN > Renault to Manufacture Vehicles in Pakistan by 2018

renault logo French carmaker Renault is set to enter Pakistan’s rapidly growing car market by opening a manufacturing plant in Karachi by 2018. Renault confirmed that Ghandhara and Al Futtaim Groups will partner with it in manufacturing its vehicles there. Renault’s deal was possible due to Pakistan Government’s rule on new entrants that would allow Renault to import car parts at 10 percent custom fees, while More …

PAKISTAN > Pakistan’s Home Appliance Maker – Dawlance – acquired by Arçelik for $243.2 million

dawlance Turkey based Koç Holding’s home appliance maker Arçelik has completed the acquisition of Pakistan based Dawlance, for  $243.2 million. The company reported that the purchase will take place through Arçelik subsidiary firm Ardutch BV located in the Netherlands . Arçelik also told that they will continue to operate two Dawlance manufacturing sites in Karachi and one in Hyderabad along with More …

PAKISTAN > Dutch FrieslandCampina buys Majority Stake in Pakistan’s Engro Food

frieslandcampina FrieslandCampina, Netherlands based dairy cooperative has signed a share purchase agreement with Engro Corporation of Pakistan to acquire 51 per cent of the shares (about 391 million shares) in its subsidiary Engro Foods Limited. The deal is estimated to cost FrieslandCampina around $448 million and is also the largest private sector foreign direct investment (FDI) in Pakistan in recent years. With More …

PAKISTAN > Chinese state owned power entities vying for controlling stake in Karachi based K-Electric

k-electric State owned Chinese companies are pushing to buy a $1.5 billion controlling stake in K-Electric. K-Electric Limited, formerly known as Karachi ElectricSupply Company Limited (KESC), is at present the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city of Karachi – according to its website. According to K-Electric’s website, it was established More …