Recently, Pepsi and Coke, in a meeting with Pakistan’s finance ministry, assured that they will obtain loans worth around USD 200 million from their parent companies to bring dollars into Pakistan, Dawn reported. The ministry has agreed that their imports of key parts, equipment as well as components for the “concentrate” can only be made through dollars which they will bring into Pakistan. They have also said that the country needs a tax policy that encourages local manufacturing to survive, if not thrive, Dawn reported. It was further highlighted that aerated waters industry was the only one among various water-consuming industries paying “water charges”. (With inputs from PTI)Read all the Latest News, Trending News, Cricket News, Bollywood News,India News and Entertainment News here.

Source: Daily Nation February 04, 2023 09:18 UTC