Pepsi was created in 1893 as Brad's Drink and renamed Pepsi-Cola in 1898, entering Pakistan in 1967. Coca-Cola was founded in 1886 and entered Pakistan in 1984. Pepsi and Coca-Cola control over 95% of Pakistan's soft drink market, though Coke outsells Pepsi globally except in countries like India and Pakistan. Both companies spend over $1.5 billion annually on marketing through advertising, promotions, events, and publicity across various channels to differentiate their brands and products from each other in the cola wars between the soft drink giants.