Multinationals Snapping Up Pakistani Companies For Growth
From the Blog riazhaqTwo multinational giants acquired 2 Pakistani companies in just the last week alone as part of their growth strategy to establish presence in Pakistan. Dutch dairy giant FrieslandCampina acquired 51 % of Karachi-based Engro Foods Limited, the second largest dairy producer in Pakistan. In the same week, Turkey's Arcelik announced purchase of Dawlance, Pakistan's market-leading home appliance maker. Both cited opportunity for double-digit growth in the emerging market as the main reason for their acquisitions. *Pakistan's Emerging Market Upgrade:* Earlier in June, Morgan Stanley announced its decision that Pakistan's MSCI shares index will be upgraded from frontier to emerging market status. Pakistan's Karachi Stock Exchange KSE100 Index has rallied 14% in 2016, making it Asia'pakistanblogs.blogspot.comRead Full Post
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