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The acquisition drew attention due to the significant increase in the value of Dawlance Electronics, which had been sold to Pan Asia Equity Limited by Bashir Dawood in 2013 for just $3.3 million. [8] The State Bank of Pakistan sought clarifications regarding the rapid appreciation in the company's value and the potential involvement of Dawood ...
In 2017, Arçelik acquired Pakistan’s Dawlance for $243M. [24] In 2017, Arçelik and Tata Group has announced a new partnership. Arçelik and Voltas will form a joint-venture in India named Voltbek Home Appliances Ltd. This entity will provide manufacturing, sales, and after-sales services for VoltasBeko branded home appliances (refrigerators ...
Nestlé Pakistan Limited (/ ˈ n ɛ s l eɪ / NESS-lay) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. [2] It is active in dairy , confectionery , coffee , beverages , infant nutrition and bottled drinking water areas.
Supercell thunderstorm in Larkana on 14 March 2015 Islamabad under dark clouds Supercell thunderstorm in Faisalabad on 13th March 2020 Lightning in Murree during the monsoon of 2005 Extreme weather in Pakistan includes everything from heavy rainfall and flooding to extremely low or extremely high temperatures. Pakistan has one of the highest temperature ranges in the world (temperature range ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
Pakistan Army troops also had a relatively strong presence as part of a UN and NATO coalition during the Bosnian War and the larger Yugoslav Wars.: 70 [8] The Pakistan Army, a major component of the Pakistani military alongside the Pakistan Navy and Pakistan Air Force, is a volunteer force that saw extensive combat during three major wars with ...
China lent Pakistan further 700 million dollars to shore up Forex reserves. [49] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [50] Also Fitch downgrades Pak's sovereign credit rating from CCC+ to CCC-. The New York-based ratings agency warned that a default could be a "real possibility". [51]
Astore District (Urdu: ضلع استور) is a district of Pakistan-administered Gilgit-Baltistan in the disputed Kashmir region. [1] It is one of the 14 districts of the Pakistani-administered territory of Gilgit−Baltistan. [2] Its administrative headquarters are located at Eidgah in the Astore Valley.